Security, Funded #26 - Week of January 10, 2022

Hey there,

There year is still getting started for cybersecurity funding, but we're almost up to double the amount of funding from last week with a few surprising leaders. ✌️

As a reminder from the last issue, there were a few big announcements:

I launched a new curated job board
I'm giving away my most profitable digital product to all new subscribers
I launched a referral program for the newsletter with even more free stuff

💰 Summary

6 companies raised $260.4M
6 companies were acquired or had a merger event

🧩 By Category

$150.0M for Penetration Testing
$73.0M for Security Awareness
$25.0M for Privacy
$8.0M for Data Protection
$4.4M for Risk Management

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🔐 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!

Job Posters - If you want the role to be featured at the top of the list or in this newsletter, check out the "Featured" and "Premium" tiers. It's cheaper and more engaging than posting on other job sites or blasting into the void on LinkedIn.

🏢 By Company

Pentera, an automated security validation platform, raised a $150.0M Series C.
SoSafe, a cybersecurity awareness platform, raised a $73.0M Series B.
Mostly AI, a privacy-focused synthetic data platform, raised a $25.0M Series B.
Eureka Security, a cloud data security posture management platform, raised an $8.0M Seed.
KYND, a continuous risk management platform, raised a $4.4M Venture Round.
Cufflink, a data protection company that shards and encrypts data, raised an undisclosed Non-equity Assistance Round.

🤝 Mergers & Acquisitions

Cygilant, a managed services provider (MSP), was acquired by Silversky.
Dathena Science, an artificial intelligence (AI) powered data protection and data privacy platform, was acquired by Proofpoint.
Mocana, an Internet of Things (IoT) security platform, was acquired by DigiCert.
Pamafe IT, a professional services company focused on cybersecurity, was acquired by Ricoh Europe.
Tanker, an end-to-end cloud encryption platform, was acquired by Doctolib.
Totemo, a company focused on secure file transfer and email encryption, was acquired by Kiteworks.

📚 Great Reads & Finds

A First Hand Take on a Metaverse Meeting - Why one person says they’ll never take another meeting that’s not in the Metaverse.
Azure’s Terrible Security Posture Comes Home to Roost - An airing of the grievances from Corey Quinn on the security shortcomings of Microsoft's Azure cloud platform.
Securing GitHub Organizations - If your security team is concerned about supply chain risk, it’s a good idea to look at your GitHub settings.

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💰 Security, Funded #26