Tenable Plans to Acquire Apex Security to Enhance AI Cyber Risk Management

Tenable Holdings Inc. has announced its intent to acquire Apex Security, an AI security startup focused on protecting the expanding AI attack surface, with the deal expected to close by the second quarter of 2025. This acquisition aims to enhance Tenable's AI Aware platform by integrating Apex's capabilities for governing AI usage, enforcing policies, and controlling exposure across AI systems that organizations build and use. Apex Security, founded in 2023, has garnered backing from notable investors including Sam Altman of OpenAI and venture firms like Sequoia Capital, reflecting its innovative approach to AI risk management. Tenable's leadership emphasized the growing risks introduced by generative AI tools and autonomous systems, highlighting the need for proactive exposure management solutions. Wall Street analysts show optimism about Tenable’s prospects, with an average price target suggesting around 21% upside and an 'Outperform' consensus rating from 23 brokerage firms. GuruFocus projects a significant potential upside of nearly 69% based on fair value estimates, underscoring investor confidence in Tenable's strategic expansion into AI security.