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Cloud Security Cyber Security Enterprise Software Information Technology North America Software

Kolide Raises $17M in Series B Funding

– Kolide is a Boston, MA-based user-focused endpoint security platform for teams.
– The company raised $17m in Series B funding.
– The round was led by OpenView Partners, with participation from Matrix Partners, who previously led the Series A.
– The new investment will be used to expand the product’s capabilities and hire additional engineers and product staff.

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Cloud Data Services Cyber Security E-Commerce Platforms Identity Management North America Privacy

ID.me Raises $120M in Debt and Revolving Facility

– ID.me is a Mclean VA-based secure digital identity network which simplifies how individuals prove and share their identity online.
– The company secured $100m in debt financing from funds managed by affiliates of Fortress Investment Group LLC and $20mln revolving credit.
– The new investment will be used to accelerate growth along with the development of its secure digital identity network for all consumers.

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Cloud Security Cyber Security Network Security North Africa and the Middle East

Data operations platform Satori nabs $20M

– Satori announced that it raised $20 million in a series A round led by B Capital Group and Evolution Equity Partners, with participation from Satori’s seed investor YL Ventures.
– The company says it’ll use the funds, which bring its total raised to $25 million, to support product R&D and expand its go-to-market operations in the U.S.
– As enterprises look to move data and analytics to the cloud, they are in some cases facing challenges, slowdowns, and other major barriers to entry.
– Over 90% say that migration is going slower than it should, mainly due to concerns about compliance, security, and technology maturity.

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Cyber Security Network Security North Africa and the Middle East

Cynamics Raises $7M in Funding

– Dynamics, an Israeli AI-driven Next Generation (NG) Network Detection and Response (NDR) startup, raised $7m in funding.
– The round was led by Marius Nacht, Checkpoint Software Technologies co-founder and one of Israel’s leading serial entrepreneurs, tech founders and investors, with participation from Colibri Technologies and Fantail Ventures.
– The company is establishing a new headquarters in Boston, which will lead expansion in the U.S. and serve over 80 North American customers to date.

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Cyber Security North America Risk Management Security Software

BitSight raises $250M from Moody’s and acquires cyber risk startup VisibleRisk

– BitSight, a startup that assesses the likelihood that an organization will be breached, has received a $250 million investment from credit rating giant Moody’s.
– The investment will enable BitSight to create a cybersecurity risk platform.
Moody’s said it plans to make use of BitSight’s cyber risk data and research across its integrated risk assessment product offerings.
– BitSight acquired Israeli cyber risk assessment startup VisibleRisk for an undisclosed sum.

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Compliance Cyber Security North America SaaS

Seattle compliance automation startup Strike Graph raises $8M to fuel growth and expand services

– Seattle compliance automation startup Strike Graph has raised $8m in a Series A funding round.
– The round was led by Information Venture Partners with participation from previous investors Madrona Venture Group, Amplify.LA, Revolution’s Rise of the Rest Seed Fund and Green D Ventures.
– The startup currently has 25 employees and is hiring for remote positions for engineering, marketing, product roles and more.

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Cyber Security Fraud Detection Identity Management Information Technology North America Security

Transmit Security Announces Citi Ventures and Goldman Sachs Asset Management as Additional Investors on Its Record-setting $543 Million Series A Funding Round

– 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.

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Cloud Security Cyber Security North Africa and the Middle East

Rezilion Raises $30M in Series A Funding

– Rezilion provides security automation software for DevOps.
– The company raised $30m in Series A funding.
– The round was led by Guggenheim Investments with participation from JVP and Kindred Capital.
– The new investment will be used to scale the company’s go-to-market approach, partnering with other DevSecOps solution providers as well as growing operations to expand its customer base across the US and Europe, and develop the product to further close the gap between security and engineering.

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Cyber Security Internet North America Security Software

Open source security scanning platform Snyk raises $300M

– Snyk, a security scanning platform used by developers at companies like Google, Salesforce, Intuit, and Atlassian, announced a $530 million series F investment round that values the company at $8.5 billion.
– The transaction included primary and secondary investments, meaning Snyk only raised around $300 million in fresh capital, with investors buying existing shares for the rest.
– Snyk’s SaaS platform helps developers identify vulnerabilities and license violations in their open source codebases, containers, and Kubernetes applications.
– By connecting their code repository, be it GitHub, GitLab, or Bitbucket, Snyk customers gain access to a giant vulnerability database, which enables Snyk to describe the problem, point to where the flaw in the code lies, and even suggest a fix.

