Security News
In the first half of 2022, the cybersecurity industry saw venture capital funding continue to pour into the space, according to Momentum Cyber's Market Review for 1H 2022. These trends are tracked by Momentum Cyber, the industry's first investment bank focused exclusively on cybersecurity, in its Cybersecurity Market Review for 1H 2022.
In 2020, cybersecurity companies raised $8.9 billion globally, and in 2021 the amount jumped to over $21 billion. While the data is very exciting and promising for the cybersecurity industry as a whole, there's one big question that has not been answered: How much of the funding went to companies led by women?
In this video for Help Net Security, Yonit Wiseman, Associate at YL Ventures, talks about the Israeli cybersecurity funding landscape in the past year. The Israeli cybersecurity industry has seen a rapid growth in the last decade, as many companies have reached the global market.
Cybersecurity firm BlueVoyant has taken $250m in a fresh funding round announced this week, pushing the company's valuation past the $1bn mark. BlueVoyant is led by Jim Rosenthal, formerly chief operating officer at Morgan Stanley.
Likely inspired by the LockBit ransomware gang, a Nigerian threat actor tried their luck with a $1 million payment lure to recruit an insider to detonate a ransomware payload on the company servers. With introductions no longer needed, the threat actor delivered the ransomware payload and the conversation kept flowing over Telegram, providing insight into the motivation and technical abilities of the scammer.
SIGA OT Solutions, an Israel-based company that specializes in operational technology cybersecurity solutions, on Monday announced raising $8.1 million in a Series B funding round. The latest investment, which brings the total raised by the firm to $15 million, was led by Dutch investment firm PureTerra Ventures, with participation from Israeli venture fund SIBF, Moore Capital, and Germany-based industrial solutions provider Phoenix Contact.
Connected device security provider Finite State on Monday announced that it has raised $30 million in Series B funding. To date, the company has raised $49.5 million.
SolCyber has emerged from stealth with $20 million in Series A funding from ForgePoint Capital, claiming to be the first modern MSSP for the mid-market. Venture funding for an MSSP is not unknown, but not common.
Risk and compliance solutions provider LogicGate this week announced that it has raised $113 million in a Series C funding round, bringing the total raised by the company to $156 million. The funding round was led by growth equity firm PSG, with participation from existing investor Greenspring Associates.
Cyber asset management and controls platform Noetic Cyber emerged from stealth mode today and also announced that it has raised $20 million in Series A funding. Founded in 2019, with headquarters in Boston and London, Noetic claims to take a new approach to cybersecurity, relying on API aggregation and correlation to gather data from security and IT management tools.