Tenable Network Security, one of the leading global providers of next-generation cyber security software, has announced in a press release a $250 million Series B funding round led by Insight Venture Partners and Accel.
The investment, which is one of the largest funding rounds completed for a private security company, is expected to accelerate Tenable's long-term global growth.
Tenable said in the press release that they have added over 200 new employees this year to position the company for continued growth.
The company has also significantly expanded its channel networks worldwide.
Tenable adds in the press release that they will continue to invest in international expansion with immediate plans to expand into 10 countries, including China, Mexico, Ireland, Sweden, United Arab Emirates, and India.
The company currently has entities in 10 countries that serve customers around the world.
Ron Gula, the CEO of Tenable, said in the press release that they are proud to be partners with Insight Venture and Accel.
"With their investment and deep expertise in technology and security, will enable us to further accelerate our global growth and innovation," he said.
Reuters adds that analysts are expecting the sales of cyber firms to outpace the broader high-tech sector.
This is due to businesses and governments investing in new technologies that will protect them against increasing devious hackers.
Reuters adds that data from CB Insights and Bain Capital Ventures show that venture funding in cyber firms is on track to beat last year's total of $2.5 billion.
Last year's total was already up from the $1.7 billion total in venture funding in 2013.
Reuters adds that Tenable expects the deal to close in December 2015.
Tenable said in the press release that the Series B funding round marks $300 million in capital raised to-date.
Accel has already invested $50 million in Tenable in its Series A funding round in September 2012.
