Cybersecurity Ventures VC Report. PHOTO: Cybercrime Magazine.

VC Report, Vol. 3, No. 3: List Of Cybersecurity Companies That Raised Venture Capital In Q3 2018

Startups and emerging players with fresh funding in the latest quarter

Morag McGreevey

Toronto, Canada – Oct. 3, 2018

The cybersecurity industry saw notable funding deals this quarter. For example, the U.K.-based cybersecurity firm Darktrace raised $50 million in September, bringing the company’s valuation to $1.65 billion. As this deal illustrates, venture capital funds and investors continue to have confidence in the cybersecurity market and its potential for growth.



Sep. 30. BrandTotal, an Israeli marketing intelligence platform that uses AI, cybersecurity and data science strategies to help marketers, raised $6 million in a Series A funding round. Global venture capital firm Flint Capital led the round, with participation from NHN Investment, VC OneWay Venture, and FJ Labs.

Sep. 27. British cybersecurity company Darktrace Ltd. raised $50 million in venture capital funding, giving the startup a valuation of $1.65 billion. The round was led by Vitruvian, with participation from existing investors KKR & Co. and 1011 Ventures.

Sep. 27. Nozomi Networks  has secured $30 million in Series C funding. The round was led by Planven Investments, GGV Capital, Lux Capital, Energize Ventures and THI Investments.

Sep. 26. Source Defense has completed a Series A financing round from AllegisCyber and previous investor Jerusalem Venture Partners (JVP) as well as Global Brain and Connecticut Innovations.

Sep. 25. Snyk secured $22 million in a Series B financing round, led by venture capital firm Accel and with participation from GV, the venture capital arm of Alphabet.

Sep. 25. Mumbai-based startup Sequretek has raised $3.7 million in a bridge funding round led by existing investor Unicorn India Ventures.

Sep. 19. ioTium closed $13.6 million in Series B financing. This new round of investment was led by March Capital Partners.

Sep. 18. Atlanta-based cybersecurity startup Apptega raised an oversubscribed seed round of $700,000 led by Circadian Group.

Sep. 17. SCYTHE Inc. raised $3 million in an initial funding round led by Tenable, Ron Gula of Gula Tech Adventures.

Sep. 11. Australian start-up Secure Code Warrior raised $3.5 million from Australia-based Airtree Ventures and Washington, D.C.-based Paladin Capital.

Sep. 5. Lebanon-based startup Myki raised $4 million in Series A funding, bringing total financing to $5.2 million. The round was led by returning investors, including BECO Capital, LEAP Ventures and B&Y Venture Partners.

Sep. 4. Tresorit has closed €11.5 million Series B financing round, led by European growth capital investor 3TS Capital Partners and PortfoLion, a Central European venture capital.


Aug. 31. BMWi Ventures, BMW’s venture capital fund, invested in Vera, a company developing innovative data-centric security technology.

Aug. 29. New Knowledge raised $11 million in Series A funding. The round was led by existing investor GGV Capital, with participation from Lux Capital.

Aug. 28. Indegy closed an $18 million Series B funding round led by Liberty Technology Venture Capital, a subsidiary of Liberty Media.

Aug. 28. San Francisco-based data security firm Very Good Security (VGS) raised $8.5 million via a Series A funding round led by Andreessen Horowitz.

Aug. 28. Lacework closed a $24 million Series B funding round led by Sutter Hill Ventures.

Aug. 27. Tascent, Inc. raised $19.5 million in a Series B financing led by NEC Corporation and Tano Capital, with participation by Min Aik Technology Co., Ltd.

Aug. 21. Rippleshot raised $1.5 million in convertible debt.

Aug. 20. BearingPoint made a strategic early stage investment in Insignary.

Aug. 15. Twistlock raised $33 million in Series C funding, led by ICONIQ Capital.

Aug. 14. Exabeam closed $50 million in Series D funding. The round, led by Lightspeed Venture Partners, was backed entirely by existing investors.

