Good morning,
Last week was a big volume week for funding and acquisitions alike. Also, for the second time, the company sponsoring today's newsletter has also raised a large funding round.
Is it a coincidence that companies who sponsor this newsletter raise large funding rounds and go on to take over their market?
I think not! 😎
Let's dive in.
Funding by product category
💰 Summary
15 companies raised $219.0M across 13 unique product categories
6 companies were acquired or had a merger event for $572.0M
🧩 By Product Category
$57.6M for Data Protection
$47.3M for Threat Intelligence
$27.0M for Attack Surface Management (ASM)
$25.0M for Privacy
$22.0M for Managed Security Services Provider (MSSP)
$20.0M for SaaS Security
$10.8M for Internet of Things (IoT) Security
$4.8M for Passwordless Authentication
$4.0M for Fraud Detection
$500.0K for Application Security
An undisclosed amount for Security Operations
An undisclosed amount for Professional Services
An undisclosed amount for Cloud Security
🗣 SPONSOR
💡
Webinar: The Ultimate IAM Comparison of the Top 3 Cloud Why it is so important – and not so hard, after all – to manage your cloud IAMThis session from Ermetic will offer an introduction to the IAM mechanisms available in the 3 cloud providers – AWS, Azure and GCP – through comparison between them, the concepts they employ and common pitfalls cloud admins should be aware of.
🏢 By Company
Cyera, a data security platform that identifies sensitive data in the cloud, raised a $56.0M Series A from Accel and Sequoia Capital.
ThreatBook, a threat intelligence platform, raised a $47.3M Series E from CDH Investments.
Cyberpion, an attack surface management (ASM) platform, raised a $27.0M Series A from U.S. Venture Partners.
Cloaked, a consumer-first privacy company that enables individuals to take control of their personal data, raised a $25.0M Series A from Human Capital and Lux Capital.
Electric, an IT and cybersecurity managed services provider (MSP), raised a $20.0M Series D from Harmonic Growth Partners.
Wing Security, a SaaS application security auditing and remediation platform, raised a $20.0M Series A from GGV Capital.
Teal Communications, an Internet of Things (IoT) security company focused on securing cellular-connected IoT devices, raised a $10.8M Series A from StageDotO and Stormbreaker Ventures.
tru.ID, a passwordless authentication platform leveraging mobile device SIM cards to prove identity, raised a $4.8M Seed from Sorenson Ventures.
Effectiv, a machine learning fraud detection platform, raised a $4.0M Seed from Accel, REV.
PKI Solutions, a managed security services provider (MSSP) focusing on managing identity and encryption systems, raised a $2.0M Debt Financing Round from Northwest Bank.
Vinchin, a virtual machine (VM) data protection and disaster recovery platform, raised a $1.6M Series A from Chengdu Venture Capital.
Polaris Infosec, a web application security platform, raised a $500.0K Seed from CyLon.
Ermetic, a cloud infrastructure security platform, raised an undisclosed Venture Round. (this week’s sponsor!)
QuoLab Technologies, a security operations platform that unifies threat intelligence and incident case management processes, raised an undisclosed Seed from TEDCO.
Truvantis, a professional services firm focused on cybersecurity, raised an undisclosed Corporate Round from Guidepost Solutions.
🤝 Mergers & Acquisitions
Zimperium, a mobile device security platform, was acquired by Liberty Strategic Capitalfor $525.0M.
CBI, a managed security services provider (MSSP), was acquired by Converge Technology Solutions for $47.0M.
Cryptshare, a secure file sharing and email platform, was acquired by Pointsharp for an undisclosed amount.
Gemini Risk Partners, a cyber insurance provider, was acquired by High Street Insurance Partners for an undisclosed amount.
Hysolate, an operating system (OS) isolation platform, was acquired by Perception Point for an undisclosed amount.
Resolver, a professional services firm focused on cybersecurity, was acquired by Kroll for an undisclosed amount.
🔐 Secure The Job
If you're looking for new opportunities (actively or passively), I've got two ways to help:
Return on Security Job Board - Browse the jobs I curate each week and apply for what matches your interests.
Return on Security Talent Collective - Join the talent collective to get personally matched with high-growth, high-upside opportunities. This is invite-only, curated by me, and you can set your profile to be public or anonymous.
Companies and hiring managers - if you’re looking to hire the best talent in Return on Security community, you can also sign-up here.
📚 Great Reads & Finds
Security Architecture News - Dmitry Raidman and Evgeniy Kharam have a great podcast focusing on Cyber Security Architecture! They did an intense covering of the SASE framework and Application Security, and they just started their newsletters.
Basic security for humans in 4 Fridays - A straightforward guide on how to set up your own basic personal security for things like password managers and MFA. This is for the regular, non-InfoSec people in your lives (also known as 'muggles' 🧙♂️).
Access Undenied on AWS - Ermetic launched a new open-source tool called "Access Undenied on AWS" that parses AWS AccessDenied CloudTrail events, explains the reasons for them, and offers actionable fixes.
🎉 Enjoying This Newsletter?
♥️
- Follow me on Twitter or LinkedIn- Share the newsletter with a friend or on social media- Support independent publishing
🧪 Labs
Bank security be like
My bank: 🏦: I need you to jump through security hurdles to keep your money safe.
Me: 🙋♀️: No problem! Cybersecurity is a process, not a destination!
Also My Bank: 🏦: Whoa, whoa, whoa. 21 digit password? Let's not get crazy. Also, I have never seen the character "&" in my life.— Brianna Wu (@BriannaWu) March 29, 2022