Cyber security venture capital investments

News by Doug Olenick

A roundup of venture capital investments in Cyber Security in 2018 to date.

November 29 2018

Venafi has closed a US$ 100 million (£78 million) round of financing that was led by TCV along with investment from QuestMark Partners and NextEquity Partners. The company said the funding will be used to accelerate its growth and part of the money will be made available to third-party developers in the first tranche of the new Machine Identity Protection Development Fund. This fund was created to accelerate the integration of machine identity intelligence into a wide range of machines in the enterprise and further enhance and expand the machine identity ecosystem.

November 13, 2018

XM Cyber reported it raised US$ 22 million (£17 million) in Series A funding through Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, LP and UST Global, among others.

Previously, the company raised US$ 10 million (£7.8 million) in a round with Swarth Group. XM Cyber plans to use the funding to accelerate its strong growth through expanded sales.

June 19

Crowdstrike announced it has closed a round financing that generated more than US$ 200 million (£156 million) for the company. The round was led by General Atlantic, Accel and IVP, with participation from March Capital and CapitalG. Crowdstrike intends to use the funding to meet the demand for the company’s Falcon endpoint protection platform.

June 11, 2018

Claroty, an ICS security software company, reported today it has secured US$ 60 million (£47 million) in Series B funding. The funding was supplied by a consortium that included Temasek and included Rockwell Automation, Aster Capital (sponsored by Schneider Electric), Next47 (a Siemens-backed global venture firm), Envision Ventures, and Tekfen Ventures. Original Claroty investors Bessemer Venture Partners, Team8, Innovation Endeavors, and ICV were also involved.

May 15, 2018

Auth0 announced US$ 55 million (£43 million) in Series D funding which was led by Sapphire Ventures, and includes investment from World Innovation Lab, as well as from existing investors Bessemer Venture Partners, Trinity Ventures, Meritech Capital Partners, and K9 Ventures.

April 10, 2018

Karamba Security reported has secured US$ 10 million (£7.8 million) of funding from Silicon Valley-based Western Technology Investment bringing the total investment in Karamba Security to US$ 27 million (£21 million). Karamba Security plans to use the funding as a financial reserve for inorganic growth to include acquiring companies and technology assets to accelerate the progress of its security portfolio for connected and self-driving cars.

March 20, 2018

Virsec reported the closing of a US$ 24 million (£19 million) Series B funding round to that will be used to accelerate product development and global expansion. The funding round was led by BlueIO with participating investors including Artiman Ventures, Amity Ventures, Raj Singh, and Boston Seed Capital.

February 12, 2018

Infocyte announced the close of a US$ 5.2 million (£4 million) Series B funding round led by Toba Capital with participation from existing investors LiveOak Venture Partners, and Feik Enterprises. With this addition, Infocyte has raised a total of US$ 8.2 million (£6.4 million).

February 7, 2018

Aperio Systems reported a strategic investment from Energias de Portugal (EDP), one of Europe’s largest utilities. EDP was joined in the round of financing by Data Point Capital, Jump Capital and Scopus Ventures. The US$ 4.5 million (£3.5 million) in seed funding will support Aperio Systems’ global growth and the introduction of its next-generation Intrusion Protection System (IPS for SCADA).

February 6, 2018

Attivo Networks announced an investment by Singtel Innov8. The investment amount was not noted, but with it Attivo has raised US$ 47.5 million (£37 million). The financing will be used to accelerate expansion into Asia Pacific markets with increased investment in sales, marketing and customer support operations in support of growing global deception technology customer base.

January 3, 2018

AlgoSec, a provider of security policy management solutions, today announced its first ever external investment with the news that it received US $36 million (£28 million) from the firm Claridge IL. The deal also has Rami Hadar, who recently joined Claridge IL as a managing director, being named to AlgoSec’s board of directors.

This article was originally published on SC Media US.

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