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Cloud Infrastructure Cyber Security Security Southeast Asia

Borneo Raises $18M in Series A Funding

– Borneo is a Singapore-based real-time data security and privacy observability platform.
– Company raised $18m in Series A funding.
– The round was led by Vulcan Capital and Prosus Ventures.
– The new investment will be used to continue investing in its technology platform and customer demand.

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Cloud Security Cyber Security North America Software

TrueFort Closes $30M Series B Round for Zero Trust Platform that Turns Application Intelligence Against Attackers

– TrueFort announced a $30m Series B round of financing led by Shasta Ventures with the participation of Canaan and existing investors Evolution Equity Partners, Lytical Ventures and Emerald Development Managers.
– As part of the financing round, Nitin Chopra, Managing Director at Shasta Ventures, is joining the company’s board of directors.
– The financing will support hiring across the company, expanded go-to-market activities and multiple R&D initiatives, including offerings that help enterprises better manage their application risk posture.
– Traditional security products have focused on protecting underlying IT infrastructure from threats but the success of attackers in executing ransomware, supply chain and phishing attacks show that there are still significant gaps in security coverage.

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Analytics Cyber Security Network Security North America Security Software

Corelight secures $75M Series D to bolster its network defense offering

– Corelight, a network detection and response (NDR) platform, raised $75m in Series D funding.
– The round was led by Energy Impact Partners and joined by Capital One Ventures, Crowdstrike Falcon Fund and Gaingels.
– The company plans to invest in growth and expects to raise additional capital in the future.

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Artificial Intelligence Bitcoin Blockchain Compliance Cryptocurrency Cyber Security Machine Learning North America Risk Management

AnChain.AI Raises $10M in Funding

– AnChain.AI is a San Francisco CA-based blockchain security company.
– Company raised $10M in funding.
– The round was led by SIG Asia Investments with participation from Fin VC, Nima Capital, Hard Yaka and Amino Capital.
– The new investment will be aimed at accelerating product development and recruitment across research and development, engineering, customer success and sales.

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Compliance Cyber Security Network Security North America

Monad Raises $17M in Series A Funding

– Monad is a security data cloud company based in San Francisco.
– The company emerged from stealth with $17m in Series A funding.
– The round was led by Index Ventures with participation from Sequoia Capital, Christian Almenar and Jacolon Walker.
– The new investment will be used to scale the company’s development efforts for its security data cloud platform.

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Cyber Security Information Technology Network Security North Africa and the Middle East Software

Hunters Raises $30 Million Round to Lead the Open Extended Detection and Response (XDR) Market

– Hunters announced a $30m Series B round led by Bessemer Venture Partners, with participation from existing investors YL Ventures, Blumberg Capital, Microsoft’s Venture Fund M12 and U.S. Venture Partners.
– The new funding brings the total investment to $50.4m.
– Companies targeted by complex security threats select Hunters XDR for its proven ability to accelerate threat detection, investigation and incident response.
– Among them are recognized brands in the financial services, technology, retail, manufacturing and media industries.

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Computer Cyber Security Information Technology Network Security North America

Cybersecurity monitoring and response startup Blumira raises $10.3M

– Blumira, a cybersecurity startup based in Ann Arbor, Michigan, announced that it raised $10.3 million in a series A round led by Mercury with participation from Ten Eleven Ventures, M25, Array Ventures, and others.
– The investment, which brings Blumira’s total raised to $12.9 million to date, will be used to grow the company’s security information and event management platform and double the size of its team to 80 employees within the next year.
– As enterprises embrace digital transformation during the pandemic, malicious actors are taking note — and advantage, in many cases. The world now faces roughly over 100,000 malicious websites and 10,000 malicious files every day. And ransomware has become prolific, despite the fact that 75% of companies infected with ransomware are running up-to-date endpoint protection.

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Blockchain Computer Cyber Security North America Software

Blockchain Security Firm CertiK Announces $24M Series B+ Led by Tiger Global

– CertiK announced a $24m Series B+ funding round from Tiger Global and GL Ventures.
– This funding round complements the launch of Skynet Premium.
– Skynet Premium brings to market the industry’s first active-monitoring platform, enabling real-time alerts on live smart contracts that have already been deployed.
– Skynet Premium’s threat detection model utilizes machine learning to evolve in lockstep with the constantly shifting smart contract risk environment, growing evermore advanced as it encounters new threats and vulnerabilities.
– The platform provides a publicly available feed of security scores for each project on the Security Leaderboard.

