IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

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

google

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.

"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

2022 State of the multi-cloud report

What are the biggest multi-cloud motivations for decision-makers, and what are the leading challenges

Free Download

The Total Economic Impact™ of IBM robotic process automation

Cost savings and business benefits enabled by robotic process automation

Free Download

Multi-cloud data integration for data leaders

A holistic data-fabric approach to multi-cloud integration

Free Download

MLOps and trustworthy AI for data leaders

A data fabric approach to MLOps and trustworthy AI

Free Download

Recommended

How to use Chromecast without Wi-Fi
Mobile

How to use Chromecast without Wi-Fi

30 Nov 2022
Android vs iOS: Which mobile OS is right for you?
Mobile

Android vs iOS: Which mobile OS is right for you?

30 Nov 2022
Google Cloud Platform now automatically detects highly common ransomware dropper
Cloud

Google Cloud Platform now automatically detects highly common ransomware dropper

21 Nov 2022
Google agrees record $391.5m settlement in US digital tracking case
privacy

Google agrees record $391.5m settlement in US digital tracking case

15 Nov 2022

Most Popular

Empowering employees to truly work anywhere
Sponsored

Empowering employees to truly work anywhere

22 Nov 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

15 Nov 2022
The top 12 password-cracking techniques used by hackers
Security

The top 12 password-cracking techniques used by hackers

14 Nov 2022