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Artificial Intelligence Computer Electronics Information Technology Network Hardware Network Security North America Software

GigaIO Raises $14.7M in Series B Funding

– GigaIO from Carlsbad is a creator of data center rack-scale architecture for artificial intelligence and high-performance computing solutions.
– Series B $14.7m round was led by Impact Venture Capital with participation from Mark IV Capital, Lagomaj Capital, SK Hynix, and Four Palms Ventures.
– The new funding will be used to expand the company’s sales and marketing efforts by recruiting more partners and expanding channel programs.

Source
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.

Source
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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Blockchain Network Security North America Security Software

Offchain Labs Raises $120M in Funding

– Offchain Labs is a NYC-based provider of scaling solutions for Ethereum.
– The company raised $120m in Series B funding.
– The round was led by Lightspeed Venture Partners with participation from Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, Mark Cuban and others.
– The new funding will be used to scale the team, further develop the Arbitrum One ecosystem, build out new scaling solutions in its pipeline and invest in R&D.

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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 Computer Facilities Support Services Network Security North America Public Safety

Armored Things Raises $12M in Series A Funding

– Armored Things is a crowd analysis and intelligence software company based in Boston, MA.
– Company raised $12m in Series A funding.
– The round was led by Nimble Ventures with participation from Gutbrain Ventures, PBJ Capital, and Micromanagement Ventures, as well as existing investors Glasswing Ventures, Will Ventures, and iNovia Capital.
– The company intends to use the funds to continue to build out its product platform, add to its team, and accelerate its go-to-market efforts in sports and entertainment venues, and on college and corporate campuses.

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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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Eastern Asia Network Security

TXOne Networks Raises $12.9M in Series A Funding

– TXOne Networks completed a $12m Series A funding.
– The round was led by JAFCO Asia Investment, Jade Stone Jinghua Limited Partnership Fund, and a number of other investors.
– The company intends to use the funds to refine its Industrial Control System (ICS) security products, to expand its business in certain regions, and to strengthen marketing and after-sales service teams.

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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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Computer Security Network Security Western Europe

Venari Security Raises £4.2M in Series A Funding

– Venari is a London, UK-based defender of encrypted networks.
– The company raised £4.2m in Series A funding.
– The round was led by Paddy McGuinness, the UK’s former Deputy National Security Adviser for Intelligence, Security and Resilience; Lane Bess, former President and Chief Executive Officer of Palo Alto Networks; and Cris Conde, former Chief Executive Officer of Sungard.
– The new investment will be used to grow R&D, data science, and cyber teams and complete its Go-To-Market plan.

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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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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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Network Security North America

Noetic Cyber Raises $20M in Funding

– Noetic Cyber is a Boston, MA-based cloud continuous cyber asset management and controls platform provider.
– The company raised $20m in Series A funding.
– The round was led by Energy Impact Partners, with participation from existing seed investors TenEleven Ventures and Glasswing Ventures.
– The company’s approach uses graph database technology to discover and inventory the key entities present in an organization’s environment, including cloud and on-premises systems.

Source
Computer Network Security North America

Managed cybersecurity startup SolCyber emerges from stealth with $20M

– SolCyber emerged from stealth with $20m in series A funding led by ForgePoint Capital.
– The company says the proceeds will be put toward enhancing its products and services and extending its go-to-market efforts, particularly as it gears up for growth.
– The year 2020 holds the record for the most cyberattacks and breaches worldwide ever.
– SolCyber offers a tech stack that includes endpoint with extended detection and response capabilities, email security, protection against Active Directory abuse, and admin exploitation prevention.
– The company plans to expand its workforce to 20 by the end of the year, angling to tackle an information security market where spending is set to exceed $170.4 billion in 2022, according to analysts at Gartner.

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Network Security North Africa and the Middle East

Cyolo raises $21M for zero trust networking tech

– Cyolo, a startup developing a platform that enables users to securely access their organization’s apps, servers, desktops, and files, announced that it raised $21 million in series A funding led by Glilot Capital Partners, with a strategic investment from National Grid Partners and Merlin Cyber and support from existing backers Flint Capital, Global Founders Capital, and Differential Ventures.
– Cyolo says the funds will be used to accelerate growth and R&D efforts, as well as help new customers navigate the transition to zero trust networking.

