- Return on Security
- 💰 Security, Funded #76 - A Slow Start, Secure Defaults, and The (In)Secure Year That Was for Blockchain
💰 Security, Funded #76 - A Slow Start, Secure Defaults, and The (In)Secure Year That Was for Blockchain
I hope you had a great weekend!
In this week's issue:
A Slow Start
The (In)Secure Year That Was for Blockchain
This will be a short opener this week as it is a slow and predictable start to the new year. Funding is much less than last week, but that's no surprise. Deal flow is just waking up, and companies are taking a (financial) pulse of how they feel.
The Consumer Price Index (CPI) report dropped last week, more tech layoffs are happening, and hiring freezes all around has everyone in the economy collectively holding their breath.
Onward to this week's issue.
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📊 Industry News
💰 Funding Summary
7 companies raised $80.9M across 7 unique product categories
7 companies were acquired or had a merger event across 6 unique product categories
🧩 Funding by Product Category
$55.0M for Cybersecurity Education & Training
$16.4M for Secure Collaboration and Messaging
$9.0M for Third-Party Risk Management
$250.0K for Distributed Ledger Technology (DLT) Security
$246.6K for Managed Security Services Provider (MSSP)
An undisclosed amount for Internet of Things (IoT) Security
An undisclosed amount for Application Security Testing (AST)
🏢 Funding By Company
Censinet, a United States-based healthcare-focused third-party risk assessment platform, raised a $9.0M Venture Round from Ballad Ventures, MemorialCare Innovation Fund, andRex Health Ventures. (more)
CyDeploy, a United States-based virtual testing platform for measuring the impact of security scanning, patches, and changes, raised an undisclosed Non-Equity Assistance from Techstars Equitech Accelerator.
🌎 Funding By Country
$55.0M for United Kingdom 🇬🇧
$25.4M for United States 🇺🇸
$250.0K for India 🇮🇳
$246.6K for Italy 🇮🇹
An undisclosed amount for China 🇨🇳
🤝 Mergers & Acquisitions
Don't forget, if you've been following along for a while, I've spun off the jobs section that was previously in this newsletter and made it a separate newsletter that you can find here:
📚 Great Reads
Investing in cybersecurity: a deep look at the challenges, opportunities, and tools for cyber-focused VCs - An amazing guest post from Ross Haleliuk from Venture in Security.
2022 Blockchain Security and AML Analysis Annual Report - This report closely examines the major events and common attack techniques in the blockchain industry in 2022. (h/t @securitypills)
Who should make cyber risk management decisions? - This post talks about the logistics and mechanics of who should make cyber risk decisions and how to record and communicate them.
Take PII Out of Dev+Test EnvironmentsAn alternative to restrictive data governancePrivacy Dynamics knows developers and engineers want the latest and greatest production data in their preview environments, but we also understand why security and regulatory leaders lose sleep over it. In our latest blog article, we review new requirements under CPRA and present an alternative to restrictive access controls that risk slowing down your engineers.Read the Article
🤔 Have questions, comments, or feedback? I'd love to hear from you!
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