Palo Alto Networks is forming a $20 million venture fund. The fund expects to collaborate with Greylock Partners and Sequoia Capital to identify and evaluate potential co-investment, according to a statement released by the company.

The fund will provide early stage capital investments to promote development of security applications based on the company’s platform. The fund will be aimed at seed-, early- and growth-stage security companies with a cloud-based application approach, says the company.

[Image courtesy: Palo Alto Networks]