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Versa raises $120M for its software-defined networking and security stack

TechCrunch

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).

Security 193
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Cybersecurity Snapshot: Attackers Pounce on Unpatched Vulns, DBIR Says, as Critical Infrastructure Orgs Benefit from CISA’s Alert Program

Tenable

“While the adoption of artificial intelligence to gain access to valuable corporate assets is a concern on the horizon, a failure to patch basic vulnerabilities has threat actors not needing to advance their approach,” Chris Novak, Verizon’s Senior Director of Cybersecurity Consulting said in a statement this week. 1, 2022 to Oct.

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54gene valuation slashed by over $100M amid job cuts and CEO exit

TechCrunch

In August, it sacked 95 employees , mostly contract staff (in labs and sales departments) hired to work in 54gene’s COVID business line launched in 2020. In September, co-founder and VP of Engineering Ogochukwu Francis Osifo left the company. Yet, 2022 will be a year to forget for the biotech startup.

Biotech 229