๐Ÿ’ฐ Security, Funded #37

The Security, Funded newsletter issue #37 - Cybersecurity funding and M&A news from the week of March 28th, 2022.

Mike P
Mike P

Table of Contents

Good morning,

Last week was a big volume week for funding and acquisitions alike. Also, for the second time, the company sponsoring today's newsletter has also raised a large funding round.

Is it a coincidence that companies who sponsor this newsletter raise large funding rounds and go on to take over their market?

I think not! ๐Ÿ˜Ž

Let's dive in.


Funding by product category

๐Ÿ’ฐ Summary

  • 15 companies raised $219.0M across 13 unique product categories
  • 6 companies were acquired or had a merger event for $572.0M

๐Ÿงฉ By Product Category

  • $57.6M for Data Protection
  • $47.3M for Threat Intelligence
  • $27.0M for Attack Surface Management (ASM)
  • $25.0M for Privacy
  • $22.0M for Managed Security Services Provider (MSSP)
  • $20.0M for SaaS Security
  • $10.8M for Internet of Things (IoT) Security
  • $4.8M for Passwordless Authentication
  • $4.0M for Fraud Detection
  • $500.0K for Application Security
  • An undisclosed amount for Security Operations
  • An undisclosed amount for Professional Services
  • An undisclosed amount for Cloud Security

๐Ÿ—ฃ SPONSOR

๐Ÿ’ก
Webinar: The Ultimate IAM Comparison of the Top 3 Cloud

Why it is so important โ€“ and not so hard, after all โ€“ to manage your cloud IAM

This session from Ermetic will offer an introduction to the IAM mechanisms available in the 3 cloud providers โ€“ AWS, Azure and GCP โ€“ through comparison between them, the concepts they employ and common pitfalls cloud admins should be aware of.

๐Ÿข By Company

  • Cyera, a data security platform that identifies sensitive data in the cloud, raised a $56.0M Series A from Accel and Sequoia Capital.
  • ThreatBook, a threat intelligence platform, raised a $47.3M Series E from CDH Investments.
  • Cyberpion, an attack surface management (ASM) platform, raised a $27.0M Series A from U.S. Venture Partners.
  • Cloaked, a consumer-first privacy company that enables individuals to take control of their personal data, raised a $25.0M Series A from Human Capital and Lux Capital.
  • Electric, an IT and cybersecurity managed services provider (MSP), raised a $20.0M Series D from Harmonic Growth Partners.
  • Wing Security, a SaaS application security auditing and remediation platform, raised a $20.0M Series A from GGV Capital.
  • Teal Communications, an Internet of Things (IoT) security company focused on securing cellular-connected IoT devices, raised a $10.8M Series A from StageDotO and Stormbreaker Ventures.
  • tru.ID, a passwordless authentication platform leveraging mobile device SIM cards to prove identity, raised a $4.8M Seed from Sorenson Ventures.
  • Effectiv, a machine learning fraud detection platform, raised a $4.0M Seed from Accel, REV.
  • PKI Solutions, a managed security services provider (MSSP) focusing on managing identity and encryption systems, raised a $2.0M Debt Financing Round from Northwest Bank.
  • Vinchin, a virtual machine (VM) data protection and disaster recovery platform, raised a $1.6M Series A from Chengdu Venture Capital.
  • Polaris Infosec, a web application security platform, raised a $500.0K Seed from CyLon.
  • Ermetic, a cloud infrastructure security platform, raised an undisclosed Venture Round. (this weekโ€™s sponsor!)
  • QuoLab Technologies, a security operations platform that unifies threat intelligence and incident case management processes, raised an undisclosed Seed from TEDCO.
  • Truvantis, a professional services firm focused on cybersecurity, raised an undisclosed Corporate Round from Guidepost Solutions.

๐Ÿค Mergers & Acquisitions


๐Ÿ” 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 - Join the talent collective to get personally matched with high-growth, high-upside opportunities. This is invite-only, curated by me, and you can set your profile to be public or anonymous.

Companies and hiring managers - if youโ€™re looking to hire the best talent in Return on Security community, you can also sign-up here.


๐Ÿ“š Great Reads & Finds

  • Security Architecture News - Dmitry Raidman and Evgeniy Kharam have a great podcast focusing on Cyber Security Architecture! They did an intense covering of the SASE framework and Application Security, and they just started their newsletters.
  • Basic security for humans in 4 Fridays - A straightforward guide on how to set up your own basic personal security for things like password managers and MFA. This is for the regular, non-InfoSec people in your lives (also known as 'muggles' ๐Ÿง™โ€โ™‚๏ธ).
  • Access Undenied on AWS - Ermetic launched a new open-source tool called "Access Undenied on AWS" that parses AWS AccessDenied CloudTrail events, explains the reasons for them, and offers actionable fixes.

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