05 Jan VC Report, Vol. 5, No. 4: Cybersecurity Venture Capital Investments In The Latest Quarter
Startups and emerging players with fresh funding in the latest quarter
– Hillarie McClure, Multimedia Director
Portland, Maine – Jan. 4, 2021
COVID-19. Millions of remote workers. New, sophisticated cyberattacks. 2020 saw it all, putting a magnifying glass on the crucial need for better cybersecurity posture. With global cybercrime costs expected to reach $10.5 trillion annually by 2025 as predicted by Cybersecurity Ventures, the forecast is clear: investing in our industry will remain strong into 2021 and beyond.
Investors continued to fund cutting-edge cybersecurity companies in Q4 2020, finishing the year out strong, and encouraging resiliency in a collectively difficult year.
DEAL FLOW
December
Dec. 21. OneTrust secured $300 million in Series C funding, bringing its valuation to $5.1 billion. The round was led by TCV and joined by existing investors Insight Partners and Coatue. OneTrust has raised $710 million over the last 18 months.
Dec. 16. BigID announced a $70 million Series D on a valuation of $1 billion. Salesforce Ventures and Tiger Global co-led the round, with participation from Glynn Capital and existing investors Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures.
Dec. 15. Tive secured $12 million in a Series A funding round led by RRE Ventures. Two Sigma Ventures, NextView Ventures, Hyperplane Ventures, One Way Ventures, and Fathom Ventures also participated.
Dec. 15. Noname Security raised $25 million in funding from Lightspeed, Insight Partners, and Cyberstarts.
Dec. 14. Network Perception announced a $2.73 million seed round of funding led by Serra Ventures, Okapi Ventures, and Energy Foundry, with additional support from Early Light Ventures, SaaS Ventures, Illinois Ventures, and Service Provider Capital.
Dec. 14. Bloccelerate VC closed a $12M Fund I to support enterprise and institutional adoption of blockchain.
Dec. 14. Reflectiz announced the completion of a Series A financing round worth over $5 million. Capri Ventures led the round, joining with Reflectiz’ existing investors.
Dec. 14. Outpost24 announced it has closed a new funding round worth €19 million. The funding was led by Swedbank Rohur and Alcur Fonder.
Dec. 10. SightGain earned a $2 million investment as the winner of DataTribe’s third annual pitch competition.
Dec. 10. Tel Aviv-based Hunters announced they received additional growth funding from Snowflake Ventures. This announcement comes only a few months after raising $15 million in a Series A round.
Dec. 10. VMRay closed the second round of its Series B funding with $15 million. The round was led by Digital Partners and supplemented by eCAPITAL. This new round of funding brings the total amount raised in their Series B round to $25 million.
Dec. 10. Kapalya closed their seed funding round led by Caltrop Holdings.
De. 8. Salt Security raised $30 million in a Series B funding round led by Sequoia Capital. Existing investors Tenaya Capital also participated.
Dec. 8. At-Bay raised $34 million in its Series C round of funding, led by Qumra Capital, with participation from M12 and Acrew Capital, Khosla Ventures, Lightspeed Venture Partners, Munich Re Ventures, and Shlomo Kramer.
Dec. 8. Dragos secured $110 million in a Series C funding round. The round was co-led by National Grid Partners and Koch Disruptive Technologies. Other Series C investors included Saudi Aramco Energy Ventures, Hewlett Packard Enterprise, Allegis Cyber, Canaan, DataTribe, Energy Impact Partners, and Schweitzer Engineering Labs.
Dec. 8. Beyond Identity closed its Series B funding round with $75 million, led by New Enterprise Associates and Koch Disruptive Technologies.
Dec. 8. Orca Security announced a $55 million Series B funding round led by ICONIQ Growth. Previous investors GGV Capital, YL Ventures, and Silicon Valley CISO Investments also participated.
Dec. 2. GoSecure raised $35 million in Series E funding. W Investments Group and Yaletown Partners participated in this round.
Dec. 1. Totum Labs raised $13 million in Series A funding. Heroic Ventures and Space Capital co-led the investment round, with participation from existing investors, including Dr. Andrew Viterbi — the co-founder of Qualcomm — and new strategic investor Qamcom.
November
Nov. 25. DefenseStorm raised $12 million in Series B funding and $7 million in financing. The round was led by Georgian, with participation from TTV Capital. CIBC Innovation Banking provided $7 million in growth capital financing.
Nov. 25. Percepto raised $45 million in Series B funding led by Koch Disruptive Technologies. Other participants included State of Mind Ventures, Atento Capital, Summit Peak Investments, and Delek-US.
Nov. 23. Abnormal Security announced that it raised $50 million in Series B funding which was led by Menlo Ventures. Early investor, Greylock, also participated.
Nov. 22. build.security raised $6 million in seed funding led by YL Ventures with participation from George Kurtz, Michael Sutton, Sounil Yu, Dan Amiga, Eyal Gruner, and Eran Barak.
