Category Archives: series B

Tigera raises $30M Series B for its Kubernetes security and compliance platform

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Tigera, a startup that offers security and compliance solutions for Kubernetes container deployments, today announced that it has raised a $30 million Series B round led by Insight Partners. Existing investors Madrona, NEA and Wing also participated in this round. Like everybody in the Kubernetes ecosystem, Tigera is exhibiting at KubeCon this week, so I […] Continue reading Tigera raises $30M Series B for its Kubernetes security and compliance platform→

Snyk gets $22 million for platform that tracks security flaws in open source projects

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Snyk, a startup that aims to make the use of open-source code libraries more secure, announced Tuesday that it raised $22 million in its Series B investment round. The company has a security research team that maintains a database of vulnerabilities found in open source libraries, as well as their patches. Customers using Snyk can be alerted to security flaws in the code they’re using and fix them. Snyk says it’s continuously protecting more than 140,000 projects, which account for about 580,000 vulnerabilities every month. Snyk watches code repositories on platforms like GitHub, Bitbucket and GitLab. In June, the company also announced a container vulnerability management service, entering a field where other startups are trying to specialize. With offices in London, Tel Aviv and Boston, Snyk (pronounced “snick”) boasts “over 200 large enterprise customers” and claims that its revenue has grown by a factor of five in nine months. The company says […]

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Imperva, Allstate, & Sonatype – Business Security Weekly #98

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Imperva acquires app security firm Prevoty in $140 million deal, Allstate accelerates expansion into Identity Protection with acquisition of InfoArmor, Sonatype receives $80 million investment from TPG, Very Good Security makes data unhackable with $8…. Continue reading Imperva, Allstate, & Sonatype – Business Security Weekly #98→

ICS cybersecurity company Indegy raises $18 million

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Indegy, a industrial-controls cybersecurity company, announced Tuesday that it raised $18 million in Series B investment funding. The company, based in New York with offices in Tel Aviv, Israel, provides threat detection and mitigation services for customers that operate industrial control systems (ICS). Indegy boasts that its Cyber Security Suite has more than 200 deployments worldwide, protecting customers in the manufacturing, pharmaceutical, energy, water and other industrial sectors. CEO Barak Perelman says that heightened concerns about cyberthreats to critical infrastructure have been a driver for business. “Recent reports by the [Department of Homeland Security]and FBI regarding attacks against critical infrastructures have created a greater sense of urgency among industrial organizations to shore up their defenses, and produced a major spike in new business for Indegy,” Perelman said in a press release. “This capital infusion provides the financial resources required to scale up the company and capitalize on this market opportunity.” A […]

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Verodin raises $21 million Series B round for automated red-teaming

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Verodin, a company that provides automated security testing services, announced on Tuesday that it brought in $21 million for its Series B funding round. Based in McLean, Va., Verodin provides a product called the Security Instrumentation Platform, which continuously tests the security of a customer’s network by acting as an attacker. The platform simulates ways to exploit vulnerabilities and notes how well the customer’s email, cloud and network controls worked. “This capability enables enterprises to quantifiably validate if their controls are actually protecting their business-critical assets, providing resiliency and keeping them safe,” the company said in a press release. Ultimately, the goal is for organizations to determine whether the security services they’re paying for are actually doing their jobs. The funding round was led by TenEleven Ventures and Bessemer Venture Partners with participation from Capital One Growth Ventures, Citi Ventures and Verodin’s past investors. The round brings the company’s total […]

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Tracking Security Innovation – Business Security Weekly #90

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Tron Foundation acquired BitTorrent, PayPal acquired Simility, Panaseer raised $10M Series A, and Agari raised $40M Series E. Tracking Security Innovation Tron Foundation acquired BitTorrent for $140M “BitTorrent is a peer-to-peer networking platform t… Continue reading Tracking Security Innovation – Business Security Weekly #90→

Preempt raises $17.5 million in Series B for enterprise threat management

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San Francisco enterprise threat management company Preempt Security earned $17.5 million in its Series B funding round, the company announced on Wednesday. Preempt says that it uses information about identity, behavior and risk within a company to proactively catch insider threats and prevent breaches. Management of such threats is a constant struggle for enterprises, as they need to ensure that employees don’t willingly or inadvertently expose sensitive information. CEO Ajit Sancheti told CyberScoop that Preempt can anticipate and stop both malicious insiders and unwittingly compromised users by monitoring their privileges and behavior on the network. Preempt can force users to validate their identity via multi-factor authentication if it senses something is awry. “Internal threats are difficult to detect since the behavior of the malicious users or the compromised accounts are difficult to differentiate from legitimate users. Since Preempt can force the verification of identity of a user in real time […]

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BigID raises $30 million for data protection compliance, months after last funding round

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BigID, a New York-based privacy and data protection company, announced on Monday that it raised $30 million in funding. Organizations are finding the need to be increasingly aware of how they handle the privacy of user data. BigID says it takes a data-focused approach to help organizations manage their privacy and comply with data protection regulations, like Europe’s new General Data Protection Regulation (GDPR). BigID says that many companies use a arduous process to comply with such regulations, involving surveys and spreadsheets. The company proposes its product as an alternative, which it says automates much of the work involved with compliance by leveraging machine learning and identity intelligence. “Good security requires good knowledge, and good data security requires good data knowledge. Privacy is no different. To operationalize privacy is to make it data-driven,” said BigID CEO Dimitri Sirota in a blog post about the announcement. The news comes exactly a month after GDPR went […]

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Splunk, VictorOps, & Claroty – Business Security Weekly #89

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In Tracking Security Innovation, Splunk acquired VictorOps for $120M, Claroty raised $60 in Series B, “MIT’s Mind-Blowing Solutions to the 9 Hardest Startup Problems”, “Two Techniques for Helping Employees Change Ingrained Habit… Continue reading Splunk, VictorOps, & Claroty – Business Security Weekly #89→

Fortinet, Qualys, & CounterTack – Business Security Weekly #88

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In Tracking Security Innovation, Fortinet acquires Bradford Networks, Qualys acquires Second Front Systems, CounterTack acquires GoSecure, Panorays raised $5 million in an unattributed round, OneLogin raised $22.5 million Series C, and more! Tracking S… Continue reading Fortinet, Qualys, & CounterTack – Business Security Weekly #88→