1VC Cash Infusion Helping Security Vendors Bolster Efforts
Security remains one of the hottest sectors of IT for venture capitalists and vendors alike. In April, a number of firms raised new funding to help support and grow their technology and go-to-market efforts. The new funding highlights the different areas of security that are growing, including cloud, industrial control systems (ICS), cyber-risk, bug bounty and containers. Secure cloud hosting vendor Armor brought in the most money in April, raising $89 million in a new round of equity financing. ICS cyber-security vendor PAS raised the second highest amount, bringing in $40 million to help grow its business. In this slide show, eWEEK takes a look at seven security vendors that raised money in April.
2SlashNext Secures $9M Series A Round of Funding
On April 4, SlashNext announced its Series A round of funding, bringing in $9 million from investors including Norwest Venture Partners and Wing Venture Capital. “The SlashNext product has the unique ability to not only stop the most advanced malware, but also socially engineered attacks that spread through social media, email and messaging apps, all without the need for end point agents,” said Atif Mushtaq, CEO and founder of SlashNext, in a statement.
3Armor Brings In $89M in Funding
4PAS Raises $40M to Secure Industry Control Systems
5CyberGRX Lands $20M to Limit Cyber-Risk
6Dome9 Secures $16.5M for Cloud Infrastructure Security
Cloud infrastructure security vendor Dome9 announced on April 19 that it had raised $16.5 million in a Series C round of funding led by SoftBank Corp. Total funding to date for Dome9 is now $29 million. Dome9’s core product is the Arc software-as-a-service (SaaS) platform that provides compliance and security features for cloud environments.
7Synack Brings In $7.5M for Bug Bounties
8Twistlock Raises $17M to Secure Containers
On April 25, Twistlock announced a $17 million Series B round of funding led by Polaris Partners, bringing total funding to date to $30 million. Twistlock’s core platform provides runtime security for container deployments.