Cybersecurity Ventures VC Report. PHOTO: Cybercrime Magazine.

Q4 2019 VC Report: Cybersecurity Venture Capital Investments In The Latest Quarter

Startups and emerging players with fresh funding Sponsored by Wolf Hill Group

Morag McGreevey

Toronto, Canada – Oct. 4, 2019

It was a strong quarter for the cybersecurity market in terms of deal volume and deal value.

The quarter started out strong with SoftBank Group Corp.’s $200 million investment in Cybereason. In August, deal volume lagged slightly, but deal value did not: OneTrust closed a $200 million Series A investment round led by Insight Partners. In September there were no deals that hit the $200 million mark. However, deal volume picked up, leaving a promising outlook for the year’s final quarter.

DEAL FLOW

 September

Sep. 30. Kenna Security Inc. raised $48 million in a Series D funding round that included Sorenson Capital and Citi Ventures as new investors. Previous investors Bessemer Venture Partners, U.S. Venture Partners, Costanoa Ventures, Hyde Park Angels and OurCrowd also participated.

Sep. 25. Arceo.ai secured $37 million in funding. The funding was led by Lightspeed Venture Partners and Founders Fund with participation from CRV and  UL Ventures.

Sep. 25. CyberFortress closed a $3 million seed round co-led by Greycroft and LiveOak Venture Partners.

Sep. 24. Cowbell Cyber secured $3.3 million in seed funding from insurance, cybersecurity, and artificial intelligence venture funds including ManchesterStory Group, Holmes Murphy & Associates, Tri-Valley Ventures, and the Global Insurance Accelerator.

Sep. 23. Israel-based ShieldIOT Ltd. raised $3.6 million in seed funding. The round was led by Innogy Innovation Hub, the accelerator and venture capital arm of Berlin-listed energy company Innogy SE.

Sep. 20. DataGrail announced a $4 million Series A round of funding. Cloud Apps Capital Partners was the lead investor.

Sep. 18. Acronis announced a $147 million investment round led by Goldman Sachs.

Sep. 18. GK8 Ltd. has emerged from stealth mode with the completion of a $4 million seed funding round. The round was led by Marius Nacht, co-founder of Check Point Software Technologies Ltd. and technology venture capital firm aMoon, and Discount Capital Ltd., the investment arm of Israel Discount Bank Ltd.

Sep. 19. Red Sift raised €8 million in an investment round led by MMC Ventures.

Sep. 12. Shape Security raised $51 million in growth funding. The investment round was led by C5 Capital.

Sep. 12. Lacework raised $42 million in funding from Sutter Hill Ventures and Liberty Global Ventures.

Sep. 12. Shift5, Inc. raised $2.5 million in venture funding. Squadra Ventures led the round.

Sep. 11. Kovrr raised $5.5 million in a financing round led by venture capital firms StageOne Ventures and Mundi Ventures.

Sep. 10. Cyware Labs raised $3 million in seed funding from a consortium of investors led by Emerald Development Managers.

Sep. 5. BigID raised $50 million in Series C funding. Bessemer Venture Partners led the round.

August

Aug. 28. Totem Building Cybersecurity raised $1.03 million in seed financing.

Aug. 27. Axonius raised $20 million in Series B funding, led by new investor OpenView Venture Partners.

Aug. 22. Remediant, Inc.received $15 million in a Series A investment round. Dell Technologies Capital (DTC) and ForgePoint Capital (FPC) co-led the round.

Aug. 21. Corsa Security announced it recently secured a new round of financing with investment from Roadmap Capital.

Aug. 21. Link11 received a mezzanine loan from Pride Capital Partners to finance future growth.

Aug. 20. Protenus completed a $17 million Series C funding round led by LTP, with Kaiser Permanente Ventures, F-Prime Capital, Arthur Ventures, Lionbird, and Providence Ventures participating.

Aug. 14. AU10TIX secured a $60 million investment from TPG Capital.

Aug. 9. Securiti.ai raised a $31 million Series A funding round led by Mayfield Fund and General Catalyst.

Aug. 7. Capsule8 announced a multimillion-dollar investment from Intel Capital.

Aug. 6. Antivirus startup Cybereason raised $200 million in Series E investment from Japan’s SoftBank Group Corp.

Aug. 1. InCountry raised $15 million in Series A funding. The round was led by Arbor Ventures, Global Founders Capital, and Mubadala of Abu Dhabi.

July

 Jul. 31. Prevailion secured $10 million in Series A funding. The round was led by AllegisCyber.

Jul. 31. Altitude Networks closed $9 million in series A funding. The round was led by Felicis Ventures.

Jul. 30. Truework raised $12 million in Series A financing led by Sequoia Capital.

Jul. 30. Confluera Inc. announced a $9 million Series A financing round led by Lightspeed’s Founder & Managing Partner Ravi Mhatre.

Jul. 29. Trinity Cyber secured $23 million in Series A funding, led by Intel Capital.

Jul. 24. River Security, a Chinese internet security solutions provider, raised RMB100 million (US$14.53 million) in a Series C round of financing from Chinese venture capital firm Legend Capital.

Jul. 23. QOMPLX closed a Series A financing round totaling $78.6 million, led by Cannae Holdings, Inc. and Motive Partners.

Jul. 23. Digital Hands partnered with Fulcrum Equity Partners for a $15 million investment in its first institutional equity round.

Jul. 17. DUST Identity announced $10 million in Series A funding led by Kleiner Perkins.

Jul. 15. DefenseStorm raised $15 million in a Series A financing round led by Georgian Partners.

Jul. 11. enSilo closed a $23 million Series B funding round led by Rembrandt Ventures.

Jul. 11. OneTrust closed a $200 million Series A investment led by Insight Partners. The enterprise software company is now valued $1.3 billion.

Jul. 10. TrustArc Inc. received a $70 million Series D growth investment led by private equity firm, Bregal Sagemount. Existing investors Accel Partners, Baseline Ventures, DAG Ventures, Icon Ventures and Industry Ventures will continue to retain significant stakes in the business.

Jul. 10. Anchorage raised $40 million in a Series B round led by Blockchain Capital.

Jul. 10. Digital Shadows announced a $10 million strategic funding round. The round was led by the ventures arm of the National Australia Bank (NAB). Existing investors, including Octopus Ventures, have made further contributions.

Jul. 9. Menlo Security completed a $75 million Series D funding round, led by clients advised by JP Morgan Asset Management. Existing investors also participated in the round, including General Catalyst, Sutter Hill Ventures, Osage University Partners, American Express Ventures, HSBC, JPMorgan Chase and Engineering Capital.

Jul. 8. Crypta Labs completed a £2.7 million funding round led by Bloc Ventures.

Jul. 2. Polyrize, a Tel Aviv-based cybersecurity platform, raised $4 million in seed funding. The round was led by Glilot Capital Partners.

Jul. 1. TrapX Security completed an $18 million Series C financing round led by Ibex Investors.

Stay tuned for the Q1 2020 edition of the VC Report.

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Morag McGreevey is a freelance writer covering cybersecurity, national security, VC deals, and investing.


Sponsored by Wolf Hill Group

Wolf Hill Group is a boutique recruitment firm focused on the Cybersecurity industry. With more than 75 years of leadership recruitment experience among its founders, we excel at building leadership teams for enterprises, startups, and venture capital. Our network of information security leaders are at the forefront of defending the cyber attacks running parallel to the growing vulnerability trends in quantum computing, cloud computing, IoT, AI, machine learning, Big Data and analytics, online payment fraud, and social media.



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