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Analytics Artificial Intelligence Cloud Security Content Cyber Security Enterprise Applications Machine Learning North America Privacy SaaS Security

Baffle Raises $20M in Series B to Protect Cloud Data with Celesta Capital as Lead Investor

– Baffle, Inc. announced that it has raised $20m in Series B funding led by new investor Celesta Capital, with contributions from National Grid Partners, Lytical Ventures and Nepenthe Capital, and follow-on investments from True Ventures, Greenspring Associates, Clearvision Ventures, Engineering Capital and Triphammer Ventures.
– Baffle’s no-code, simple-to-deploy security mesh takes a data-centric approach at cloud scale without a performance impact or changes to applications. Baffle is the only data-centric security solution that universally protects data as it’s created, stored and processed, from any source to any destination, on premises or in the cloud, no matter where it lives.

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Bitcoin Blockchain Cryptocurrency Cyber Security Financial Services FinTech Identity Management Information Technology Internet Software Southeast Asia

Cybavo Raises $4M in Pre-A Funding

– Cybavo, a Singapore-based blockchain security solution provider, raised $4m in Pre-A funding round.
– The round was co-led by 500 Startups, H&D Asset Management Company and New Economy Ventures.
– Other companies and investors from Taiwan, Silicon Valley, Singapore, Hong Kong and Japan also participated in the round.
– The company intends to use the funding to accelerate expansion in the East Asian, European, and North American markets, invest in the research and development of cybersecurity and blockchain technology, and to further raise the level of customer and product satisfaction it delivers.

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Cyber Security Industrial Manufacturing Infrastructure Machine Learning North Africa and the Middle East

Siga secures $8.1M Series B to prevent cyberattacks on critical infrastructure

– Israeli cybersecurity startup Siga OT Solutions raised $8.1m in Series B funding.
– The round was led by PureTerra Ventures, with investment from Israeli venture fund SIBF, Moore Capital and Phoenix Contact.
– The company plans to use the funding to accelerate its sales and strategic collaborations internationally.

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Artificial Intelligence Cyber Security Infrastructure Machine Learning Privacy Search Engine Software Western Europe

Privacy-oriented search app Xayn raises $12M from Japanese backers to go into devices

– Berlin-based Xayn, a personalized search engine, raised $12m in Series A funding.
– The round was led by Global Brain and KDDI (a Japanese telecommunications operator), with participation from previous backers, including the Earlybird VC in Berlin.
– Xayn’s total financing now comes to more than $23m.
– The company will now focus on the Asian market, starting with Japan, as well as Europe.

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Cyber Security Internet of Things North America Security

Finite State Raises $30M Series B to Secure the Connected Device Supply Chain for Critical Infrastructure and Energy

– Finite State has raised $30m in Series B funding.
– The round was led by Energize Ventures and joined by Schneider Electric Ventures and Merlin Ventures.
– Finite State plans to use the funding to rapidly scale its data-driven approach to supply chain security to meet the demands of the market.
– Finite State recently added three security veterans to their executive team to accelerate the company’s growth.

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Cyber Security Fraud Detection Identity Management Information Technology Network Security North America

SentiLink Secures $70 Million to Reinvent Identity Verification

– SentiLink announced a $70m Series B funding round led by David Sacks of Craft Ventures with participation from Felicis Ventures, Andreessen Horowitz, and NYCA.
– This brings SentiLink’s total funding raised to $85m.
– David Sacks and Victoria Treyger from Felicis will be joining SentiLink’s board as observers.
– SentiLink works with over 100 financial institutions, and has verified several hundred million applications to date.
– SentiLink takes a different approach than other companies in the space. Instead of spewing buzzwords like “Artificial Intelligence,” SentiLink focuses on deeply understanding fraud and identity, and then using technology to productionalize these insights.

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Analytics Cyber Security Mobile North America Security

ReversingLabs raises $56M to combat software supply chain attacks

– ReversingLabs, a Cambridge, Massachusetts-based cybersecurity company developing threat detection and analysis solutions, has raised $56 million in series B funding round led by Crosspoint Capital Partners, with participation from ForgePoint Capital and Prelude.
– Cofounder and CEO Mario Vuksan says the fund, which bring the company’s total raised to $81 million, will be put toward scaling its sales and marketing efforts as it expands its global reach.
– Over the past year, there have been several high-profile incidents in which attackers have attempted to compromise enterprises through the software supply chain. According to a recent Anchore survey, 64% of companies were affected by.a supply chain attack in 2021 and 60% have made securing the software supply chain a top 2022 priority.

