Cybersecurity

StrikeReady: Cybersecurity Leader Raises $12 Million

By Amit Chowdhry ● Apr 10, 2024

StrikeReady—an AI pioneer advancing the way modern security teams operate—announced $12 million in funding. The Series A funding round was led by 33N Ventures, with participation from Hitachi Ventures, Monta Vista Capital, and industry luminaries Brian NeSmith, executive chairman and former CEO at Arctic Wolf, and Rod Beckstrom, former CEO of ICANN and Founding Director of U.S. National Cybersecurity Center (now CISA).

Lockchain: Blockchain Risk Management Platform Closes $4.6 Million

By Amit Chowdhry ● Apr 9, 2024

Lockchain.ai, an AI-powered Blockchain Risk Management platform, announced its official launch from stealth to bring automated risk management solutions to traders, investors, and fund managers in the blockchain ecosystem. The company also announced it raised $4.6 million through a seed round led by Lerer Hippeau. The funding round included Arrington Capital, Valhalla Ventures, ARCA, RSE/Vayner, Sonic Boom Ventures, Alex Weiss of Clear Sky Capital, and Artico Search. White Star Capital joined in a subsequent funding cycle.

TrojAI: Enterprise AI Security Solutions Company Closes $5.75 Million

By Amit Chowdhry ● Apr 5, 2024

TrojAI, a leading provider of enterprise AI security solutions, announced a $5.75 million funding round of additional seed capital and the appointment of Lee Weiner as the company's CEO. This funding round was led by Flying Fish, with participation from current investors Build Ventures and Techstars and new investors Alteryx Ventures and Flybridge Capital Partners.

Sprocket Security: Continuous Penetration Testing Company Raises $8 Million

By Amit Chowdhry ● Mar 31, 2024

Sprocket Security, an offensive security platform with an industry-leading continuous pentesting solution, announced its $8 million Series A financing. Led by Blueprint Equity, with participation from Wisconsin-based Capital Midwest Fund, the funding will accelerate Sprocket's platform development, fuel customer success, and expand sales and marketing initiatives.

Battery Ventures Strategically Invests In Safety Systems Company AdaCore

By Amit Chowdhry ● Mar 31, 2024

Battery Ventures announced a significant investment in AdaCore, a leader in providing software development tools for safety and security-critical systems. This strategic deal will accelerate AdaCore's expansion and position the company as a go-to source for software development tooling.

Zafran: Risk And Mitigation Leader Raises Over $30 Million

By Amit Chowdhry ● Mar 29, 2024

Risk and mitigation leader company Zafran announced that it raised over $30 million in funding. Sequoia Capital and Cyberstarts led the funding, with Cerca Partners and Penny Jar participating.

Skyflow: Data And AI Privacy Company Secures $30 Million

By Amit Chowdhry ● Mar 29, 2024

Data privacy vault company Skyflow announced it has raised $30 million to extend its Series B funding. Khosla Ventures led the round, joined by prior investors Mouro Capital, Foundation Capital, and Canvas Ventures. This funding round follows revenue growth of more than 210% and quick adoption in the emerging market of sensitive data protection for large language models (LLMs).

StealthMole: Dark Web Data Intelligence Company Raises $7 Million

By Amit Chowdhry ● Mar 29, 2024

Coro: SME-Focused Cybersecurity Platform Company Closes $100 Million

By Amit Chowdhry ● Mar 29, 2024

Coro, a leading cybersecurity platform purpose-built for small and medium-sized enterprises (SMEs), announced it had secured $100 million in Series D funding led by One Peak. Existing investors Energy Impact Partners and Balderton Capital also participated. The company has raised $255 million in the last two years, including this funding round.

