💰 Security, Funded #52 - A Hacker-led DAO, growth is the name of the new game, and hey look ma we made it!

The Security, Funded newsletter issue #52 - Cybersecurity funding and M&A news from the week of July 11th, 2022.

Mike P
Mike P

Table of Contents

Hey there,

I hope you all had a great weekend!

Funding continues to make a rebound but in non-traditional ways this last week. We've got drones and an interesting industry crossover this week is funding for a hacker-led Decentralized Autonomous Organization (DAO) that's focused on fixing bugs in Web3 projects. With week after week of ̶c̶r̶y̶p̶t̶o̶ ̶p̶o̶n̶z̶i̶ ̶s̶c̶h̶e̶m̶e̶s̶ ̶a̶n̶d̶ ̶h̶a̶c̶k̶s̶  projects, all I have to say about this is it's about damn time.

Also - Hey look ma, we made it to one year of writing this newsletter! 🎉🥳🍾

Whether you've just joined recently or have been down since day one, THANK YOU!

I truly enjoy writing this newsletter for you, so please let me know how I can make it better for you in this new year. Let's continue to get this bread, family. 🥖🤝

Side note: should I make a Security, Funded playlist on Spotify? One like and I'll do it...👀

Let's dive in.

💰 Summary

  • 9 companies raised $180.9M across 9 unique product categories
  • 6 company was acquired or had a merger event for $100.0M

🧩 By Product Category

  • $75.0M for Breach & Attack Simulation (BAS)
  • $40.2M for Internet of Things (IoT) Security
  • $30.0M for Airspace Security
  • $25.0M for Secure Networking
  • $5.0M for Threat Intelligence
  • $3.3M for Cloud Security Posture Management (CSPM)
  • $2.0M for Embedded Security
  • $414.0K for Threat & Vulnerability Management (TVM)
  • An undisclosed amount for Application Security


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🏢 By Company

🤝 Mergers & Acquisitions

🔐 Secure The Job

If you're looking for new opportunities (actively or passively), I've got two ways to help:

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📚 Great Reads & Finds

  • Apple Introduces "Lockdown Mode" - Apple intros "extreme" optional protection against the scourge of mercenary spyware.
  • What it Takes to be a Cyber Investor - Forgepoint Capital's Alberto Yepez gives his take on what it takes to be a cybersecurity investor in today's climate as a long time managing director Forgepoint and serial entrepreneur.
  • Digital Privacy in a Post-Roe World - The use of technology has made it practically impossible for Americans to evade tracking and it's about to get even harder for some people.

You can see the full list of curated posts across all issues here, and you can submit an article, post, tweet, or video here and it can show up in the newsletter!

🧪 Labs

SANS has always been ahead of the inflation game.

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👋 Thanks

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

Reach out on Twitter or reply directly to the newsletter version of this issue.

Thanks for reading!


Mike P