๐Ÿ’ฐ Security, Funded #44

The Security, Funded newsletter issue #44 - Cybersecurity funding and M&A news from the week of May 16th, 2022.

Mike P
Mike P

Table of Contents

Good ย morning,

I hope you had a great weekend!

An unusually low number in overall funds raised last week, but still an eventful week on the merger and acquisition front with one company alone making four (4) M&A events. ๐Ÿ˜ณ

Let's dive in.


Funding by product category

๐Ÿ’ฐ Summary

  • 12 companies raised $140.7M across 7 unique product categories
  • 10 companies were acquired or had a merger event for $4.2B

๐Ÿงฉ By Product Category

  • $44.7M for Data Protection
  • $36.0M for Distributed Ledger Technology (DLT) Security
  • $32.2M for Cloud Security
  • $12.5M for Fraud and Financial Crime Protection
  • $8.3M for Infrastructure as Code (IaC)
  • $4.0M for Application Security
  • $3.0M for Managed Security Services Provider (MSSP)

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๐Ÿข By Company

  • Certora, a smart contract security platform, raised a $36.0M Series B from Jump Crypto.
  • Seclore, a data classification and security platform, raised a $27.0M Series C from Origami Capital Partners.
  • Pangea, an API platform for secure cloud infrastructure deployments, raised a $25.0M Series A from Ballistic Ventures and SYN Ventures.
  • CertifID, a wire fraud protection and recovery service, raised a $12.5M Series A from Arthur Ventures.
  • Dig Security, a cloud data detection and response platform, raised a $11.0M Seed from Team8.
  • CipherMode Labs, a data protection platform using differential encryption, raised a $6.7M Seed from Innovation Endeavors.
  • LimaCharlie, a security infrastructure as a service, raised a $6.4M Venture Round.
  • GuardRails, an application security platform, raised a $4.0M Series A from Surge.
  • Rencore, a cloud governance and compliance platform for the Microsoft stack, raised a $4.0M Series A from Capnamic Ventures.
  • Cyscale, a cloud security platform, raised a $3.2M Seed from Notion Capital.
  • BeMo, a Managed Security Service Provider (MSSP) focused on the Microsoft stack, raised a $3.0M Seed from Gula Tech Adventures.
  • StackZone, a secure cloud management and deployment platform, raised a $1.9M Seed.

๐Ÿค Mergers & Acquisitions

Gotta catch'em all!
  • ManTech, a professional services firm focused on cyber defense and intelligence, was acquired by The Carlyle Group for $4.2B.
  • Appsian, a data security platform for Enterprise Resource Platforms (ERP) like SAP and Oracle, merged with Pathlock.
  • Cloudkeyz, a cloud-based physical access management security company, was acquired by ButterflyMX for an undisclosed amount.
  • CSI Tools, an access control and governance platform for SAP, was acquired by Pathlock for an undisclosed amount.
  • Excellium Services, a professional services firm focused on incident response and penetration testing, was acquired by Thales Group for an undisclosed amount.
  • LUCY Security, a security awareness and training company, was acquired by ThriveDX for an undisclosed amount.
  • S21sec, a managed security services provider (MSSP), was acquired by Thales Group for an undisclosed amount.
  • SAST SOLUTIONS, a professional services company focused on securing the SAP platform, was acquired by Pathlock for an undisclosed amount.
  • SecurityWeaver, an identity and access management (IAM) governance platform, merged with Pathlock.
  • SideChannel, a professional services firm focusing on cybersecurity for SMBs, was acquired by CipherLoc for an undisclosed amount.

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.

Search firms, recruiters, and hiring managers - hire the best talent from the Return on Security community by signing up here.


๐Ÿ“š Great Reads & Finds

  • Security Study Plan - A Practical Study Plan to become a successful cybersecurity engineer based on roles like Pentest, AppSec, Cloud Security, DevSecOps and so on with free/paid resources, tools and concepts to excel.
  • Beginnerโ€™s Mind, Imposter Syndrome and Andrew Weatherall - The root word โ€” imposter โ€” is the problem. MW defines imposter as: โ€œOne that assumes false identity or title for the purpose of deception.โ€ The root word reinforces a problem when the whole intent is to free people from it.
  • Open Source Security Tools - A list of interesting open-source tools.

๐Ÿงช Labs

It's the little things like your full PAN and CVV that really make the difference ๐Ÿฅฒ


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๐Ÿ‘‹ Thanks

Have questions, comments, or feedback about this issue? I'd love to hear from you.

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Thanks for reading!

Cheers,

Mike P

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