๐Ÿ’ฐ Security, Funded #43

The Security, Funded newsletter issue #43 - Cybersecurity funding and M&A news from the week of May 9th, 2022.

Mike P
Mike P

Table of Contents

Good ย morning,

Last week I got to spend time at the Blu Cyber Summit and meet some friends, both old and new. Some people I had been talking to online for 2-3 years and just now got to meet in real life!

I also got the chance to see some up-and-coming cybersecurity companies and hear about the funding landscape as a whole, which was really fun for me. ๐Ÿค“

Big shout out to the Blu Ventures team for putting on this well-done event! ๐Ÿ‘

Email Security led the way with two investments making up over 50% of last week's total, with DFIR taking a commanding second place.

Let's dive in.


Funding by product category

๐Ÿ’ฐ Summary

  • 16 companies raised $615.3M across 11 unique product categories
  • 3 companies were acquired or had a merger event

๐Ÿงฉ By Product Category

  • $310.0M for Email Security
  • $170.0M for Digital Forensics and Incident Response (DFIR)
  • $47.7M for Secure Messaging
  • $35.6M for Data Protection
  • $20.7M for Application Security
  • $8.5M for Internet of Things (IoT) Security
  • $6.0M for Security Operations
  • $5.8M for Identity and Access Management (IAM)
  • $4.6M for Software Supply Chain Security
  • $4.0M for Personal Cybersecurity
  • $2.5M for Privacy

๐Ÿ—ฃ SPONSOR

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๐Ÿข By Company

  • Abnormal Security, an email security company, raised a $210.0M Series C from Insight Partners.
  • Chainalysis, a crypto and blockchain investigation and forensics firm, raised a $170.0M Series F from GIC.
  • Material Security, a platform that protects email accounts even after theyโ€™re compromised or harmful messages get through, raised a $100.0M Series C from Andreessen Horowitz.
  • VIDA, a digital signature and secure messaging platform, raised a $47.7M Series A from Hedosophia.
  • Casa, a Bitcoin secure key management platform, raised a $21.0M Series A from Acrew Capital, Positive Sum Ventures, and Naval Ravikant.
  • StackHawk, an application security platform, raised a $20.7M Series B from Costanoa Ventures and Sapphire Ventures.
  • Concentric AI, an inventory and risk management platform for unstructured data, raised a $14.5M Series A from Ballistic Ventures.
  • devOcean Security, a cloud threat aggregation platform for security operations teams, raised a $6.0M Seed from private individual investors.
  • Xage Security, a blockchain-protected security platform for the Industrial Internet of Things (IIoT), raised a $6.0M Series B from Overture VC and SCF Partners.
  • BalkanID, an identity governance and management platform, raised a $5.8M Seed from Afore Capital.
  • Socket, a supply chain software security platform, raised a $4.6M Seed from Village Global and Unusual Ventures.
  • Sunday Security, a personal cybersecurity platform for corporate executives and high net worth individuals, raised a $4.0M Seed from MoreVC.
  • Barbara IoT, an Internet of Things (IoT) security platform, raised a $2.5M Seed from Caixa Capital Risc.
  • Kertos, a data privacy platform, raised a $2.5M Seed from 10X Founders.
  • SylLab Systems, a cryptography-as-a-service (CaaS) platform, raised a $75.0K Grant from Virginia Innovation Partnership Corporation.
  • Netz Beweis, a digital forensics tool for websites, raised an undisclosed Venture Round.

๐Ÿค Mergers & Acquisitions


๐Ÿ” Secure The Job

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๐Ÿ‘‹ Thanks

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Thanks for reading!

Cheers,

Mike P

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