A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – ENTERPRISE SECURITY
- AI-based endpoint security provider, Cybereason raised $100M in the Series D round led by Softbank. Link
- Cloud-based security & log analytics company, SumoLogic raised $75M in the Series F round led by Sapphire Ventures. Link
- Machine-learning based insider threat detection company, Darktrace raised $75M in the Series D round led by Insight Venture Partners. Link
- Managed cloud security provider, Alert Logic received a syndicated credit facility of $70M from the Square 1 Bank. Link
- Digital risk monitoring company, ZeroFOX raised $40M in the Series C round co-led by Redline Capital and Silver Lake Waterman. Link
- Cloud security company, HyTrust raised $36M in the Series F round led by Advance Venture Partners. Link
- Machine learning-based e-commerce fraud prevention provider, Riskified raised $33M in the Series C round led by Pitango Growth. Link
- SparkCognition, a predictive cyber security & operational anomaly analytics company received $32.5M in the Series B round led by Verizon Ventures. Link
- Deep learning-based endpoint & mobile device security company, DeepInstinct raised $32M in the Series B round led by CNTP. Link
- Security analytics company, Awake Networks came out of stealth mode announcing its total funding of $31.2M from Greylock and Bain Capital Ventures. Link
- Cloud-based IAM solution provider, Auth0 raised $30M in the Series C round led by Meritech Capital Partners. Link
- Traffic analytics & sandboxing based network security provider, Lastline raised $28.5M in the Series C round led by Thomvest Ventures. Link
- FlashPoint, a dark net monitoring based threat intelligence provider raised $28M in the Series C round led by Georgian Partners. Link
- Cybersecurity technology & patent licensing & advisory company, Finjan raised $15.3M in a Series A-1 preferred stock financing led by Soryn HLDR. Link
- Container security startup, Stackrox raised $14M in the Series A round led by Sequoia Capital. Link
- Cyber incident response platform provider, Jask emerged from stealth mode along with Series A funding of $12M round led by Dell Technologies Capital. Link
- Email security provider, Votiro received a funding of $11.2M in the Series B round from Divergent Group and Redfield Asset Management. Link
- Corelight, a network intrusion prevention company raised $9.2M in the Series A round led by Accel Partners. Link
- Online digital authentication provider, Nok Nok Labs raised $8M in the Series D round led by Motorola Solutions Venture Capital. Link
- Anti-phishing intelligence provider, GreatHorn, raised $6.3M in the Series A round co-led by Techstars Venture Capital Fund and .406 Ventures. Link
- Mobile carrier anti-fraud company, Blockfraud raised $5M in the Series A funding round led by Palisades Venture Capital. Link
- RiskLens, a cyber risk & vulnerability assessment company raised $5M in the Series A round led by Osage Venture Partners. Link
- AimBrain, a behavioral biometrics based IAM provider raised $5.1M in the Series A round led by BGF Ventures. Link
- Secura Group acquired 20% stake by investing $4.5M in Custodio Technologies which is the IAI’s R&D center in Singapore. Link
- CloudPost Networks, an IoT security & risk management company raised $4M in the Series A round led by Wing VC. Link
- Security orchestration & analytics platform, Cyber Observer raised $3M in the Series A round led by Talis Capital. Link
- Quantum encryption based data security provider, QuintessenceLabs received a grant of $2.4M from the Australian Department of Defence. Link
- Elevate Security, a phishing awareness platform raised $2M in the Seed round co-led by Costanoa Ventures and Webb Investment Network. Link
- Upstream Security, a provider of cybersecurity platform for the connected car raised $2M in the Seed round led by Glilot Capital Partners. Link
- KiwSec, a mobile app management company raised $1.5M in the Seed funding round led by CBC Capital. Link