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Computer Cyber Security Information Technology Network Security North America

Nozomi Networks raises $100M to protect critical infrastructure

– Nozomi Networks, a company offering cybersecurity and operational visibility services for industrial control systems, announced that it secured $100 million in a series D funding round led by Triangle Peak Partners, with participation from Forward Investments, Honeywell Ventures, Keysight Technologies, Porsche Digital, Telefónica Ventures, the U.S. government-affiliated In-Q-Tel, and others.
– The company says it’ll use the capital to help scale its product development initiatives as well as its go-to-market approach globally. Specifically, Nozomi will expand its sales, marketing, and partner enablement efforts and enhance its products to address new challenges in operational technology and internet of things (IoT) security markets, CEO Edgard Capdevielle said.
– Ransomware and malware attacks on organizations and infrastructure are at an all-time high.

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Cyber Security Information Technology North America Privacy

BlackCloak Raises $11M Series A Round

– BlackCloak, the cybersecurity industry’s first Digital Executive Protection platform for Executives and High-Profile Individuals, announced today the company’s $11M Series A.
– The funding come from lead investor TDF Ventures with participation from both TechOperators and DataTribe.
– The company protects corporate executives and high-profile individuals from cybersecurity, privacy, financial, and other reputational risks.

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Compliance Cyber Security Fraud Detection Information Technology InsurTech Risk Management SaaS Security Software Western Europe

FRISS Raises $65 Million Series B Funding Led by Accel-KKR

– FRISS closed a $65m Series B funding round led by Accel-KKR, advised by FT Partners and endorsed by existing investor, Aquiline.
– The funding will fuel the company’s rapid growth with additional product innovations, deep market penetration and lines of business expansions.
– FRISS serves insurers in over forty countries today, and is well on track to deliver over $2 billion in fraud savings to insurers in 2021 alone.
– Insurance fraud is a large and growing problem faced by insurance companies, with estimates of fraud in as much as 10-17% of total claims paid annually – a staggering $80bn annual loss in the US insurance market alone.

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Blockchain Cryptocurrency Cyber Security North America

Fireblocks Secures $310M Series D Round

– Fireblocks, the preeminent platform that empowers the entry of traditional institutions into the digital asset space, has raised $310m in Series D funding.
– The round is co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X.
– This extension of capital marks a significant milestone for Fireblocks, boosting the company’s valuation to over $2b.

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Cloud Security Cyber Security Information Technology North Africa and the Middle East SaaS Security

Infinipoint Raises $11M in Funding

– Infinipoint from Tel Aviv provides a SaaS based device identity and security posture solution.
– The company raised $11m in funding.
– Backers included JAL Ventures, Emerge, Hetz Ventures and strategic investors and advisors – Ron Myers, former SVP of global channels for Palo Alto Networks; Pradeep Aswani, serial entrepreneur, US distribution and channel veteran and cybersecurity investor; Issy Ben-Shaul, serial entrepreneur, cloud technologies expert, and Director of Engineering at Google; and Ravi Ithal, founder of Netskope and founding engineer of Palo Alto Networks.

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Cyber Security Insurance InsurTech North America

Cyber Insurance Startup At-Bay Closes $185 Million Series D, Valuing Company at $1.35 Billion

– At-Bay announced the closing of a $185m Series D financing round.
– The new funding was co-led by Icon Ventures and Lightspeed Venture Partners, with participation from existing investors including Khosla Ventures, M12, Acrew Capital, Qumra Capital, Munich Re Ventures, entrepreneur Shlomo Kramer, and Glilot Capital.
– At-Bay’s post-money valuation now sits at $1.35b.
– Preeti Rathi, General Partner at Icon Ventures, has joined At-Bay’s Board of Directors in conjunction with the financing.
– At-Bay recently surpassed $160m in annual recurring revenue on 800% year-over-year premium growth.

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Cyber Security Network Security North America Privacy Security Software

Password management platform 1Password raises $100M as business booms

– Password management platform 1Password has raised $100m in an Accel-led round of funding at a $2bn valuation.
– The raise comes hot on the heels of a slew of product announcements from the Canadian company, including its expansion into secrets management to help enterprises secure their infrastructure; a new API that enables security teams to funnel 1Password sign-in data directly into cybersecurity tools such as Splunk; and a new Linux desktop app aimed at DevOps teams.
– The ultimate problem that 1Password is setting out solve is that the vast majority of data breaches are due to compromised passwords. 1Password targets businesses like Slack, IBM, and GitLab with a platform that allows users to store passwords securely and log into myriad online services with a single click. It can also be used to store other private documents, such as software licenses and credit card details.

