Cyberstarts

– Transmit Security announced that Citi Ventures and the Goldman Sachs have joined the company’s most recent $543m Series A funding round, setting a new record in investment history as the largest Series A investment in cybersecurity.
– The Series A round was led by Insight Partners and General Atlantic with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– Previously bootstrapped, Transmit Security’s Series A funding round brings the company’s pre-money valuation to $2.2bn.
– Transmit Security will use the funding to increase the company’s global reach, expand its operations, and accelerate the company’s mission to help the world go passwordless.

– Noname Security, a cybersecurity platform that allows enterprises to manage APIs, closed a $60m series B funding round led by Insight Partners, with Next47, Forgepoint, TSG, Cyberstarts, and Lightspeed Venture Partners participating.
– It brings the company’s total raised to $85m and will be used to scale Noname’s go-to-market and customer success efforts as well as its product and R&D teams.
– APIs, the connectors that clouds and apps use to communicate with each other, will become the cyberattacker’s target of choice, according to Gartner. The analyst firm predicts that by 2022, API attacks will be the most frequent attack vector across the enterprise.
– API vulnerabilities can take many forms, from a developer’s forgotten side project to a software interface improperly configured.