๐Ÿ’ฐ Security, Funded #76 - A Slow Start, Secure Defaults, and The (In)Secure Year That Was for Blockchain

The Security, Funded Newsletter Issue #76 - The Business Of Global Cybersecurity Funding And M&A News From The Week Of January 9th, 2023.

Mike P
Mike P

Table of Contents

Hey there,

I hope you had a great weekend!

In this week's issue:

  • A Slow Start
  • Secure Defaults
  • The (In)Secure Year That Was for Blockchain

This will be a short opener this week as it is a slow and predictable start to the new year. Funding is much less than last week, but that's no surprise. Deal flow is just waking up, and companies are taking a (financial) pulse of how they feel.

The Consumer Price Index (CPI) report dropped last week, more tech layoffs are happening, and hiring freezes all around has everyone in the economy collectively holding their breath.

Onward to this week's issue.

๐Ÿ—ฃ๏ธ Sponsor

Webinar: Live Product Demo with Vanta

See for yourself how Vanta simplifies security and automates compliance

Proving compliance can be time-consuming, tedious, and expensive. Enter Vanta. We automate up to 90% of the work for the most sought-after compliance standards and get you audit-ready in weeks instead of months. Get up to 400 hours of your time back and an 85% cost savings. Want to learn how? Join our live product demo webinar on Tues, January 24 at 10 AM PT.

Save your spot

๐Ÿ“Š Industry News

  • RSAC Innovation Sandbox and Launch Pad 2023 Contests Now Accepting Submissions (more)
  • CISA adds SentinelOne to the Joint Cyber Defense Collaborative (more)
  • Amazon S3 Encrypts New Objects By Default (more)

๐Ÿ’ฐ Funding Summary

  • 7 companies raised $80.9M across 7 unique product categories
  • 7 companies were acquired or had a merger event across 6 unique product categories

๐Ÿงฉ Funding by Product Category

  • $55.0M for Cybersecurity Education & Training
  • $16.4M for Secure Collaboration and Messaging
  • $9.0M for Third-Party Risk Management
  • $250.0K for Distributed Ledger Technology (DLT) Security
  • $246.6K for Managed Security Services Provider (MSSP)
  • An undisclosed amount for Internet of Things (IoT) Security
  • An undisclosed amount for Application Security Testing (AST)

๐Ÿข Funding By Company

๐ŸŒŽ Funding By Country

  • $55.0M for United Kingdom ๐Ÿ‡ฌ๐Ÿ‡ง
  • $25.4M for United States ๐Ÿ‡บ๐Ÿ‡ธ
  • $250.0K for India ๐Ÿ‡ฎ๐Ÿ‡ณ
  • $246.6K for Italy ๐Ÿ‡ฎ๐Ÿ‡น
  • An undisclosed amount for China ๐Ÿ‡จ๐Ÿ‡ณ

๐Ÿค Mergers & Acquisitions

  • CMIT Solutions, a United States-based managed services provider (MSP), was acquired by HKW for an undisclosed amount. (more)
  • Enterprise Blueprints, a United Kingdom-based professional services firm focused on cybersecurity and digital transformation, was acquired by Bain & Company for an undisclosed amount. (more)
  • nVisium, a United States-based application security testing platform, was acquired by NetSPI for an undisclosed amount. (more)
  • RAN Security, an Argentina-based managed security services provider (MSSP), was acquired by Cerberus Sentinel for an undisclosed amount. (more)
  • SecZetta, a United States-based provider of third-party identity risk services, was acquired by SailPoint for an undisclosed amount. (more)
  • The TNS Group, a United States-based managed security services provider (MSSP), was acquired by Omega Systems for an undisclosed amount. (more)
  • Topo.ai, a United States-based security operations workflow, automation, and communications platform, was acquired by Crisis24 for an undisclosed amount. (more)

Don't forget, if you've been following along for a while, I've spun off the jobs section that was previously in this newsletter and made it a separate newsletter that you can find here:

๐Ÿ“š Great Reads

๐Ÿ—ฃ๏ธ Sponsor

Take PII Out of Dev+Test Environments

An alternative to restrictive data governance

Privacy Dynamics knows developers and engineers want the latest and greatest production data in their preview environments, but we also understand why security and regulatory leaders lose sleep over it. In our latest blog article, we review new requirements under CPRA and present an alternative to restrictive access controls that risk slowing down your engineers.

Read the Article

๐Ÿงช Labs

๐Ÿค” Have questions, comments, or feedback? I'd love to hear from you!

๐Ÿค Interesting in a sponsor partnership with Security, Funded? Learn more here.

๐Ÿ If you run a newsletter, I can't recommend Beehiiv enough.