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In fact, it took $200 million or more to make the list last month, as defense tech and cybersecurity led the way. NinjaOne , $500M, cybersecurity: NinjaOne, which provides endpoint management, security and monitoring, raised $500 million in Series C extensions at a $5 billion valuation more than doubling its value from just 12 months ago.
To cope with the challenges that this poses, organizations are turning to a growing range of AI-powered tools to supplement their existing security software and the work of their security teams. million security professionals in the workforce globally.). trillion by 2025. Cymulate cites figures from the U.S.
This necessitates continuous adaptation and innovation across various verticals, from data management and cybersecurity to software development and user experience design. Let’s talk about strengthening the four major pillars from an attacker’s perspective, as they form the core of any organization’s security.
Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. Versa’s large round suggests that, despite the market downturn, VCs haven’t lost faith in cybersecurity vendors yet. billion in 2021).
While it seems like every company is cutting, some industries are on an upward swing, including cybersecurity. Christina Cacioppo started Vanta in 2016 and has raised $202.95 The company is fascinating to me because it does the most boring but important work around compliance and security automation.
Companies (and VCs ) spend billions of dollars on cybersecurity, but primarily focus on protecting infrastructure or endpoints. According to one 2021 survey, 61% of security leaders in the enterprise believed their cybersecurity teams to be understaffed. ” Kumar founded Fortanix alongside Anand Kashyap in 2016.
The mother lode of meltdowns A faulty software update from cybersecurity vendor CrowdStrike in mid-July caused about 8.5 The companys global CIO didnt offer details but noted that the outage was not related to a cybersecurity attack. One glitch blocked parents without Social Security numbers from filling out the form.
Cloud monitoring platform Datadog has announced that it plans to acquire Sqreen , a software-as-a-service security platform. Originally founded in France, Sqreen participated in TechCrunch’s Startup Battlefield in 2016. Sqreen is a cloud-based security product to protect your application directly. Sqreen raised a $2.3
Rapid7 , the Boston-based security operations company, has been making moves into the cloud recently and this morning it announced that it has acquired Kubernetes security startup Alcide for $50 million. Rapid7 is acquiring DivvyCloud for $145M to beef up cloud security.
Verkada , a developer of security systems for the real world, locked up a $200 million Series E led by General Catalyst that values the San Mateo, California-based firm at $4.5 Founded in 2016, Verkada says it has raised more than $700 million in funding. Today, more than 1.5 Today, more than 1.5
In fact, companies today use 89 SaaS apps on average, up 24% since 2016, according to Okta. The startup’s success can be partially attributed to strong investor interest in the cybersecurity sector — interest that has proven robust to macroeconomic headwinds (so far). Cybersecurity VC funding surged to a record $11.5
Marcus Taylor has worked as an executive and thought leadership writer for the information technology industry since 2016, specializing in SaaS, healthcare IT, cybersecurity, and quantum computing. Learn about Nutanix’s AI platform, GPT-in-a-Box , and the latest IT industry trends in the 2024 Enterprise Cloud Index report.
Of course, SoftBank knows quite a bit about the Arm ecosystem, having acquired British chipmaker Arm Holdings in 2016 for $32 billion. In the past two weeks, the firm led two large investments: a $130 million Series C for solar technology startup Terabase Energy and a $120 million late-stage financing for cybersecurity provider Cybereason.
Enterprise IT struggles to keep up with siloed technologies while ensuring security, compliance, and cost management. Deploying AI workloads securely and efficiently across these locations remains a challenge for IT organizations. AI models are often developed in the public cloud, but the data is stored in data centers and at the edge.
The Internet of Things has a security problem. The past decade has seen wave after wave of new internet-connected devices, from sensors through to webcams and smart home tech, often manufactured in bulk but with little — if any — consideration to security. Security veteran Window Snyder thinks there is a better way.
Schwarz Group , an EU-based retail company, announced today that it has acquired Israeli security startup XM Cyber for $700 million. XM helps customers simulate what an attack could look like to expose flaws and openings in a company’s security posture with the goal of shutting down vulnerabilities before an actual cyberattack happens.
Deepak Jain, CEO of a Maryland-based IT services firm, has been indicted for fraud and making false statements after allegedly falsifying a Tier 4 data center certification to secure a $10.7 million contract with the US Securities and Exchange Commission (SEC). Queries to AiNET, however, did not elicit any response.
Axio , a platform for cybersecurity risk evaluation, today announced the closure of a $23 million Series B round led by Temasek’s ISTARI, with participation from investors NFP Ventures, IA Capital Group and former BP CEO Bob Dudley. Department of Energy. Image Credits: Axio.
In a sign that pure equity financing is getting harder to come by, cybersecurity firm Arctic Wolf , which last July raised $150 million at triple its previous valuation ($4.3 billion), funding to VC-backed cybersecurity startups isn’t on pace to hit last year’s high (over $23 billion).
Several years ago, Jonathan Dambrot, a partner at KPMG, was helping customers deploy and develop AI systems when he started to notice certain gaps in compliance and security. According to him, no one could explain whether their AI was secure — or even who was responsible for ensuring that. What threats, you ask?
But did you know that there is a way to reduce the time spent remediating security issues by up to 50%? In 2016, the State of DevOps Report published its research indicating that high-performing teams spent less than half the time fixing security issues compared to low-performing teams.
Kristian Ranta founded the San Mateo, California-based company in 2016 after his brother, Peter, committed suicide. And today, the startup is announcing that it has secured $38 million in a Series B round of funding, bringing its total raised since its 2016 inception to $51.3 The remaining $8 million was secured in debt.