ValidaTek: $43 Million DISA Contract For Softswitch Backbone Modernization Secured

By Amit Chowdhry ● Mar 28, 2024

Binarly: Supply Chain Security Platform Company Raises $10.5 Million

By Amit Chowdhry ● Mar 26, 2024

Binarly, a provider of an AI-powered firmware and software supply chain security platform, announced the closing of a $10.5 million seed funding round. The oversubscribed funding round was led by Two Bear Capital, with participation from Blu Ventures, Canaan Partners, Cisco Investments, and Liquid 2 Ventures. The pre-seed investors Westwave Capital and Acrobator Ventures also expanded on their equity positions.

Abstract Security: $8.5 Million Raised To Centralize The Management Of Security Analytics

By Amit Chowdhry ● Mar 26, 2024

Merge: Offering Unified APIs For Customer-Facing Teams To Support Client Integrations

By Amit Chowdhry ● Mar 26, 2024

Merge is a company that offers a suite of unified APIs for the top software categories. Pulse 2.0 interviewed Merge co-founder and CTO Gil Feig to learn more about the company.

Clarkson University Launches New Cybersecurity Masters Program

By Amit Chowdhry ● Mar 26, 2024

Clarkson University is now offering a new Master’s degree in Cybersecurity to meet the growing need to safeguard our online world. This new STEM-designated program will provide an interdisciplinary approach where students will have diverse choices.

Airbus Buying Cybersecurity Consulting Company INFODAS

By Amit Chowdhry ● Mar 25, 2024

INFODAS GmbH announced it has agreed to sell its shares in the company to Airbus Defence and Space. Combining expertise in securing the most sensitive data infrastructures and developing sophisticated technology, Airbus and INFODAS have a history of delivering top-tier solutions tailored to their client’s evolving needs.

Finite State: Software Risk Management Company Raises $20 Million

By Amit Chowdhry ● Mar 25, 2024

Finite State - a leader in comprehensive software risk management for the connected world - announced that it raised a $20 million growth round led by Energy Impact Partners (EIP).

University Of South Florida Launching College Focused On AI, Cybersecurity, And Computing

By Amit Chowdhry ● Mar 25, 2024

The University of South Florida announced a goal to create a college focused on the rapidly evolving fields of artificial intelligence (AI), cybersecurity, and computing. The university aims to position the Tampa Bay region and the state of Florida as a national leader.

LeakSignal: Microservices Cybersecurity Solutions Company Raises $1.6 Million

By Amit Chowdhry ● Mar 24, 2024

LeakSignal, a provider of microservices cybersecurity solutions, announced that it has secured $1.6 million in an oversubscribed funding round. Shasta Ventures led the round, which also included TFX Capital, Blu Ventures, and Cyber Mentor Fund. Previous investors include Tokyo Black, Vela Partners, and other talented cybersecurity angels.

BlueFlag Security: Identity-Based Developer Security Company Closes $11.5 Million

By Amit Chowdhry ● Mar 24, 2024

BlueFlag Security announced it raised an $11.5 million seed funding round led by Maverick Ventures and Ten Eleven Ventures with participation from Pier 88 Investment Partners. This funding round will fund the development of BlueFlag’s SDLC security and governance platform - which delivers end-to-end and identity-centric protection across the development lifecycle from code to production.

CyberSaint: Cyber Risk Management Company Closes $21 Million

By Amit Chowdhry ● Mar 21, 2024

Cyber risk management company CyberSaint announced that it has raised $21 million in Series A funding, led by Riverside Acceleration Capital (RAC). Additional investors include Sage Hill Investors, Audeo Capital, and BlueIO.

Euno: Frictionless Data Governance Company Raises $6.25 Million

By Amit Chowdhry ● Mar 21, 2024

Euno announced it raised $6.25 million in seed funding and emerged from stealth. This seed funding round was led by 10D with participation from INT3 – two leading early-stage Israeli funds investing in enterprise software. The funding round also included notable angel investors, including Barr Moses (co-founder and CEO at Monte Carlo), Lior Gavish (co-founder and CTO at Monte Carlo), and Yoni Broyde (former co-founder and CEO at Alooma). The advisory board includes Mark Nelson (Venture Partner at Madrona and former CEO and President at Tableau) and Tatsiana Maskalevich (Director of Data Science and Engineering at Netflix).

