Let's secure this bread, family
Hey there,
I hope you had a great weekend and Happy Security Awareness Month!
In this week's issue:
Security Awareness Month
M&A still reigns supreme in cyber
The art of selling to cybersecurity people
We're in the final quarter of 2022.
Inflation continues to rise, public cybersecurity stocks continue to beat market averages, the war in Ukraine continues to evolve, and we're fast approaching mid-term elections in the US.
All of these events will continue to make a tumultuous cyber landscape. Here's some guidance from the CISA on how you can stay vigilant. 👊😤
Let's dive in.
Subscribe to Security, Funded
Know what and who is moving the cybersecurity.
📊 Market News
💰 Funding Summary
8 companies raised $114.1M across 6 unique product categories
5 companies were acquired or had a merger event across 5 unique product categories for $6.6M
🧩 Funding by Product Category
$51.8M for Distributed Ledger Technology (DLT) Security
$34.0M for Software Supply Chain Security
$10.0M for Continuous Compliance
$10.0M for Attack Surface Management (ASM)
$5.0M for Threat and Risk Prioritization
$3.3M for Secure Networking
$863.0K for Identity and Access Management (IAM)
🗣️ SPONSOR
🗣️
Featured Free Event: Fwd: Thinking. The Intelligent Security Summit (powered by Tessian)CISOs and industry experts are coming together on October 27th to discuss strategies for navigating an ever-changing threatscape, their secrets to building a strong security culture, and how to stop advanced email threats and demonstrate ROI at your organizations.Access the latest security insights from world-class speakers in just 2 hours. Don't miss out, register today.
🏢 Funding By Company
MPCH Labs, a cryptocurrency security platform for managing digital assets and wallets, raised a $40.0M Series A from Liberty City Ventures. (more)
Ox Security, a software supply chain security and risk management platform, raised a $34.0M Seed from Evolution Equity Partners,M12 - Microsoft's Venture Fund, andTeam8. (more)
Blowfish, a platform for detecting and preventing malicious Web3 wallet transactions, raised a $11.8M Seed from Paradigm. (more)
6clicks, an automated compliance and security platform, raised a $10.0M Series A from Centerstone Capital. (more)
Detectify, an attack surface management (ASM) platform, raised a $10.0M Venture Round from Insight Partners. (more)
Onyxia, a threat and risk prioritization platform, raised a $5.0M Seed from World Trade Ventures (WTV). (more)
SensePass, a secure wireless communications platform, raised a $3.3M Seed from Menara Ventures. (more)
heylogin, a password manager application, raised a $863.0K Pre-Seed from IBResearchand Mozilla.
🤝 Mergers & Acquisitions
IND Corporation, a managed services provider (MSP), was acquired by ReachOut Technology for $6.6M. (more)
Grey Monarch, a security monitoring platform for SAP deployments, was acquired by Pathlock for an undisclosed amount. (more)
Iridium Global, a managed security services provider (MSSP), was acquired by Focus Digital Technology Group for an undisclosed amount.
Specter Solutions, a blockchain security company, was acquired by Swan Bitcoin for an undisclosed amount. (more)
ZecOps, a mobile device security monitoring and response platform, was acquired by Jamf for an undisclosed amount. (more)
🔐 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 - Apply to my talent collective to get personally matched with high-growth, high-upside opportunities.
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.
📚 Great Reads
NSA shares guidance to help secure OT/ICS critical infrastructure - The joint advisory shares info on all the steps used by malicious actors to compromise IT-enabled OT and ICS assets which provide a larger attack surface and highlights measures security professionals can take to defend against them.
On the Art of Selling to Cybersecurity People - A primer to help sales people better prospect and sell cybersecurity products from a CISO's point of view.
What Lurks in the Shadows of Cloud Security? - Organizations looking to get ahead in cloud security have gone down the path of deploying CSPM tooling with good results. Still, there’s a clear picture that data security and security operations are the next key areas of interest.
You can see the full list of curated posts across all issues here, and you can submit an article, post, tweet, or video here and it can show up in the newsletter!
🧪 Labs
Illustrating security concepts: sure you have integrity and availability, but without confidentiality, does it really matter? pic.twitter.com/5se8Ptzsog— Jake Williams (@MalwareJake) September 24, 2022
👋 Thanks
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 and see you again next time!
Whenever you're ready, there are a few ways I can help you:
Cheers,
Mike P