Security News

Momentum Cyber announced firm promotions, team expansion, and record firm performance and transaction velocity to kick off 2021. Momentum Cyber announces the promotion of two key members of the firm's senior advisory team, Dino Boukouris and Keith Skirbe, who have been promoted to Managing Director.

The funds will be used to accelerate product development and global market expansion for the company's cyber attack infrastructure identification and blocking technology. "HYAS turns the table on attackers by exposing and blocking their infrastructure, and communication channels," said Dave Ratner, CEO, HYAS. "This new round of financial support and the deep expertise of our new and existing partners will help us accelerate the execution of our vision on a global scale."

Looking to take advantage of a growing global market for its bot protection technologies, PerimeterX has banked a new $57 million round of venture capital funding. PerimeterX said AllianceBernstein led the new capital raise, and was joined by new investors Stereo Capital, JS Capital and Golden Arc Capital.

uCloudlink is accelerating its global expansion plans with the addition of new business partners in North America. uCloudlink has recently established a partnership with Cello in a move that sets the foundation for its future growth in the region.

"Since day one, we've believed that no company operating in the cloud should ever lose data. We are laser-focused on achieving our vision of a single pane of glass for companies to manage, backup, and secure all of their SaaS data," said Sam Gutmann, CEO of OwnBackup. "As cloud adoption and digital transformation accelerate, the data produced by and stored in SaaS applications is growing even faster. Executives recognize that their approach to cloud data management and security must evolve and adapt to a cloud-native paradigm. Our platform is purpose-built for cloud-to-cloud backup and protection and this latest round of funding is the next step in our mission to help our customers truly own their SaaS data."

The first digital risk management platform built for the hybrid cloud, Caveonix RiskForesight dramatically reduces overall cost of compliance by establishing a uniform Risk Management Control Plane that overlays an enterprise's data centers, private clouds, and public cloud deployments. Through this funding, Caveonix will continue expanding in several key areas of product and business development.

LogicGate announces it's secured $8.75 million in growth capital from Greenspring Associates and Silicon Valley Bank. The funding will fuel LogicGate's growth trajectory as the company revenue grew by more than 100 percent in the past year driven by significant customer demand for the Risk Cloud product.

Sysnet Global Solutions announces that it has acquired Viking Cloud to further enhance its technology platform and accelerate its market expansion plans. Viking Cloud delivers asset, event and compliance management through its industry-leading next-generation cloud security platform.

"We are committed to building the database of the future-a one-stop solution that will help organizations leverage their data and improve their productivity, and we are glad to see this mission played out in the market," said Max Liu, PingCAP co-founder and CEO. "With this funding, we can continue to develop our core technologies, advance the global expansion of our offerings, especially the TiDB Cloud product, and our solutions and services, as well as our open-source community and ecosystem." TiDB is an open-source hybrid transactional and analytical database targeted at companies that need to handle large volumes of data and scale quickly.

The investment will be used to significantly scale the company through rapid expansion into the mission-critical SaaS applications market, starting with protection and compliance for Salesforce and SuccessFactors applications. This new support for mission-critical SaaS applications enables Onapsis to execute its vision of protecting the intelligent enterprise and accelerating digital transformation initiatives by delivering cybersecurity and compliance solutions for all mission-critical applications running on-premises and hosted on cloud Infrastructure as a Service, Platform as a Service and Software as a Service, as well as the API-based integrations between them.