Venture capital investments

News by Doug Olenick

Venture capital investment in the cyber security sector in recent months.

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 €3.8 million (£3.3 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 (£3.4 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, announced its first ever external investment with the news that it received US$ 36 million (£26 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.

December 12, 2017

ShieldX Networks announced a US$ 25 million (£18 million) Series B round of funding with new investors including FireEye Founder Ashar Aziz, Dimension Data and Symantec Ventures. In addition, its existing investors Bain Capital Ventures, Aspect Ventures and FireEye have added to their initial investment.

December 1, 2017

Bitdefender announced that Vitruvian Partners, a European private equity firm, has purchased a 30 percent stake in the company from existing shareholder Axxess Capital. The business is valued at about US$ 600 million (£432 million). 

November 29, 2017

Pwnie Express secured US$ 8 million (£5.8 million) in new funding led by several of its existing investors, 406 Ventures, Ascent Venture Partners and Fairhaven Capital with participation from the Vermont Center for Emerging Technologies (VCET). With his influx of cash the total invested in the company to date is US$ 28 million (£20.2 million).

November 1, 2017

Recorded Future reported that it has raised US$25 million (£ 18 million) in a Series E round of funding. The round was led by Insight Venture Partners and the money will support geographical expansion, and its commitment to machine learning-based threat intelligence and other research and development projects.

October 30, 2017

Trilio Data has received US$ 5 million (£3.6 million) in Series A backing from a funding round led by .406 Ventures. The company intends to use the money to expand its engineering, sales and marketing teams, and increase channel enablement support for the company's global customer base. In addition, Trilio reported that .406 Venture partner Greg Dracon and principle Payal Agrawal will join the company's newly expanded board of directors.

October 27, 2017


Skybox Security reported that the company signed a definitive agreement to receive a US$ 150 million (£108 million) growth equity investment led by CVC Capital Partners Growth Fund with  CVC Capital Partners' Growth Fund(CVC Growth) for US$ 100 million (£72 million), with another from Pantheon for US$ 50 million (£36 million). The company will use the funding for sales and marketing, customer care and R&D along with potential M&A activity. In addition, Jason Glass and John Clark, managing partner of CVC Growth Partners, will join Skybox's board of directors.

October 24, 2017

KnowBe4, Inc. announced a US$ 30 million (£21.7 million) round of funding led by new investor Goldman Sachs Growth Equity along with existing investor Elephant. The new funding brings KnowBe4's total financing to US$ 44 million (£31.8 million)  and the funds primarily will be invested in international growth and product development.

October 18, 2017

Duo Security just completed a US$ 70 million (£51 million) round of funding led my led by Meritech Capital and Lead Edge Capital, and including strategic investment from Workday. The company plans to use the money to fund its expansion in the Trusted Access market.

October 13, 2017

Attivo Networks announced it has raised US$ 21 million (£ 15 million)  in Series C venture capital funding. The funding round was led by Trident Capital Cybersecurity with participation from existing investors Bain Capital Ventures and Omidyar Technology Ventures. The round of funding follows a US$ 15 million (£10.8 million) Series B financing in May, representing $36 million raised in the last five months and a collective total of US$ 45.7 million (£33 million) overall.

September 14, 2017

AppGuard announced it had secured about US$ 30 million (£ 31.7million) in Series B financing led by the Japanese firm JTB Corp. The money will be used to finalise the acquisition of KeepTree, Inc. and , increase AppGuard's brand awareness in both enterprise and SMB markets. This funding is added to the US$ 65 million (£47 million) received three months ago by AppGuard's Tokyo-based Blue Planet-works, Inc. led by ANA Airlines, Dai Ichi Life Insurance and advertising firm Dentsu.

CashField reported it raised US$ 5 million (£ 3.6 million) in a Series A funding round with an investment led by GGV Capital and Heliconia Capital Management. The online fraud prevention company will be used accelerate its international growth.

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