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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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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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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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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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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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Network Security North America

Opaque Systems Raises $9.5M in Seed Funding

– Opaque Systems, a San Francisco, CA-based provider of a secure data analytics platform, raised $9.5M in seed funding.
– The round was led by Intel Capital with participation from Race Capital, The House Fund, and FactoryHQ.
– The company intends to use the funds to expand operations and its business reach, as well as its contribution to the open source and data security community.

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Computer Network Security North America

Data Analytics Platform, Opaque, Raises $9.5 Million Seed from Intel Capital and Race Capital to Unlock Encrypted Data with Machine Learning

– Opaque, the secure data analytics platform company, announced $9.5M in seed funding, led by Intel Capital with participation by Race Capital, The House Fund, and FactoryHQ.
– Opaque helps organizations to analyze encrypted data in the cloud using popular tools like Apache Spark, the open-source analytics engine, while ensuring that their data is not exposed to the cloud provider.
– This funding will expand Opaque’s contribution to the open source and data security community.
– A majority of data sits in private hands – by 2025, it is predicted that 80% of data worldwide will reside in enterprises and the global data economy is pegged at $3 trillion.

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Network Hardware Network Security North America Software Telecommunications

Versa Networks Secures $84M in Series D Funding to Accelerate SASE Growth

– Versa Networks, the leader in SASE, announced that it has raised $84m in a Series D funding round, bringing the company’s total amount raised in funding to $196m.
– The funding round was co-led by investors Princeville Capital and RPS Ventures, with additional participation from existing investors, including Sequoia Capital.
– This new round of funding will enable Versa to introduce new go-to-market strategies, launch new sales and partner enablement initiatives, and address new markets to further cement its leadership position in the Secure Access Service Edge (SASE) market.
– According to Gartner, the SASE market is expected to grow at a CAGR of 42%, reaching almost $11bn, with at least 40% of enterprises having SASE adoption strategies in place by 2024.

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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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Cloud Security Network Security North America Security Software

Noname Security nabs $60M to protect APIs

– 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.

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Computer Network Security North America

DataTribe Announces $2.5M Seed Investment in Ntrinsec

DataTribe announced a $2.5M seed investment in Ntrinsec.
– Ntrinsec is the only moving-target defense start-up that is solving the secrets sprawl that exists in enterprises of all sizes today.
– Ntrinsec uniquely marries automated comprehensive key discovery, machine identity management, and orchestration of safe, automated remediation through synthetic testing and other simulations to massively simplify key management in today’s increasingly complex environments.
– Continuous integration and delivery automation, micro services, and multi-cloud architectures have revolutionized the speed and efficiency of organizations to digitize their operations, but these trends have also caused significant secret sprawl and poor secrets hygiene. Now, with Ntrinsec’s platform, secrets management can be automated with the same level of speed and efficiency.

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Computer Industrial Network Security North America

Augtera Emerges From Stealth With $13M Series A Led by Intel Capital; Launches Network AI Platform for Proactive Management and Resolution in Multi-Cloud Networks

– Augtera Networks, the industry-first Network AI platform purpose built for modern enterprise multi-cloud networks, launched with $13M in a Series A round led by Intel Capital, with participation from Dell Technologies Capital, and return investors Bain Capital Ventures and Acrew Capital.
– Already deployed in large scale production networks of Fortune 500 and global companies including Orange and Colt Technologies and collaborating with Dell Technologies, Augtera is reimagining network performance and management using its optimized AI algorithms to provide proactive visibility, prevent network incidents, and dramatically reduce resolution times.
– This financing brings total capital raised to $18M and Nick Washburn, Senior Managing Director and Chief Operating Officer at Intel Capital, joins Enrique Salem, Partner at Bain Capital Ventures, on Augtera’s board.

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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.

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Computer Network Security North America Software

Anjuna Raises $30M in Series B Funding

– Anjuna, a Palo Alto, Calif.-based confidential cloud platform provider, closed its Series B financing, with an investment of $30m.
– The investment was made by Insight Partners, and brings total funding to over $42m.
– The company intends to use the funds to bring its platform to market, and to continually evolve its technology and security innovations in the enterprise confidential computing market.

Source
Computer Network Security Western Europe

Edgeless Systems Raises €1.45M in Seed Funding

– Edgeless Systems from Bochum develops an open-source software stack for cloud-native confidential computing.
– The company raised €1.45M in seed funding.
– Backers included Acequia Capital (US), Inventures (DE), SIX Group AG (CH), Venture Creator (DE), and individual angel investors.
– The new investment will be used to expand the 12-member team on both cengineering and business site and expand its office capacities in Bochum and remotely.

