9 Cyber-Security Vendors That Raised Funding in September 2017

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9 Cyber-Security Vendors That Raised Funding in September 2017

Nine months into 2017, and the cyber-security industry is showing no signs of slowing down as investors continued to pour money into startups in September. The funding highlights the different areas of security that are growing, including cyber-risk, internet of things (IoT) and containers. Among the vendors that raised money in September are two container vendors, with Aqua Security securing $25 million in a Series B round of funding and Capsule8 brining in $6 million in a Series A round. The largest round of funding this month was raised by ForgeRock, which announced on Sept. 5 $88 million in Series D funding to help advance digital identity security. In this slide show, eWEEK takes a look at nine security vendors that raised money in September.

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ForgeRock Raises $88M to Secure Digital Identities

On Sept. 5, ForgeRock announced that it had raised $88 million in a Series D round of funding, bringing total funding for the company to $140 million. "ForgeRock is transforming the digital identity landscape by helping large organizations secure the identity of everything, build trusted, personalized relationships with their customers, and provide a seamless omnichannel experience—ultimately driving greater value and revenue," Mike Ellis, CEO of ForgeRock, said in a statement.

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Axonius Secures $4M to Protect IoT

Axonius announced on Sept. 6 that it raised $4 million in seed funding to help the company develop technology to secure internet of things (IoT) devices on enterprise networks. "Mobility, cloud and IoT are creating a near exponential increase in the types and numbers of user, compute and new devices connecting to enterprise networks," Yoav Leitersdorf, managing partner at YL Ventures, who led the Axonius funding round, said in a statement. "With this explosion comes the inherent cyber risk associated with the lack of visibility, security and control."

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Cybrary Brings In $3.5M to Teach Cyber-Security Skills

Cyber-security learning and certification platform vendor Cybrary announced on Sept. 12 that it raised $3.5 million in a Series A round of funding. "In just two years, more than 1.2 million people have learned critical cyber security and IT skills through Cybrary—more than any other learning platform in the world," Ralph Sita, co-founder and CEO of Cybrary, said in a statement.

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AppGuard Raises $30M to Advance Endpoint Security

On Sept. 14, AppGuard announced a $30 million Series B round of funding to help advance the company's security technologies. "Today's sophisticated security threats have rendered traditional detection-based security software virtually useless and has forced the world to look for revolutionary new endpoint security solutions like AppGuard," Jon Loew, CEO of AppGuard, stated. "AppGuard's dynamic isolation approach to cyber-security is the definition of disruptive."

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Threat Stack Brings In $45M to Drive Innovation

Security startup Threat Stack announced on Sept. 19 that it raised $45 million in a Series C round of funding. "Building on strong customer adoption and robust organic growth, we have set our sights on growing opportunities in existing markets and expanding into new ones," Threat Stack Chairman and CEO Brian Ahern said. "Further investment in innovation will drive Threat Stack's continued leadership in the cyber-security market."

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Aqua Secures $25M to Secure Cloud-Native Application Workloads

On Sept. 19 container security startup Aqua Security announced that it raised $25 million in a Series B round of funding. "We started the company two years ago, and since then we've seen the widespread proliferation of container technology use," Dror Davidoff, CEO and co-founder of Aqua Security, told eWEEK. "From the beginning, we realized that containers represented an opportunity to revolutionize the way application security is done."

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Capsule8 Brings In $6M for Container Security

Also on Sept 19, container security startup Capsule8 announced its $6 million Series A round of funding. "Our latest funding round is validation that the cyber-security market is ready to leave behind the poor effectiveness and high maintenance costs of the appliance model, as they move to cloud-native approaches," John Viega, CEO of Capsule8, stated.

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EiQ Networks Rebrands as Cygilant, Raises $7M

Security-as-a-service vendor EiQ Networks announced on Sept. 19 that it was rebranding as Cygilant and raised a new round of $7 million in funding. "With this new growth capital we'll be able to continue on our mission to protect resource-constrained organizations from the growing menace of cyber threats they face daily, along with the increasingly complicated regulatory mandates they must comply with," Vijay Basani, chairman, president and CEO of Cygilant, stated.

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Digital Shadows Raises $26M for Digital Risk Management

Digital risk management vendor Digital Shadows announced a $26 million Series C round of funding on Sept. 20. "This funding event is a huge milestone for Digital Shadows so we can expand our lead to offer the best digital risk management service in the industry," Alastair Paterson, CEO and co-founder of Digital Shadows, stated.

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Average Cyber-Crime Cost to Global Businesses Rises to $11.7M: Report

Accenture and the Ponemon Institute release the 2017 Cost of Cyber-Crime Study showing that the average cost of cyber-crime to businesses around the world has increased in 2017.
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