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Computer Network Security North America Security

PerimeterX raises $57 million to fight bots and web app attacks

– PerimeterX, a cybersecurity startup developing a platform to protect apps from malicious actors, today announced it has raised $57 million in growth capital, bringing its total raised to $144 million.
– The company says this investment will be used to expand into new geographies and verticals and grow its workforce.
– According to Markets and Markets, the security orchestration, automation, and response (SOAR) segment is expected to reach $1.68 billion this year, driven by a rise in security breaches and incidents and the rapid development and deployment of cloud-based solutions.
– According to Risk Based Security, data breaches exposed 4.1 billion records in the first half of 2019.
– That may be why 68% of business leaders in a recent Accenture survey said they feel their cybersecurity risks are increasing.

Information Technology Network Security North America Technical Support

Electric raises $40 million for IT platform that gives businesses real-time insights and tech support

– Electric provides real-time IT support to businesses, alongside insights and data on its customers’ IT infrastructure.
– The company today announced it has raised $40 million in a series C round of funding led by Greenspring Associates.
– Founded out of New York in 2016, Electric offers chat-based IT support integrated directly into Slack or Microsoft Teams, with employees able to access technical support from Electric’s 100-plus team within 10 minutes.
– Requests range from password reset support and access to files or folders to troubleshooting network connections and hardware glitches or ordering a new mouse and keyboard.
– In addition to providing IT support, Electric’s platform, which it calls Turbine, gives companies visibility into all their IT support needs though data and analytics that show the volume of requests by type, time period, person, and more.

Mobile Network Security North America Security Software

vArmour, the multi-cloud security startup, raises $58M en route to IPO

– vArmour, a multi-cloud security startup, raised $58m funding.
– The round was led by AllegisCyber Capital and NightDragon, and joined by Standard Chartered Ventures, Highland Capital Partners, Australian carrier Telstra, Redline Capital and EDBI.
– The company appointed a CFO last October as part of its go-public plan.
– It is likely to look at making some acquisitions in the meantime.

Cyber Security Network Security North America SaaS Security

Red Canary Closes $81M Series C Financing

– Red Canary, a provider of SaaS-based security operations solutions, has closed its $81m Series C financing round led by global growth equity investor Summit Partners.
Summit Partners was joined by existing investors Noro-Moseley Partners and Access Venture Partners.

Biometrics Blockchain Consumer Software Cyber Security E-Signature Enterprise Software Ethereum Facial Recognition Identity Management Information Technology Network Security North America Security Software Software Engineering Speech Recognition

1Kosmos Secures $15 Million in Series A Funding from ForgePoint Capital

– 1Kosmos secured funding of $2.6m.
– The funding will be used to accelerate the company’s growth and product roadmap.
– 1Kosmos has assembled an advisory board that brings together top professionals in the cybersecurity industry.
– The company’s indisputable ID-proofing process leverages user-uploaded identity credentials.
– This eliminates the need for usernames and passwords or complex multi-factor authentication.
– 1Kosmos integrates with any application, website or operating system and doesn’t require additional software or technology.

Asia Internet of Things Network Security Security

SecuriThings Raises $14M in Series A Funding

– SecuriThings is a Tel Aviv, Israel-based IoTOps company.
– Series A $14m round was led by Aleph with participation from existing investors Firstime VC and angel investors.
– The new investment will be used to expand the functionality of its IoTOps platform, and build out its global sales and marketing operations.
– The company has already established partnerships with global system integrators, device management systems and edge device vendors including Microsoft, Convergint Technologies, Johnson Controls and many others.

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