Google Ventures looks to invest in security and Europe

Investment wing of Alphabet bets $20m on enterprise security start-up and looks for next DeepMind

GV, formerly Google Ventures, is to invest $20 million in an enterprise security start-up and is also looking to Europe for further investments.

It said that New York-based SecurityScorecard, in a Series B funding round led by GV, has raised $20 million which will be used to "fuel SecurityScorecard's continued scale and innovation delivering cybersecurity ratings."

Other partners in the investment round include existing investors Sequoia Capital, Evolution Equity Partners, Boldstart Ventures, as well as new investor Two Sigma Ventures.

SecurityScorecard has around 100 enterprise customers and was founded in 2013. The firm has developed an infosecurity search engine that contains data on over 100,000 vendors and vulnerabilities. The platform can automatically detect vendors an organisation is doing business with and immediately begin monitoring their overall rating.  Custom alerts can be set for rating changes or vulnerabilities that may arise based on user defined thresholds.

Advertisement - Article continues below
Advertisement - Article continues below

"Search engines crawl and index web pages across the internet. In a similar fashion, SecurityScorecard continuously surveys, analyses, and indexes vulnerabilities across the entire internet to determine the security posture for every organisation worldwide." said Aleksandr Yampolskiy, CEO of SecurityScorecard.

GV is also looking to invest more heavily in Europe. According to a report by Business Insider, Tom Hulme, one of the partners at GV, said it was looking for the next DeepMind, the UK-based firm heavily involved in developing artificial intelligence.

Hulme added that he was interested in general artificial intelligence, or building "thinking machines" with a comparable intelligence to that of the human mind.

He also said that he was interested in investing in fintech firms. He said when he started at Google Ventures he was convinced that "half of what I do would be in fintech in London", although the firm has yet to back any UK fintech companies. 

Featured Resources

Digitally perfecting the supply chain

How new technologies are being leveraged to transform the manufacturing supply chain

Download now

Three keys to maximise application migration and modernisation success

Harness the benefits that modernised applications can offer

Download now

Your enterprise cloud solutions guide

Infrastructure designed to meet your company's IT needs for next-generation cloud applications

Download now

The 3 approaches of Breach and Attack Simulation technologies

A guide to the nuances of BAS, helping you stay one step ahead of cyber criminals

Download now


cloud computing

Google adds partners to real-time translation tools

8 Jan 2020

The IT Pro Products of the Year 2019: All the year’s best hardware

24 Dec 2019
search engine optimization (SEO)

Google is getting worse as it does more

21 Dec 2019

The IT Pro Podcast: Is the future multi-cloud?

29 Nov 2019

Most Popular

operating systems

17 Windows 10 problems - and how to fix them

13 Jan 2020
public sector

UK gov launches £300,000 SEN EdTech initiative

22 Jan 2020

Windows 10 and the tools for agile working

20 Jan 2020
web browser

What is HTTP error 503 and how do you fix it?

7 Jan 2020