1Cyber-Security Vendors Raise New Funding in October 2017
October 2017 was another month in which multiple cyber-security vendors raised new funding as demand for technologies that can help organizations mitigate the risk of network breaches continues to accelerate. The funding highlights the various security technology sectors that are growing, including threat deception, security management, multifactor authentication, cloud and security training technologies. The largest funding event of the month was recorded Oct. 25, with $150 million in funding raised by Skybox Security to support the development and marketing of the company’s security management technology. Duo Security also pulled in a large round, raising $70 million to advance the company’s multifactor authentication efforts. This slide show covers some of the security vendors that raised funding in the past month.
2HYPR Raises $8M for Authentication Technology
3Attivo Networks Secures $21M for Deception Technology
Cyber-security deception technology vendor Attivo Networks announced Oct. 11 that it has raised $21 million in a Series C round of funding. “Organizations must know immediately when their perimeter security controls fail and be able to respond quickly,” Tushar Kothari, CEO of Attivo Networks, stated. “Attivo Networks’ deception-based detection efficiently closes this detection deficit.”
4ShiftLeft Exits Stealth With $9.3M Series A
Also on Oct. 11, ShiftLeft exited its stealth mode with $9.3 million in Series A Funding for its security-as-a-service (SECaaS) platform. “There is a large and important opportunity in the industry today to insert highly accurate security in the continuous integration and delivery life cycle without impacting an organization’s pace of innovation,” Manish Gupta, ShiftLeft CEO and co-founder, stated.
5Duo Security Raises $70M_4
6Contrast Security Closed $30M in Series C Funding
Contrast Security announced Oct. 18 it raised $30 million in a Series C round of funding. Contrast Security’s platform can help enable what the company calls “self-protecting software.” “Contrast Security has already proven that companies can … respond quickly and effectively to vulnerabilities before attacks even start,” Alan Naumann, CEO and chairman of Contrast Security, stated
7KnowBe4 Boosts Security Awareness Training with $30M Series B
8Averon Raises $8.3 Series A for Authentication Technology
9Skybox Security Brings in $150M
The largest funding event in October 2017 occurred Oct. 27, when Skybox Security announced a $150 million round of investment. Skybox Security provides a management and analysis platform for cyber-security technologies. “We aim to help the chief information security officer and security teams understand what tools they have in place,” Gidi Cohen, Skybox’s co-founder and CEO, told eWEEK.