Cybersecurity

BioCatch: Permira To Buy A Majority Position At $1.3 Billion Valuation

By Amit Chowdhry ● May 9, 2024

BioCatch, a global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, announced that Permira Growth Opportunities II, a fund advised by global private equity firm Permira, has agreed to acquire a majority position in BioCatch. This deal is expected to accelerate BioCatch’s global expansion, advance its innovative product roadmap, and support its continued overall growth.

StrongDM: Zero Trust Privileged Access Company Raises $34 Million

By Amit Chowdhry ● May 9, 2024

StrongDM, a Zero Trust privileged access company, announced the closing of a $34 million Series C funding round led by Anchor Capital, with participation from new investors Capital One Ventures, Cisco Investments, Frontline Ventures, and Singtel Innov8, and existing investors including GV, Sequoia Capital, and True Ventures. This funding round highlights StrongDM's commitment to reshaping enterprise security with its revolutionary Zero Trust privileged access management (PAM) solution. The Series C funding round brings StrongDM's total funding to $96 million.

Apex: AI Security Leader Company Secures $7 Million

By Amit Chowdhry ● May 9, 2024

Apex, a leader in AI security, announced that it emerged from stealth with $7 million in seed funding. The funding round was co-led by Sequoia Capital and Index Ventures, with notable angel investors participating.

Bricklayer: Autonomous Cybersecurity Solution Company Raises $2.5 Million

By Amit Chowdhry ● May 9, 2024

Bricklayer AI has announced a $2.5 million pre-seed investment to advance the product development of its autonomous AI security analyst solution. This pre-seed round was oversubscribed, with participation from Sovereign's Capital, Dreamit Ventures, VIPC's Virginia Venture Partners, BlueWing Ventures, and Blu Ventures, and cybersecurity industry leaders.

Mimic: Ransomware Defense Company Raises $27 Million

By Amit Chowdhry ● May 9, 2024

Mimic, a ransomware defense company, announced that it has emerged from stealth and that it has secured a seed round of funding of $27 million led by Ballistic Ventures, with investment from Menlo Ventures, Team8, Wing Venture Capital and Shield Capital.

LayerX: Browser Security Platform Company Secures $26 Million

By Amit Chowdhry ● May 9, 2024

LayerX, the innovator behind the LayerX Browser Security platform, announced $26 million in Series A funding led by Glilot+ (the early-growth fund of Glilot Capital Partners), with participation from Dell Technologies Capital and other investors. In connection with the funding round, Lior Litwak, Managing Partner at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Partner at Dell Technologies Capital, will join the LayerX board.

Aikido: Security Platform Company Raises $17 Million

By Amit Chowdhry ● May 9, 2024

Aikido, a no BS security platform for developers and SMEs, announced it has raised $17 million in Series A funding led by Singular.vc, with participation from Notion Capital and Connect Ventures. This funding round comes six months after Aikido raised $5.3 million in seed funding, making it the fastest-capitalized startup in Belgian history.

Nudge Security Raises $16.5 Million To Help Manage SaaS Security And Governance At Scale

By Amit Chowdhry ● May 8, 2024

Nudge Security, a leading provider of modern SaaS security and governance, announced new funding from Forgepoint Capital. This funding, which joins Ballistic Ventures, brings the startup's seed funding to $16.5 million. Forgepoint Co-Founder and Managing Director Alberto Yépez will join the Nudge Security board in connection with the funding round.

Akamai To Buy Noname Security In $450 Million Deal

By Amit Chowdhry ● May 8, 2024

Akamai Technologies, a cloud company that powers and protects life online, announced that it has entered into a definitive agreement to acquire application programming interface (API) security company Noname Security.

RunReveal: Security Information And Event Management Company Raises $2.5 Million

By Amit Chowdhry ● May 7, 2024

RunReveal, a Security Information And Event Management (SIEM) built to detect threats faster, announced general availability and a $2.5 million seed round led by Costanoa Ventures.

