Hey there,
Welcome to the first Security, Funded issue of 2022! 🎉
This intro is a little longer than normal, so please hang with me. The word of the year for Return On Security is growth. To that end, I'm kicking off a few new things:
I'm launching a new curated job board
I'm giving away my most profitable digital product to all new subscribers (current ones got the drop last week)
I'm launching a referral program for the newsletter (details at the bottom of this email)
In case you missed it, I wrote a Year-End Review summarizing the progress made in 2021 and what I'm looking forward to in 2022. 2021 was a year of testing, growth, and fun and I'm grateful for all who subscribed to Security, Funded.
We've got a light start to 2022 funding this past week, but if 2022 is anything like 2021, we're going to be smashing records in no time. If you're wondering how December 2021 ended, check out the monthly Pro Report here.
💰 Summary
6 companies raised $150.4M
7 companies were acquired or had a merger event
🧩 By Category
$100.0M for Identity and Access Management (IAM)
$30.0M for IoT Security
$12.5M for Software Security
$5.0M for Risk Management
$2.9M for AI Security
An undisclosed amount for Data Protection
🗣 SPONSOR
Want to give back to the InfoSec community while having a low-key side hustle to fund your habit?
Join Wynter’s panels. Participate in messaging research, get paid for your feedback.
Super low-key commitment, 10-15 minutes per survey.
🔐 Secure The Job
If you're looking to break into cybersecurity or advance your career, check out the job board on Pallet, with curated, highly relevant roles picked for you.
Each week I sift through all the noise on the Internet for the best cybersecurity jobs so you don't have to. On the board, you'll find roles spanning a variety of startups, cybersecurity product companies, banks, Fintechs, and more!
If you want the role to be featured on Security, Funded, check out the "Featured" and "Premium" tiers.
🏢 By Company
HUMAN, a platform helping to defend against bot impersonation attacks, raised a $100.0M Private Equity Round.
Xage Security, a blockchain-protected security platform for the Industrial Internet of Things (IIoT), raised a $30.0M Series B.
Ockam, a developer platform for secure API connections, authentication, and cryptography, raised a $12.5M Series A.
FortifyData, a cyber risk management platform, raised a $5.0M Series A.
TrojAI, an artificial intelligence (AI) platform to help protect against cyber attacks, raised a $2.9M Seed.
QNu Labs, a quantum-safe cryptography platform, raised an undisclosed Venture Round.
🤝 Mergers & Acquisitions
Dyrand Systems, a professional services company, was acquired by Executech.
Quorum Cyber, a managed detection and response (MDR) platform, was acquired by Livingbridge.
Renna Partners, a consulting firm focused on cybersecurity for merger and acquisition support, was acquired by Crosslake Technologies.
SecurityTrails, an attack surface management platofrm, was acquired by Recorded Future.
Technology Resource Advisors, a professional services company, was acquired by ITsavvy.
True Digital Security, a professional services company focusing on cybersecurity and governance, was acquired by Cerberus Sentinel.
📚 Great Reads & Finds
Awesome Malware Analysis - A curated list of awesome malware analysis tools and resources.
Careful what you copy/paste - Prevent execution of commands accidentally pasting multi-line text in your terminal via niløx42.
A Web3 Scam - There's still a lot to be cautious of when it comes to Web3 transactions. The beauty of Web3 is that everything is tied to your wallet and identity, but if you authorize malicious transactions, you can unknowingly get your crypto wallets drained.
The Mac Malware of 2021 👾 - An in-depth technical analysis from Patrick Wardle of 2021’s new Mac malware, covering infection vectors, persistence mechanisms, payload capabilities, and samples for download.
Buy me a Coffee - coffee is the lifeblood that fuels the dreams of champions
NEW! Share it with a friend using the new Referral Program link below. Check out what you can score 👇