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Computer Cyber Security North Africa and the Middle East Software

ActiveFence Announces $100 Million in Funding to Keep the Internet Safe

– ActiveFence raised $100M in funding.
– The announcement covers both a Series B round, led by CRV and Highland Europe, and a previously unannounced Series A round, led by Grove Ventures and Norwest Venture Partners.
– Other significant participants in the rounds include Vintage Investment Partners, Resolute Ventures and others.
– The company protects billions of people worldwide from disinformation, child abuse, terror, hate speech, fraud, and other online harms.
– The company’s roster of customers – which includes social media, audio and video streaming, file sharing, gaming, marketplaces and other types of technology platforms – continues to grow 100% year over year.
– The funds will be used to invest in product development as well as accelerate global growth. Today the company employs almost 200 people across six global offices.

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Artificial Intelligence Cyber Security North America Risk Management SaaS Supply Chain Management

Interos Raises $100M in Series C Financing

– Interos is an Arlington, VA-based supply chain risk management and operational resilience technology company.
– The company raised $100m in Series C funding.
– The round was led by NightDragon with participation from current investors Kleiner Perkins and Venrock.
– The new investment will be used to expand operations and business reach.

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Apps Cyber Security Developer Tools Identity Management Information Technology Mobile Apps North America Security

Decentralized identity authentication platform Magic raises $27M

– Magic announced it has raised $27 million in a series A round of funding to further commercialize its blockchain-powered identity authentication platform.
– The round, which was led by Northzone, featured a slew of high-profile VC and angel investors, including Tiger Global, Reddit cofounder Alexis Ohanian , and GitHub CTO Jason Warner.
– The company launched in 2018 as Fortmatic, and its founders include CEO and former Docker product lead Sean Li; former Yelp software engineer Arthur Jen; and Jaemin Jin, a former software engineer at Apple, Amazon, and Uber.
– The San Francisco-based firm rebranded as Magic last May as it exited stealth with $4 million in seed funding.
– In the 14 months since, Magic claims it has grown its developer user base tenfold.

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Cyber Security Network Security North America

DNSFilter nabs $30M to fight DNS threats with AI

– DNSFilter, a Washington, D.C.-based provider of DNS content filtering and threat protection solutions, announced that it closed a $30 million series A funding round led by investment firm Insight Partners.
– The proceeds, which bring DNSFilter’s total raised to $36 million, will put toward product development and strategic initiatives including partnerships, as well as expanding the company’s workforce.
– Cisco found in 2016 that 90% of malware programs use DNS to carry out campaigns. And according to IDC, organizations faced an average of more than nine DNS attacks in 2019, an increase of 34% year-over-year. Costs went up 49% compared with 2018, meaning that one in five businesses lost just over $1 million per attack.

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Artificial Intelligence Cyber Security Network Security North America

Safe Security raises $33M to manage and mitigate cyber risk

– Safe Security, which provides a platform to measure cyber risk, announced that it raised $33 million in a strategic investment led by BT Group, the U.K.-based telecom provider.
– As a part of the investment, BT will be granted the exclusive rights to use and sell Safe Security products to organizations in the U.K. as it incorporates the platform into its wider portfolio.
– BT will also work with Safe Security to develop new products and with Safe’s customers to improve their cybersecurity postures, according to Safe Security CEO Saket Modi.
– With the frequency of large-scale data breaches increasing — from 662 in 2010 to over 1,000 by 2020 — businesses are looking for ways to assess how vulnerable they might be.

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Artificial Intelligence Big Data Business Intelligence Central-Eastern Europe Cyber Security FinTech Fraud Detection Risk Management

Nethone Raises $6.7M in Series A Funding

– Nethone, a Warsaw, Poland-based provider of a solution to solve the plague of online account takeovers, raised $6.7M in Series A funding.
– The round was led by Atmos Ventures and ARIA, with participation from Plug and Play Ventures and Firlej Kastory.
– The new investment will be aimed at accelerating the company’s go-to-market efforts and further strengthening its technology.

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Cyber Security Enterprise Software Intrusion Detection Network Security North America Real Time

Cybereason Receives $275M in Crossover Financing

– Cybereason from Boston, MA provides a future-ready attack protection platform that unifies security from the endpoint to the enterprise to everywhere the battle moves.
– The company raised $275m in crossover financing.
– The round was led by Liberty Strategic Capital with participation from Irving Investors, certain funds advised by Neuberger Berman Investment Advisers LLC, and Softbank Vision Fund 2.
– The company intends to use the funds to continue to accelerate the growth driven by demand for its AI-powered platform.

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Cloud Security Cyber Security Identity Management Information Technology North America Security

SecurEnds Raises $21M in Series A Funding

– SecurEnds from Atlanta develops cloud-native Identity governance platform with multiple modules to allow organizations to manage Credential Entitlement Management (CEM), Access Certifications, Cloud Infrastructure Entitlement Management (CIEM), Access Requests, Identity Risk & Analytics, and Segregation of Duty (SoD).
– The company raised $21M in Series A funding led by Elephant.
– The new investment will be used to scale operations and product development, and for geographic expansion into markets across Europe and Asia.

