💰Security, Funded #55 - Thoma Bravo is at it again, another browser isolation company hits it big, and the first cyber IPO of 2022
I hope you had a great weekend!
ZeroFox is the first cybersecurity company to go public in 2022 after it completed the acquisition of IDX, a consumer privacy company. Last year cybersecurity companies had a breakout year, and while this year has started very differently than 2021, there are still big bets being made in the cybersecurity space.
Let's dive in.
13 companies raised $291.2M across 10 unique product categories
6 companies were acquired or had a merger event for $2.8B
🧩 By Product Category
$100.0M for Remote Browser Isolation
$61.2M for Identity Verification
$32.0M for Data Security Posture Management (DSPM)
$25.0M for Cybersecurity Education & Training
$23.0M for Managed Security Services Provider (MSSP)
$20.0M for Continuous Compliance
$15.0M for Application Security
$8.0M for Threat Intelligence
$7.0M for Secure Collaboration and Messaging
An undisclosed amount for Secure Networking
Event: Opkalla Tech Summit 2022Featuring keynote speaker Greg van der GaastDon’t miss out on October 6! Opkalla's Tech Summit, with a focus on cybersecurity, is happening at the U.S. National Whitewater Center in Charlotte. Expect half a day of cutting edge discussions centered around cybersecurity, with the second half reserved for enjoying all the outdoor adventures the Whitewater Center has to offer. This event is for you if you manage or execute on cybersecurity initiatives within your organization.Register here with code SecurityFunded for half off your ticket.
🏢 By Company
Comm Technologies, an encrypted chat platform for Web3 applications, raised a $7.0M Venture Round.
Footprint, a customer identity verification platform, raised an undisclosed Seed.
🤝 Mergers & Acquisitions
🔐 Secure The Job
If you're looking for new opportunities (actively or passively), I've got two ways to help:
Are you currently hiring or looking to hire soon? Post standard jobs for FREE or upgrade to a Featured tier to really stand out and hire the best talent from the Return on Security community.
📆 Special Events
DataTribe Challenge 2022What could your company do with $2 Million?The DataTribe Challenge is a unique annual competition that brings together the best entrepreneurs in the world looking to disrupt cybersecurity and data science. DataTribe selects three finalists that split $20,000 in prize money and one winner that could receive up to $2 million in seed capital.Enter your submission.
📚 Great Reads & Finds
Amazon Ring gave police data without user consent - Amazon finally admits giving cops Ring doorbell data without user consent and it's happened 11 times (that we know of) already in 2022.
The Consumer Authentication Strength Maturity Model (CASMM) - A visual guide on how to measure the strengths and gaps of the consumer/customer authentication models.
🎵 Too bad that you couldn't seeSee the [company] that [startup] could beThere is more that meets the eyeI see the [competitive edge] that is inside 🎵
🎉 Enjoying This Newsletter?
Have questions, comments, or feedback about this issue? I'd love to hear from you.
Reach out on Twitter or reply directly to the newsletter version of this issue.
Thanks for reading!