Security News
Palo Alto, California-based API protection company Salt Security today announced that it raised $70 million in Series C funding, which brings the total raised to date to $131 million. Salt Security was founded in 2016 and emerged from stealth mode in 2019 with $10 million seed investment.
Cloud data access control solutions provider Immuta this week announced raising $90 million in Series D funding, which brings the total capital invested in the company to $169 million. Founded in 2015, the Boston-based company offers a platform that data engineers and DataOps teams can use to automate data governance, security, access control and privacy protection.
AI officially launched on Thursday with a security investigations platform and $4.6 million in seed funding. AI says it will be used to accelerate adoption of its product.
Managed detection and response solutions provider Huntress on Thursday announced raising $40 million in a Series B funding round, which brings the total raised by the company to $60 million. The Series B round, led by JMI Equity, will help the company expand its platform.
In a letter to the United States House Committee on Appropriations, two members of the Cyberspace Solarium Commission are asking for an increase in funding for the Cybersecurity and Infrastructure Security Agency in fiscal year 2022. Representatives Jim Langevin and Mike Gallagher are pressing for an allocation increase of at least $400 million to the Homeland Security Subcommittee, to support CISA's budget, arguing that the funding is necessary to ensure timely implementation of "Key authorities Congress just passed to strengthen CISA.".
Deep Instinct, a New York-based company that provides threat protection products powered by deep learning, on Thursday announced that it has raised $100 million in a Series D funding round. The latest funding round, which brings the total raised by Deep Instinct to $200 million, was led by BlackRock, with participation from Untitled Investments, The Tudor Group, Anne Wojcicki, Millennium, Unbound, Coatue Management, and others.
Cado Security, provider of a cloud-native digital forensics platform, has secured $10 million in Series A funding, which brings the total amount raised by the company to date to $11.5 million. Founded in April 2020, the London, United Kingdom-based security firm helps enterprises investigate and respond to cyber-incidents in cloud environments.
Despite the coronavirus pandemic, 2020 was a record year in terms of venture capital funding for cybersecurity companies, with more than $7.8 billion invested, according to a new report from business information platform Crunchbase. Data from Crunchbase shows that cybersecurity venture funding has been on an upwards trend over the past decade, with roughly 1,500 companies receiving funding since 2017, 58% of which were seed-stage and 32% were early-stage firms.
Continuing a decade-long run of high venture capital funding, 2020 proved to be a record year for cybersecurity investments with over $7.8 billion pouring into 665 deals globally. Driven by an increase in cybersecurity events during the COVID-19 pandemic, remote work, and companies moving operations online, cybersecurity funding in the U.S. increased 22% from 2019 to 2020, according to Crunchbase's Rise Of Global Cybersecurity Venture Funding report.
Veriff, a provider of automated identity verification technology, today announced that it has secured $69 million in Series B financing, bringing the total amount raised by the company to $92.8 million. Led by investment firms IVP and Accel, the company says the Series B funding will be used to support growth in the U.S. and development of its ID verification offerings.