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Scaling up Tenable

Discerning CISOs worldwide increasingly view Tenable products as the gold standard for centrally managing and improving their security posture amidst an ever-worsening threat landscape.

And while we secure some of the world’s largest and most complex networks, we’ve been thinking about how to best scale up the company to better serve an even broader base of customers worldwide.

We have decided to partner with two top-notch venture capital and growth equity firms, Insight Venture Partners and Accel, and to accept a significant investment. Accel previously invested in Tenable in 2012.

The investment will enable Tenable to grow our team, enhance next-generation product security software, and expand globally.

2015 has been a banner year for Tenable:

  • We added 200 employees
  • We more than doubled our sales force and number of resellers worldwide
  • We grew billings over 50% last year and have a run rate that exceeds $100 million

Tenable has the most widely-deployed vulnerability and threat management platform on the security market today with more than one million Tenable users and 20,000 customers worldwide. From some of the most recognizable brands in the world such as Visa, Deloitte, BMW, Adidas and Microsoft, to all arms of the U.S. Department of Defense, customers rely on Tenable’s solutions to continuously monitor their networks for vulnerabilities and malware.

Our entities currently serve customers in 10 countries around the world and we have immediate plans to expand efforts into 10 more countries including: China, Mexico, Ireland, Sweden, United Arab Emirates and India.

This latest round of investment, the largest funding round to date for any private security company, will help us expand our global footprint and further accelerate product development for our next generation security software solutions.

Thank you,

Ron Gula, CEO