- Datiphy, a database security company received $1.5M in the debt financing from an undisclosed entity. Link
- Multi-factor authentication based IAM provider, SecureAuth received $1M in financing from an undisclosed investor. Link
- Beauceron Security, an anti-phishing solution raised $500k in the Seed round co- led by East Valley Ventures and Mariner Partners. Link
- Website security platform, Chaitin raised an undisclosed funding in the Series A round led by Qiming Venture Capital. Link
- Mobile anti-malware solution provider, Inpedio raised an undisclosed funding from Israel Aerospace Industries. Link
- Sonatype acquired Vor Security for the open-source security vulnerability scanner against its indexed database in an undisclosed deal. Link
- Vision Solutions acquired Enforcive Systems, an IT security & compliance provider for IBM mainframe & iSeries platforms in an undisclosed deal. Link
- Symantec announced a definitive agreement to acquire the threat isolation based endpoint security provider Fireglass in an undisclosed deal. Link
- Symantec announced a definitive agreement to Skycure, a predictive & cloud-based mobile defense solution company in an undisclosed deal. Link
- Cisco announced its intent to acquire network monitoring & forensics company, Observable Net under undisclosed terms of the deal. Link
- Mastercard announced its intent to acquire Brighterion, a machine learning-based cross-channel fraud prevention, and data breach detection company. Link
- Cloud data security, visibility & classification provider, DataGravity acquired by the cloud infrastructure security company, HyTrust. Link
- Rapid7 acquired Komand, a security automation & orchestration provider in an undisclosed deal. Link
SOME INTERESTING STARTUPS FOUND
Topo AI (2017, Fort Myers) – Stealth mode AI-based spatial intelligence platform for cyber security.
IoTSploit (2017, Singapore) – Cloud-based vulnerability assessment platform for IoT applications.
BlockFraud (2017, Santa Monica) – Machine learning based anti-carrier billing fraud solution.
LEADER BOARD – ENTERPRISE SECURITY
Suite
Symantec (1982, Mountain View, IPO) – Enterprise security solution suite for enterprise & personal users. Went IPO in 1989.
Kaspersky (1997, Moscow, $200M) – Security solution suite for businesses and consumers, Backed by General Atlantic.
FireEye (2004, Milpitas, IPO) – Enterprise security solution for network, endpoint, mobile devices, email, and threat intelligence. Went IPO in 2013.
Network Security
Palo Alto Networks (2005, Santa Clara, IPO) – Advanced firewalls designed to provide network security, visibility and granular control of network activity. Went IPO in 2012.
Barracuda Networks (2002, Campbell, IPO) – Appliance based network threat detection solutions. Went IPO in 2013.
Zscaler (2008, San Jose, $148M) – Network traffic analysis for application profiling and cloud security. Backed by LSVP, Google Capital, TPG, EMC.
BYOD Security
Blackberry (1984, Waterloo, IPO) – Enterprise Mobility Management suite company. Went IPO in 1999.
Good Technology (1996, Sunnyvale, $522M, Acq.) – Enterprise mobility & security solution. Acquired by Blackberry in 2015.
Lookout (2007, SF, $284M) – Mobile security against zero-day threats. Backed by Accel, A16Z, Greylock.
Airwatch (2003, Atlanta, $225M, Acq.) – Enterprise mobility management & security for BYOD. Acquired by Vmware in 2014.
Endpoint Security
Tanium (2007, Berkeley, $401.5M) – Helps manage and secure enterprise endpoints. Backed by A16Z, TPG, IVP, Franklin Templeton.
Crowdstrike (2011, Irvine, $256M) – Cloud and machine-learning based endpoint security platform. Backed by Accel Partners, Rackspace, Telstra, CaiptalG.
AVG (1991, Amsterdam, Acq.) – Anti-virus solution on endpoint devices for online security. Acquired by Avast in 2016.
Cloud Security
Illumio (2013, Sunnyvale, $267M) – Visibility and control over workloads running in any data center. Backed by Accel, A16Z.
Netskope (2012, Los Altos, $231M) – Cloud access security broker solution for the enterprise. Backed by LSVP, Accel, Social+Capital Partnership, Iconic Capital.