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Analytics Cloud Security Cyber Security Machine Learning Network Security North America

ThreatWarrior Raises $10M in Series A Funding

– ThreatWarrior is a cloud-native network threat intelligence company based in Austin TX.
– The company raised $10M in Series A funding.
– The round was led by Ecliptic Capital with participation from CrowdStrike Falcon Fund and Alumni Ventures Group.
– The new investment will be used to accelerate the company’s product development and go-to-market strategies.

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Cloud Security Cyber Security Network Security North America Software

Cyberthreat prevention platform Virsec raises $100M

– Cybersecurity company Virsec announced it raised $100 million in a series C round from more than 70 investors.
– The company will use the funds to hire, meet product demand, and build out a robust customer support model.
– Aside from venture firms, the expansive roster of investors spans the public and private sectors and includes experts such as former Cisco chairman and CEO John Chambers, former EMC chairman and CEO Mike Ruettgers, and several former high-ranking government and intelligence officials.
– Virsec launched in 2015 and provides software security solutions. The company claims its Virsec Security Platform (VSP) stops attacks at the first point of entry, but overall believes “detection is a lost cause,” according to Furneaux. Like other companies including Uptycs and Opswat, Virsec is focused on prevention.

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Blockchain Computer Cyber Security North America Software

Blockchain Security Firm CertiK Announces $37M Series B from Coatue, Shunwei Capital, Coinbase Ventures

– CertiK announced a $37M Series B funding round co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures.
– This is the largest single round of fundraising in the blockchain security space, adding to CertiK’s list of notable backers, which include IDG Capital, Binance, Lightspeed Venture Partners, Yale University, and others.
– CertiK is a pioneer in blockchain security, utilizing best-in-class AI technology to audit and monitor blockchain protocols and smart contracts.
– Since Q1 2020, CertiK’s team size has more than doubled, and this rate of growth will continue in 2021, creating a highly effective, remote-friendly culture with talent located worldwide.

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Cyber Security Information Technology Network Security North America Software

Arctic Wolf Announces $150 Million Series F Financing Round

– Arctic Wolf has raised $150m in a Series C funding round.
– The round was led by Viking Global Investors and Owl Rock, a division of Blue Owl Capital.
– The company has achieved a valuation of $4.3bn.
– Capitalizing on hypergrowth and strong demand for its technology and services, Arctic Wolf is cementing its position as the market leader in Security Operations.
– With its innovative approach to solving cybersecurity’s effectiveness problem, Arctic Wolf is setting a new standard for customers looking to end cyber risk by leveraging the cloud-native Arctic Wolf® Platform and the Concierge Security® Team.
– With this significantly oversubscribed round, Arctic Wolf will continue accelerating its market momentum, expand operations globally and bring to market new products and innovation to build world-class Security Operations for customers around the globe.

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Computer Cyber Security Network Security North America Security Software

AttackIQ Announces $44 Million in Series C Funding to Fuel Global Growth and Vision of Security Optimization

– AttackIQ announced a $44m Series C funding round led by Atlantic Bridge.
– The company announced that Kevin Dillon, Co-Founder and Managing Partner at Atlantic Bridge, has also joined the AttackIQ Board of Directors.
– The new funding comes at a dynamic time for the company, which has recently accelerated its international expansion efforts throughout Europe, the Middle East and Africa (EMEA), as well as the Asia Pacific and Japan (APJ) regions.
– AttackIQ is deeply committed to giving back to the global cybersecurity community.
– With more than 17,300 registered students to date in 176 countries, AttackIQ Academy provides free entry-level and advanced cybersecurity training and hands-on cyberrange labs, so CISOs can keep their teams knowledgeable on the latest cybersecurity attack methods and defense strategies.

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Cloud Security Cyber Security Enterprise Software North America Software

Netskope Raises $300M in Additional Funding; Valued at $7.5 Billion

– Netskope from Santa Clara provides a cloud-native SASE platform of technologies that enable secure enterprise digital transformation and secure remote connectivity using integrated Zero Trust Network Access (ZTNA), Secure Web Gateway (SWG), and Cloud Access Security Broker (CASB) capabilities.
– The company raised $300m in funding.
– The round was led by existing investor ICONIQ Growth with participation from existing investors Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures, and Geodesic Capital.
– Following this round, Netskope has achieved a post-money valuation of $7.5b.

