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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.
Cybersecurity venture investment jumped 43% in 2024 from the previous year as big rounds came back strong. Total funding to VC-backed cybersecurity startups hit nearly $11.6 In fact, there were 29 rounds of $100 million or more raised by cybersecurity startups compared to only 18 in 2023. billion last year, per Crunchbase data.
Yonit Wiseman , associate at YL Ventures, champions the Israeli cybersecurity community through technological due diligence and provides value-add support to the firm’s portfolio companies. Over the past decade, the Israeli cybersecurity industry has secured its place as a formidable wellspring of technological innovation.
Cybersecurity firm Armis Security closed a $200 million Series D led by Alkeon Capital and General Catalyst. The San Francisco-based startup last raised a $300 million private equity round in 2021 led by One Equity Partners at a $3.4 The round boosts the company’s valuation nearly 25% to $4.2 billion valuation.
The pandemic has led to new data vulnerabilities, and therefore new cyber security threats. As technology leaders, it's time to rethink some of your product security strategy. Whether you need to rework your security architecture, improve performance, and/or deal with new threats, this webinar has you covered.
But many don’t know how common the technology is and may not realize that they are interacting with it regularly. Throughout 2021, security teams will begin to realize the unconsidered security challenges of robotic process automation. Robotic process automation (RPA) is making a major impact across every industry.
Spin Technology , a data protection software vendor catering to enterprise clientele, today announced that it raised $16 million in a Series A round led by Blueprint Equity with participation from Santa Barbara Venture Partners and Blu Venture Investors. Image Credits: Spin Technology. Cybersecurity VC funding surged to a record $11.5
Generative AI is likely to confuse the capital investor as much as any technology ever has,” he adds. In many cases, CIOs and other IT leaders have moved past the peak expectations about what gen AI can do for their organizations and are headed into more realistic ideas about the future of the technology, Lovelock adds.
Saket Modi is the co-founder and CEO of Safe Security, a cybersecurity and digital business risk quantification platform company. Today’s cybersecurity landscape requires an agile and data-driven risk management strategy to deal with the ever-expanding third-party attack surface. Saket Modi. Contributor. Share on Twitter.
If there is a single theme circulating among Chief InformationSecurity Officers (CISOs) right now, it is the question of how to get stakeholders on board with more robust cybersecurity training protocols. Framing cybersecurity training as an essential investment rather than an optional expense is critical.”
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
startups raised half a billion dollars apiece, and another eight raised $100 million or more, with industries from cybersecurity to biotech to AI represented. The latest startup in the space to get a big chunk of cash is Beta Technologies, maker of electric vertical take-off and landing planes. billion valuation in the process.
Yuval Krigel is an associate at YL Ventures who focuses on deal sourcing, technological due diligence and providing value-add support to the firm’s portfolio companies. The repercussions of this spiral are evident in our 2022 analysis of funding and M&A data for the Israeli cybersecurity ecosystem. billion in 2021 to $3.22
Programming languages are constantly and rapidly evolving in the current world of technology. The year 2021 brings in new hope and changing trends in many industries across the world. The following is the TIOBE Index for February 2021. Most in Demand Programming Languages of 2021. Highly secure programming language.
Stranieri, who has worked in the cybersecurity industry for the past 20 years, got the idea for VU in 2007 after spending hours helping his grandmother verify her identity with the Argentinian government in what turned out to be a two-minute process. It’s time for security teams to embrace security data lakes.
When we penned the intro for this piece last year , little did we know that — in many ways — we’d still be deep in it by the time 2021’s feature rolled around. 2021 also largely lacked the kind of blockbuster crashes we saw last year, courtesy of names like Quibi and Essential. Abundant Robotics (2016-2021).
As such, cloud security is emerging from its tumultuous teenage years into a more mature phase. The initial growing pains of rapid adoption and security challenges are giving way to more sophisticated, purpose-built security solutions. This alarming upward trend highlights the urgent need for robust cloud security measures.
In a world where digital threats loom large, cybersecurity leadership has become paramount. Recognizing the crucial role of cybersecurity leaders in safeguarding the nation’s digital infrastructure, the first edition of the CSO30 Awards recently took place in Dubai, showcasing the cream of the crop in the field.
Opus Security , a cloud security orchestration and remediation platform, today emerged from stealth with $10 million in seed funding led by YL Ventures, with participation from Tiger Global and angel investors. ” Har co-founded Opus with Or Gabay, with whom he worked at security orchestration startup Siemplify.
When I started at Novanta about five years ago, my first mission was to bring scalability to our Enterprise solutions, as well as developing a digital roadmap to modernize the technology footprint, reduce technical debt, and explore strategies to ensure that we’re growing at scale. We need more women in technology.
Start with best practices like making incredible content and securing backlinks to your best web pages, but also be willing to think a bit outside the box. Of course, you should start with best practices like making incredible content and securing backlinks to your best web pages, but you should also be willing to think a bit outside the box.
According to Salt Labs, the research division of Salt Security (which sells API cybersecurity products, granted), API attacks from March 2021 to March 2022 increased nearly 681%. You can no longer easily buy or hire security people, so you need to solve these vulnerabilities via technology.”
Digital twins — virtual representations of actual systems — have become an important component in how engineers and analysts build, visualize and operate AI projects, network security and other complicated architectures that might have a number of components working (or malfunctioning as the case may be) in tandem.
