💰 Security, Funded #41

Good  morning,

I hope you had a great weekend!

Another big week for funding and M&As in the cybersecurity space plus a new referral program with new rewards for the newsletter drops today.

FYI -  To the folks who have already hit a tier or two on the last scale, be on the lookout for me to email you directly for your new rewards. 😎

Let's stack this 🧀, fam.

Funding by product category

💰 Summary

  • 16 companies raised $741.6M across 11 unique product categories

  • 6 companies were acquired or had a merger event for $375.0M

🧩 By Product Category

  • $412.0M for Application Security

  • $174.0M for Data Protection

  • $45.0M for Threat Intelligence

  • $30.0M for Cloud Workload Protection Platform (CWPP)

  • $27.0M for Internet Security

  • $22.5M for Threat & Vulnerability Management (TVM)

  • $20.0M for Endpoint Protection

  • $10.0M for Breach & Attack Simulation (BAS)

  • $1.1M for Privacy

  • An undisclosed amount for Secure Networking

  • An undisclosed amount for Professional Services



Finding the next big thing in cybersecurity just got easier.Access niche cybersecurity funding and product category trends to bring value to your customers and investments.✌️ Goodbye generic data.👋 Hello curated, high-signal data.Find your next alpha.

🏢 By Company

  • SonarSource, a code quality and code security developer tool, raised a $412.0M Venture Round from Advent International, General Catalyst.

  • Veza, a data protection platform focused on identity and authorization, raised a $110.0M Series C from Accel.

  • Strider, a threat intelligence platform for cyber espionage threats, raised a $45.0M Series B from Valor Equity Partners.

  • ARMO, a Kubernetes cloud workload protection platform (CWPP), raised a $30.0M Series A from Tiger Global Management.

  • Source Defense, a platform for protecting against automated attacks and client-side threats, raised a $27.0M Series B from Springtide Ventures.

  • Enveil, a data protection platform that allows for searching of encrypted data-in-use, raised a $25.0M Series B from USAA.

  • intigriti, a bug bounty platform, raised a $22.0M Series B from Octopus Ventures.

  • Doppler, an API secrets management platform, raised a $20.0M Series A from CRV.

  • Fleet Device Management, a mobile device management (MDM) platform for employee laptops and cloud servers, raised a $20.0M Series A from CRV.

  • Smallstep, an open-source toolkit to automate TLS certificate administration, raised a $19.0M Series A from StepStone Group.

  • MazeBolt Technologies, a Distributed Denial of Service (DDoS) attack simulation platform, raised a $10.0M Venture Round from Unknown.

  • Rita Personal Data, a consumer data privacy service, raised a $1.1M Pre-Seed from Pitchdrive.

  • RedRays, a threat and vulnerability detection platform for SAP systems, raised a $500.0K Corporate Round from Unknown.

  • Beacon Global Strategies, a professional services firm specializing in international policy, defense, cybersecurity, and intelligence., raised an undisclosed Private Equity Round from ICV Partners.

  • Internxt, a secure cloud storage platform, raised an undisclosed Corporate Round from Unknown.

  • WiJungle, a secure networking platform, raised an undisclosed Seed from Unknown.

🤝 Mergers & Acquisitions

🔐 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.

Search firms, recruiters, and hiring managers - hire the best talent from the Return on Security community by signing up here.

📚 Great Reads & Finds

🧪 Labs

IYKYK - Somebody please make an Instagram channel of just cleaning up told tech.

 I was there, Gandalf. I was there 3000 years ago pic.twitter.com/ok0ej4wHJP— Jen Gentleman 🌺 (@JenMsft) April 14, 2022 

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👋 Thanks

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Thanks for reading!


Mike P


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