Aug. 12. Ziroh Labs received funding from the Samsung Global Startup Accelerator.

Aug. 8. Capsule8 secured a $15 million Series B financing round, led by ClearSky Security.

Aug. 7. RiskRecon raised $25 million in Series B financing. The round was led by Accel, which joined existing investors Dell Technologies Capital, General Catalyst, and F-Prime Capital.

Aug. 7. RiskSense, Inc. closed a $12 million Series B round of financing co-led by Spring Mountain Capital and NightDragon Security.

Aug. 7. Redcore raised $36 million in Series C funding. The round was led by Fortune Capital, Morningside Venture Capital, Qianze Investment and Zhejiang Semir Garmet.

Aug. 2. HYAS raised $6.2 million in a Series A funding round led by M12, Microsoft’s Venture Fund, with participation from Startup Capital Ventures, 205 Capital, Wesley Clover and cybersecurity professionals Tim Eades and Tom Noonan.

Aug. 1. Cloud Conformity closed a $2.8 million Series A funding round led by Paladin Capital Group, with participation from Jump Capital.


Jul. 31. Entrust Datacard made a strategic investment in CensorNet.

Jul. 24. New York-based company Siemplify raised $14 million in a Series B funding round worth $28 million. The round was led by Jump Capital, with participation from G20 Ventures and 83North.

Jul. 23. Xage Security announced a $12 million Series A funding round led by March Capital Partners. GE Ventures, City Light Capital, and NexStar Partners also participated in the round.

Jul. 19. McNally Capital led an investment in Federal Data Systems. Profile Capital Management and Pine Crest Capital, amongst others, co-invested in the transaction.

Jul. 17. Openpath announced a $20 million Series B funding round led by Emergence Capital and existing investors.

Jul. 17. Boston-based ObserveIT Inc. closed a Series B round of funding valued at $33 million. Previous investor Bain Capital Ventures led the first portion of fundraising.

Jul. 17. Verodin announced $21 million in Series B funding. The round was led by TenEleven Ventures and Bessemer Venture Partners.

Jul. 17. CyberMDX completed a $10 million Series A financing round. It was led by Pitango Venture Capital, with participation from OurCrowd Qure.

Jul. 17. Winston Privacy has secured seed financing from New Stack Ventures, with participation from Founder Equity, M25 and Connetic Ventures.

Jul. 17. Integris Software raised an oversubscribed $10 million Series A financing round led by Aspect Ventures with participation from Workday Ventures, Madrona Venture Group, and Amplify Partners. This brings Integris’ total funding to $13M.

Jul. 16. A-LIGN, a cybersecurity and compliance solutions provider, raised a $54.5 million investment from FTV Capital.

Jul. 15. Tel Aviv-based cybersecurity company Toka raised $12.5 million in seed funding. Investors included Andreessen Horowitz, Entrée Capital, Dell Technologies Capital, Launch Capital, and Ray Rothrock.

Jul. 11. Radiflow closed an $18 million investment round led by ST Engineering Ventures, the corporate venture capital unit of  ST Engineering. Existing investors also participated.

Jul. 4. Trillium Secure raised an $11 million round of Series A2 funding led by JAFCO, with participation from other investors including Airbus Ventures, Deutsche Bahn Digital Ventures, Mitsubishi UFJ Capital, Tokyo Century Corporation and Plug and Play Ventures.

Jul. 2. PlainID raised $11 million in a Series A funding round led by Viola Ventures, with participation from Capri Ventures, Springtide Ventures and iAngels.

Jul. 2. ThetaRay raised more than $30 million in a funding round led by Jerusalem Venture Partners, GE, Bank Hapoalim, OurCrowd, SVB Investments, and others. To date, the company’s fundraising total is $60 million.

Cybersecurity Ventures expects to see significant VC and corporate investor deal flow in the cybersecurity space for the rest of 2018.

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