💰Security, Funded #56 - The "SaaSacre" and cloud trends, a summary of market movers in July, and why SSH keys alone won't cut it anymore
I hope you had a great weekend!
If you got the chance to attend BlackHat or DEF CON (Hacker Summer Camp) last week, I hope you had an amazing and safe time!
We've got one of the smallest weeks of the year to date in terms of overall funding amounts (from public data sources), but there continues to be a trend on betting on the data.
SaaS security and an up-and-coming category, Data Security Posture Management (DSPM) – think next gen data loss prevention, data classification, and CASB rolled into one – are making waves this year.
Let's dive in.
11 companies raised $97.4M across 10 unique product categories
4 companies were acquired or had a merger event
🧩 By Product Category
$40.0M for Data Security Posture Management (DSPM)
$24.6M for Secure Collaboration and Messaging
$16.0M for SaaS Security
$6.0M for Privacy
$4.5M for Attack Surface Management (ASM)
$4.0M for Secure Remote Access
$2.3M for Email Security
An undisclosed amount for Threat Intelligence
An undisclosed amount for Managed Services Provider (MSP)
An undisclosed amount for Internet of Things (IoT) Security
Webinar: Why You Need to Ditch Passwords, Private Keys, and All Other Forms of SecretsStill using private SSH keys, API tokens, cookies, and passwords?Join Teleport on August 18 at 10:00 am PST for a webinar in which they cover why all forms of secrets for accessing computing infrastructure are bad for you and your business, and why MFA is not good enough. Save your spot for this week!
🏢 By Company
🤝 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 - If you're open to hearing about new opportunities, apply to my talent collective to get personally matched with high-growth, high-upside opportunities. You can join publicly or anonymously, and leave anytime. And it's completely free for candidates.
Are you hiring? Post a role or request access to start meeting world class candidates open to new opportunities. Learn more or request access here.
📆 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
Infosec Startup Buzzword Bingo: 2022 Edition - Kelly Shortridge surveyed 100 infosec companies’ websites, the vast majority of which are startups who raised VC funding in the past nine to twelve months.
State of the Cloud 2022 - Bessemer Venture Partners uncovers the year’s top trends and insights in the global cloud economy, including how the model is only getting better, and why being a "Centaur" is the new milestone to celebrate.
Cybersecurity Funding Review - July 2022 - Cybersecurity Funding Review - I take a lookback at what moved the cybersecurity market in July 2022 by the numbers with my own anecdotes.
The read receipts are coming from inside the app! 😱
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Thanks for reading!