A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – ENTERPRISE SECURITY
- MFA based authentication provider, ID.me raised $19M in the Series B round led by FTV Capital. Link
- Stealth mode cybersecurity startup, Garrison Technology raised $14.7M in the Series A round led by Touchstone Innovations. Link
- Dyadiac, a virtual HSM provider received $12M in the Series B round led by Goldman Sachs, Citi Ventures, and Innovation Endeavors. Link
- Shumei, a digital fraud prevention company received $10M in the Series A round funding co-led by Shunwei Capital and Baidu Ventures. Link
- RiskSense, a cyber risk & vulnerability assessment company raised $7M in the extended Series A round from Jump Capital and existing investors. Link
- Insider threat detection provider, Fortscale received $7M in the Series B round co-led by Evolution Equity Partners and Valor Capital Group. Link
- Cyren, a unified threat management company for endpoint security received $6.3M in a convertible note from undisclosed investors. Link
- KnowBe4, an anti-phishing solution provider received the Series A investment of $5.2M from Elephant Partners and others. Link
- Stealth mode data security company, Privacy Labs raised $4M in the Seed round led by Initialized Capital. Link
- Endpoint security company, ZoneFox raised $3.8M in the Series A round from Scottish Investment Bank and others. Link
- Cyber risk & vulnerability assessment provider, Cymulate received $3M in the Series A round led by Susquehanna Growth Equity. Link
- Cyber forensics company, Wynyard Group received a post-IPO equity of $2.8M for the pre-liquidation asset sales. Link
- Data Resolve, a cyber intelligence company raised $1M in the Angel round led by Parampara Capital. Link
- Rippleshot, a fraud detection company received undisclosed funding in the extended Series A round from Innovate Indiana Fund. Link
- Biometrics-based authentication provider, OneVisage received an undisclosed funding from Polytech Ecosystem Ventures and others. Link
- CA Technologies announced to acquire Veracode, a software security company in a $614M deal. Link
- Wangsu Science & Technology announced to acquire CDNetworks, a CDN and anti-DDoS attack prevention company in a $185M deal. Link
- Palo Alto Networks completed the acquisition of Lightcyber, a security analytics company in a $105M cash deal. Link
- Madison Dearborn Partners announced its agreement to acquire BlueCat Networks, a DNS security provider. Link
- Okta acquired Stormpath, an authentication solution provider for developers in an undisclosed deal. Link
- relayr, an enterprise IoT company acquired Neokami, an AI-based data security provider in an undisclosed deal. Link
- Accenture acquired IDefense, a security intelligence services business from Verisign in an undisclosed deal. Link
- IAM solution provider, Okta filed the registration statement with the US SEC for its proposed IPO on NASDAQ. Link
- US federal budget blueprint proposed $1.5B for the Department of Homeland Security (DHS) for the protection against cyber attacks. Link
SOME INTERESTING STARTUPS FOUND
Minis Cyber Security (2016, Birmingham) – Cloud-based threat emulation platform for cybersecurity risk & vulnerability assessment.
Outflank (2016, Amsterdam) – Stealth mode digital attack simulation software.
Sandbox Labs (2016, London) – App hardening and compartmentalization based IoT application security.
TAQBit (2016, Bangalore) – Stealth Mode data security for enterprises using quantum technology.
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.
StackPath (2015, Dallas, $180M) – Network security as a service, secure CDN & VPN service. Backed by ABRY Partners.
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
Qihu 360 Software (2005, Beijing, $575M) – Anti-virus solution for desktop, laptop, and mobile devices. Backed by Sequoia, HCP, CDH Fund, IDVC, Matrix Partners, Redpoint.
Tanium (2007, Berkeley, $301.5M) – Helps manage and secure enterprise endpoints. Backed by A16Z, TPG, IVP, Franklin Templeton.
AVG (1991, Amsterdam, Acq.) – Anti-virus solution on endpoint devices for online security. Acquired by Avast in 2016.
Cloud Security
Illumio (2013, Sunnyvale, $142M) – Visibility and control over workloads running in any data center. Backed by Accel, A16Z.
Netskope (2012, Los Altos, $131M) – Cloud access security broker solution for the enterprise. Backed by LSVP, Accel, Social+Capital Partnership, Iconic Capital.
Bracket Computing (2011, Sunnyvale, $130M) – Virtual infrastructure software for hybrid computing environment security. Backed by A16Z, NVP, SHV, Fidelity.
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, $160.5M) – Cloud-based network log management and analytics. Backed by DFJ Growth, IVP, Sequoia, Accel, Greylock.
Skybox Security (2002, San Jose, $144M) – Risk analytics & remediation recommendation of enterprise threats. Backed by SGEP, Providence Equity, LSVP, Benchmark.
Threat Intelligence
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.
RiskIQ (2009, SF, $68M) – External threat management and intelligence platform. Backed by Summit Partners, Battery Ventures, Georgian Partners, MassMutual Ventures.
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.
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.
CDNetworks (2000, Campbell, $96.5M, Acq.) – Cloud acceleration based DDoS security, CDN, and WAF. Acquired by Wangsu Science & Technology in 2017.
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.
ThreatMetrix (2005, San Jose, $92.5M) – Fraud prevention & context-based authentication solution. Backed by USVP, SVP, Silicon Valley Bank, Tenaya Capital, August Capital, Talu Ventures, Adams Street Partners.
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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