Cybersecurity

XONA: Zero-Trust User Access Company Raises $18 Million

By Amit Chowdhry ● Jun 13, 2024

XONA, a developer of a leading zero-trust user access platform for industrial operations, announced the closing of an $18M strategic funding round led by established cyber investor Energy Impact Partners (EIP), bringing the company's total funding to $32 million.

Pyte: Computation Security Platform Company Raises $5 Million

By Amit Chowdhry ● Jun 12, 2024

Pyte, a secure computation platform for data-first global enterprises, today announced $5 million in additional capital, bringing the total funding to over $12 million. This funding round was led by Myriad Venture Partners with participation from Innovation Endeavors, Liberty Mutual Strategic Ventures, Pillar VC, and others. Dean Mai (co-founder and managing partner for Myriad Venture Partners) will also join Pyte’s Board of Directors.

AirMDR: AI-Based Autonomous Managed Detection And Response Company Raises $5 Million

By Amit Chowdhry ● Jun 12, 2024

AirMDR, an AI-based Autonomous Managed Detection and Response (MDR), announced the closing of a $5 million Seed round of financing. This funding round was led by Foundation Capital with participation by Storm Ventures.

Formstack Buys Data Management Company Open Raven

By Amit Chowdhry ● Jun 12, 2024

Formstack, a leading form, document, and e-signature software provider, supporting over 32,000 customers worldwide, announced the acquisition of Open Raven, a leading data management and security company.

Tenable Buying Eureka To Bring Data Security Posture Management To Cloud Platform

By Amit Chowdhry ● Jun 12, 2024

Exposure management company Tenable Holdings announced that it has signed a definitive agreement to acquire Eureka Security, a provider of data security posture management (DSPM) for cloud environments. And Eureka Security helps security teams gain a holistic view into an organization’s cloud data security footprint, fight policy drift and misconfigurations that put data at risk, and improve their security posture over time. The acquisition is expected to close this month.

Reco: How This Company Is Transforming The Identity-Centric Security Industry

By Amit Chowdhry ● Jun 12, 2024

Reco is an identity-centric SaaS security platform and it empowers organizations to discover their SaaS applications, identities, and data, control access and prevent the risk of exposure. Pulse 2.0 interviewed Reco Co-Founder and CEO Ofer Klein to learn more about the company.

Nexus: Zero-Knowledge Proofs Cryptography Company Raises $25 Million

By Amit Chowdhry ● Jun 12, 2024

Nexus Laboratories, a zero-knowledge cryptography company, announced it raised $25 million in Series A funding co-led by Lightspeed Venture Partners and Pantera Capital. This funding round included participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.

c/side: How This Cybersecurity Company Optimizes Vulnerable Browser-Side Third-Party Scripts

By Amit Chowdhry ● Jun 11, 2024

c/side is a cybersecurity company that develops solutions for monitoring, optimizing, and securing vulnerable browser-side third-party scripts. Pulse 2.0 interviewed c/side CEO Simon Wijckmans to learn more about the company.

Zendata: AI Governance And Data Privacy Company Raises $2 Million

By Amit Chowdhry ● Jun 7, 2024

AI governance and privacy solutions company Zendata emerged from stealth and raised $2 million in funding to transform how security teams manage data and security. The seed funding round was led by PayPal Ventures, First-hand Alliance (operated by Salesforce Alumni), Geek Ventures, and Altari Ventures.

Cloudflare Buys Zero Trust Infrastructure Access Platform BastionZero

By Amit Chowdhry ● Jun 7, 2024

Leading connectivity cloud company Cloudflare has announced the acquisition of BastionZero, a Zero Trust infrastructure access platform. This deal further strengthen remote access to core IT systems for customers of Cloudflare One, which is the company’s secure access service edge (SASE) platform.

Transcend: Data Privacy Platform Company Raises $40 Million

By Amit Chowdhry ● Jun 6, 2024

Transcend, a next-generation data privacy platform, announced it raised $40 million in Series B funding led by new investor StepStone Group, with participation from HighlandX and existing investors Accel, Index Ventures, 01 Advisors (01A), Script Capital, and South Park Commons. This brings the total raised to nearly $90 million.

