Cyber security software provider Tenable Network Security has finalized a $250 million Series B funding round led by Insight Venture Partners and Accel. The company has now raised $300 million in capital to date. Tenable has more than one million users worldwide and its customers include the likes of BMW, Adidas and Microsoft. “Tenable has the only true continuous network monitoring offering on the market and our products defend some of the world’s largest and most complex networks, keeping our customers secure in the harshest of threat environments,” said Ron Gula, CEO of Tenable. “We are proud to partner with Insight and Accel who, with their investment and deep expertise in technology and security, will enable us to further accelerate our global growth and innovation.”
Careem, an app-based car service for the MENA region, and competitor to Uber, has raised $60 million in Series C investment. The Abraaj Group was the lead investor, with participation coming from Al Tayyar, STC Ventures, Beco Capital, Impulse (a subsidiary of Kuwait Investment Authority), Lumia Capital and Wamda Capital. The company’s service currently operates in 20 cities. “As we successfully close our third round of funding, we welcome our new investors and partners into Careem. The Abraaj Group brings unique regional insights, proven execution capability, and global resources we consider critical to realizing our mission of simplifying the lives of people in the region. We will continue to innovate our product, expand through the region, bring greater income generating opportunities to even more of our Captains, and recruit outstanding talent to serve a growing customer base across our cities,” Mudassir Sheikha, Careem’s co-founder and Managing Director said.
Schoology, an education technology company, has announced $32 million in financing led by JMI Equity. Existing investors FirstMark Capital, Intel Capital, and Great Road Holdings also participated in the funding round. Schoology has now raised a total of $57 million. “School districts and colleges have been striving to personalize the education of every student for years, but there hasn’t been a teaching and learning platform that could do it. The industry is littered with failed point solutions that didn’t integrate easily and weren’t easy to use – which resulted in extremely low adoption rates and failures to deliver real educational value,” said Jeremy Friedman, CEO, Schoology.
TheDodo.com, a media company with a focus on animals, has raised $11.5 million in financing. Discovery Communications led the investment. The company also has a new advisor – Arianna Huffington. The website, which mixes animal-rights activism with cute animal videos, is averaging nearly 100 million video views per month, and 75% of its traffic comes from mobile devices.