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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.

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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.

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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.

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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.

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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.

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Cyber Security Network Security North America Software

Redacted Launches With $35M Series B

– Tenable, a cyber security company from Columbia, has raised $20m in Series C funding.
– The round was led by Ten Eleven Ventures, with participation from Valor Equity Partners and SVB Capital.
– The company will use the funding to scale and accelerate adoption of its state-of-the-art platform and advanced threat intelligence and response capabilities that enable organizations to level the playing field against sophisticated attackers, disrupt their adversaries and protect their businesses.

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Cyber Security Network Security North America Small and Medium Businesses Software

[redacted] Closes $35M in Series B Funding to Disrupt Adversaries and Hold Attackers Accountable

– [redacted] emerged from stealth with $35M in Series B funding led by Ten Eleven Ventures, with participation from Valor Equity Partners and SVB Capital.
– [redacted] is a cloud-native security platform that protects companies from cyber attacks.
– The company’s solution is built for modern cloud architectures, and it is designed to protect companies from the most advanced cyber threats.
– The company’s platform is built to protect companies from both external and internal threats.

Source
Cyber Security Email Management Information Systems Network Security North America Software

Material Security Raises $40 Million Series B To Protect the World’s Email From the Next SolarWinds Attack

– Material Security, a company that protects email accounts even after they have been compromised, has secured $40M in Series B funding led by Silicon Valley solo capitalist Elad Gil.
– The round was led by Andreessen Horowitz, as well as several individual tech industry leaders and investors.
– The new funding will allow Material Security to expand business operations to additional geographies, as well as aggressively expand R&D.

Source
Cloud Security Cyber Security Developer APIs Machine Learning Network Security North America

API vulnerability detection firm Salt Security raises $70M

– Salt Security has raised $70m in a series C funding round led by Advent International.
– The Palo Alto, California-based startup says it plans to use the capital to expand its global operations across R&D, sales and marketing, and customer success.
– Salt takes an approach similar — but not identical — to that of Elastic Beam, an API cybersecurity startup that was acquired by Denver, Colorado-based Ping Identity in June 2018.

Source
Cyber Security Fraud Detection Network Security North America Security Spam Filtering

Arkose Labs Raises $70M in Series C Funding

– Arkose Labs, a San Francisco, CA-based provider of online fraud and abuse prevention technology platform, raised $70m in Series C funding.
– The round was led by SoftBank Vision Fund 2 with participation from Wells Fargo Strategic Capital and previous investors M12 and PayPal Ventures.
– The company intends to use the funds toward platform development, new hires and global expansion.

Source
Computer Network Security North America

NetAbstraction Raises $9M in Series A Funding

– NetAbstraction from Chantilly VA develops a cloud-based network obfuscation solution service that proactively prevents cyber attacks by disguising enterprise networks from detection.
– The company raised $9m in Series A funding.
– The round was led by AllegisCyber Capital.
– The new investment will be used to expand the company’s business reach.

Source
Cyber Security Network Security North America Software

ThreatLocker raises $20M to secure enterprise endpoints

– ThreatLocker, a startup providing enterprise cybersecurity tools for servers and endpoints, announced it has raised $20 million in a series B round led by Elephant.
– The company says it will put the capital toward expanding its global footprint and product R&D, with a focus on growing its engineering workforce.
– The average cost of a data breach is nearly $4 million, with 74% of companies saying they can’t patch vulnerabilities quickly and 66% of IT teams reporting that they detect phishing attacks on their network “frequently.”
– Yet 15% of businesses don’t use endpoint security, according to CISO MAG.

Source
Computer Network Security North America

NetSPI Raises $90M in Growth Funding

NetSPI, a Minneapolis, MN-based enterprise penetration testing and attack surface management company, raised $90m in growth funding.
The round was led by KKR, with participation from Ten Eleven Ventures.
The company intends to use the funds to further accelerate its growth by expanding its cybersecurity and client experience teams, investing in product innovation, and deepening operations across U.S. and international markets.
Led by President and Chief Executive Officer Aaron Shilts, NetSPI provides a cloud based enterprise security testing and attack surface management platform to U.S. banks, health care companies, global cloud providers, and Fortune® 500. The company offers Penetration Testing as a Service (PTaaS) through its Resolve™ platform and adversary simulation through its Red Team Tool Kit.
Most recently, NetSPI acquired Silent Break Security and incorporated its proprietary Adversary Simulation and Red Team Toolkit software into the company’s offensive cyber security and attack surface management offerings.