Wallarm: Helping Companies Build Products With API Security In A $1 Billion Market

By Amit Chowdhry ● Jun 5, 2024

Wallarm is a company that builds products offering robust protection for APIs, apps, and serverless workloads running in cloud-native environments. Pulse 2.0 interviewed Wallarm founder and CEO Ivan Novikov to learn more about the company.

Logpoint: Mikkel Drucker Named As CEO

By Amit Chowdhry ● Jun 4, 2024

Logpoint announced that Mikkel Drucker has been appointed as the new CEO at Logpoint. Drucker's nomination marks the next stage in Logpoint’s journey to becoming a European cybersecurity powerhouse, providing regional access to outcome-driven security operations and compliance technologies.

Averlon Closes $10 Million To Help Enterprises Prevent Cloud Security Threats

By Amit Chowdhry ● Jun 3, 2024

Cyber intrusion insurance premiums are doubling year over year, and AI-driven cyberattacks are costing U.S. companies a lot of money. Averlon, a pioneering cloud security company, emerged from stealth mode with an $8 million seed funding round aimed at transforming how organizations stay ahead of emerging threats.

CipherStash: How This Company Helps Alleviate The Leading Cause Of Data Breaches

By Amit Chowdhry ● Jun 3, 2024

CipherStash is a company that lets you apply access control directly to your data with encryption-in-use that works everywhere, from SQL to Spreadsheet. Pulse 2.0 interviewed CipherStash CEO and founder Dan Draper to learn more about the company.

Bolster: Multi-Channel Phishing Protection Company Raises $14 Million

By Amit Chowdhry ● Jun 2, 2024

Bolster, a multi-channel phishing protection leader, announced a $14 million Series B financing round led by M12 (Microsoft’s venture fund). And existing investors Thomvest Ventures, Crosslink Capital, Liberty Global Ventures, Cheyenne Ventures, Cervin Ventures, and Transform Capital also participated. This brought Bolster’s total funding to over $40 million.

SOCRadar: End-To-End Threat Intelligence And Brand Protection Company Raises $25.2 Million

By Amit Chowdhry ● May 30, 2024

SOCRadar, a provider of enterprise-grade and end-to-end threat intelligence and brand protection, announced the successful completion of its Series B funding round at $25.2 million. This funding round was led by PeakSpan Capital, with participation from Oxx.

Zendata: AI-Based Data Governance And Privacy Solutions Company Raises $2 Million

By Amit Chowdhry ● May 29, 2024

Zendata, a leading provider of AI-based governance and data privacy solutions, emerged from stealth with $2 million in funding to redefine how security teams manage data and security. The seed funding round was led by PayPal Ventures, First-hand Alliance (operated by Salesforce Alumni), Geek Ventures, and Altari Ventures.

Viakoo: The Story Behind This Rapidly Growing Cyber Hygiene And Service Assurance Company

By Amit Chowdhry ● May 28, 2024

c/side: $1.7 Million Raised To Secure Browsers Against Zero-Day Attacks

By Amit Chowdhry ● May 26, 2024

c/side, a cybersecurity company with tools for monitoring, optimizing, and securing vulnerable browser-side third-party scripts, has emerged from stealth with $1.7 million in funding. This pre-seed funding round was led by Scribble Ventures, with strategic individual investors including Roar Ventures, Kathy Korevec, Dan Scheinman, Jason Warner, Mike Taylor, Kevin Van Gundy, Zain Rizavi, Daniel Lopez, Dan Smith, and Nick Gianos.

HydroX AI: Providing Comprehensive Security Measures In A $200+ Billion Market

By Amit Chowdhry ● May 24, 2024

HydroX AI is a company that is focused on providing comprehensive security measures, ensuring that your AI projects thrive in a secure and dynamic environment. Pulse 2.0 interviewed HydroX AI founder and CEO Zhuo Li to learn more about the company.

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.