10 Cyber-Security Startups Get Funding to Advance Their Work

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10 Cyber-Security Startups Get Funding to Advance Their Work

The first month of 2018 began much as the last month of 2017 concluded, with multiple cyber-security startups raising new funding. In January 2018, venture capitalists invested in a number of types of cyber-security technology, in both single- and double-digit funding rounds. The largest funding for the month was raised by secure cryptocurrency wallet vendor Ledger, which raised $75 million to help its efforts to keep cryptocurrency assets safe.  Threat forensics vendor Anomali, meanwhile, secured $40 million in funding. In this slide show, eWEEK takes a look at some of the security vendors that raised money in January 2018.

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Threatcare Secures $1.4M to Further Security Testing

Threatcare announced a $1.4 million seed round of funding on Jan. 4 to help advance its security testing and monitoring capabilities. The company's flagship product is the voice-powered Violet virtual cyber-security service.

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Arctic Wolf Raises $16M for SOC as a Service

On Jan. 10, Arctic Wolf Networks announced that it secured $16 million in new funding to advance the company's Security Operations Center (SOC)-as-a-service efforts. "Security operations centers are an essential element of modern cybersecurity, and every company needs one," Brian NeSmith, CEO and co-founder of Arctic Wolf, stated. "We are transforming how companies look at cybersecurity from a product-centric view to one focused on proactive detection and response."

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Nozomi Networks Raises $15M for Industrial Cyber-Security

Also on Jan. 10, Nozomi Networks announced its Series B round of funding, bringing in $15 million. Nozomi Networks' technology helps provide operational visibility and cyber-security for industrial control systems.

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Anomali Pulls In $40M to Advance Real-Time Forensics

Threat management firm Anomali announced on Jan. 17 that it raised $40 million in a Series D round of funding. "When there is a highly publicized attack like WannaCry, for example, the first thing people want to know is not just how to block the threat, but whether or not they have already been breached," Hugh Njemanze, CEO of Anomali, told eWEEK. "One of the unique capabilities of Anomali Enterprise is to actually answer that question immediately."

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Baffle Secures $6M for Application Data Protection

Security startup Baffle announced on Jan. 17 that it raised $6 million in a Series A round of funding. Among Baffle's products is the BaffleManager Application Data Protection Service, which provides data access monitoring and access control with end-to-end encryption.

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Cryptocurrency Wallet Vendor Ledger Raises $75M

As cryptocurrency usage and values continue to rise, there has been an increased demand for secure ways to store and access cryptocurrency, which is where startup Ledger aims to help. On Jan. 18, Ledger announced that it raised $75 million to help advance its security cryptocurrency wallet efforts.

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Hysolate Emerges From Stealth With $8M for Endpoint Security

On Jan. 24, Hysolate emerged from stealth along with $8 million in funding. Hysolate's platform provides what the company refers to as "virtual air gap" technology that enables an endpoint to have an isolated locked-down operating system, alongside an unlocked system that can access enterprise resources.

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Tigera Raises $10M for Secure Container Connectivity

Also on Jan. 24, Tigera announced that it raised $10 million in funding to help grow its CNX platform, which enables secure application connectivity with containers running across Kubernetes. "We launched CNX last month to provide a zero trust approach to application connectivity for cloud native applications, across multi-cloud and legacy environments," Ratan Tipirneni, president and CEO of Tigera, stated. "We’ve built CNX from the ground up to be operationally simple while providing the controls and compliance demanded by the enterprise."

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Allure Security Raises $5.3M for Data Loss Detection and Response

On Jan. 25, Allure Security announced that it raised a $5.3 million seed round of funding to advance its Data Loss Detection and Response (DDR) platform. "Our platform brings to market a radically new approach to solving the enterprise’s greatest security challenge: data loss," Mark Jaffe, CEO of Allure Security, stated. "For far too long, breaches have gone undetected because businesses had no way to track documents outside the enterprise network, and no way of knowing where those documents end up."

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BigId Secures $14M for Enterprise Data Protection

Enterprise data protection startup BigID announced on Jan. 29 that it raised $14 million in a Series A round of funding. "Regulations like GDPR [General Data Protection Regulation] crystallize the need for companies to understand their data," Dimitri Sirota, CEO at BigID, stated. "BigID gives companies a first-of-its-kind way to find, secure and govern their identity data across the data center and cloud."

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Peak DDoS Attack Volume Declines to 600G bps in 2017, Arbor Reports

Arbor Networks' 13th annual Worldwide Infrastructure Security Report reveals a decline in peak DDoS attack size, but that doesn't mean attackers weren't active in 2017.
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