Forgepoint Capital Places $20M Series A Bet on Converge Insurance

Forgepoint Capital makes another investment in the cyber-insurance sector with a $15 million Series A investment in Converge Insurance.
The post Forgepoint Capital Places $20M Series A Bet on Converge Insurance appeared first on SecurityWeek.
Continue reading Forgepoint Capital Places $20M Series A Bet on Converge Insurance

Cyware Snags $30M for Threat Intel Infrastructure Tech

New York startup $30 million in new financing to fuel plans to take advantage of the demand for AI-powered threat-intel security tools.
The post Cyware Snags $30M for Threat Intel Infrastructure Tech appeared first on SecurityWeek.
Continue reading Cyware Snags $30M for Threat Intel Infrastructure Tech

White House backed fund promises to accelerate ‘deep tech’ advancements in cybersecurity

The fund will focus on quantum computing, artificial intelligence, and microelectronics, all of which CEO Gilman Louie sees as critical to cybersecurity and U.S. national security.

The post White House backed fund promises to accelerate ‘deep tech’ advancements in cybersecurity appeared first on CyberScoop.

Continue reading White House backed fund promises to accelerate ‘deep tech’ advancements in cybersecurity

Inside the numbers of another big year for cyber mergers, acquisitions and investments

Sustained demand for cybersecurity services and continued innovation across the industry helped 2021 become a record-setting year for deals involving cyber companies, analysts say. The funding that flowed into cyber companies increased 136% over 2020 levels, to $29.3 billion, up from $12.4 billion the previous year, according to the executive summary of a report from Momentum Cyber, which advises cyber companies on mergers and acquisitions. Likewise, the total volume of mergers and acquisitions activity reached $77.5 billion, up 294% from calendar year 2020, according to the report. Several trends are driving those numbers, analysts and executives say: Companies across the economy have expanded their budgets for reliable cybersecurity services, boosting revenues for the industry. In turn, big investors — including private equity groups and venture capitalists — are following that money. And as cyberthreats increase in severity and complexity, smaller firms continue to develop valuable expertise in niche areas of […]

The post Inside the numbers of another big year for cyber mergers, acquisitions and investments appeared first on CyberScoop.

Continue reading Inside the numbers of another big year for cyber mergers, acquisitions and investments

Affinity, a relationship intelligence company, raises $80M to help close deals

Affinity is focused on industries like investment banking and venture capital, where there aren’t CRMs or networking platforms that cater to the specific needs of the long-term relationship. Continue reading Affinity, a relationship intelligence company, raises $80M to help close deals

Extra Crunch roundup: Toast and Freshbook S-1s, pre-pitch tips, flexible funding lessons

The digital transformation currently sweeping society has likely reached your favorite local restaurant. Since 2013, Boston-based Toast has offered bars and eateries a software platform that lets them manage orders, payments and deliveries. Over the last year, its customers have processed more than $38 billion in gross payment volume, so Alex Wilhelm analyzed the company’s […] Continue reading Extra Crunch roundup: Toast and Freshbook S-1s, pre-pitch tips, flexible funding lessons