Armor Defense (2009, Richardson, $149M) – Cloud infrastructure security & secure cloud hosting service. Backed by The Stephens Group, Performance Edge Partners, Arizona Tech Investors.
Application Security
Veracode (2006, Burlington, $114.5M, Acq.) – Automated static, dynamic and mobile application security testing service. Acquired by CA Technologies in 2017.
Checkmarx (2006, NYC, $98.5M) – Static code analysis tools to identify security vulnerabilit
HackerOne (2012, SF, $74M) – Vulnerability Disclosure & internet security bug bounty programs. Backed by NEA, Benchmark Capital, Dragoneer Investment Group.
Identity & Access Management
Okta (2008, SF, IPO) – Secure identity management and single sign on. Went IPO in 2017.
Ping Identity (2002, Denver, $137M, Acq.) – Identity management solution for federated access to applications. Backed by DFJ, KKR. Acquired by Vista Equity Partners in 2016.
Centrify (2004, Sunnyvale, $94M) – Unified identity management solutions for both privileged and end-users. Backed by Samsung Ventures, Docomo Capital, Accel, Mayfield.
Security Analytics
Tenable Networks (2002, Columbia, $310M) – Continuous network monitoring & vulnerability management solution. Backed by Accel & Insight Partners.
Sumo Logic (2010, Redwood City, $235.5M) – Cloud-based network log management and analytics. Backed by DFJ Growth, IVP, Sequoia, Accel, Greylock.
Darktrace (2013, Cambridge, $180.5M) – Machine learning based adaptive threat detection. Backed by Insight Venture Partners, Summit Partners, SoftBank, KKR, Hoxton Ventures.
Threat Intelligence
ZeroFox (2013, Baltimore, $88M) – External threat management and intelligence platform. Backed by Backed by NEA, Highland Capital Partners, Silicon Valley Bank, Silver Lake, Redline Capital.
LookingGlass Cyber (2006, Arlington, $77M) – Threat intelligence-based security & dynamic threat defense. Backed by New Spring Capital, Alsop Louie Partners, Vital Financial.
Prevalent (2004, Warren, $72M) – Partner cyber-risk management solution. Backed by Insight Venture Partners, Spring Mountain Capital, Fulcrum Equity Partners.
Data Security
SafeNet (1983, Belcamp, $139M, Acq.) – Encryption & Key Management based data security. Acquired by Gemalto in 2014.
Digital Guardian (2003, Waltham, $125M) – Endpoint data loss prevention solution. Backed by Fairhaven Capital, Mass Mutual, Siemens Finance.
Ionic Security (2011, Atlanta, $122M) – Centralized policy, encryption and control based data security. Backed by KPCB, Google Ventures, Goldman Sachs, Tech Operators, JAFCO, FF VC, Meritech Capital Partners.
Website Security
CloudFlare (2009, SF, $182M) – Security and performance solutions for websites using a collective intelligence of its network community. Backed by USV, NEA, Qualcomm Venture, MS Ventures, GV.
StackPath (2015, Dallas, $180M) – Cloud-based WAF, secure CDN & VPN service. Backed by ABRY Partners.
Shape Security (2011, Mountain View, $131M) – Website security by making subtle transmutation of underlying HTML page code of web pages, deceiving attackers. Backed by KPCB, GV, NVP.
Email Security
MimeCast (2003, London, IPO) – Saas based email security by re-routing and analyzing emails. Went IPO in 2015.
Proofpoint (2002, Sunnyvale, IPO) – Email security based on secure email gateways. Went IPO in 2012.
Anti-Fraud
Lifelock (2005, Tempe, $178M, Acq.) – Identity theft protection & payment fraud prevention. Acquired by Symantec in 2017.
Pindrop Security (2011, Atlanta, $122M) – Machine learning and multi-factor analysis based phone fraud detection and prevention. Backed by Google Capital, A16Z, IVP, Felicis.
Signifyd (2011, Palo Alto, $106M) – Cloud-based digital fraud & chargeback prevention solution. Backed by a16z, American Express, IA Ventures, Menlo Ventures.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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