Nov. 19. CyCognito raised $18 million in Series A funding. Lightspeed Partners led the round.
Nov. 19. Fireblocks raised $30 million in a Series B funding round. The round was led by Paradigm, with participation from existing investors Galaxy Digital, Digital Currency Group, Cyberstarts, Tenaya Capital, Swisscom, and Cedar Hill Capital.
Nov. 18. Deepfence raised $9.5 million in a Series A round of funding. AllegisCyber led the round, with participation from Sonae IM, and existing investor Chiratae Ventures.
Nov. 18. CloudBolt raised $35 million in Series B funding led by Insight Partners.
Nov. 17. Unbound Tech raised $20 million in Series B funding. This funding round was led by Evolution Equity Partners, joining existing investors Innovation Endeavors, Goldman Sachs, Citi, and BlueRed Partners.
Nov. 17. Israeli startup, Cato Networks, became a unicorn with the closing of $130 million in a round of funding. Lightspeed Venture Partners led the round, with participation from new investor Coatue, and existing investors Greylock, Aspect Ventures / Acrew Capital, Singtel Innov8, and Cato founder Shlomo Kramer.
Nov. 12. Menlo Security raised $100 million in a Series E round of funding. Vista Equity Partners led the round, with additional participation from Neuberger Berman, JP Morgan, and General Catalyst, among existing investors.
Nov. 11. SentinelOne raised $267 million in a Series F round of funding. Tiger Global Management led the round, with contributions from Sequoia Capital Global Equities and existing investors Insight Partners and Third Point Ventures.
Nov. 10. Isovalent raised $29 million in a Series A round led by Andreessen Horowitz and Google.
Nov. 9. Israeli startup ReSec Technologies raised $4 million in Series A funding led by QBN Capital and HDI Group. HDI Group, Disruptive Ventures, and Pico Venture Partners also participated.
Nov. 9. Israeli startup OutSense raised $2.2 million in Series A funding led by Peregrine Ventures.
Nov. 4. Total Network Services closed a Series A funding round of security tokens. The amount raised has not been disclosed. A Series B security token round is being discussed.
October
Oct. 28. Enso Security raised $6 million in a seed funding round led by YL Ventures, with participation from Jump Capital.
Oct. 27. Theta Lake, Inc. raised $12.7 million in Series A funding. Lightspeed Venture Partners led the round with participation by Cisco Investments, notable angel investors from the enterprise collaboration and security space, and previous investors Neotribe Ventures, Firebolt Ventures and WestWave Capital.
Oct. 27. Strider Technologies closed $10 million in Series A funding led by Kock Disruptive Technologies.
Oct. 27. StackHawk raised $10 million in Series A funding. The round was led by Sapphire Ventures and included return seed backers Foundry Group, Costanoa Ventures, Flybridge Capital, and Matchstick Ventures.
Oct. 26. Sonrai Security raised $20 million in Series B funding. The round was led by Menlo Ventures with full participation from founding investor Polaris Partners and Series A lead investor Ten Eleven Ventures.
Oct. 25. Picus Security raised $5 million in Series A funding led by Earlybird.
Oct. 22. Arctic Wolf raised $200 million in Series E funding at a valuation of $1.3 billion. The funding round was led by Viking Global Investors, with additional participation from DTCP and existing investors.
Oct. 21. 4iQ raised $30 million in Series C funding, led by ForgePoint Capital and Benhamou Global Ventures, with participation from C5 Capital, Adara Ventures, and TheVentureCity.
Oct. 21. Sym raised $9 million in Series A funding. The round was led by Amplify Partners, with participation from angel investors Gerhard Eschelbeck, former CISO of Google, Sri Viswanath, CTO of Atlassian, and Jason Warner, CTO of GitHub.
Oct. 15. Tel Aviv-based startup Secret Double Octopus has received new funding from Standard Chartered Plc’s venture capital arm, SC Ventures. The financial terms of the deal have not been disclosed.
Oct. 14. BitNinja raised $2.5 million in Series A funding with the round led by Lead Ventures.
Oct. 13. deepwatch closed $53 million in Series B funding. The round was led by Goldman Sachs with participation from existing investor ABS Capital Partners.
Oct.7. Accurics raised $20 million in Series A funding. The round included participation from Intel Capital as a new investor.
Oct. 6. NormShield secured $7.5 million in Series A funding led by Moore Strategic Ventures, LLC. The round also included participation from existing investors, Glasswing Ventures and Data Point Capital.
Oct. 5. Tanium raised $117 million in new funding, which was led by SalesForce Ventures.
Oct. 1. Solo.io announced a $23 million Series B round of financing, co-led by prior investors Redpoint Ventures and True Ventures.
Oct. 1. Eclypsium raised $13 million in new funding. The round included new investors AV8 Ventures, as well as participation from TransLink Capital, Mindset Ventures, Alumni Ventures Group, Ridgeline Partners, Intel Capital, Madrona Venture Group, Andreessen Horowitz, and Ubiquity Ventures.