Source
Artificial Intelligence Cloud Security Cyber Security Enterprise Software Machine Learning Network Security North America SaaS Security

Vectra AI Raises $130 Million led by Blackstone Growth (BXG)

– Vectra AI announced a $130m Series D funding round led by Blackstone Growth.
– Existing investors also participated in the funding round, increasing the company’s total funding to more than $350m at a post-money $1.2bn valuation.
– Vectra is a leader in threat detection and response. The company has experienced extraordinary success through its commitment to combining innovative AI technology, first-class customer service, and top talent.
– The company’s Cognito platform delivers protection against advanced cyberattacks for threat detection and response.
– Vectra’s platform works across the complex enterprise IT infrastructure to continuously learn, and deploys advanced AI, threat intelligence feeds and known attack profiles to identify breaches as they are being executed.

Source
Computer Consulting Cyber Security Information Technology Management Consulting Network Security North Africa and the Middle East Security

CyberHat Raises $15M in Series B Funding

– CyberHat from Tel Aviv develops a SOC-as-a-Platform.
– The company raised $15m in Series B funding.
– The round was led by Prytek and attracted new investor InCapital as well as previous investors Mangrove and Mizrahi Bank.
The company intends to use the funds to expand adoption of its SOC-as-a-Platform.

Source
Big Data Fraud Detection Machine Learning Network Security North America Predictive Analytics

Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions

– Sift, a fraud prevention company, raised $50m in funding.
– The round was led by Insight Partners and joined by Union Square Ventures and Stripes.
– The company has over several hundred customers, including Twitter, Airbnb, Twilio, DoorDash, Wayfair and McDonald’s.
– It has over 70 billion events per month.

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Computer Network Security North America

Window Snyder’s new startup Thistle Technologies raises $2.5M seed to secure IoT devices

– Window Snyder, a security veteran, founded Thistle Technologies, a startup that helps IoT manufacturers reliably and securely deliver software updates to their devices.
– The startup is backed with $2.5m in seed funding from True Ventures.
– Thistle lands on the security scene at a time when IoT needs it most.

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

Perception Point Raises $28 Million in Series B Funding to Advance Messaging and Collaboration Protection for Enterprise Users

– Perception Point, a leading email and collaboration security company, offering fast interception of content-based attacks as a service, announced it has raised $28 million in Series B, bringing the total funding to $48 million.
– The new funding round was led by Red Dot Capital Partners and joined by global investor NGP Capital along with existing investors Pitango Venture Capital and State of Mind Ventures (SOMV).
– Yoram Oron and Atad Peled from Red Dot Capital Partners, and Bo Ilsoe from NGP Capital will be joining the company’s board of directors.
– Funds from this round will be used to fuel rapid growth, expand to new markets, accelerate product innovation and grow the team to support customer demand.

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Artificial Intelligence Cyber Security Machine Learning Network Security North America Security

Deep Instinct Closes $100 Million Series D New Funding to Fuel Hyper-Growth

– Deep Instinct has successfully raised $100m in Series D funding.
– The company’s platform can predict, prevent, and analyze cyberattacks at any touchpoint of the organization from the endpoint through to the network.
– This round was led by funds and accounts managed from BlackRock, with participation from Untitled Investments, The Tudor Group, an investment by Anne Wojcicki, and existing investors, including Millennium, Unbound, and Coatue Management, among others.
– This new capital doubles the investment to date, bringing the total funding to $200m.
– This round will accelerate Deep Instinct’s aggressive growth plans for 2021 and beyond.
– Deep Instinct currently protects customers across North America, Europe, and APAC, with enterprise customers tripling in the last year.