So Greenwald, Shoshan and Sarid, the former CTO of MuleSoft, founded Otterize , which aims to allow developers to securely connect different software services to each other and infrastructure by automatically configuring existing security controls. Otterize today raised $11.5 ” Otterize raises $11.5M
Strike Security, a continuous penetration testing platform that combines automation with ethical hackers , has secured a $5.4 Santiago Rosenblatt, the 25-year-old founder and CEO of Strike , has already racked up two decades of cybersecurity experience. “I I started hacking when I was six-and-a-half,” he tells TechCrunch.
According to the recent Hiscox annual cyber readiness report , 41% of SMBs in the US fell victim to a cyberattack in 2023, a figure that has nearly doubled since 2021. We know that cybersecurity training is no longer optional for businesses – it is essential.
Since 2022, the tech industry has experienced massive layoffs, as large tech companies have reduced their workforce numbers in response to rising interest rates and emerging generative AI technology. Then in August, Intel announced a 15% reduction of its global workforce, amounting to approximately 15,000 jobs.
For past IT mishaps of note, see our biggest IT failure roundups from 2023 and 2021. ] 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.
In a groundbreaking move, the UAE is set to redefine the healthcare landscape, blending cutting-edge technology with medical innovation. Generative AI is one such technology making waves in healthcare. This is why technology like GenAI has four times the value in healthcare compared to other sectors.
Overall venture funding is still far below the 2021 peak , and many that raised during bubblier market conditions turned cautious when the cycle turned. Not just fewer funds; less capital too Not only are investors raising fewer new funds; they’re securing less capital too. This year, a total of $13.7
Funding to the AI sector in 2024 surpassed every year in the past decade, including the peak global funding year of 2021. Other leading sectors included autonomous driving, healthcare, robotics, professional services, security and military, Crunchbase data shows. billion in 2023 Crunchbase data shows.
Skill shortage, sluggish automation, and security concerns plague businesses IDC studies indicate that CIOs face multiple challenges while addressing the business demands of AI. While the technology has existed for some years, a change of attitude is required for its adoption across the environment to be impactful.
Strengthening cybersecurity in the age of AI and Gen AI Marco Pereira 21 Nov 2024 Facebook Twitter Linkedin As cyber threats evolve in complexity, organizations face an urgent need to bolster their defenses. While they offer powerful defense tools, threat actors are also weaponizing these technologies.
The plans also include launching a new security robot alongside its models dedicated to delivery. Neubility operates in a crowded industry that includes peers like Starship Technologies, Coco, Cartken and Kiwibot in the self-driving delivery robot space and Knightscope, which develops security robots.
government sent this week via an advisory to cybersecurity teams, especially those at critical infrastructure organizations. Cybersecurity and Infrastructure Agency (CISA), which issued the joint advisory with the Federal Bureau of Investigation (FBI) and the Multi-State Information Sharing and Analysis Center (MS-ISAC).
Businesses are looking for tech pros with highly specialized skills, as they embrace digital transformation and increasingly rely on technology for core business. percent since 2021, according to Dice. Average salary: US$120,653 Increase since 2021: 15.6% Average salary: US$136,017 Increase since 2021: 14.1%
The advent of new technologies has accelerated the rate of innovation and disrupted the business landscape as we know it. As the pace of innovation speeds up, tomorrow’s front runners are those who readily embrace disruptive technologies to spearhead new business models and capture new avenues of growth.
Cyera , $300M, cybersecurity: After raising a $300 million Series C led by Coatue at a $1.4 billion valuation in April, data security startup Cyera closed another $300 million windfall at more than twice its previous valuation. While a cybersecurity company, Cyera is certainly riding the AI wave.
Meanwhile, an informal Tenable poll looks at cloud security challenges. government is urging software makers to adopt secure application-development practices that help prevent buffer overflow attacks. For more information about the threat from quantum computing: Is Quantum Computing a Cybersecurity Threat?
Back in 2018, Refael Angel, a former security software engineer at Intuit, had an idea for a new approach to protect encryption keys — the random string of bits created to scramble and unscramble data — on the cloud. GitGuardian estimates that app security engineers on average have to handle over 3,400 secrets occurrences.
Technology such as AI has digitized the finance sector, ranging from payments and remittances to lending. However, asset management is still in the nascent stage of digitization, according to the chief strategy officer and co-founder of Akros Technologies , Jin Chung. Image Credits: Akros Technologies.
IT or Informationtechnology is the industry that has registered continuous growth. The Indian informationTechnology has attained about $194B in 2021 and has a 7% share in GDP growth. Hence, it is one of the vast industries of India that can be suitable to build a secure career path. Image Source.
For example, Kyle Wiggers reported that investment into the sector fell in the fourth quarter of 2022 to its “lowest level since Q1 2020,” Anna Heim spoke with investors who are still hanging in there and Mary Ann Azevedo wrote about M&A exits , which insurtech led in 2021. Akilia Partners and Samsung Next.
Sameer Purao, who joined Celanese as CIO and CDO in 2021, is keeping the team and company focused by making change management a core competency of his team, and ensuring a focus on value, agility, and purpose. Our digital program is about driving value, not implementing fancy technology like robots, twins, and drones.
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