💰 Security, Funded #94 - Cyber Money is Bulking Up💪
A review of cybersecurity funding and industry news from the week of May 15th, 2023.
Happy Monday, and I hope you had a great weekend!
🎯 The Rundown
First DPSM company gets acquired
Meta gets a mega EU privacy fine
Montana tells TikTok to skedaddle
A quiet week for earnings
SMBs still struggling for cyber talent
Cyber funding gets physical
20 companies raised funding, 8 companies acquired
Onward to this week's issue.
Using anonymized data for development and testing environments has become standard practice. Unfortunately, much of that data can still be identified using linkage attacks.
Research shows 87% of Americans can be uniquely identified using only their zip code, gender, and date of birth. As applications continue collecting detailed personal information from consumers, re-identification becomes even more likely.
With simulated attacks, Privacy Dynamics helps CISOs quickly and easily monitor re-identification risk across their organization.
🔮 Earnings Reports 🆕
None to report on from last week, but I’ll be checking out the upcoming calls for Palo Alto, KnowBe4, ZeroFox, and Zscaler coming next week, so stay tuned!
Industry News Roundup
📅 YTD Funding
A rolling 12-week chart to compare funding each week between 2022 and 2023.
Funding got a huge boost this last week off the back of heavy investment in physical security, which often comes with large rounds. YTD funding is still down ~32%, and YoY funding is down ~37%, even with 20 investments last week.
💰 Funding Summary
20 companies raised $384.0M across 14 unique product categories
8 companies were acquired or had a merger event across 7 unique product categories for $63.5M
🧩 Funding By Product Category
$192.0M for Physical Security across 2 deals
$81.0M for Blockchain Security across 2 deals
$60.0M for Managed Detection and Response (MDR) across 1 deal
$23.5M for Software Supply Chain Security across 3 deals
$6.0M for Secure Remote Access across 1 deal
$6.0M for Data Protection across 1 deal
$6.0M for Cyber Insurance across 1 deal
$5.5M for Cybersecurity Education & Training across 1 deal
$4.0M for Managed Security Services Provider (MSSP) across 3 deals
An undisclosed amount for Secure Collaboration and Messaging across 1 deal
An undisclosed amount for Internet of Things (IoT) Security across 1 deal
An undisclosed amount for Identity and Access Management (IAM) across 1 deal
An undisclosed amount for Continuous Compliance across 1 deal
An undisclosed amount for Cloud Security Posture Management (CSPM) across 1 deal
🏢 Funding By Company
Auradine, a United States-based secure infrastructure for blockchain-based applications, raised $81.0M, a $71.0M Series A from Celesta Capitaland Mayfield Fund, and a $10.0M Debt Financing round. (more)
International Internet Security, a Canada-based managed security services provider (MSSP), raised an undisclosed Pre-Seed.
WingShield, a China-based Internet of Things (IoT) security platform, raised an undisclosed Corporate Round from Integrity Tech.
🌎 Funding By Country
$378.0M for United States across 13 deals 🇺🇸
$6.0M for Israel across 2 deals 🇮🇱
An undisclosed amount for China across 1 deal 🇨 🇰�🇨
An undisclosed amount for Ireland across 1 deal 🇮🇪
An undisclosed amount for Germany across 1 deal 🇩🇪
An undisclosed amount for Chile across 1 deal 🇨🇱
An undisclosed amount for Canada across 1 deal 🇨🇦
🤝 Mergers & Acquisitions
📚 Great Reads
The AI Attack Surface Map v1.0 - My friend Daniel Miessler created an awesome resource framework for thinking about how to attack AI systems. Super helpful context on how to think about attacks against AI systems and LLMs. This is groundbreaking stuff here.
The History and Risks of the “.zip” TLD from Google - A history and a breakdown of “.zip” top-level domain (TLD) from Google and what it means from an attacker’s perspective.
BSidesSF 2023 Conference Playlist - Check out all of the recorded talks from this year's BSidesSF 2023 conference.
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