$20 million

Size of venture fund launched by security vendor Palo Alto Networks to help boost the next generation of security startups. The money is intended to expand the company's platform with new, innovative technology. The fund, in collaboration with Greylock Partners and Sequoia Capital, will focus on early-stage, seed-stage and small startups that plan to build applications on the company's new Application Framework. Senior Vice President, Business and Corporate Development Chad Kinzelberg said the fund will help grow Palo Alto's security partner ecosystem.