Category Archives: series C

Airtable raises $185M and launches new low-code and automation features

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The spreadsheet-centric database and no-code platform Airtable today announced that it has raised a $185 million Series D funding round, putting the company at a $2.585 billion post-money valuation. Thrive Capital led the round, with additional funding by existing investors Benchmark, Coatue, Caffeinated Capital and CRV, as well as new investor D1 Capital. With this, […] Continue reading Airtable raises $185M and launches new low-code and automation features→

Contentful raises $33.5M for its headless CMS platform

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Contentful, a Berlin- and San Francisco-based startup that provides content management infrastructure for companies like Spotify, Nike, Lyft and others, today announced that it has raised a $33.5 million Series D funding round led by Sapphire Ventures, with participation from OMERS Ventures and Salesforce Ventures, as well as existing investors General Catalyst, Benchmark, Balderton Capital and Hercules. In […] Continue reading Contentful raises $33.5M for its headless CMS platform→

CyberGRX raises $30 million for collaborative risk auditing service

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CyberGRX, a firm that helps companies assess the risk stemming from their third-party vendors, announced that it raised $30 million in a Series C funding round on Wednesday. The Denver-based company runs an “exchange” whereby its customers — larger enterprises and the smaller firms they do business with — share data meant to help in assessing and managing cyber risk. A number of recent data breaches occurred because of security shortfalls in products like web applications or point-of-sale systems, only to spread to corporate partners’ networks. The service is akin to a credit rating agency that assesses the risk of lending money to a particular entity. The company says it “unites third parties and their customers in the fight against cyber threats,” and that their ability to mitigate supply chain risks improves as more entities join CyberGRX’s exchange. “Rather than reacting to breaches after they occur, companies need to take […]

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Arctic Wolf Networks raises $45 million for cloud SOC platform

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Arctic Wolf Networks, a company that sells a “SOC-as-a-service” platform, announced on Thursday that it raised $45 million Series C funding. The company provides a cloud-based security operations center (SOC), which gives customers access to Arctic Wolf’s AI-dirven threat detection platform as well as its “Concierge Security Engineers.” The offering is meant to give customers threat detection capabilities without having to built their own on-premise SOC. Arctic Wolf argues that this approach is more economical given the shortage of cybersecurity skills and “cost-prohibitive nature” for building a SOC from scratch. CEO and co-founder Brian NeSmith said in a press release that the new funding will go toward further developing Arctic Wolf’s vulnerability assessment and endpoint detection and response (EDR) capabilities. “Our growing team of security engineers is redefining the economics of security to protect companies of all sizes,” NeSmith said in a press release. “In addition to supporting continued company […]

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WhiteSource raises $35 million for open source flaw detection platform

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WhiteSource, a company that provides cybersecurity services to users of open source software, announced Wednesday that it raised $35 million in Series C funding. The company’s platform draws from a database of open source repositories and alerts customers if they are using components that have unpatched bugs. “We are now at a stage where the question is not whether or not to use open source components, but how to put in place the solutions and policies to manage them well,” said WhiteSource CEO and co-founder Rami Sass, in a press release. Sass pointed to Equifax’s massive data breach last year as evidence for the need for automated open source bug monitoring services like WhiteSource’s. Equifax’s breach of about 148 million people’s personal data was reportedly caused by an unpatched version of Apache Struts, an open source web application framework. “[A]s the open source community grows, and the number of reported vulnerabilities […]

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Nozomi Networks raises $30 million for ICS security platforms

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Nozomi Networks, a San Francisco-based company that specializes in industrial cybersecurity, announced Thursday that it raised $30 million in its Series C funding round — yet another sign that investors see growth potential in the market for guarding industrial control systems (ICS). The company offers products that use artificial intelligence to give customers visibility into the security of their ICS networks — the technology that helps run factories, refineries and more. The two main platforms, SCADguardian and the Centeral Management Platform, allow ICS operators to keep an eye on their industrial assets and monitor them for risks and threats. ICS security is getting a lot of attention as criminal and state-backed hackers regularly threaten critical infrastructure, which involves increasingly connected operational technology networks. Successful attacks can impact the safety and livelihood of people who work at or depend on, for example, oil and gas plants. Competitors in the ICS security field include Claroty, Dragos, […]

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Twistlock raises $33 million to secure cloud native environments

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Twistlock, a startup that provides a security platform for cloud native and containerized applications, announced on Wednesday that it raised $33 million in Series C funding. The company’s container security platform is meant to help customers with things like managing vulnerabilities, setting up firewalls and complying with industry standards and best practices. Twistlock says this is becoming important as enterprises increasingly take up cloud native, containerized and serverless systems. The advantage of such technologies is their portability and the ability to deploy them into different computing environments, but they have also been exploited for recent security lapses. In February, Tesla fell victim to a cryptojacking scheme resulting from an unprotected Kubernetes console. In June, files posted to Docker Hub allowed hackers to conduct cryptojacking on the servers of victims who unknowingly downloaded them. Based in Portland, Oregon, Twistlock presents itself as a catch-all platform to secure cloud native systems. “The […]

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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→

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→