McGraw Hill Names Bob Sallmann As CFO And David Cortese As Chief Digital Information Officer

By Amit Chowdhry ● Mar 20, 2024

McGraw Hill has announced the appointment of two new executives to its senior leadership team. Bob Sallmann will join McGraw Hill as Chief Financial Officer on April 15th, overseeing the company's global financial strategy. David Cortese will join McGraw Hill on April 8th for a newly created Chief Digital Information Officer role, overseeing the company's digital platform development, information technology, and data analytics.

Auguria Raises Seed Funding From SYN Ventures And S Ventures

By Amit Chowdhry ● Mar 19, 2024

Auguria, a cybersecurity artificial intelligence company, announced its emergence from stealth mode after more than two years of software platform development. Through an initial investment from SYN Ventures Seed Fund, Auguria is driving the transformation of traditional security operations by optimizing data for human and AI consumption with the industry's first vector-based cybersecurity platform for security operations data integration, transformation, and analytics.

BigID: AI-Driven Data Security And Compliance Company Raises $60 Million

By Amit Chowdhry ● Mar 18, 2024

BigID - a pioneer in AI-augmented data security, compliance and privacy for modern cloud-first enterprises - announced that it closed a $60 million growth round led by Riverwood Capital with participation by Silver Lake Waterman and Advent.

Ballistic Ventures: $360 Million Oversubscribed Fund II Closed To Invest In Cybersecurity Companies

By Amit Chowdhry ● Mar 17, 2024

Ballistic Ventures announced the closing of its oversubscribed $360 million second fund. Fund II for Ballistic Ventures reinforces the firm’s commitment to fund and incubate entrepreneurs and innovations exclusively focused on the future of cybersecurity.

Why Zscaler Is Buying Avalor

By Amit Chowdhry ● Mar 15, 2024

Cloud security leader Zscaler announced an acquisition that extends the Zscaler Zero Trust Exchange data from over 400 billion daily Zscaler transactions with Avalor’s Data Fabric for Security with over 150 pre-built integrations, enabling customers to identify and predict critical vulnerabilities and improve operational efficiencies. By acquiring Avalor, Zscaler can transform the AI capabilities for the cybersecurity industry to enable organizations to mitigate risks and optimize performance while enhancing zero-touch operations.

Redcoat AI: Cybersecurity Company Raises $4.24 Million

By Amit Chowdhry ● Mar 15, 2024

Cybersecurity company Redcoat AI announced the emergence from stealth mode with $4.24 million in funding led by Pear VC, with participation from Leonis Capital, Sancus Ventures, Kyber Knight, and others. The funding will accelerate the platform's development and expand its reach.

DoControl: Delivering A Unified, Automated, And Risk-Aware SaaS Security Platform In A $10 Billion Market

By Amit Chowdhry ● Mar 14, 2024

DoControl is a leading SaaS Security Platform (SSP) modernizing CASB and DLP to secure SaaS applications. And DoControl helps organizations expose their SaaS risk surface, monitor user and OAuth app activity continuously, and automatically remediate it over time through granular, contextual, and drag-and-drop workflows. Pulse 2.0 interviewed CRO and co-founder Omri Weinberg to learn more about the company.

Nozomi Networks: OT And IoT Security Company Raises $100 Million

By Amit Chowdhry ● Mar 13, 2024

Operational technology (OT) security and Internet of Things (IoT) security leader Nozomi Networks announced a $100 million Series E funding round to accelerate innovative cyber defenses and expand cost-efficient go-to-market expansion globally.

Codezero: Enterprise Microservices Development Company Raises $3.5 Million

By Amit Chowdhry ● Mar 13, 2024

Codezero - an innovator in secure enterprise microservices development - announced a $3.5 million seed-funding round led by cybersecurity-focused VC firm Ballistic Ventures. Ballistic Ventures' funding added to the support from the existing list of angel investors and advisors, including Thomas Dohmke, Nick Caldwell, Marty Weiner, and James Routh.