StepSecurity: $3 Million Closed To Protect CI/CD Pipelines And Infrastructure

By Amit Chowdhry ● May 7, 2024

StepSecurity, a leader in protecting CI/CD pipelines and infrastructure, announced the closing of its $3 million seed funding round, led by Runtime Ventures. Inner Loop Capital, SaaS Ventures, DeVC, and several notable industry leaders participated as angel investors.

Anetac: Identity And Security Platform Company Secures $16 Million

By Amit Chowdhry ● May 7, 2024

Anetac, a company that protects companies from blind spots of service accounts in hybrid environments, announced its emergence from stealth mode and $16 million in funding. This latest round of funding was led by Liberty Global, and additional funding was provided by Shield Capital and The General Partnership, along with Anetac CEO Tim Eades and cybersecurity expert Jason Witty.

Oasis: $35 Million Raised To Automate Non-Human Identity Security

By Amit Chowdhry ● May 7, 2024

Oasis Security, a leading provider of non-human identity management (NHIM) solutions, announced that it has raised a Series A Extension of $35 million just three months after emerging from stealth. The funding round was co-led by existing investors Accel, Cyberstarts, and Sequoia Capital, doubling the company’s Series A valuation. To date, Oasis has raised a total of $75 million.

Island: Enterprise Browser Company Raises $175 Million And $3 Billion Valuation

By Amit Chowdhry ● May 3, 2024

Enterprise browser company Island announced a $175 million Series D funding round. This new round brings Island’s valuation to $3 billion, doubling the last valuation from less than a year ago. This funding round was led by new investor Coatue and existing investor Sequoia Capital, with additional funding from other existing investors.

Elisity: Identity-Based Microsegmentation Company Closes $37 Million

By Amit Chowdhry ● May 3, 2024

SafeBase: Security Review Company Raises $33 Million

By Amit Chowdhry ● May 3, 2024

SafeBase, a leading Trust Center Platform for friction-free security reviews, announced it has raised $33 million in a Series B funding round. This round, which brings the company’s total funding to over $50 million, was led by Touring Capital with Zoom Ventures participating. Existing investors NEA (New Enterprise Associates), Y Combinator, Comcast Ventures, and Cerca Partners joined the round, as did prominent cybersecurity executives, including former Salesforce Chief Trust Officer Jim Alkove.

Corelight: Open Network Detection And Response Company Secures $150 Million

By Amit Chowdhry ● May 3, 2024

Corelight, a leader in open network detection and response (NDR), announced it has raised $150 million in Series E investment, led by its first capital investor, Accel. Cisco Investments and CrowdStrike Falcon Fund made additional strategic investments.

Arcserve Secures Significant Investment From H.I.G. WhiteHorse And Monroe Capital

By Amit Chowdhry ● May 2, 2024

Arcserve, an innovator in unified data resilience solutions, announced today that a significant investment from H.I.G. WhiteHorse and Monroe Capital will further develop and deliver high-quality data protection and recovery solutions to its customers. The company also appointed Chris Babel, a leader with a 20-year track record of driving success, as CEO.

Strike Graph: Helping Companies Design And Operate Security Certifications

By Amit Chowdhry ● May 2, 2024

Strike Graph is a security operation and certification platform that helps companies design, operate, and measure security certifications. Pulse 2.0 interviewed Strike Graph CEO and co-founder Justin Beals to learn more about the company.

Prompt Security: Protecting Organizations From GenAI Risks

By Amit Chowdhry ● May 2, 2024

Prompt Security delivers a complete solution for all generative AI security in the enterprise. Pulse 2.0 interviewed Prompt Security co-founder and CEO Itamar Golan to learn more about the company.

Deduce: Preventing AI-Created Synthetic Identities From Committing Fraud And Passing Identity Verification

By Amit Chowdhry ● May 1, 2024

Deduce is a company that mitigates SuperSynthetic identities, which are AI-generated identities that can pass automated fraud controls, manual reviews, and other identity verification. Pulse 2.0 interviewed Deduce Vice President of Marketing Andy Sheldon to learn more about the company.

