๐Ÿ’ฐ Security, Funded #57 - Web3 security, OT funding, and CISOs

The Security, Funded newsletter issue #57 - Global cybersecurity funding and M&A news from the week of August 15th, 2022.

Mike P
Mike P

Table of Contents

Hey there,

I hope you had a great weekend!

We're back up this week with nearly double the amount of funding as last week.

In this week's issue:

  • More funding goes towards Web3
  • We're in an Operational Technology (OT) security era
  • Pay for CISOs continues to go up even with breaches still happening

Also, I'm testing out a new simple shirt design. Let me know on Twitter if you like it?

Let's dive in.



๐Ÿ’ฐ Summary

  • 14 companies raised $181.1M across 12 unique product categories
  • 4 companies were acquired or had a merger event across 3 unique product categories

๐Ÿงฉ Funding by Product Category

  • $83.0M for Operational Technology (OT) Security
  • $37.5M for Privacy
  • $30.0M for API Security
  • $10.0M for Email Security
  • $7.0M for Distributed Ledger Technology (DLT) Security
  • $5.0M for Blockchain Security
  • $3.4M for Managed Security Services Provider (MSSP)
  • $3.3M for Identity and Access Management (IAM)
  • $2.0M for Cyber Insurance
  • An undisclosed amount for Identity Verification
  • An undisclosed amount for Data Protection
  • An undisclosed amount for Cybersecurity Education & Training

๐Ÿ—ฃ๏ธ SPONSOR

๐Ÿ—ฃ๏ธ
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๐Ÿข By Company


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 - If you're open to hearing about new opportunities, apply to my talent collective to get personally matched with high-growth, high-upside opportunities. You can join publicly or anonymously, and leave anytime. And it's completely free for candidates.

Are you hiring? Post a role or request access to start meeting world class candidates open to new opportunities. Learn more or request access here.


๐Ÿ“† Special Events

I'm on the CISO advisory board for DataTribe and they are a top-notch group, so you won't want to miss this if you're raising funds.

๐Ÿ”ฅ
DataTribe Challenge 2022

What could your company do with $2 Million?

The DataTribe Challenge is a unique annual competition that brings together the best entrepreneurs in the world looking to disrupt cybersecurity and data science. DataTribe selects three finalists that split $20,000 in prize money and one winner that could receive up to $2 million in seed capital.

Submissions Due:  September 23rd, 2022. Enter here.

๐Ÿ“š Great Reads & Finds

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!


๐Ÿงช Labs

This is an ultra-niche meme newsletter now (j/k)


๐Ÿ‘‹ 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!

Cheers,

Mike P

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