Hey there,
Last week we had another one of the largest weeks in cybersecurity funding this year and I'm here for it!
To all my US readers and those celebrating abroad, Happy Thanksgiving 🦃 this week!
Cybersecurity funding news from the week of November 15th, 2021
💰 Summary
14 companies raised $1.6B
5 companies were acquired or had a merger event
🧩 By Category
$1.3B for Security Operations
$180.3M for Managed Services Provider (MSP)
$50.0M for Network Security
$38.0M for Managed Detection and Response (MDR)
$15.7M for API Security
$8.0M for Security Analytics
$7.4M for IoT Security
$5.0M for Continuous Compliance
$4.0M for Physical Security
$2.8M for Attack Surface Management
$2.0M for Open-Source Intelligence (OSINT)
An undisclosed amount for Cloud Security
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💼 Secure The Job
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🏢 By Company
Lacework, a cloud security operations and threat intelligence platform, raised a $1.3B Series D.
Expel, a SOC-as-a-Service company, raised a $140.3M Series E.
Netography, a network detection and response platform, raised a $45.0M Series A.
Ontic, a cybersecurity managed services provider (MSP) firm, raised a $40.0M Series B.
Stellar Cyber, an extended detection and response (XDR) company, raised a $38.0M Series B.
Xinglan Technology, an API security company, raised a $15.7M Seed.
SnapAttack, a security analytics and intelligence platform spun out of the consulting firm Booz Allen Hamilton, raised a $8.0M Series A.
ShieldIOT, a company protecting edge devices from security threats and operational risks, raised a $7.4M Series A.
DefenseStorm, a network security company that provides a cloud-based cybersecurity management platform, raised a $5.0M Venture Round.
Zenity, a governance and security platform for low-code/no-code applications, raised a $5.0M Seed.
Hakimo, an AI platform designed to bring cybersecurity-like tools to the physical security industry, raised a $4.0M Seed.
Hadrian, an external attack surface management (EASM) company, raised a $2.8M Pre-Seed.
VoxCroft Analytics, an open-source intelligence (OSINT) and risk analytics, raised a $2.0M Series A.
Aqua Security, a cloud security monitoring platform, raised an undisclosed Venture Round.
🤝 Mergers & Acquisitions
Snap Labs, a company making it easy to build, launch, and share cyber labs for cybersecurity training, research, and demos, was acquired by Immersive Labs.
Amplicy, an external attack surface management (EASM) company, was acquired by Team Cymru.
Keyless, a passwordless authentication platform, was acquired by Sift.
RenXTech, a government cybersecurity consulting firm, was acquired by Buchanan & Edwards.
Mobinergy, a consulting company for unified endpoint and identity management, was acquired by Unisys.
📚 Great Reads & Finds
The Snowfales as Code Antipattern - Not all Infrastructure as Code (IaC) approaches are good if they lead you to the same snowflake patterns of the time before IaC and cloud computing.
ChaosDB Explained - A walkthrough of Azure's Cosmos DB vulnerability.
Practical Security Recommendations for Start-ups with Limited Budgets - Start-ups have a rare opportunity to ‘bake’ security in at the start of a project, but this is often seen as an expensive endeavor.