Source
Computer Network Security North Africa and the Middle East

Cyrebro raises $15M to expand its security operations platform

– Cyrebro, a cloud-based security operations center (SOC), announced it has raised $15 million in a series B round led by Prytek.
– CEO Nadav Arbel says the capital, which brings the company’s total raised to $22 million, will be used to support development of the Cyrebro platform and strengthen the startup’s reach in the small and medium-sized business (SMB) market.
– Email messages and files have become top attack vectors for hackers looking to steal data, particularly as the pandemic necessitates novel work-from-home arrangements.
– Cybersecurity Ventures anticipates that the damage related to cybercrime will hit $6 trillion annually this year.
– Corresponding with this rise, Gartner reports that worldwide spending on cybersecurity is expected to reach $133.7 billion in 2022.

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Artificial Intelligence Cloud Security Cyber Security Network Security North America Risk Management

Cyble Announces $4 Million in Seed Funding

– Cyble raised a $4M seed financing round led by Blackbird Ventures and Spider Capital with participation from Xoogler Ventures, Picus Capital, and Cathexis Ventures.
– The funding comes as Cyble graduates from Y Combinator, which accepted Cyble into its Winter 2021 (W21) cohort and provided pre-seed funding in January of this year.
– These investments demonstrate the continued trust that investors and clients have in Cyble.
– Cyble has made huge progress over the last year.
– “We started this company with an ambitious goal: to equip organizations with real-time visibility into vulnerabilities in the cyber landscape and help safeguard their businesses.

Artificial Intelligence Cyber Security Machine Learning Network Security North America Software

Seattle-area AI startup Darklight raises $5.1M to help companies automate cybersecurity tasks

– Darklight, a Seattle-area startup, raised $5.1m funding.
– The round was led by undisclosed investors.
– Total funding to date is about $10m.
– The company will soon launch its first commercial cybersecurity product that automates the prioritization of vulnerability scanner results.

Source
Cyber Security Information Technology Network Security North America Security

Living Security raises $14M for predictive human risk management

– Austin-based cybersecurity training startup Living Security raised $14m in Series B funding.
– The round was led by Washington, D.C.-based Updata Partners and included participation from existing investors Silverton Partners, Active Capital, Rain Capital and SaaS Venture Partners.
– The company plans to use the new capital to expand its offerings beyond cybersecurity awareness training into human risk management.

Source
Asia Cloud Security Cyber Security Enterprise Software Network Security

Morphisec snags $31M for moving target defense that protects mid-sized companies

– Cybersecurity companies going after the big enterprise fish, mid-sized companies can get lost in the shuffle.
– Morphisec has developed an endpoint protection service that’s designed to be cost-effective enough to serve them high-quality protection.
– As the pandemic stretches these companies even further, Morphisec has found itself in high demand.
– Today, the company announced it has raised $31 million in a funding round led by JVP, with participation from Orange and Deutsche Telekom Capital Partners.
– Morphisec relies on a technique called “moving target defense” that constantly changes the security parameters of a system to thwart cyberattacks.
– This enables a kind of zero trust defense that doesn’t require employees to have deep security expertise in order to combat threats.

Source
Cloud Security Cyber Security Information Technology Network Security North America Software

Axis Security Raises $50M in Series C Funding

– Axis Security from San Mateo develops a Zero Trust Network Access (ZTNA) platform.
– The company raised $50m in Series C funding.
– The round was led by Spark Capital with participation from existing investors Canaan Partners, Ten Eleven Ventures, and Cyberstarts.
– The investment will be used to accelerate product development and feature velocity, and expand go-to-market initiatives, including expanding its direct sales team, support for channel partners, integrations, and partnerships with security information and event management (SIEM), security orchestration, automation and response (SOAR), identity management, and endpoint security vendors among others.

Source
Asia Cyber Security Homeland Security Network Security Security

Following Recent Dramatic Rise in Infrastructure Cyber Attacks, SCADAfence Accelerates Market Engagement with $12 Million Round Funding

– SCADAfence announced that it has raised $12m in funding.
– The round was led by existing investor JVP and also includes strategic investor Rapid7 and the participation of other existing shareholders.
– The new funding will help SCADAfence further accelerate its expanding global customer base across a diverse set of industries – including manufacturing, water treatment, critical infrastructure, oil & gas, pharmaceuticals, chemicals, and building management systems (BMS).
– Some of the company’s existing customers include Honda, Murata, Vestel, Mitsui Fudosan, Taro Pharmaceuticals, and numerous other Fortune 500 companies in the US.
– As part of SCADAfence’s rapid growth, the company has recruited several top-tier executives from leading cybersecurity organizations to grow their executive teams in sales engineering and revenue growth.

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