110 Security Firms That Raised Venture Funding in May 2017
With cyber-attacks like WannaCry once again raising awareness about cyber-security, the demand for defensive technologies continues to grow. In May 2017 multiple cyber-security vendors raised new funding to help support as well as grow their technology and go-to-market efforts. Among the biggest funding raises this month were two separate $100 million rounds, with one for CrowdStrike which is using the funding to grow its technology and the other for Tanium, which is using the funding to give money back to employees and private shareholders. The Internet of Things remains a hot area of cyber-security investment with Mocana raising $11 million for its embedded security technology and Karamba raising $12 million for its automotive cyber-security technology. In this slideshow eWEEK takes a look at ten security vendors that raised money in May 2017.
Also on May 9, Signal Sciences announced its $15 million Series B round of funding.
Signal Sciences was founded in 2014 and publicly launched its first platform in 2015. The company’s objective was to take lessons learned in the field by its founders and building a security platform that defends against real-world threats.
Next generation security vendor Tanium announced a $100 million round on May 25. CEO Orion Hindawi explained to eWEEK that the new round is not about funding future operations, rather it’s about enabling existing shareholders and employees, including co-founder David Hindawi, Orion’s father, an opportunity to cash out some of their equity in the company.
On May 30, CounterTack announced a $20 million Series D round of funding to help advance the development of the company’s Endpoint Threat Platform.