06 Jan VC Report, Vol. 4, No. 4: Cybersecurity Venture Capital Investments In The Latest Quarter

Startups and emerging players with fresh funding in the latest quarter

– Steve Morgan, Editor-in-Chief

Sausalito, Calif. – Jan. 6, 2020

Cybersecurity Ventures predicts that the global cost of cybercrime will reach $6 trillion by 2021, up from $3 trillion in 2015.

The growing cost of cybercrime is reflected in this year’s cybersecurity venture capital trends. Investors have recognized the vital importance of cybersecurity solutions in our immediate future, and are willing to invest heavily in this high-demand market. Read on to learn about the biggest deals in cybersecurity financing this quarter.

DEAL FLOW

December

Dec. 26. RunSafe Security raised $6.3 million in Series A funding. The round was led by Alsop Louie Partners, with participation from new investors Working Lab Capital, Inner Loop Capital and Renegade Ventures.

Dec. 17. Satori Cyber Ltd. emerged from stealth mode and raised a $5.25 million seed round. The round was led by Silicon Valley-based venture capital firm YL Ventures.  

Dec. 11. Ordr Inc. raised $27.5 million in a Series B round led by Battery Ventures.

Dec. 11. Secure Code Warrior secured a Series B funding round of $47.6 million led by Goldman Sachs. Additional investors include ForgePoint Capital and Cisco Investments.

Dec. 11. Tines added $11 million to its Series A funding round. The funding extension was spearheaded by Accel, with participation from Index Ventures and Blossom Capital.

Dec. 10. Rezilion emerged from stealth, announcing $8 million in seed funding led by Jerusalem Venture Partners.

Dec. 10. CyberGRX raised $40 million in Series D funding led by ICONIQ Capital. Existing investors AllegisCyber, Bessemer Venture Partners, The Blackstone Group, ClearSky, GV, MassMutual Ventures, Scale Venture Partners and TenEleven Ventures also participated in the round.

Dec. 7. Zebu announced $5.2 million in seed funding.

Dec. 5. Code Dx received $2 million in seed capital from DataTribe.

Dec. 4. Panorays Ltd announced that it raised $15 million in Series A funding. The round was led by Oak HC/FT and included previous investors.

Dec. 4. Kratikal Tech Pvt. Ltd raised $1 million in pre-Series A funding. The investment was led by Gilda VC, a Dubai-based cross-country fundraising platform; Art Venture; Institutional Office; and former JM Financial Services Ltd chief executive director and managing director Rajeev Chitrabhanu.

Dec. 3. Lucideus secured $7 million in a funding round led by MS&AD Ventures, with participation by venture capital firm Western Technology Investment.

November

Nov. 26. Buguroo secured $11 million in Series A funding. The round was led by Ten Eleven Ventures and Seaya Ventures. Existing investors Inveready Technology Investment Group and Conexo Ventures also participated.

Nov. 26. Coralogix raised a $10 million Series A funding round. New investor Aleph led the round with participation from StageOne Ventures, JANVEST Capital Partners, and 2BAngels.

Nov. 26. Cymulate closed a $15 million Series B funding round led by Vertex Growth Fund.

Nov. 26. Kasada raised $7 million in a Series A funding round led by In-Q-Tel, the non-profit venture arm of the intelligence community, as the startup’s latest investor.

Nov. 25. Detectify raised €21 million in funding. Leading the round was London-based VC firm Balderton Capital, with participation from existing investors Paua Ventures, Inventure and Insight Partners.

Nov. 21. Banyan Security closed $17 million in funding led by Shasta Ventures, with participation from Unusual Ventures.

Nov. 20. CHEQ announced the closing of $16 million in Series B funding from Battery Ventures and MizMaa Ventures.

Nov. 19. CyberCube Analytics finalized a $35 million Series B capital raise led by HSCM Bermuda and ForgePoint Capital.

Nov. 19. Abnormal Security announced the launch of the company with $24 million in Series A funding led by Greylock Partners.

