💰 Security, Funded #38

Good morning,

Or rather a good afternoon from across the pond! This week's issue comes to you live and direct from the UK while on vacation where I plan to have a few proper pints. 🍻🇬🇧

For the first time since starting this newsletter, the number of acquired companies is greater than the number of funded companies this week. 😳

Let's dive in.

💰 Summary

• 7 companies raised $188.4M across 7 unique product categories

• 11 companies were acquired or had a merger event for $2.5B

🧩 By Product Category

• $100.0M for Network Security

• $60.0M for Endpoint Protection

• $12.0M for API Security

• $7.0M for Security Awareness

• $6.0M for Security Analytics

• $3.4M for Payment Security

• An undisclosed amount for Cybersecurity Education & Training

🗣 SPONSOR

💡

Finding the next big thing in cybersecurity just got easier.Better data creates better outcomes.If you're using generic data sources to help you invest in cybersecurity, you're wasting money.- Incomplete records- Missing data- No company verification- Any company can say they do "cybersecurity"- Descriptions that make no senseTrends from Return on Security - Access curated cybersecurity funding, acquisition, investor, and product category trends to bring value to your customers and investments.

🏢 By Company

• Nord Security, a secure VPN platform (makers of the popular NordVPN), raised a $100.0M Venture Round from Novator and Burda Principal Investments.

• Coronet, an endpoint protection and risk prioritization platform, raised a $60.0M Series C from Balderton Capital.

• Corsha, an API security platform focusing on zero-trust machine-to-machine communications, raised a $12.0M Series A from Edge Ventures and TenEleven Ventures.

• Nudge Security, a security awareness and training platform focused on human psychology, raised a $7.0M Seed from Ballistic Ventures.

• SeeMetrics, a security analytics and reporting platform, raised a $6.0M Seed from 8VC.

• Trustap, a payment security platform, raised a $3.4M Seed from Middlegame Ventures.

• Malwation, a malware simulation platform for testing endpoint protection tools and threat hunting exercises, raised an undisclosed Seed.

🤝 Mergers & Acquisitions

• Pensando, a secure service edge computing platform, was acquired by AMD for $1.9B.

• Tufin, a firewall auditing and management platform, was acquired by Turn/River Capital for $570.0M.

• Truststream, a cybersecurity professional services firm, was acquired by SysGroup PLC for $10.4M.

• BLAUD, a mobile device management (MDM) and mobile threat protection platform, was acquired by CWSI for an undisclosed amount.

• CoreIP Solutions, a professional services consulting firm, was acquired by NTERSOL for an undisclosed amount.

• Cybraics, a security analytics platform, was acquired by Silversky for an undisclosed amount.

• Juniper Networks, a network security company, was acquired by Synopsys for an undisclosed amount.

• River Loop Security, an Internet of Things (IoT) security platform, was acquired by Two Six Technologies for an undisclosed amount.

• SimpleLogin, a privacy and security focused email platform, was acquired by ProtonMail for an undisclosed amount.

• Terranova Security, a company providing phishing, GDPR, and security awareness programs, was acquired by HelpSystems for an undisclosed amount.

• Weop Sensor Systems AB, a professional services company focused on national security, was acquired by AFRY 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

• Learning Blockchain Hacking - A guide to getting started with Blockchain hacking and auditing techniques.

• Personal Security Checklist - A curated checklist of tips to protect your digital security and privacy by Alicia Sykes.

• An Opinionated Guide to Scaling Your Company's Security - This is gold from Clint Gibler and one I refer to often - This talk distills the big, scalable, systematic wins that measurably improve a company’s security posture, aggregated from dozens of conference talks, blog posts, and in-person conversations I’ve had with security engineers at tens of companies.

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🧪 Labs

Seems legit, serious inquiries only plz