Security News
Stellar Cyber has received $7.1 million in additional funding in an expansion of its Series A round, bringing the total to $21.8 million. Extending its Series A round has been a more efficient way of absorbing new capital than opening up a subsequent funding round, and given the ongoing investor interest in Stellar Cyber, this extension allows new investors to get on board more quickly and expand market opportunities more quickly.
Santa Clara, Calif-based Ordr has announced additional funding to the Series B funding round announced in December 2019. Ordr was founded in 2015 by Pandian Gnanaprakasam and Sheausong Yang to provide security for the rapidly expanding IoT ecosphere.
US lawmakers have passed legislation offering $1 billion to help telecom carriers "Rip and replace" equipment from Chinese tech firms Huawei and ZTE amid national security concerns. To allay concerns over the impact for small telecom carriers, the bill provides funds to subsidize the removal of equipment "That poses a national security risk" for firms with fewer than two million customers, according to the text.
Endpoint security firm SentinelOne on Wednesday announced that it has raised $200 million in a Series E funding round, at a valuation of more than $1.1 billion, which gives the company "Unicorn" status. The latest funding round, which brings the total raised by SentinelOne to $430 million, was led by Insight Partners, with participation from Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures and previous investors.
Deep Instinct, a cybersecurity company that uses deep learning to predict, identify and prevent attacks, announced on Wednesday that it has raised $43 million in a Series C funding round. The latest funding round, which brings the total raised by Deep Instinct to $100 million, was led by Millennium New Horizons, with participation from Unbound, LG, and NVIDIA. The company says it will use the money to accelerate sales and marketing, and expand business operations globally.
Sysnet Global Solutions, the leading provider of cyber security and compliance solutions operating in over 60 countries worldwide, announced it has secured a significant growth equity investment led by FTV Capital, a growth equity firm with a successful track record supporting high-growth financial services and technology companies, and joined by equal investor True Wind Capital, a technology-focused growth and private equity firm with significant experience in security software and services. Sysnet clients favour Sysnet's managed compliance and security services as an alternative to charging customers non-compliance fees for not complying with the PCI DSS. Any organisations that handles payment card data must comply with PCI DSS. The investment will be used to support Sysnet's rapid growth in North America and Europe, as well as its expansion into new markets including Latin America and Asia.
Cloud security firm CloudKnox Security today announced that it has raised $12 million in a new funding round, which brings its total funding to $22.75 million. Founded in 2015 and headquartered in Sunnyvale, California, CloudKnox provides a cloud security platform designed to monitor and manage identities, actions, and resources across private and public cloud infrastructure.
Cyber threat detection provider Intezer this week announced it has raised $15 million in a Series B funding round. The new funding, Intezer CEO and Co-founder Itai Tevet says, will be used to accelerate sales growth and expand into the threat protection market.
Developer-focused cybersecurity solutions provider Snyk today announced a $150 million funding round, at a valuation of more than $1 billion, earning the company "Unicorn" status. Snyk, which helps software developers discover and patch vulnerabilities in open source libraries and containers, has raised $250 million to date, including a $70 million investment round in September 2019.
Waterfall Security Solutions, the OT security company, announced a major expansion into new markets and industry verticals. In support of this expansion, Waterfall has secured a significant new funding round to enable aggressive growth.