Cybersecurity platform Expel , which specializes in threat detection and response, today announced that it has raised a $140.3 Expel lands $50M Series D as security operations increase in importance. Image Credits: Expel. With this, the company has now raised a total of $257.9 million and its valuation is now north of $1 billion.
CrowdStrike, a cybersecurity unicorn, files to go public. While two acquisitions don’t necessarily make a trend, it’s clear that security platform players are suddenly seeing the value of being able to process the large amounts of information found in logs, and they are willing to put up some cash to get that capability.
Ross also mentioned Quip, a company Salesforce acquired in 2016, which embeds collaborative business process documents, spreadsheet and chat inside of Salesforce. ” Accord, which offers a platform to manage sales processes, secures $10M by Kyle Wiggers originally published on TechCrunch
million in 2016. And that’s what the Zimbabwean government sought to accomplish when it introduced a financial inclusion scheme from 2016 to 2020. Verification is done on-chain through Algorand, which bills itself as a solution to the blockchain trilemma of security, scalability and decentralization. million in 2020.
” “Fungible’s technologies help enable high-performance, scalable, disaggregated, scaled-out data center infrastructure with reliability and security,” Girish Bablani, the CVP of Microsoft’s Azure Core division, wrote in a blog post.
Workmate was founded in 2016 to help businesses find frontline staff, while ensuring that workers get consistent employment. To bring PLG to cybersecurity, let’s change our hiring habits. Persol Asia Pacific is part of Persol Holdings, which is listed on the Tokyo Stock Exchange. Workmate’s Thailand team.
Partnering closely with AT&T Cybersecurity, Bhullar and his IT team deployed a mix of advanced security, open-source software, and the AWS cloud to build its venerated Voting Solutions for All People (VSAP) platform, a project that consists of more than two dozen individual systems.
By Chet Kapoor, Chairman & CEO at DataStax Along with the exciting possibilities of generative AI (genAI), there have been concerns around job (in)security and displacement. Instead of viewing it as a threat to job security, organizations can leverage genAI as a tool to empower their workforce and augment their capabilities.
Kiteworks , $456M, cybersecurity: Investors seem to be digging cybersecurity yet again. A week after Abnormal Security closed a $250 million Series D that valued the startup at $5.1 Founded in 2016, this is the company’s first disclosed funding amount, per Crunchbase.
Mahendra Ramsinghani is the founder of Secure Octane Investments , investing in cloud infrastructure and security startups. His previous company, Uhana, launched in 2016, was backed by NEA and had been acquired by VMWare in three years. In 2016, total VC investments in the U.S. Mahendra Ramsinghani. Contributor.
Mono allows them to retrieve information like account statements, real-time balance, historical transactions, income, expense and account owner identification with users’ consent. When we covered the company early in the year, it had already secured partnerships with more than 16 financial institutions in Nigeria.
“We enable organizations to manage IoT devices securely at scale in a consolidated and cost efficient manner,” Dagan told me. This could include devices like security cameras along with access control systems and building management systems involving thousands — or in some instances, tens of thousands — of devices.”The
Several years ago, on a dairy farm in the small Irish village of Dundrum, four technologists — Maxim Dressler, Ryan Lasmaili, Shaun Mc Brearty and Tilo Weigandt — brainstormed solutions for what they saw as a fundamental problem in data security: unencrypted text files. ” Vaultree raises $12.8M
Aiming to help overcome a few of the challenges, Barry Conlon and David Broe co-founded FreightWatch, a logistics security services company that they later sold to supply chain visibility platform Sensitech in 2012. One step toward those growth goals was Overhaul’s acquisition of SensiGuard security services from Sensitech in February.
The raise brings Digital House’s total funding raised to more than $80 million since its 2016 inception. Since it first launched its classes in March 2016, the company has seen a 118% CAGR in revenues and a 145% CAGR in students. How nontechnical talent can break into deep tech. Riverwood has an office in São Paulo).
To help scale its digital mortgage lending platform, the company announced today that it has secured $90 million in debt and equity – with $78 million in debt and $12 million in equity. Since its 2016 inception, Accept.inc says it has helped thousands of buyers, agents and sellers close on “hundreds of millions of dollars” in homes.
Altman, Hover’s founder and CEO, tells me that in 2016 the startup was making some $1 million in revenues. That gives a company like Hover, which has some 35 patents on its technology already secured and has a team building more innovations into the process, a potentially large horizon and set of options for how it might grow.
Yet, after collectively investing an estimated $219B 1 worldwide in cybersecurity, only four in 10 organizational leaders feel confident that security is embedded in their technology and applications according to the Dell Technologies Innovation Index. Why is validated Zero Trust so secure? Why the DoD’s Zero Trust strategy?
About five months after raising $15 million, PassiveLogic , which provides a platform to autonomously control building systems, has secured an additional $15 million in an “off-round” strategic investment from Nvidia’s venture arm, nVentures.
” Since it was founded in 2016, Steer has focused on providing high-level autonomy for valet parking, a bit of tech that it’s been quietly earning revenue on by selling it to automakers. The last two startups were focused on automotive cybersecurity. What do you think the biggest pain point is in automotive cybersecurity?
At first glance, one might think that the WeWork rival, which had raised about $560 million since its 2016 inception, was another casualty of the COVID-19 pandemic. . Workspace provider Knotel secures $400M, putting it in WeWork’s rear-view mirror. “In It then managed the spaces with “flexible” terms.
Michael Patton founded Fetch in May 2016 after being frustrated by having packages lost at the apartment community in which he was living. . “I Fetch Package , a last-mile package delivery company for apartment communities, has raised $50 million in a Series C round of funding and closed on a $10 million venture debt facility.
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