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Biometrics Cyber Security Fraud Detection Identity Management Latin America Security

VU raises $12M to remove cybersecurity friction from digital experiences

– Argentina-based fraud and identity protection company VU raised $12m in Series B funding.
– The round was led by Globant and joined by Agrega Partners, NXTP Ventures, Bridge One, the IDB Lab and Telefónica.
– The company has total venture-backed investments of $20m.
– VU’s technology takes a person’s “online persona” and uses geolocation, biometrics and user behavior analysis to provide identity verification for users and enable a continuous authentication process that sees and connects the users’ online and offline personas.

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Cyber Security Information Technology Network Security North America Software

Sevco Security Launches with $15 Million in Funding to Scale Adoption of Industry’s First Cloud-Native Security Asset Intelligence Platform

– Sevco Security formally launched with $15M in Series A funding led by SYN Ventures, with participation from .406 Ventures, Accomplice, Bill Wood Ventures and fama Ventures.
– Sevco will use the funding to scale adoption of the industry’s first cloud-native security asset intelligence platform that delivers two fundamental values to customers: continuous converged visibility of all assets across siloed systems; and the telemetry required to understand how assets change in a dynamic environment over time.
– This investment marks a collaboration among several pioneers in the $2.2 billion endpoint detection and response (EDR) market and sets the stage for the Sevco team to bring the same category creation leadership to asset management for a cloud-native world.

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Cyber Security North Africa and the Middle East

Lightspin nabs $20M to boost enterprise cloud security

– Lightspin announced that it raised $16m in a series A round led by Dell Technologies Capital, with participation from Ibex Investors.
– Cofounder and CEO Vladi Sandler says that the funds, which bring the company’s total raised to $20m, will be used to expand Lightspin’s market reach and product offering.
– Roughly 83% of enterprise workloads have moved to the cloud, according to a 2020 survey from LogicMonitor. But the cloud remains vulnerable to cyberattacks. IBM found last year that the average time to identify a breach was 206 days. And Gartner predicts that 50% of companies will unintentionally expose components of their cloud applications and infrastructure to the internet in 2021, up from 25% in 2018.

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Cloud Security Cyber Security Network Security North Africa and the Middle East

Mitiga raises $25M to mitigate cloud cyberattacks

– Tel Aviv, Israel-based startup Mitiga raised $25m in series A financing, bringing its total raised to $32m.
– The capital will be used to support product R&D and grow Mitiga’s cybersecurity, engineering, sales, and marketing teams.
– Mitiga aims to prevent intrusions by providing emergency response to network security incidents (e.g., ransomware and data compromise), as well as pre-incident services for hybrid cloud environments.
– The company’s tech stack can be customized so that in the event of an attack, much of the manual work is automated.
– Mitiga’s three cofounders — Ariel Parnes, Ofer Maor, and Mozes — come from consultancy, product, and operations backgrounds.

Source
Compliance Cyber Security Internet North America Software

Drata Raises $25M in Series A Funding

– Drata is a security and compliance automation company.
– Company raised $25M in Series A funding.
– The round was led by GGV Capital with participation from new investors Okta Ventures and Silicon Valley CISO Investors (SVCI), as well as insiders Cowboy Ventures and Leaders Fund, along with several strategic investors and security practitioners.
– The new investment will be used to hire across key go-to-market functions and expand the platform beyond SOC 2 into ISO 27001, the European compliance counterpart, as well as additional security frameworks.

Source
Cyber Security Fraud Detection Identity Management Information Technology North America Security

Transmit Security Secures $543M in Series A Funding

– Transmit Security, a Tel Aviv, Israel- and Boston, MA-based Identity Experience company, raised $543m in Series A funding.
– The round was led by Insight Partners and General Atlantic, with participation from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– The new investment will be used to increase the company’s reach and expand its primary business functions, investing in key global areas in order to grow the organization.

Source
Cyber Security Industrial Network Security North America Security Software

Claroty Raises $140M in Series D Funding

– Claroty from NYC develops industrial cybersecurity solutions for enterprises to protect their OT, IoT, and IIoT assets.
– Company raised $140m in Series D funding.
– The round was led by Bessemer Venture Partners‘ Century II fund and 40 North with participation from LG and I Squared Capital‘s ISQ Global InfraTech Fund as well as previous investors – Team8, Rockwell Automation, Siemens, and Schneider Electric.
– The new investment will be used to accelerate expansion into new verticals and regions as well as to further enhance its product portfolio.

