Bessemer-backed security startup Kenna just raised $48 million in a new funding round as cyber investments remain red hot

• Kenna Security has raised a $48 million funding in a Series D funding round, the company confimed to Business Insider.
• That round, led by Sorensen Capital and Citi Ventures, values the company at over $300 million, according to a source familiar with the matter.
• Read more stories like this on BI Prime.

San Francisco-based cybersecurity company Kenna Security has raised $48 million in a Series D funding round, according to a source familiar with the matter and confirmed by the company.

The round is led by Sorensen Capital and Citi Ventures and values the company at more than $300 million, the source said.

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The latest raise brings Kenna's total funding to around $100 million. Previous investors include Bessemer Venture Partners and US Venture Partners.

Cyber is a red hot area for investment, with 2018 a record year for venture capital firms investing in the sector. Cyber companies raised over $5.3 billion last year, according to Strategic Cyber Ventures, up from 20% in the year prior.

Read More: The founders of a billion-dollar Israeli spyware startup accused of helping Saudi Arabia attack dissidents are funding a web of new companies that hack into smart speakers, routers, and other devices

Founded in 2010, Kenna sells a threat management platform that uses data to help security teams priotize which areas of their organizations are at highest risk for getting attacked. Clients include AT&T, CVS, Charter Communications, KPMG and three of the world's 10 largest banks.

Kenna is run by CEO Karim Toubba, a former Juniper Security executive who joined the startup in 2014.