Cybersecurity

Footprint: $13 Million Raised To Reduce Identity Fraud

By Amit Chowdhry ● May 22, 2024

Footprint, a company unifying KYC (Know Your Customer), security, and authentication to automate consumer onboarding and reduce identity fraud, announced a $13 million Series A led by QED Investors. The funding round included participation from existing investors Index Ventures, Lerer Hippeau, Operator Partners, BoxGroup, Palm Tree Capital, and Definition. New investors Neo and Animal Capital also joined.

Cybersecurity Leader Lumifi Cyber Acquires Netsurion

By Amit Chowdhry ● May 22, 2024

Lumifi Cyber, a next-generation leader in the cybersecurity space, announced the acquisition of Netsurion, which is a 15-year-old Managed Extended Detection and Response (XDR) provider. This deal delivers enhanced security to Netsurion’s customer base through Lumifi’s US-based Security Operations Center (SOC) alongside Lumifi’s proprietary SHIELDVision platform and is a milestone in Lumifi’s larger goal to disrupt the managed detection and response (MDR) space.

Token: $7 Million Raised To Launch Machine-First Identity Security Platform

By Amit Chowdhry ● May 20, 2024

Token Security emerged from stealth mode and launched its machine-first identity security platform. The company also announced $7 million in Seed funding led by TLV Partners with participation from SNR and a range of angel investors, including Shlomo Kramer, one of the founding fathers of cybersecurity in Israel.

Wiz: Cloud Security Company Raises $1 Billion At $12 Billion Valuation

By Amit Chowdhry ● May 19, 2024

Cloud security company Wiz recently raised $1 billion at a $12 billion valuation, bringing the company's total funding to $1.9 billion. The current round was led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, with participation from Greylock, Wellington Management, and existing investors Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital.

Blackwell Security: Healthcare-Focused Cybersecurity Company Raises $13 Million

By Amit Chowdhry ● May 16, 2024

Blackwell Security, a provider of specialized cybersecurity solutions personalized for the healthcare sector, announced a $13 million funding round co-led by General Catalyst and Rally Ventures to help support security operations in healthcare.

Niobium: Zero Trust Computing Hardware Company Closes $5.5 Million

By Amit Chowdhry ● May 16, 2024

Niobium has announced the completion of a $5.5 million seed fundraising round, marking a significant step towards its future growth and development. And this achievement is accompanied by the expansion of its Board of Directors, further strengthening the company's leadership and strategic capabilities.

Data Zoo: Identity Verification Solutions Company Raises $22.7 Million

By Amit Chowdhry ● May 15, 2024

Data Zoo, a leading global identity verification solutions provider, announced approximately $22.7 million (AU$35 million) in Series A funding from Ellerston JAADE (an Ellerston Capital fund). The funding round will help Data Zoo drive the adoption and innovation of its identity verification software. It provides direct access to authoritative data from 170+ countries, features advanced data sequencing to improve efficiency and maximize conversions, and prioritizes data protection and privacy by eliminating identity data storage.

TXOne Networks: Cyber-Physical Systems Company Raises $51 Million

By Amit Chowdhry ● May 14, 2024

TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, announced a significant achievement of securing $51 million in its Series B extension round of funding. Along with TGVest Capital (the lead investor of the B round), Pegatron Group, CDIB Capital Group and CDIB-Innolux II L.P. are continuing to invest. The new investors include the Taiwania Capital and Applied Ventures ITIC Innovation Fund, L.P. (AVITIC) - a joint fund of Applied Ventures, LLC and ITIC-Taiwan (Industrial Technology Investment Corporation).

Kindo: The Story Behind This Rapidly Growing AI Security Company

By Amit Chowdhry ● May 13, 2024

Kindo is a company that provides a way to securely adopt and centrally manage AI across your entire workforce. Pay only once for AI access from any model, use it across your organization, all in one easy-to-use interface. Supporting commercial, open source, and private AI models as well as 200+ SaaS integrations, Kindo empowers AI workforce productivity while keeping everything secure, compliant, and centrally managed for IT and Security teams. Pulse 2.0 interviewed Kindo co-founders Bryan Vann (CTO) and Ron Williams (CEO) to learn more about the company.