Source
Cyber Security Information Technology North America SaaS Service Industry

ThreatX Raises $10 Million; Extends Attacker-Centric Security Platform

ThreatX, a uniquely architected web application and API protection (WAAP) platform, has raised $10 million in funding led by .406 Ventures. This new investment will be used to open a new office in Boston and establish a presence on the East Coast, grow its engineering team, strengthen its fully-managed WAAP services team, and enhance its worldwide sales engine. Existing investors Access Venture Partners and Grotech Ventures also participated in the round. Greg Dracon, Partner at .406 Ventures, has technology operating and management experience, as well as 25 years of cybersecurity-focused venture investing, and will join the ThreatX board of directors.
The company’s attacker-centric WAAP platform accurately identifies malicious actors and dynamically initiates appropriate action. ThreatX technology can be used by companies in every industry across the globe to effectively and efficiently protect web applications and APIs.

Source
Cloud Computing Compliance Cyber Security Management Information Systems North America Risk Management SaaS Security

Ostendio Raises Series A Funding

– Ostendio is an Arlington, VA-based provider of always-on integrated risk management technology that makes it easy to build, operate, and showcase a security program.
– The company closed a Series A funding of undisclosed amount.
– The round was led by Osage Venture Partners and included follow-on investments from Blu Venture Investors, CIT GAP Funds, and other existing investors.
– The new investment will be aimed at the expansion of its network of audit partners (Auditor Connect) and its vendor risk management solution (Vendor Connect).

Source
Cyber Security Information Technology Network Security North America Software

Zero trust networking startup Elisity raises $26M

– Elisity, a cybersecurity startup, announced that it raised $26 million in a funding round led by Two Bear Capital and AllegisCyber Capital.
– The capital will be put toward scaling Elisity’s operations as it accelerates R&D and customer acquisition.
– According to a recent study published by the University of Maryland, hackers attack every 39 seconds, or about 2,244 times a day.
– The average time to identify a breach in 2019 was 206 days, at which point the cost could be in excess of $3.92 million.
– Gartner posits that this reflects the technology’s potential: More resilient environments with improved flexibility and better monitoring appeal to organizations looking for more flexible — and responsive — ways to connect and collaborate with their digital business ecosystems, remote workers, and partners.

Source
Cyber Security Developer Platform Developer Tools Information Technology Network Security Western Europe

Immersive Labs Raises $75M in Series C Funding

– Immersive Labs from Bristol is a company provider of a platform for organizations to measure and improve cybersecurity skills across technical and non-technical teams.
– The company closed $75m Series C funding round led by new investors Insight Partners alongside Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management.
– The investment will be used to expand the company’s international presence, tripling global headcount to 600 over the next two years and establishing operations in new regions throughout APAC and Europe.

Source
Bitcoin Blockchain Cryptocurrency Cyber Security SaaS Western Europe

Ledger completes a $380 million Series C fundraising valuing the company at more than $1.5 billion, to strengthen its position as the leading secure gateway to digital assets

– Ledger announced a $380m Series C round.
– The round was led by 10T Holdings with strong support from existing investors including Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital, and Wicklow Capital and other newcomers including Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache (Groupe Arnault), and iAngels Technologies.
– Ledger has an implied valuation of more than $1.5bn, marking its rapid and accelerating growth.
– Ledger is the market leading secure gateway for investors looking to access the world of digital assets securely.

Source
Cyber Security Information Technology Network Security North America Security

Aura Raises $150M in Series E Funding

– Aura is a digital security technology company dedicated to creating a safer internet for everyone.
– The company has raised $450m to date from investors including Accel, General Catalyst and WndrCo, in addition to Warburg Pincus.
– The new funding will be used to enhance the customer experience, grow the user base of the new Aura product, accelerate development of new features and implement programs to increase consumer awareness through a national advertising campaign.

Source
Cyber Security Network Security Western Europe

Cyber Guru Raises € 3.6M in Series A Funding

– Cyber Guru is a cyber security awareness training platform for companies.
– The company raised €3.6m in Series A funding.
– The round was led by P101 SGR, which invested €2.1m through its second fund, P102, and through ITALIA 500 (Azimut Group), with participation from Adara Ventures, which invested €1.5m.
– The new investment will be used to further product development and scale internationally across Europe.

Source
Cyber Security Enterprise Software Insurance Intelligent Systems North America Software Test and Measurement

UpGuard Raises $19M in Series B-1 Funding

– UpGuard is a third-party risk and attack surface management platform.
– Company raised $19m in Series B-1 funding.
– The round was led by IAG Firemark Ventures, the corporate venture capital unit of IAG, the largest general insurer in Australia, Pelion Venture Partners, Square Peg Capital and August Capital.
– The new investment will be used to accelerate the company’s product development and global expansion.

Source
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