Collaborate Disseminate
Empires rise and fall, and none more so than business empires. Whole industries that once dominated the planet are just a figment in memory’s eye, while new industries quietly grow into massive behemoths. New York City has certainly seen its share of empires. Today, the city is a global center of finance, real estate, legal […] Continue reading NYC wants to build a cyber army
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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Darktrace, a company that provides AI-enabled threat detection services, said on Wednesday that it has gotten a $50 million investment in its Series E funding round. Founded in 2013 by mathematicians at the University of Cambridge, Darktrace offers a suite of products that use artificial and machine learning to protect customers’ networks from cyberthreats. Founders also include intelligence experts who came from the CIA and NSA, as well as British intelligence outfits MI5 and GCHQ. Although only in business for five years, Darktrace has earned a reputation as a big player in cyberdefense, with detection and response solutions that cover enterprise and industrial networks, cloud environments and software-as-a-service apps. The funding round was led by Vitruvian Partners with participation from existing investors KKR and 1011 Ventures. “Darktrace has built a unique combination of world-class AI capabilities, deep cyber domain expertise, and a highly effective business model. This has rapidly created […]
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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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Fidelis Cybersecurity, a company that specializes in automated detection and response, announced Tuesday that it secured $25 million in investor funding. Fidelis has been around since 2002, but the company says the investment is an endorsement of its products and services in an environment where threats are designed “designed to bypass preventive, perimeter-based defenses.” In particular, the company says the investment will go toward scaling its 24×7 Fidelis MDR service, which it announced earlier this year. The service is designed to complement its flagship products by providing round-the-clock access to security experts who can respond to immediate threats. The funding will also go toward strengthening the company’s main security operations platform, Fidelis Elevate, which gives enterprises automated detection and response capabilities on their networks and endpoints. “We are making significant investments in innovation to accelerate how security operations and incident response teams react to, manage and hunt for threats,” said […]
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SCYTHE, an Arlington, Va., based cybersecurity company, announced on Monday that it raised $3 million in seed funding for its automated red-teaming platform. The company flagship platform allows customers to simulate attack campaigns against their own networks in order to assess their defensive posture. SCYTHE says that its product uses a catalog of threats to “automatically deploy a combination of threat actor communications and end-point capabilities on the production environment.” Enterprises can customize their own adversarial campaigns then get reports on how well their systems stood up to the threat. Heading SCYTHE is Bryson Bort, a former U.S. Army officer who has worked in various cybersecurity strategy and research and development at multiple outfits. Bryson is the co-founder of ICS Village, a nonprofit that educates the public about risks to industrial control systems through live simulations. He also founded and is the chairman of GRIMM, a cybersecurity consultancy. “We’re constantly adding […]
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San Francisco-based Sysdig announced a $68.5 million Series D funding round Wednesday, doubling the amount of money the company has previously raised for its container monitoring and security offerings. Launched in 2013, the company specializes in platforms that help developers handle vulnerability management, more than 200 compliance checks, and security analytics in containers and microservices used in enterprises. Containers have been a big deal in the application development world for a while. The popular infrastructure tech gives developers a way to run applications in a consistent manner across a host of different environments, without wasting computing resources or accumulating large run costs. Among the most well known container services are Docker, rkt, and lxd. 451 Research believes application containers will be a $2.7 billion market by 2020, with an annual growth rate of 40 percent compared to other cloud-enabling technologies. “Enterprises are adopting cloud-native technology for its speed of development, […]
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San Francisco-based Corelight has announced a $25 million Series B funding round, filling its coffers to boost its efforts in commercializing the open source Bro network security monitor. Developed in 1995, Bro was created to study complex patterns in internet traffic in high-performance environments. It has been supported by a host of government agencies, including grants from the National Science Foundation. Corelight has built its products on top of Bro, giving government agencies and large enterprises a way to make sense of the traffic they see on a daily basis. The company’s products support incident response, threat hunting, and other forensic capabilities. “The question today isn’t if the bad guys have access to your network — they do — but instead, what they’ve done once they’ve gotten in,” said Steve Herrod, managing director at General Catalyst and Corelight board member. “Corelight helps security professionals get to breach impact and remediation […]
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Companies today have to navigate a security and compliance maze to make sure that they’re storing customer data safely and not running afoul of any regulations. San Francisco startup Very Good Security (VGS) is trying to fix that problem by handling the data on behalf of businesses. VGS announced Tuesday that it raised $8.5 million in Series A funding. VGS collects its clients’ sensitive customer data — such as payment information or Social Security Numbers — and stores it in its own “vaults.” Whenever the data is required by customer application, VGS identifies it and switches it for “surrogate values” that have the same functionality. “Because VGS maintains multiple compliances and isolates customers from sensitive data, it enables businesses to quickly achieve regulatory compliance,” the company says. VGS says its solution gives companies piece of mind because it takes on the liability of maintaining secure storage systems — companies won’t […]
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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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