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As Middle Eastern countries accelerate digital transformation through smart cities, AI adoption, and giga-projects, cybersecurity threats are evolving faster than defenses can keep up. Every time a new security measure is implemented, attackers find ways to bypass it within a short period. Partnerships are crucial in this ecosystem.
Siga OT Solutions, an Israeli cybersecurity startup that helps organizations secure their operations by monitoring the raw electric signals of critical industrial assets, has raised $8.1 million investment lands three years after the startup secured $3.5 million in Series B funding. million in Series A funding.
Cybersecurity firm Armis Security closed a $200 million Series D led by Alkeon Capital and General Catalyst. In 2020, Insight Partners bought a large stake in the startup. Cyber companies help companies protect large assets like manufacturing facilities and energy infrastructure. billion valuation.
SentinelOne, a late-stage security startup that helps organizations secure their data using AI and machine learning, has filed for an IPO on the New York Stock Exchange ( NYSE ). In an S-1 filing on Thursday , the security company revealed that for the three months ending April 30, its revenues increased by 108% year-on-year to $37.4
Job titles like data engineer, machine learning engineer, and AI product manager have supplanted traditional software developers near the top of the heap as companies rush to adopt AI and cybersecurity professionals remain in high demand. Many companies are also hiring for infrastructure and specialized engineering roles, Thomasian says.
growth this year, with data center spending increasing by nearly 35% in 2024 in anticipation of generative AI infrastructure needs. This spending on AI infrastructure may be confusing to investors, who won’t see a direct line to increased sales because much of the hyperscaler AI investment will focus on internal uses, he says.
Last year was record-breaking for the cybersecurity market. Data from Momentum Cyber, a financial advisory firm for the security industry, showed that cybersecurity startups raised a “record-shattering” $29.5
George Gerchow is the chief security officer at Sumo Logic. He spent 16 years in the Marine Corps in various military and civilian roles, but none directly involved cybersecurity. In 2020, Roland was promoted to senior SOC manager. Cybersecurity is too important to risk having team members who can’t (no pun intended) hack it.
Cybersecurity continues to be a major area for investment among businesses — and VCs. While a decline from the previous year, venture capital funding in the cybersecurity sector totaled $18.5 PitchBook data shows a decline in cybersecurity valuations at the seed and Series A stages in particular.
Ecuadorian payments infrastructure company Kushki has raised $100 million in an extension to its Series B round, more than doubling its valuation to $1.5 Put simply, Kushki aims to help make it easier, cheaper and more secure for businesses across LatAm to send and receive/process digital payments. Europe, APAC and Brazil.
I edited hundreds of stories in 2020, so choosing my favorites would be an exercise in futility. “Enterprise expenditure on custom software is on track to double from $250 billion in 2015 to $500 billion in 2020,” so we’ll definitely be diving deeper into this topic in the coming months. Cybersecurity.
Startups building financial infrastructure got noticed. While most African pre-seed investments in 2020 went to fintech, there were exceptions, including Egyptian edtech startup Zedny, which raised $1.2 Egypt’s Shahry and Nigeria’s Evolve Credit are fintech startups building credit infrastructure for their markets.
Cloud security startup Monad, which offers a platform for extracting and connecting data from various security tools, has launched from stealth with $17 million in Series A funding led by Index Ventures. . “Security is fundamentally a big data problem,” said Christian Almenar, CEO and co-founder of Monad.
CIOs are responsible for much more than IT infrastructure; they must drive the adoption of innovative technology and partner closely with their data scientists and engineers to make AI a reality–all while keeping costs down and being cyber-resilient. That mandates an end-to-end, multi-layered, dynamic cybersecurity approach.
Global venture investment in 2024 was above the pre-pandemic year of 2019, but below 2018 and 2020 amounts at $346 billion and $350 billion, respectively. Infrastructure and data provisioning to manage and operate AI grew. Of those AI dollars, almost a third of all AI funding went to foundation model companies.
Veriti, a platform for unifying cybersecurityinfrastructure, today emerged from stealth with $18.5 Veriti’s launch comes as VCs continue to show enthusiasm for cybersecurity startups despite the generally unfavorable funding climate. billion in 2020. “Enterprise security posture is usually sub-optimal. .
1 - New cyber guides unpack how to secure network edge wares Looking for insights and best practices for preventing and mitigating cyberattacks against network edge hardware and software devices, such as routers, VPN gateways, IoT devices, web servers and internet-facing operational technology (OT) systems? And a new U.K. And much more!
Security has a data problem. Tishbi — who spent time at CitiBank and digital entertainment startup Playtika before joining Datorama — says he often worked with security teams that had to juggle dozens of different tools, each with their own taxonomies and outputs, in order to get projects finished on time.
Innovate Shane McDaniel, CIO for the City of Seguin, Texas, says his city has grown by about 35% since the 2020 census. I am excited about the potential of generative AI, particularly in the security space, she says. So, in keeping with the New Years spirit, we asked multiple CIOs about their professional resolutions for 2025.
Oi Yee Choo, chief commercial officer of digital securities platform iSTOX. iSTOX , a digital securities platform that wants to make private equity investment more accessible, has added new investors from Japan to its Series A round, bringing its total to $50 million. million in funding.
ADIB-Egypt has announced plans to invest 1 billion EGP in technological infrastructure and digital transformation by 2025. From the launch of its mobile banking app in 2020 to the enhancement of its internet banking services, ADIB-Egypt has consistently focused on providing convenient, secure, and user-friendly digital banking solutions.
