Tenable Seeking Acquisition Of Exposure Management Startup Vulcan: Report

The cybersecurity vendor is reportedly in talks for a nine-figure deal to acquire the six-year-old company.

Tenable is in discussions for a nine-figure deal to acquire exposure risk management startup Vulcan Cyber, according to a report.

Israel-based media outlet Calcalist reported Wednesday about the potential acquisition deal of Tel Aviv-based Vulcan, which was founded in 2018, by publicly traded Tenable.

The report pegged the deal “in the hundreds of millions of dollars.”

"As a matter of policy, Tenable does not comment on rumor or speculation,” the company said in a statement.

CRN has reached out to Vulcan Cyber for comment.

Vulcan is a venture-backed player in the exposure risk management space, which includes capabilities around management of vulnerabilities, cloud exposures such as misconfigurations and other cyber risks.

Tenable is among the biggest names in the exposure management sector and has already been busy expanding its platform through M&A in recent years.

The company announced a deal to acquire Eureka Security, a data security posture management (DSPM) startup, in June. That followed Tenable’s $265 million acquisition of cloud identity security startup Ermetic in the fall of 2023.

At the same time, Tenable itself has been mulling a potential sale to a private equity firm or to a “strategic” buyer, Bloomberg reported in July.

Vulcan, meanwhile, has raised at least $70 million in funding to date, including a $55 million Series B round that closed in November 2023.

The report comes near the end of a year when cybersecurity vendor consolidation has been a continual theme. A number of major M&A combinations have been announced as well as a flood of smaller deals, many of them for venture-backed security startups.