This is the third issue of the Pro Reports roll-up series for the Security, Funded newsletter.
Let's dive in.
Overall
42 companies raised $2.4B (⬆️ from $680.9Min August 2021)
By Industry
Most funding again did not favor a specific industry, but growth in critical infrastructure and autonomous vehicles continues to climb month-over-month.
Funding by industry
$1.9B was Industry Agnostic ( ⬆️ from $444.0M in August 2021)
$333.0M for Insurance (⬆️ from $17.0M in August 2021)
$20.0M for Connected and Automated Vehicles (CAVs) (⬇️ from $62.0M in August 2021)
$7.0M for Critical Infrastructure and Energy (⬇️ from $30.0M in August 2021)
By Category
Software Security, Identity and Access Management (IAM), and Cyber Insurance lead the way in funding this month.
Top 5 funded product categories
$635.0M for Software Security
$343.0M for Identity and Access Management
$333.0M for Cyber Insurance
$250.0M for Third-Party Risk
$230.1M for Cloud Security
$120.0M for Data Protection
$82.6M for Privacy
$80.0M for Zero Trust
$75.0M for Network Security
$62.5M for Third-Party Security
$27.0M for Threat Detection
$27.0M for IoT Security
$20.0M for Connected Vehicle Security
$17.0M for Security Awareness
$15.0M for Internet Security
$12.4M for Threat Intelligence
$8.1M for Firmware Security
$8.0M for Continuous Compliance
$5.0M for Confidential Computing
$4.1M for Governance Risk and Compliance
An undisclosed amount for Cybersecurity Education
By Lead Investor
The top 5 lead investors or investor teams.
$530.0M - Sands Capital, Tiger Global Management
$250.0M - Moody's Investors Service
$205.0M - Durable Capital Partners
$200.0M - TCV
$159.0M - Sapphire Ventures
Most Potential
The companies that I'm the most excited about this month and the ones I think have the most potential to disrupt or take a big market share.
By Company
Snyk, a developer security platform for securing code, raised $605.0M in two different Series F rounds.
BitSight, a platform that rates companies' security programs and effectiveness, raised a $250.0M Venture Round.
Coalition, a cyber insurance company, raised a $205.0M Series E.
Aviatrix, a multi-cloud network platform that provides security and operational visibility, raised a $200.0M Series E.
JumpCloud, a cloud directory platform that unifies disparate IT resources at companies, raised a $159.0M Series F.
Saviynt, an intelligent identity and access governance solution for cloud applications, raised a $130.0M Private Equity.
Envelop Risk, a global specialty cyber and emerging risk underwriting firm, raised a $128.0M Series B.
Corelight, a network traffic analysis (NTA) platform, raised a $75.0M Series D.
Rewind, a backup solution for SaaS data, raised a $65.0M Series B.
StrongDM, an infrastructure access and auditing platform, raised a $54.0M Series B.
Datacloak, a zero trust data security platform, raised a $50.0M Series B.
Panorays, a platform that automates the third-party security process, raised a $42.0M Series B.
Tonic, a platform that mimics production data to create de-identified data for QA, testing, and development, raised a $35.0M Series B.
TrueFort, a zero trust cloud application workload security platform, raised a $30.0M Series B.
Rezilion, an autonomous cloud workload protection platform, raised a $30.0M Series A.
Sternum, an endpoint security solution for IoT devices, raised a $27.0M Series B.
Relyance AI, a privacy and data governance solution allowing for collaboration of data protection and compliance efforts, raised a $5.0M Seed and $25.0M Series A.
SecZetta, a provider of third-party identity risk services, raised a $20.5M Series B.
Stairwell, a cybersecurity company that offers a platform for threat hunting, detection, and response, raised a $20.0M Series A.
SenseOn, a self-driving cyber defense platform, raised a $20.0M Series A.
Satori Cyber, a continuous visibility and mapping platform for data flows and data stores, raised a $20.0M Series A.
Ketch, a data control platform that manages compliance with privacy regulations, raised a $20.0M Series A.
Kolide, a user-focused endpoint security platform for teams that Slack, raised a $17.0M Series B.
Borneo, a real-time data security and privacy observability platform for security practitioners, raised a $15.5M Series A.
Jscrambler, a client-side security solution for JavaScript protection and webpage real-time monitoring, raised a $15.0M Series A.
DeepFactor, a platform for observing application telemetry events for shipping secure code, raised a $15.0M Series A.
Cloudsmith, a continuous AppSec observability platform, raised a $15.0M Series A.
Osano, a data privacy platform that instantly helps a website become compliant with laws such as GDPR and CCP, raised an $11.0M Series A.
S2W, a company specializing in cybersecurity data analysis for cyber threat intelligence, raised a $10.0M Series B.
Exein, a firmware-focused cybersecurity startup, raised an $8.1M Series A.
Strike Graph, a compliance SaaS solution simplifying security certifications such as SOC 2 Type I/II, raised an $8.0M Series A.
Cynamics, a network monitoring solution built for smart city and critical infrastructure networks, raised a $7.0M Venture Round.
Profian, a confidential computing platform focused on bespoke open source solutions, raised a $5.0M Seed.
Hicomply, a governance, risk, and compliance (GRC) platform helping companies manage security and data privacy programs, raised a $4.1M Venture Round.
Private AI, a privacy-preserving machine learning and natural language processing tools for GDPR compliance, raised a $3.2M Seed.
Dataships, a data privacy software and services company, specializing in automating GDPR and CCPA compliance, raised a $2.9M Seed.
4Securitas, a platform focused on stopping cyber threats at the pre-attack phase, raised a $2.4M Seed.
Oatfin, a cloud infrastructure automation and cloud security platform, raised a $100.0K Pre-Seed.
YUANBAO TECH, a network security company, raised an undisclosed amount on a Series B round.
Intel 471, a cybersecurity and cybercrime threat intelligence platform, raised an undisclosed amount on a Private Equity round.
Inpher.io, a secret computing technology for privacy-preserving machine learning and AI, raised an undisclosed amount Venture Round.
EC-Council, an education organization specializing in cybersecurity certifications, raised an undisclosed amount Private Equity.