💰 Security, Funded #46

Good  morning,

I hope you had a great weekend!

Today's issue is packed full of new funding and M&A events compared to the last few weeks. If you've been following this space for a while, it's probably no surprise that much of these events occur right before the RSA and Gartner conferences occurring this week.

I still expect many companies to save some events for this week, however, and we might see several companies come out of stealth mode as well. 🥷

To all the folks at the RSA Conference this week, be on the lookout for me because I've got Security, Funded Stickers with me.

 Going to be passing these out at @RSAConference this week#securityfunded https://t.co/Ou2uao6hcR— Mike Privette (@mikepsecuritee) June 5, 2022 

Let's dive in.

Funding by product category

💰 Summary

  • 17 companies raised $564.3M across 15 unique product categories

  • 8 companies were acquired or had a merger event for $184.0M

🧩 By Product Category

  • $100.0M for Security Analytics

  • $100.0M for Secure Access Service Edge (SASE)

  • $70.0M for Attack Surface Management (ASM)

  • $50.0M for Software Supply Chain Security

  • $40.0M for Security Awareness

  • $40.0M for Internet of Things (IoT) Security

  • $32.0M for Security Orchestration and Automated Response (SOAR)

  • $30.0M for Secure Collaboration and Messaging

  • $30.0M for Email Security

  • $30.0M for Data Loss Prevention (DLP)

  • $15.5M for Passwordless Authentication

  • $11.7M for Application Security

  • $10.0M for Professional Services

  • $4.0M for Personal Cybersecurity

  • $1.1M for Managed Services Provider (MSP)


Sunday - Security Just Got PersonalProtecting executive teams beyond the enterprise perimeterMaking the Case for Digital Identity Protection as an Enterprise Control - In this whitepaper, we explain the new types of digital identity risks that have recently emerged, with emphasis on the consequences of executives and key personnel becoming compromised.

🏢 By Company

🤝 Mergers & Acquisitions

  • Digital Shadows, a threat intelligence platform, was acquired by ReliaQuest for $160.0M.

  • Logixx Security, a professional services firm that focuses on cyber and physical security, was acquired by SSC Security Services for $24.0M.

  • Creatrix, an identity management platform that produces hardware authentication products, was acquired by Cerberus Sentinel for an undisclosed amount.

  • LightPoint, a managed services provider (MSP), was acquired by Meriplex for an undisclosed amount.

  • Netsurion, a managed security services provider (MSSP) focused on threat detection and secure edge access, was acquired by Acumera for an undisclosed amount.

  • NewAE Technology, an embedded hardware security company, was acquired by lowRISC for an undisclosed amount.

  • SaferPass, an identity and password manager platform, was acquired by Lookout for an undisclosed amount.

  • Wootcloud, an Internet of Things (IoT) security company, was acquired by Netskope 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.

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

📚 Great Reads & Finds

  • Building a Data Perimeter on AWS - Many organizations want to implement perimeter controls to help protect against unintended access and configuration errors through always-on guardrails. This paper outlines the best practices and available services for creating a perimeter around your identities, resources, and networks in AWS.

  • What IS A vCISO??? - With all the hype on social media about becoming a vCISO, here's an account of what a vCISO is and what kind of work they do from someone who actively lives it.

  • Starting a Cybersecurity Consulting Business is Easy - A blog post on the challenges I faced when I started my first vCISO cybersecurity consulting business and how I overcame them.

🧪 Labs

This isn't the hero we need, it's the hero we deserve.

 i’m crying pic.twitter.com/QTAJ5rF3mE— metal.txt (@metaltxt) May 26, 2022 

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👋 Thanks

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Thanks for reading!


Mike P

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