A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – ENTERPRISE SECURITY
- Armor Defense, a cloud infrastructure security company raised $89M in a Series F round led by ST Telemedia. Link
- Cloud security and management provider, CloudCheckr raised $50M in a Series A round led by Level Equity. Link
- An industrial cyber security company, PAS raised $40M in a Series B round from Tinicum. Link
- Crowdsourced security testing platform, Synack raised $21M in Series C round led by Microsoft Ventures. Link
- CyberGRX, a third-party cyber risk assessment provider raised $20M in a Series B round led by BVP. Link
- Cloud security company, Dome9 Security received a $16.5M in a strategic investment from SoftBank. Link
- ClearData, a healthcare focused cyber security solution provider raised an additional $12M in the Series C round from existing investors. Link
- Bayshore Networks, an industrial cyber security solution provider raised $11M in a Series A round from 14 undisclosed investors. Link
- LogPoint, a SIEM provider received $10M in the Series B round led by Evolution Equity Partners. Link
- Network security company, SlashNext raised $9M in the Series A round co-led by NVP and Wing Venture Capital. Link
- Corero Network Security raised $7M in a post-IPO equity placement to focus on sales and marketing. Link
- VU Security, an identity theft prevention company received $4.3M in a Series A round co-led by INICIA and NXTP Labs. Link
- Website fraud prevention startup, Smyte raised $4M in a Series A round led by Avalon Ventures. Link
- Email security company, CheckRecipient raised $2.7M in a Series A round co-led by Accel and LocalGlobe. Link
- Two-factor authentication provider, Innefu raised $2M in a Series A round led by IndiaNivesh Venture Capital Fund. Link
- Insider threat detection company, Ekran Systems received a Seed investment of $50k from a business accelerator, MACH37. Link
- NeoEYED, a behavioral biometrics based IAM provider received a Seed investment of $50k from a business accelerator, MACH37. Link
- Spherical Defence Labs, a web application firewall company graduated at GCHQ accelerator and received a grant of $6k from Wayra. Link
- HackerOne, a crowdsourced security testing provider raised an undisclosed strategic investment from EQT Ventures. Link
- MailProtector, an email security company received an undisclosed amount of mezzanine debt funding from Lighter Capital. Link
- Wicks, a private investment firm acquired a controlling stake in an anti-fraud company, EZShield from EdgeStone Capital Partners. Link
- Website security provider Sucuri acquired by GoDaddy, a web-hosting company to strengthen WordPress security in an undisclosed deal. Link
- MasterCard acquired NuData Security, an anti-fraud company in an undisclosed deal. Link
SOME INTERESTING STARTUPS FOUND
Elevate Security (2017, SF) – Stealth mode anti-phishing intelligence solution leveraging behavioral science.
CyberCrypt (2017, Copenhagen) – Whitebox cryptography-based digital security and protection solution.
Armosens (2016, Tel Aviv) – Virtualization based threat detection for application security.
LEADER BOARD – ENTERPRISE SECURITY
Suite
Symantec (1982, Mountain View, IPO) – Enterprise security solution suite for enterprise & personal users. Went IPO in 1989.
Kaspersky (1997, Moscow, $200M) – Security solution suite for businesses and consumers, Backed by General Atlantic.
FireEye (2004, Milpitas, IPO) – Enterprise security solution for network, endpoint, mobile devices, email, and threat intelligence. Went IPO in 2013.
Network Security
Palo Alto Networks (2005, Santa Clara, IPO) – Advanced firewalls designed to provide network security, visibility and granular control of network activity. Went IPO in 2012.
StackPath (2015, Dallas, $180M) – Network security as a service, secure CDN & VPN service. Backed by ABRY Partners.
Barracuda Networks (2002, Campbell, IPO) – Appliance based network threat detection solutions. Went IPO in 2013.
Zscaler (2008, San Jose, $148M) – Network traffic analysis for application profiling and cloud security. Backed by LSVP, Google Capital, TPG, EMC.
BYOD Security
Blackberry (1984, Waterloo, IPO) – Enterprise Mobility management suite company. Went IPO in 1999.
Good Technology (1996, Sunnyvale, $522M, Acq.) – Enterprise mobility & security solution. Acquired by Blackberry in 2015.
Lookout (2007, SF, $284M) – Mobile security against zero-day threats. Backed by Accel, A16Z, Greylock.
Airwatch (2003, Atlanta, $225M, Acq.) – Enterprise mobility management & security for BYOD. Acquired by Vmware in 2014.
Endpoint Security
Qihu 360 Software (2005, Beijing, $575M) – Anti-virus solution for desktop, laptop, and mobile devices. Backed by Sequoia, HCP, CDH Fund, IDVC, Matrix Partners, Redpoint.