Nov. 19. CyCognito Inc. raised $18 million in Series A funding led by Lightspeed Venture Partners with significant participation by Sorenson Ventures and a personal investment from John W. Thompson.

Nov. 19. IntSights raised a $30 million Series D funding round. Qumra Capital led the round, which was joined by existing investors.

Nov. 14. 1Password announced a $200 million Series A financing round from Accel.

Nov. 13. Pcysys completed a $10 million Series A funding round led by Canadian VC firm, Awz Ventures, along with Blackstone.

Nov. 13. Cybrary secured $15 million in Series B funding. The funding round was led by BuildGroup and included participation from existing investors including Arthur Ventures and Gula Tech Adventures.

Nov. 13. SheerID closed a $64 million equity round led by CVC Growth Partners.

Nov. 7. Edison Partners invested $12 million in Anonos.

Nov. 7. Nightfall AI launched with $20.3 million in funding led by Bain Capital Ventures and Venrock. Pear VC, Sri Viswanath, CTO of Atlassian, and Kelvin Beachum of the New York Jets also participated in the round.

Nov. 6. Immersive Labs closed $40 million in funding led by global growth equity investor Summit Partners, with participation from existing investor Goldman Sachs.

Nov. 5. Riskified announced a Series E funding round of $165 million, led by global growth investor General Atlantic.

October

 Oct. 31. Namogoo announced a $40 million Series C funding round led by Oak HC/FT. Existing investors GreatPoint Ventures, Blumberg Capital, and Hanaco Ventures also participated in the round.

Oct. 30. Duality Technologies raised $16 million in a Series A round led by Intel Capital, with participation from Hearst Ventures and existing investor Team8.

Oct. 28. Zamna (formerly named VChain Technology) raised a $5 million seed funding round led by venture capital firms LocalGlobe and Oxford Capital, alongside Seedcamp, the London Co-Investment Fund (LCIF), Telefonica, and a number of influential angel investors.

Oct. 28. IDnow announced a $40 million growth equity investment from Corsair Capital LLC.

Oct. 25. Picus Security raised $5 million in Series A funding led by Earlybird Venture Capital.

Oct. 24. Tines raised $4.1 million in a Series A funding round led by Blossom Capital.

Oct. 24. Very Good Security raised $35 million in Series B funding led by Goldman Sachs’ Merchant Banking Division with participation from existing investors, including Andreessen Horowitz and Vertex Ventures US.

Oct. 24. Firedome closed a $10 million Series A funding round led by Two Sigma Ventures, with participation from World Trade Ventures, Silvertech Ventures, and the company’s seed investors.

Oct. 21. Upstream Security announced $30 million in a Series B funding round. The round was led by Renault Venture Capital and included Volvo Group Venture Capital, Hyundai, Hyundai AutoEver, Nationwide Ventures and others.

Oct. 17. Corelight secured $50 million in Series C financing led by Insight Partners and its first capital investor, Accel.

Oct. 16. Evervault raised $3.2 million in seed funding. Led by Sequoia, the round also includes Kleiner Perkins, Frontline, SV Angel and other unnamed backers.

Oct. 16. Flashpoint secured $34 million in financing and investment. In addition, raising $6 million in new equity from investors, Bank of Montreal’s (BMO) Technology and Innovation Banking Group has provided $28 million in debt financing.

Oct. 16. BlackDice announced £500,000 in equity seed funding from the Development Bank of Wales and a number of private investors.

Oct. 8. SparkCognition closed a Series C funding of $100 million led by March Capital Partners.

Oct. 3. Panther completed a $4.5 million seed financing round co-led by S28 Capital and Innovation Endeavors, with participation from Fathom Capital and 645 Ventures.

Oct. 2. ReFirm Labs announced the closing of a pre-Series A financing round of $2 million. The round was led by cybersecurity venture studio DataTribe and accredited investment group New Dominion Angels, with participation from TEDCO and Tysons Angel Investors.

VC Report Archives

– Steve Morgan is founder and Editor-in-Chief at Cybersecurity Ventures.

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