7 Cyber-Security Vendors That Raised New Funding in April 2018

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7 Cyber-Security Vendors That Raised New Funding in April 2018

April was another busy month for cyber-security startups, with venture capitalists funding at least seven such companies. The largest amount raised during the month was a $31 million round that went to business-critical application security vendor Onapsis. Armis raised nearly as much, bringing in $30 million to help the company advance its internet of things (IoT) security software. Another large amount went to container security startup StackRox, which announced a $25 million round of funding to help advance its efforts to improve digital identity. In this slide show, eWEEK takes a look at some of the security vendors that raised money in April 2018. 

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Threat X Raises $8.2M for WAF

On April 4, Threat X announced that it had raised $8.2 million in a Series A round of funding to help advance the company's software-as-a-service (SaaS) web application firewall (WAF) technology. "Our goal is to help organizations protect their applications with a SaaS-based web application firewall that provides a holistic view of every attack, the techniques being utilized and target vulnerabilities," Bret Settle, Threat X founder and CEO, stated. "Our behavioral profiling and correlation engine analyzes each attack and eliminates false positives by grading risk level and progress throughout the kill-chain."

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Armis Raises $30M for IoT Security

Armis announced on April 9 that it raised $30 million in a Series B round of funding to support the expansion of the company's internet of things (IoT) security visibility technologies. "Organizations now recognize that connected device security is no longer a 'nice to have,' but is a top priority for every boardroom and C-suite," Yevgeny Dibrov, CEO and co-founder of Armis, said. "Our agentless software provides visibility and control over every device. We've allowed security teams to achieve goals without disrupting their businesses' digital transformation journeys."

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StackRox Brings in $25M for Container Security

StackRox announced on April 10 that it secured $25 million in a Series B round of funding. StackRox's technology provides advanced container security capabilities to enterprises.

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Karamba Secures $10M for Automotive Cyber-Security

Also on April 10, Karamba announced that it raised $10 million in funding for its automotive cyber-security efforts.

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OPAQ Raises $22.5M for Network Security in the Cloud

On April 11, OPAQ Networks announced that it raised $22.5 million in a Series B round of funding. OPAQ's cloud platform provides network security as a service to enterprises including WAF, DDoS mitigation and micro-segmentation features. "OPAQ Networks has built and delivered the most advanced high-performance platform for providing Fortune 100-grade network security to midsize enterprises, a capability that has been missing in this segment of the market due to deployment complexity, lack of resources and affordability," Glenn C. Hazard, chairman and CEO of OPAQ Networks, stated.

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Empow Secures $10M for SIEM

On April 12, Empow announced that it raised $10 million in a Series B round of funding to support its next-generation Security Information and Event Management (SIEM) platform. "With Empow, what was a morass of complex, expensive, non-communicative tools becomes a silo-busting, intent-based orchestration engine," Peter George, CEO of Empow, stated. "Empow is able to harvest capabilities from any existing security infrastructure—addressing each threat with the right investigations and responses."

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Onapsis Raises $31 Million for ERP Cyber-Security

Onapsis announced on April 13 that it raised $31 million in a Series C funding round. Onapsis is in the business of helping organizations secure their business-critical applications, including SAP and Oracle Enterprise Resource Planning (ERP) software.

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