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DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, announced a $2M seed investment in ContraForce. ContraForce delivers a no-code security automation platform that makes cyber secur… Continue reading DataTribe invests $2M in ContraForce to make cyber security accessible for SMBs
Dragos announced it has raised a $200 million in Series D funding at a valuation of $1.7 billion. The funding will continue to accelerate the company’s global expansion and support customers in key growth markets across diverse industries including ele… Continue reading Dragos raises $200M to boost operations against cyberattacks at the industrial level
DataTribe announced a $2.5M seed investment in Ntrinsec. Ntrinsec is the moving-target defense start-up that is solving the secrets sprawl that exists in enterprises of all sizes today. “We are excited to announce DataTribe’s latest investment. Ntrinse… Continue reading DataTribe invests $2.5M in Ntrinsec to add a new approach to moving target defense
Fewer face-to-face meetings between security startups and potential investors contributed to a steep decline in the number of venture capital deals since COVID-19 spread throughout the world. Investments in early stage cybersecurity companies fell by 37.7% during the second fiscal quarter of 2020, compared to the same time period in 2019, according to a financially-focused paper published Tuesday by venture firm DataTribe. It’s a downward trend that began at the end of last year and continued into the first months of 2020 as global economies reacted to the coronavirus pandemic. Early stage investments in the overall technology sector are down by roughly 45% over the first two quarters of this year, according to DataTribe co-founder Mike Janke. Other external factors — such as uncertainty about U.S. politics, shifting monetary policy and increasingly high investment levels — also are fueling the decline in investing. Venture deals typically close 90 days after […]
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Investors don’t have an unlimited appetite for cybersecurity firms after all. Venture capital investment in security startups in the first two months of this year is down from years past. The downward trend started gaining steam in 2019 and continued into the beginning of 2020, even before the COVID-19 pandemic sent the economy into a freefall. Forty-three venture capital deals have closed so far this year, compared to 103 deals in the first two months of 2018, and 91 deals over the same period in 2018, according to research from DataTribe, a venture capital firm known for its investments in security businesses like Dragos and Enveil. “Given that the venture investments typically take one or two quarters to close, it’s unlikely that COVID-19 is the driver behind this downdraft in early 2020 deal volume,” DataTribe co-founder Mike Janke wrote in a research paper published Thursday. “However, looking ahead we can […]
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Bob Ackerman is a legend in venture capital investing and is referred to as one of “Cyber’s Money Men”. Bob is the Founder and Managing Director of venture capital firm AllegisCyber, Co-Founder of DataTribe, Maryland’s Cyber Sta… Continue reading Bob Ackerman, AllegisCyber – Business Security Weekly #111
Bob Ackerman is a legend in venture capital investing and is referred to as one of “Cyber’s Money Men”. Bob is the Founder and Managing Director of venture capital firm AllegisCyber, Co-Founder of DataTribe, Maryland’s Cyber Sta… Continue reading Bob Ackerman, AllegisCyber – Business Security Weekly #111
Silent Circle’s move to Switzerland in 2014 caused a huge stir. Just after Edward Snowden became a household name, the up-and-coming American tech firm boasting cybersecurity elder statesman Phil Zimmerman bolted from the Western hemisphere in the name of Swiss privacy laws and international neutrality. Three years later, Silent Circle is back in the United States. With relatively little fanfare and following millions of dollars in losses, the mobile security firm is now headquartered in Washington, D.C. It’s focusing on software security products instead of the hardware that initially earned global attention, and it’s aiming to ramp up sales to federal government as cybersecurity and IT modernization remains a focal point, CEO Gregg Smith told CyberScoop. The company recently signed partnerships with Dell and Cog Systems to that end. Among the active government customers Smith described are law enforcement units on the U.S.-Mexico border that employ Silent Circle software to guard against “the cartel’s 91 listening posts,” he said, which […]
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In a half-constructed lot in Fulton, Maryland, behind a nondescript strip mall, sits a unique startup development firm with a team comprised by former intelligence officers, hackers and tech industry insiders. The brainchild of SEAL Team 6 alumnus Mike Janke, CIA officer-turned-entrepreneur Steven Witt and Silicon Valley money man Bob Ackerman, DataTribe is in the business of turning one-time spies into successful startup founders. Unassuming in name alone, DataTribe quietly oversees an investment fund of approximately $35 million, which it uses to guide early stage cybersecurity companies towards an acquisition or initial public offering. Most seed-stage-centric firms operate with much less capital than DataTribe. “We build gold cup startups,” Janke blankly stated during an interview at the firm’s headquarters. “We make it an unfair fight” by providing portfolio companies with an ample amount of resources. The fund is fueled by a close group of business partners, including several prominent private […]
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