Good morning,
Funding doubled from last week showing that venture capital investment in this space is not slowing doing for long despite broader economic factors at play.
Let's dive in.
Funding by product category
💰 Summary
15 companies raised $405.3M across 11 unique product categories
2 companies were acquired or had a merger event
🧩 By Product Category
$150.0M for Data Protection
$115.0M for Remote Browser Isolation
$45.0M for Cloud Security
$25.0M for Privacy
$21.0M for Application Security
$20.0M for Threat & Vulnerability Management (TVM)
$16.0M for Identity and Access Management (IAM)
$5.3M for Threat Intelligence
$5.0M for Privileged Access Management (PAM)
$3.0M for Security Operations
An undisclosed amount for Anti-Bot
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🏢 By Company
Island, a secure remote browser isolation platform, raised a $115.0M Series B from Insight Partners.
TokenEx, a data tokenization platform for offloading sensitive data for third-party partners, raised a $100.0M Series B from K1 Investment Management.
Theta Lake, a data protection and compliance platform for universal collaboration platforms like Slack, Zoom, and WebEx, raised a $50.0M Series B from Battery Ventures.
MixMode, a cloud security anomaly detection platform, raised a $45.0M Series B from PSG.
D-ID, a facial image de-identification platform, raised a $25.0M Series B from Macquarie Capital.
ForAllSecure, an automated application security testing platform, raised a $21.0M Series B from Koch Disruptive Technologies.
Nucleus Security, an automated threat and vulnerability remediation platform, raised a $20.0M Series B from Lead Edge Capital.
Clear Skye, an identity and access management (IAM) lifecycle management and governance platform, raised a $14.0M Series A from Storm Ventures.
Apono, a privileged access management (PAM) platform for cloud services, raised a $5.0M Seed from Meron Capital.
ThreatBlockr, a threat intelligence platform that integrates into your firewalls and SOAR platforms to block news threats, raised a $5.0M Series A from Gula Tech Adventures.
AgileBlue, a SOC-as-a-Service company, raised a $3.0M Preferred Round from Tribeca Early Stage Partners.
Secfense, a platform that learns user authentication flows and helps enforce multi-factor authentication (MFA) and zero-trust principles, raised a $2.0M Venture Round from Bartosz Dobrzyński.
Threat Jammer, a threat intelligence API service, raised a $330.0K Pre-Seed.
F8th, a customer authentication platform that protects against bot identity attacks, raised an undisclosed Grant from Google Cloud Accelerator Canada.
SandboxAQ, a post-quantum cryptography (PQC) sandbox platform spun out from Alphabet (Google), raised an undisclosed Venture Round from Breyer Capital.
🤝 Mergers & Acquisitions
Choice Cybersecurity, a managed services provider (MSP) focused on compliance and cybersecurity, was acquired by Pye-Barker Fire & Safetyfor an undisclosed amount.
Meridian Network Services, a managed services provider (MSP) focused on cybersecurity for SMBs, was acquired by Upstack for an undisclosed amount.
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📅 Events
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2022 Blu Cyber Summit and Cyber Tank Pitch CompetitionNetwork with investors, founders, and the cyber startup community and apply to pitch live on stage for a shot at up to a $250K investment.The 2022 Blu Cyber Summit, now in its fourth year, is a premier cybersecurity startup event on the East Coast. The event – which takes place on May 10-11 in North Bethesda, MD, just outside of Washington, DC – brings together startups, investors, CISOs, and cybersecurity professionals for the primary purpose of opening doors for the next deal, whether that be your next sale, your next fundraise, an exit, or anything in between.As a partner of Blu Ventures, we are happy to provide our readers with a 10% discount code for the event, 'SecFun22'. P.S. I'll be there, so let's meet up!You can learn more and get your tickets here: www.blucybersummit.com.
📚 Great Reads & Finds
Startups - Avoid these Mistakes when Scaling your Compliance Program - guidance on how to scale your program or remain compliant without getting observations as your company grows.
The Cybersecurity Industry has 53 Unicorns. - Here are 10 to watch - at least one of these companies has even sponsored the Security, Funded newsletter. I'm not saying that your company will become a unicorn if you sponsor this newsletter, but I'm not NOT saying that either. 👀
Don’t Throw Too Much Shade on Okta - A lot of tools have admin access to a lot of things on your network and could easily become attack vectors. Let’s not jump too quickly to blame.
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🧪 Labs
The original NFTs just [fit] different.
clothes are just NFTs for IRL— Turner Novak 🍌🧢🇺🇦 (@TurnerNovak) March 21, 2022
Did I also make an NFT about a person asking me how to make an NFT? Maybe
(this is a satire Twitter account and this NFT was just made for fun, but yes you can actually buy it 👀)