Collaborate Disseminate
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
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, 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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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
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, 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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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
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
Claroty, a industrial control systems cybersecurity company, announced on Monday that it raised $60 million in Series B funding from a diverse group of investors, including venture firms, ICS vendors and industrial asset owners and operators. The funding brings the company’s total investment to date to $93 million. The funding round was led by Tekfen, a Turkish industrial holding company. Notably, three different ICS vendors came together to participate in the round in some way. Aster capital (an investment company born out of Schneider Electric), Next47 (a venture firm backed by Siemens) and Rockwell automation pitched in, along with Envision Ventures and Claroty’s original investors. Patrick McBride, Claroty’s chief marketing officer, said in an interview that the coming together of these investors is a “ringing endorsement” of Claroty’s offerings. “Getting Siemens and Rockwell and Schneider to do anything together? These guys beat each other up in the marketplace every day, but they […]
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In tracking security innovation, PE’s US cybersecurity push resumes in 2018 after last year’s lull, Carbon Black IPO Success, Trusted Key raised $3M in “Seed”, Namogoo raised $15M Series B, IronNet Cybersecurity raised $78M Seri… Continue reading Carbon Black, Trusted Key, & IronNet – Business Security Weekly #84