June 28, 2024 at 05:22PM Ballistic Ventures, a cybersecurity-focused venture capital firm, has named co-founder Kevin Mandia as General Partner. Mandia, a cybersecurity expert with an impressive track record, has held leadership roles at prominent firms and has been appointed to prestigious advisory committees. His transition to General Partner follows the firm’s successful fundraising and … Read more
June 5, 2024 at 03:45PM Notable Capital announced “Rising in Cyber” list, recognizing 30 leading cybersecurity companies chosen by CISOs and startup investors. The honorees collectively raised over $6 billion, with categories for early, mid, and growth-stage companies. The list reflects the crucial role of innovative startups in addressing cybersecurity challenges. Key innovation drivers identified … Read more
May 1, 2024 at 02:58PM San Francisco startup Traceable AI secured $30 million in venture capital from investors including Citi Ventures, IVP, Geodesic Capital, Sorenson Capital, and Unusual Ventures. The company focuses on API security and observability, with a flagship platform securing thousands of API endpoints and billions of API calls monthly. The investment will … Read more
April 30, 2024 at 01:33PM Despite competition from tech giants like Microsoft and Google, Island, a Dallas startup, secured $175 million in funding, bringing its total to $487 million. The company specializes in secure web browsing for businesses, targeting the enterprise browser market dominated by Microsoft and Google. Island boasts advanced security features and a … Read more
April 19, 2024 at 01:39PM Venture capital investors are backing BreachRx with a $6.5 million seed-stage financing. The San Francisco company plans to use the funding to expand its technology, which aims to streamline incident response reporting for corporations and shield cybersecurity executives from personal liability during data breaches. The company is also partnering with … Read more
April 12, 2024 at 12:48PM Cloud security vendor Wiz has acquired Gem Security, an Israeli startup specializing in cloud detection and incident response technologies, for approximately $350 million. Wiz CEO Assaf Rappaport aims to consolidate cloud security operations and strengthen their CDR capabilities. The acquisition aligns with Wiz’s ambition to lead the market and integrate … Read more
April 5, 2024 at 07:06AM Cybersecurity companies raised $2.3 billion in funding in Q1 2024, tracked by Pinpoint Search Group. While comparable to Q1 2023, funding was 20% less. Notably, late-stage rounds saw traction, signaling positive indicators. Mark Sasson of Pinpoint highlights challenges in 2023 but observes positive trends in 2024. Major fundings included Silverfort, … Read more
March 26, 2024 at 04:42PM Binarly, a Los Angeles startup, secured $10.5 million in venture capital funding led by Two Bear Capital. Their AI-powered solution, the Binarly Transparency Platform, automates discovery of security vulnerabilities in firmware and software supply chain. Founded by NVIDIA alum Alex Matrosov, the company aims to capitalize on global software supply … Read more
March 14, 2024 at 01:09PM Ballistic Ventures has closed a $360 million fund to exclusively support and nurture entrepreneurs and innovations in cybersecurity. Led by experienced founders, the firm has previously invested in 18 companies addressing challenges including AI security and disinformation mitigation. The fund will continue to focus on addressing critical cyber challenges and … Read more
March 8, 2024 at 09:57AM Reach Security, a California startup, has secured $20 million in initial venture capital funding from Ballistic Ventures and Artisanal Ventures, among others. The company aims to enhance security management for businesses, utilizing AI-powered analytics to optimize security operations. CEO Garrett Hamilton believes their technology can revolutionize security infrastructure, offering efficiency … Read more