Good morning,
We've got more product category diversification this week on the funding front with IoT Security leading the way, a common theme if you remember how 2021 ended.
For the folks who aren't Pro Members, last week I sent out the latest cybersecurity product space trend report on the Attack Surface Management (ASM) category. This is a space you'll start to see a lot more funding and M&As in this year and one you'll want to understand better.
If you know someone who should sign up for this newsletter, send them your unique referral code (located at the bottom of this email).
💰 Summary
16 companies raised $356.3M across 11 unique product categories
5 companies were acquired or had a merger event
🧩 By Product Category
$123.0M for Internet of Things (IoT) Security
$68.0M for Extended Detection and Response (XDR)
$60.1M for Vulnerability Management
$37.7M for Attack Surface Management (ASM)
$24.6M for Data Protection
$22.0M for Network Security
$7.5M for Privacy
$7.0M for Software Security
$7.0M for Software Security
$4.4M for Managed Security Services Provider (MSSP)
$2.0M for Mobile Security
An undisclosed amount for Supply Chain Security
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🏢 By Company
SparkCognition, an AI platform aimed at protecting operational technology (OT) environments, raised a $123.0M Series D.
Hunters, a cloud-naive extended detection and response (XDR) platform, raised a $68.0M Series C.
HackerOne, a platform that connects businesses with penetration testers and cybersecurity researchers, raised a $49.0M Series E.
Censys, an attack surface management (ASM) platform, raised a $35.0M Series B.
Portnox, a network access control (NAC) platform, raised a $22.0M Series A.
PQShield, a company helping companies elevate their cryptography to quantum-safe standards, raised a $20.0M Series A.
Yogosha, a crowdsourced bug bounty platform, raised a $11.1M Series A.
Pimloc, a platform that protects sensitive or personal data in videos, raised a $7.5M Seed.
Scribe Security, a software supply chain security platform, raised a $7.0M Seed.
NVISIONx, a data classification and risk ranking platform, raised a $4.6M Seed.
AaDya Security, a managed security services provider (MSSP) focusing on small-to-mid-sized businesses (SMBs), raised a $3.1M Seed.
Saporo, an attack surface management (ASM) platform, raised a $2.7M Pre-Seed.
Springdel, a mobile device management (MDM) security platform, raised a $2.0M Seed.
ECSC Group, a managed security services provider (MSP), raised a $1.3M Post-Debt IPO.
BigID, a platform using machine learning and identity intelligence to protect customer and employee data, raised an undisclosed Venture Round.
Supply Wisdom, a third-party supply chain risk management and security platform, raised an undisclosed Venture Round.
🤝 Mergers & Acquisitions
InTWO, a cybersecurity managed services provider (MSP) focusing on Microsoft Azure, was acquired by DSD Business Systems.
Magalix, a cloud security company focusing on security-as-code (SaC), was acquired by Weaveworks.
Quadrant Information Security, a cybersecurity managed services provider (MSP), was acquired by Worklyn Partners.
Scott S. Perry CPA, a consulting company specializing in digital certificate authority audits, was acquired by Schellman & Company, LLC.
🔐 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!
Featured Jobs
r2c - Go be a Senior Security Researcher at one of the most forward-leaning application security companies out there at r2c. Apply here.
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.
📚 Great Reads & Finds
Security Engineering: Who is the Opponent? - A video lecture on an introduction to Security Engineering from Professor Ross Anderson from Cambridge University Computer Laboratory.
2022 Cybersecurity Conferences: A List - Who doesn't like a list?! Here's a rundown of online, in-person, and hybrid cybersecurity events this year.
The Cyber Plumber's Handbook- The definitive guide to Secure Shell (SSH) tunneling, port redirection, and bending traffic like a boss. This free book is packed with practical and real-world examples of SSH tunneling and port redirection in multiple realistic scenarios. From Brennon Thomas.
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