Okta unveils $50M in-house venture capital fund
Okta Ventures wants to fund the next generation of identity, security and privacy startups. Continue reading Okta unveils $50M in-house venture capital fund
Category Archives: venture capital
OpenAI’s Mission to Benefit Humanity Now Includes Seeking Profit
The AI research group founded by Elon Musk and Sam Altman and largely funded by Peter Thiel, shockingly, will now seek profit. Continue reading OpenAI’s Mission to Benefit Humanity Now Includes Seeking Profit
Axonius raises $13 million to boost product that tracks connected devices
You’d be hard pressed to find someone in charge of an enterprise’s information security efforts who finds it easy to monitor all the connected devices sitting on the network. New York-based Axonius understands this, which is why it created a platform that allows CISOs to automatically boot these devices off a network if they don’t fit with the enterprise’s security policies. The company is building its business around the platforms, thanks to a new funding raise. The company announced a $13 million series A funding Tuesday, led by Bessemer Venture Partners. There was also participation from existing investors YL Ventures, Vertex, WTI and Emerge. The company says the platform differs from similar products due to its ease of installation, as well as the automation built into the product. Axonius says enterprises don’t have deploy an agent, a piece of software that is put on each device in similar solutions. Additionally, the company claims the product […]
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ShiftLeft Raises $20 Million in Series B Funding
Today we are thrilled to announce a new $20M round of Series B funding. Thomvest Ventures led the round and was joined by new investor SineWave Ventures. Our existing investors, Bain Capital Ventures and Mayfield Ventures, also participated in the Ser… Continue reading ShiftLeft Raises $20 Million in Series B Funding
Workplace messaging platform Slack has confidentially filed to go public
The company has taken its first official step toward a rumored direct listing. Continue reading Workplace messaging platform Slack has confidentially filed to go public
Fortanix raises $23 million in funding for cloud security and encryption
Fortanix, a cloud security company, announced Wednesday that it raised $23 million in a Series B funding round led by Intel Capital with participation from past investors Foundation Capital and Neotribe. The company offers two main platforms that are meant to protect the data clients use and the various keys they need to run their applications. The products are aimed at enterprises that rely on cloud services for their infrastructure and containerization to run their applications. Intel Capital’s director, Sunil Kurkure, is joining the Fortanix’s board of directors as part of the deal. The company’s Self-Defending Key Management Service is designed to protect the sensitive information customers needed to run their systems securely, like cryptographic data, API keys, passwords, tokens and others. The Runtime Encryption platform is meant to protect data while it’s in-use “in untrusted environments such as the public cloud and remote clouds.” “Fortanix uniquely helps protect encryption keys, databases, machine learning algorithms, and containers to help secure organizations’ data […]
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Medigate raises $15 million Series A for medical device security
Medigate, a startup that offers cybersecurity services specific to medical devices, has raised $15 million in Series A funding, the company announced Tuesday. Medigate provides a platform that is meant to identify medical devices on a network, fingerprint them then monitor those devices for suspicious behavior. Mecical devices need specialized security attention that is not satisfied with broader forms of internet of things security, according to Medigate CEO Jonathan Langer. “For medical devices, general IoT security falls short,” Langer told CyberScoop in an email. “The uniqueness of the devices, the sheer volume of different types of devices and the complexity of clinical networks is daunting. The ability to find and secure devices, from MRIs to glucose meters and to alert a hospital of anomalies requires security that understands clinical networks.” The company says the platform considers not just basic indicators like IP addresses, but also context such as the device’s model and purpose. […]
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Anchorage emerges with $17M from a16z for ‘omnimetric’ crypto security
I’m not allowed to tell you exactly how Anchorage keeps rich institutions from being robbed of their cryptocurrency, but the off-the-record demo was damn impressive. Judging by the $17 million Series A this security startup raised last year led by Andreessen Horowitz and joined by Khosla Ventures, Max Levchin, Elad Gil, Mark McCombe of Blackrock, and […] Continue reading Anchorage emerges with $17M from a16z for ‘omnimetric’ crypto security
Jupiter Networks invests $2.5M in enterprise tech accelerator Alchemist
Alchemist, which began as an experiment to better promote enterprise entrepreneurs, has morphed into a well-established Silicon Valley accelerator. To prove it, San Francisco-based Alchemist is announcing a fresh $2.5 million investment ahead of its 20th demo day on Wednesday. Jupiter Networks, a networking and cybersecurity solutions business, has led the round, with participation from […] Continue reading Jupiter Networks invests $2.5M in enterprise tech accelerator Alchemist
On-demand workspace platform Breather taps new CEO
Breather, the platform that provides on-demand private workspace, announced today that it has appointed Bryan Murphy as its new CEO. Before joining Breather, Murphy was the founder and President of direct-to-consumer mattress startup, Tomorrow Sleep. Prior to Tomorrow Sleep, Murphy held posts as an advisor to investment firms and as an executive at eBay after the […] Continue reading On-demand workspace platform Breather taps new CEO