18 Startups Raise Money to Secure Everything From ICS to Home Networks
Cyber-security startups continue to gain the attention of venture capitalist pocketbooks—in February 2018, at least eight vendors raised new money. The biggest single round of funding in February was secured by fraud detection vendor DataVisor, which raised $40 million. Artificial intelligence-powered threat hunting vendor Vectra wasn’t far behind, raising $36 million. Industrial control system (ICS) security was a hot area of startup investment this month as well, with Aperio Systems raising $4.5 million and CyberX securing $18 million. In this slide show, eWEEK looks at some of the security vendors that raised money in February 2018.
2SAM Secures $3.5M to Secure Home Networks
On Feb. 6, home network cyber-security vendor SAM emerged from stealth mode and announced a $3.5 million round of funding. “With SAM, telecom providers now have the opportunity to offer an added security value to customers, and at the same time, they are armed with real-time data about the ongoing threats and infiltrations attempts,” Sivan Rauscher, co-founder and CEO of SAM, stated. “This allows them to deliver an unmatched comprehensive solution for secure home connectivity.”
3Aperio Systems Raises $4.5M for ICS Security
On Feb. 7, industrial control system (ICS) cyber-security vendor Aperio Systems announced that it raised $4.5 million in a seed round of funding. “You don’t target nuclear plant engineers to steal credit cards,” Michael Shalyt, CEO of Aperio Systems, stated. “Securing critical infrastructure has tangible financial, social and even life-or-death implications.”
4DataVisor Secures $40M to Fight Fraud
5Infocyte Raises $5.2M for Threat Hunting Platform
Also on Feb. 12, threat hunting platform vendor Infocyte announced that it raised $5.2 million in a Series B round of funding. “Our intent has always been to greatly simplify the threat hunting process and empower practitioners with varying skill sets to effectively hunt without specialized expertise,” Chris Gerritz, founder and chief product officer of Infocyte, stated.
6Perception Point Brings In $8M for Cloud-Based Security
On Feb. 13, Perception Point announced that it raised $8 million in a Series A round of funding. The company provides a cloud-based advanced email protection technology and is now looking to expand its portfolio to help organizations intercept advanced attacks. “As more and more move to the cloud, they require security solutions that are equivalent in terms of speed, scale and flexibility, while also being effective against the more advanced types of threats,” Yoram Salinger, CEO of Perception Point, stated. “At Perception Point, we saw an opportunity to serve both requirements—fusing the flexibility of a cloud solution with the threat visibility only possible at a CPU level.”
7Morphisec Secures $12M for Endpoint Threat Protection
Morphisec announced on Feb. 19 that it raised $12 million in a Series B round of funding to help advance its endpoint threat prevention technology. “We built Morphisec to become an essential part of every company’s security and IT operation, and to defeat attacks that other endpoint technology cannot,” Ronen Yehoshua, CEO and president at Morphisec, stated.
8Vectra Raises $36M to Boost Threat Hunting AI
9CyberX Brings In $18M to Combat ICS Threats_8
CyberX announced on Feb. 27 that it raised $18 million in a Series B round of funding to support the company’s efforts around improving ICS security. “Sophisticated malware such as WannaCry and NotPetya, along with targeted ICS cyber-attacks such as TRITON and Industroyer, have shown business leaders that industrial cyber risk can have a material impact on financial results, as well as potential safety and environmental implications,” Omer Schneider, co-founder and CEO of CyberX, stated.