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Palo Alto Networks starts new Venture Fund

Press Trust of India  |  Mumbai 

Security company Palo Alto Networks, today announced it is forming a USD 20 million security venture fund.

The fund will provide early stage capital to fuel development of innovative security applications for the Palo Alto Networks Next-Generation Security Platform, it said in a statement here.

The fund will be aimed at seed, early and growth stage security companies with a cloud-based application approach, it added.

The fund expects to collaborate with Greylock Partners and Sequoia Capital to identify and evaluate innovative security applications for potential co-investment, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 14:57 IST