In 2020, 11:11 CEO Brett Diamond noticed a gap in the market. Virtually every company relied on cloud, connectivity, and security solutions, but no technology organization provided all three. Orsini notes that it has never been more important for enterprises to modernize, protect, and manage their IT infrastructure.
To combat this, railway companies demand more robust cyber solutions and lawmakers across the globe call for more effective cybersecurity regulations. Cylus , a Tel Aviv-based rail cybersecurity startup, built a cybersecurity solution, CylusOne, to protect the global mainline and urban railway companies from an array of threats and risks.
Enter Securiti , a startup launched in 2019, originally with the idea of focusing on one aspect of data control, data privacy. But the company had the vision of building a broad platform of services to deal with not just privacy, but also data security, governance and compliance. It seems to be working.
million packages in 2020, and hit the 2.5 While the company would not disclose hard revenue figures, Patton says it tripled its year-over-year ARR (annual recurring revenue) in 2020 and GAAP revenue grew 6x year-over-year. The money will also go toward investing in its tech stack and operational infrastructure, Patton said.
As the enterprise device supply chain grows increasingly global and fragmented, it’s becoming more challenging for organizations to secure their hardware and software from suppliers. Eclypsium’s cloud management dashboard Image Credits: Eclypsium.
I give credit to all the team members within my group, from help desk to infrastructure to the application and software engineers to all of Novanta team members, because you can’t do cybersecurity alone, it’s a team event. And as life happened between 2020 and now, here we are in 2024, kicking it off. So, always be honest.
Aqua Security , a Boston- and Tel Aviv-based security startup that focuses squarely on securing cloud-native services, today announced that it has raised a $135 million Series E funding round at a $1 billion valuation. In total, Aqua Security has now raised $265 million since it was founded in 2015.
How did fashion marketplace Poshmark go from posting regular losses in 2019 to generating net income in 2020? The breach of FireEye and SolarWinds by hackers working on behalf of Russian intelligence is “the nightmare scenario that has worried cybersecurity experts for years,” reports Zack Whittaker. Stage Light on Black.
Few organizations use a single cloud infrastructure vendor, and figuring out how to configure security across multiple clouds can be a challenge for companies. Cisco announced over the weekend that it intends to acquire Valtix , a startup that helps companies secure their environments across multiple clouds.
The city has undergone infrastructure improvements over the past two decades, tourism has boomed thanks to attractions such as the shipyard where the RMS Titanic was built and Game of Thrones shooting locations, and employment has risen steadily in the city since 2016, according to Northen Ireland’s Department for the Economy.
The cloud may be the direction that much of enterprise IT is moving today, but it still remains a major source of security issues, with some 98% of all enterprises in a recent survey reporting that they have contended with a cloud-related security breach in the last 18 months. Shaked worked for some time at Magic Leap.
That includes two cybersecurity firms and two companies in the transportation space. Island , $250M, cybersecurity: Dallas-based enterprise browser developer Island raised a $250 million Series E at a $4.8 Founded in 2020, the company has raised $810 million, per Crunchbase. A big week for big-money rounds. billion valuation.
Back in 2015, researchers Charlie Miller and Chris Valasek remotely hacked into a Jeep Cherokee driven by a Wired reporter , Andy Greenberg, in an attempt to warn the auto industry of potential pitfalls in their software and inspire legislation around automotive cybersecurity. Upstream Security reels in $9M Series A to protect connected cars.
The extra money followed big traction in 2020 for the Armenian company, which grew its customers and revenue by more than an order of magnitude. To be specific, Baghdasaryan told me that 2020 brought the company a 20x increase in active users, a 23x increase in enterprise accounts and 13x improvement of annual recurring revenue.
Brick was founded in 2020 by chief executive officer Gavin Tan, an early employee at Aspire, a neobank for small- to mid-sized businesses, and chief technology Deepak Malhotra, previously co-founder of Indian neobank Slice and a former PayPal engineer. For example, Bank Indonesia published open banking API standards in 2020.
The startup added 70 integrations with identity providers, security tools, collaboration software, ticketing and cloud infrastructures platforms in 2021 alone. . The startup had commercial agreements with Similarweb, Riskified, Fiverr, Unity and more. . There is an insatiable appetite for data protection and privacy today.
What makes ZenGo different from other wallet apps is that the company is trying to build something that is more secure than your average crypto wallet while remaining simple to use and understand. Other crypto companies focused on infrastructure and enterprise clients have also opted for MPC as their security model.
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. Image Credits: Axio.
The company announced today that it is now the highest-valued digital asset infrastructure provider in the world after receiving an $8 billion valuation, nearly four times higher than the sum it commanded during its Series D six months ago. “They can customize [our product] exactly according to their policies and requirements.”.
VPN technologies have long been the backbone of remote access, but according to new ThreatLabz research, the security risks and performance challenges of VPNs may be rapidly changing the status quo for enterprises. One key striking trend: enterprises are beginning to transition en masse to adopt zero trust solutions.
The instant payment platform lets merchants make, manage and receive secure payments by connecting directly from the payer’s bank to a merchant’s bank. . According to FIS’s global payment report 2020, A2A payments will take up 20% of all e-commerce payments, surpassing credit and debit cards by 2023. .
Quantum computing promises to unlock a new wave of processing power for the most complex calculations, but that could prove to be just as harmful as it is helpful: security specialists warn that malicious hackers will be able to use quantum machines to break through today’s standards in cryptography and encryption.
You will be excused if you haven’t heard of Wiz , an 18-month-old Israeli security startup from Microsoft Azure vets, but it has already been turning heads by raising $550 million on a $6 billion valuation. (No, The way it works is that admins can define the security policy they want to apply to the code in the pipeline.
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