Amplifier Security: $3.3 Million Raised To Enable Security Teams To Modernize Practices

By Amit Chowdhry ● May 1, 2024

Amplifier Security announced it emerged from stealth to bridge the divide between the workforce and security with AI copilot and human-in-the-loop automation. The company also raised $3.3 million to address the last-mile security challenge with a self-healing approach that transforms how employees interact with corporate security tools. Cota Capital led this pre-seed funding round with participation from WestWave Capital and Shift Left Ventures. It also included angel investments from renowned entrepreneurs and executives.

Nagomi Security: Threat Exposure Management Company Secures $30 Million

By Amit Chowdhry ● May 1, 2024

Nagomi Security (formerly known as Vena Security), a leader in proactive security and threat exposure management, emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools. The company operated in stealth mode with a seed funding round from Team8 and the recent round was led by TCV, with participation from CrowdStrike Falcon Fund and Okta Ventures. Nagomi is also backed by leading angel investors, including Shlomo Kramer (founder of Check Point, Imperva, and Cato Networks), Nir Polak (founder of Exabeam), Guy Podjarny (founder of Snyk), and Galina Antova (founder of Claroty). This funding round will accelerate go-to-market and R&D efforts to meet the increasing global demand for proactive security and threat exposure management.

Dropzone AI: $16.85 Million Raised To Help SecOps Teams With Autonomous Investigations

By Amit Chowdhry ● Apr 30, 2024

Dropzone AI, a developer of AI security analysts for security operations teams, announced it has raised $16.85 million in Series A funding. Theory Ventures led the funding round, adding to the company's cohort of existing investors Decibel Partners, Pioneer Square Ventures, and In-Q-Tel (IQT). Carta CISO Garrett Held, Head of Security at Postman Joshua Scott, and Integreon President and Head of Cyber Solutions Anshu Gupta participated in the Series A round. Theory Ventures founder Tomasz Tunguz will also join the board in connection with the investment. Dropzone will use this new funding round to continue scaling its GTM motion and its engineering team.

Thomvest Ventures: An Interview With Managing Director Umesh Padval

By Amit Chowdhry ● Apr 30, 2024

Thomvest Ventures is a cross-stage venture capital fund based in Silicon Valley and Toronto. The firm is investing the capital of one individual Peter Thomson - whose family owns the majority of Thomson Reuters. Peter started Thomvest Ventures in 1996 and has invested in over 75 private companies since that time. Pulse 2.0 interviewed one of Thomvest’s managing directors Umesh Padval to learn more about the firm.

Upfort: Simplifying The Management And Insurance Of Cyber Risks

By Amit Chowdhry ● Apr 29, 2024

Upfort is a company that unifies award-winning security and robust cyber insurance to deliver comprehensive cyber risk solutions. Pulse 2.0 interviewed Upfort CEO and co-founder Xing Xin to learn more about the company.

ThreatLocker: Zero Trust Endpoint Security Solution Company Raises $115 Million

By Amit Chowdhry ● Apr 28, 2024

ThreatLocker, a global cybersecurity leader offering a Zero Trust endpoint security solution, announced it has raised $115 million in Series D funding led by existing investor General Atlantic with participation from other significant investors StepStone Group and the D. E. Shaw group.

BforeAI: Predictive Security Company Closes $15 Million In Funding

By Amit Chowdhry ● Apr 28, 2024

BforeAI, a predictive security pioneer, announced $15 million in Series A funding led by SYN Ventures, with renewed participation from early investors Karma Ventures, Karista, Addendum Capital, and a new investment from the Partnership Fund for New York City.

Akima: $750 Million Contract Signed To Support U.S. Air Force IT Modernization Initiatives

By Amit Chowdhry ● Apr 28, 2024

Akima, a provider of products and services to the federal government, announced that its subsidiary Akima Global Technology (AGT) was picked as one of two awardees on the Communications and Enterprise IT Support Services (COMET) IDIQ contract for supporting the U.S. Air Force. This award has ten years of performance and a total contract value of $750 million.

Sublime Security: AI-Powered Programmable Email Security Company Raises $20 Million

By Amit Chowdhry ● Apr 28, 2024

Sublime Security, an AI-powered programmable email security platform, announced that it has raised $20 million in Series A funding. Index Ventures led the round, which included previous investors Decibel Partners and Slow Ventures.