Security News
Start-Up Nation Central, the independent not-for-profit organization connecting global corporations, investors, and governments to the Israeli tech innovation ecosystem, revealed that Israel's FinTech sector experienced a record-breaking first half of 2021 in terms of VC investments. According to a data gathered from Start-Up Nation Central Finder, Israeli companies raised $2.3B in the first half representing a staggering 260% increase over H1 2020 funding, and even surpassing the 2020 full-year total of $1.8B by 28%. Investments in FinTech made up 19% of the total funding in Israeli innovation technology companies during H1, which amounted to $12.2B. When it comes to international comparisons, data from PitchBook showed that Israel's 28% increase in FinTech funding over the 2020 total surpassed the 20% increase in US company funding and the negative growth exhibited by the Asian ecosystem but fell short of Europe's impressive 63% growth during the same period.
SynSaber, a new industrial cybersecurity company, announced its launch this week with $2.5 million in seed funding from SYN Ventures, Rally Ventures and Cyber Mentor Fund. The Chandler, Arizona-based company was founded in 2020 by Jori VanAntwerp, who serves as the company's CEO, and Ron Fabela, its CTO. VanAntwerp previously worked at Gravwell, industrial cybersecurity firm Dragos, CrowdStrike, McAfee and FireEye.
Cybersecurity firm raises $30 Million to support growth of its AI-based DNS threat protection system. Washington, DC-based DNS security firm DNSFilter has closed a $30 million Series A funding round led by Insight Partners, and supported by original seed investor, Arthur Ventures.
Software workload protection solutions provider Virsec on Wednesday announced raising $100 million in a Series C funding round, which brings the total raised by the company to $137 million. John Chambers, former CEO and chairman of Cisco, Mike Ruettgers, former CEO and chairman of EMC, as well as several former government and intelligence officials also invested in Virsec.
Data security startup Code-X this week emerged from stealth mode, announcing the launch of its lattice-based data protection platform and a $5 million Series A funding round led by By Light Professional IT Services, with participation from fama Ventures. The St. Petersburg, Florida-based company aims to provide a new approach to securing sensitive information by protecting data from the moment of creation throughout its entire lifecycle.
To support increased market demand, the company today announced a two million dollar investment from leading venture capital group Fellows. Fund Managing Director, "InsightFinder's groundbreaking approach was vetted by the experts in the field, and the Fellows' network and connections are poised to foster the company's success."
Breach and attack simulation solutions provider AttackIQ today announced that it has raised $44 million in a Series C funding round that brings the total raised by the company to approximately $79 million. The funding round was led by Atlantic Bridge, with participation from new investors Saudi Aramco Energy Ventures and Gaingels, as well as existing investors Index Ventures, Khosla Ventures, Salesforce Ventures, and Telstra Ventures.
The enterprise asset management space just got a bit more crowded with the launch of Sevco Security, an early-stage startup selling a "Cloud-native security asset intelligence platform." Sevco Security, based in Austin, Texas, has raised $15 million in Series A funding led by SYN Ventures.
API security platform Noname Security today announced that it has raised $60 million in Series B funding. Founded in 2020, the Silicon Valley-based enterprise API security startup aims to help organizations secure both managed and unmanaged APIs.
Healthcare data management provider HealthVerity this week announced that it has raised $100 million in Series D funding, which brings the total raised by the company to $142 million. Founded in 2014, the Philadelphia-based company provides the IPGE platform, which healthcare enterprises and pharmaceutical companies can use to access and manage healthcare data.