Tanium (2007, Berkeley, $301.5M) – Helps manage and secure enterprise endpoints. Backed by A16Z, TPG, IVP, Franklin Templeton.
AVG (1991, Amsterdam, Acq.) – Anti-virus solution on endpoint devices for online security. Acquired by Avast in 2016.
Cloud Security
Armor Defense (2009, Richardson, $149M) – Cloud infrastructure security & secure cloud hosting service. Backed by The Stephens Group, Performance Edge Partners, Arizona Tech Investors.
Illumio (2013, Sunnyvale, $142M) – Visibility and control over workloads running in any data center. Backed by Accel, A16Z.
Netskope (2012, Los Altos, $131M) – Cloud access security broker solution for the enterprise. Backed by LSVP, Accel, Social+Capital Partnership, Iconic Capital.
Application Security
Veracode (2006, Burlington, $114.5M, Acq.) – Automated static, dynamic and mobile application security testing service. Acquired by CA Technologies in 2017.
Checkmarx (2006, NYC, $98.5M) – Static code analysis tools to identify security vulnerabilit
HackerOne (2012, SF, $74M) – Vulnerability disclosure & internet security bug bounty programs. Backed by NEA, Benchmark Capital, Dragoneer Investment Group.
Identity & Access Management
Okta (2008, SF, IPO) – Secure identity management and single sign on. Went IPO in 2017.
Ping Identity (2002, Denver, $137M, Acq.) – Identity management solution for federated access to applications. Backed by DFJ, KKR. Acquired by Vista Equity Partners in 2016.
Centrify (2004, Sunnyvale, $94M) – Unified identity management solutions for both privileged and end-users. Backed by Samsung Ventures, Docomo Capital, Accel, Mayfield.
Security Analytics
Tenable Networks (2002, Columbia, $310M) – Continuous network monitoring & vulnerability management solution. Backed by Accel & Insight Partners.
Sumo Logic (2010, Redwood City, $160.5M) – Cloud-based network log management and analytics. Backed by DFJ Growth, IVP, Sequoia, Accel, Greylock.
Skybox Security (2002, San Jose, $144M) – Risk analytics & remediation recommendation of enterprise threats. Backed by SGEP, Providence Equity, LSVP, Benchmark.
Threat Intelligence
LookingGlass Cyber (2006, Arlington, $77M) – Threat intelligence-based security & dynamic threat defense. Backed by New Spring Capital, Alsop Louie Partners, Vital Financial.
Prevalent (2004, Warren, $72M) – Partner cyber-risk management solution. Backed by Insight Venture Partners, Spring Mountain Capital, Fulcrum Equity Partners.
RiskIQ (2009, SF, $68M) – External threat management and intelligence platform. Backed by Summit Partners, Battery Ventures, Georgian Partners, MassMutual Ventures.
Data Security
SafeNet (1983, Belcamp, $139M, Acq.) – Encryption & key management based data security. Acquired by Gemalto in 2014.
Digital Guardian (2003, Waltham, $125M) – Endpoint data loss prevention solution. Backed by Fairhaven Capital, Mass Mutual, Siemens Finance.
Ionic Security (2011, Atlanta, $122M) – Centralized policy, encryption and control based data security. Backed by KPCB, Google Ventures, Goldman Sachs, Tech Operators, JAFCO, FF VC, Meritech Capital Partners.
Website Security
CloudFlare (2009, SF, $182M) – Security and performance solutions for websites using a collective intelligence of its network community. Backed by USV, NEA, Qualcomm Venture, MS Ventures, GV.
Shape Security (2011, Mountain View, $131M) – Website security by making subtle transmutation of underlying HTML page code of web pages, deceiving attackers. Backed by KPCB, GV, NVP.
CDNetworks (2000, Campbell, $96.5M, Acq.) – Cloud acceleration based DDoS security, CDN, and WAF. Acquired by Wangsu Science & Technology in 2017.
Email Security
MimeCast (2003, London, IPO) – Saas based email security by re-routing and analyzing emails. Went IPO in 2015.
Proofpoint (2002, Sunnyvale, IPO) – Email security based on secure email gateways. Went IPO in 2012.
Anti-Fraud
Lifelock (2005, Tempe, $178M, Acq.) – Identity theft protection & payment fraud prevention. Acquired by Symantec in 2017.
Pindrop Security (2011, Atlanta, $122M) – Machine learning and multi-factor analysis based phone fraud detection and prevention. Backed by Google Capital, A16Z, IVP, Felicis.
ThreatMetrix (2005, San Jose, $92.5M) – Fraud prevention & context-based authentication solution. Backed by USVP, SVP, Silicon Valley Bank, Tenaya Capital, August Capital, Talu Ventures, Adams Street Partners.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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