💰 Security, Funded #46
The Security, Funded newsletter issue #46 - Cybersecurity funding and M&A news from the week of May 30th, 2022.
Table of Contents
I hope you had a great weekend!
Today's issue is packed full of new funding and M&A events compared to the last few weeks. If you've been following this space for a while, it's probably no surprise that much of these events occur right before the RSA and Gartner conferences occurring this week.
I still expect many companies to save some events for this week, however, and we might see several companies come out of stealth mode as well. 🥷
To all the folks at the RSA Conference this week, be on the lookout for me because I've got Security, Funded Stickers with me.
Let's dive in.
- 17 companies raised $564.3M across 15 unique product categories
- 8 companies were acquired or had a merger event for $184.0M
🧩 By Product Category
- $100.0M for Security Analytics
- $100.0M for Secure Access Service Edge (SASE)
- $70.0M for Attack Surface Management (ASM)
- $50.0M for Software Supply Chain Security
- $40.0M for Security Awareness
- $40.0M for Internet of Things (IoT) Security
- $32.0M for Security Orchestration and Automated Response (SOAR)
- $30.0M for Secure Collaboration and Messaging
- $30.0M for Email Security
- $30.0M for Data Loss Prevention (DLP)
- $15.5M for Passwordless Authentication
- $11.7M for Application Security
- $10.0M for Professional Services
- $4.0M for Personal Cybersecurity
- $1.1M for Managed Services Provider (MSP)
Protecting executive teams beyond the enterprise perimeter
Making the Case for Digital Identity Protection as an Enterprise Control - In this whitepaper, we explain the new types of digital identity risks that have recently emerged, with emphasis on the consequences of executives and key personnel becoming compromised.
🏢 By Company
- Devo, a cloud-native logging and security analytics platform, raised a $100.0M Series F from Eurazeo.
- Perimeter 81, a secure web gateway and service edge platform, raised a $100.0M Series C from B Capital Group.
- JupiterOne, an attack surface management platform, raised a $70.0M Series C from Tribe Capital.
- Chainguard, a software supply chain company, raised a $50.0M Series A from Sequoia Capital.
- Hoxhunt, a platform that teaches security awareness by way of simulated phishing attacks, raised a $40.0M Series B from Level Equity Management and Icebreaker.vc.
- Ordr, an Internet of Things (IoT) security platform, raised a $40.0M Series C from Battery Ventures and TenEleven Ventures.
- Laminar, a data loss prevention platform for public cloud services, raised a $30.0M Series A from Salesforce Ventures and Tiger Global Management.
- Reco, a secure messaging and collaboration platform, raised a $30.0M Series A from Zeev Ventures.
- Vade Secure, an email security platform, raised a $30.0M Venture Round from Tikehau Ace Capital, Bpifrance, and Auriga Partners.
- Seemplicity, a security orchestration and collaboration platform, raised a $26.0M Series A from Glilot Capital Partners.
- Incognia, a passwordless authentication and multi-factor authentication (MFA) platform, raised a $15.5M Series A from Point72 Ventures.
- Code Intelligence, an application security testing tool, raised a $11.7M Series A from Tola Capital.
- Surefire Cyber, a professional services company focused on incident response (IR) planning, tabletops, and investigations, raised a $10.0M Series A from ForgePoint Capital.
- Seemplicity, a security orchestration and collaboration platform, raised a $6.0M Seed from S Capital VC. (Yes, they raised two rounds!)
- DynaRisk, a personal cyber threat intelligence platform, raised a $4.0M Seed.
- Cybera, a not-for-profit focused on the development and operations of cyber infrastructure for Alberta, Canada, raised a $1.1M Grant from Alberta Innovates.
- 1Kosmos, a passwordless authentication and multi-factor authentication (MFA) platform, raised an undisclosed Seed from Gula Tech Adventures.
🤝 Mergers & Acquisitions
- Digital Shadows, a threat intelligence platform, was acquired by ReliaQuest for $160.0M.
- Logixx Security, a professional services firm that focuses on cyber and physical security, was acquired by SSC Security Services for $24.0M.
- Creatrix, an identity management platform that produces hardware authentication products, was acquired by Cerberus Sentinel for an undisclosed amount.
- LightPoint, a managed services provider (MSP), was acquired by Meriplex for an undisclosed amount.
- Netsurion, a managed security services provider (MSSP) focused on threat detection and secure edge access, was acquired by Acumera for an undisclosed amount.
- NewAE Technology, an embedded hardware security company, was acquired by lowRISC for an undisclosed amount.
- SaferPass, an identity and password manager platform, was acquired by Lookout for an undisclosed amount.
- Wootcloud, an Internet of Things (IoT) security company, was acquired by Netskope for an undisclosed amount.
🔐 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.
📚 Great Reads & Finds
- Building a Data Perimeter on AWS - Many organizations want to implement perimeter controls to help protect against unintended access and configuration errors through always-on guardrails. This paper outlines the best practices and available services for creating a perimeter around your identities, resources, and networks in AWS.
- What IS A vCISO??? - With all the hype on social media about becoming a vCISO, here's an account of what a vCISO is and what kind of work they do from someone who actively lives it.
- Starting a Cybersecurity Consulting Business is Easy - A blog post on the challenges I faced when I started my first vCISO cybersecurity consulting business and how I overcame them.
This isn't the hero we need, it's the hero we deserve.
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Thanks for reading!