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Adrian Sanabria
- FUNDING: Silverfort raises $116 million Series D for identity security platform
$116M Series D, led by Brighton Park Capital (BPC). Added "tens of millions of new ARR". IAM vendor with MFA, ITDR, ISPM, and other trendy offerings.
- FUNDING: Bastille Raises $44 Million Series C Investment Led by Goldman Sachs Asset Management — Bastille
For... wireless security? Protecting wireless networks? Not a big market for this, I can't imagine.
- FUNDING: Cybersecurity automation firm Torq lands $42M in expanded Series B
$42M "expanded" Series B with Bessemer, GGV, Insight Partners, Greenfield Partners, and Evolution Equity Partners participating. Totally not a down round after raising a $50M Series B almost exactly 2 years prior. No, this round, which is exactly timed like you'd expect a series C to be, isn't a down round, it's just more series B.
- FUNDING: Doppel – Announcing $14M Series A to Protect Brands and Organizations
$14M Series A led by A16Z. Appears to be defending against account takeover threats?
- FUNDING: Aim Security Raises $10M to Secure Generative AI Enterprise Adoption
$10M Seed round, led by YL Ventures. Aim aims to secure the use of GenAI.
- FUNDING (NEW COMPANY): Stealth Firm Reken Raises $10 Million Seed Funding
$10M seed round led by Greycroft and FPV Ventures. Focused on detecting GenAI techniques used in cybercrime, like deepfakes.
- FUNDING (NEW COMPANY): P0 raises $5 million in seed funding led by Lightspeed Venture Partners to secure access for cloud-native companies
$5M seed funding led by Lightspeed Venture Partners. Seems focused on privileged access management for engineers (DevOps folks)?
- FUNDING (NEW COMPANY): Prompt Security wants to make GenAI safe for the enterprise
$5M Seed round led by Hetz Ventures. Securing GenAI use within the enterprise.
- FUNDING: Health2047 Portfolio Company HEAL Security Launches from Stealth with $4.6 Million Raised
$2.3M in additional pre-seed funding, led by Health2047 (why not 24/7?), a venture firm founded by the American Medical Association. Total pre-seed funding is now $4.6M.
- FUNDING: Naq Raises €3M in Funding
€3m venture round led by No Such Ventures. NL and UK-based automated healthcare and medical compliance platform.
- FUNDING (NEW COMPANY): Sequoia backs Coana to help companies prioritise vulnerabilities using ‘code aware’ software analysis
$1.6M pre-seed led by Sequoia Capital.
- ACQUISITIONS: The Cyber Why Acquires The Reformed Analyst
- LAYOFFS: Security giant Proofpoint is laying off 280 employees, about 6% of its workforce
- ESSAY: Enmeshment in cybersecurity: blurring boundaries between products and services
A very interesting topic that we've covered here quite a bit, as we've watched services firms raise more funding than pure software firms!
- DUMPSTER FIRE: Former NSA Chief Keith Alexander Caught SPAC Fever, and Investors Got…
Rumors of IronNet's death seem to have been exaggerated. Not by much though.
- ESSAYS: Hero culture in cybersecurity: origins, impact, and why we need to break the toxic cycle
- ESSAYS (CAREER ADVICE): Quitting Time
- TRENDS: Cybersecurity author Ross Haleliuk battles AI-powered fraud
A post from our friend Ross, who is battling illicit copies of his book, featured alongside the real book on the very platforms he partnered with to publish his book.
- TRENDS: Why 404Media Needs its Readers’ Email Addresses
More AI-enabled fraud threatening written works. It's not just book authors having to battle this stuff.
- NEW TECH: EPB, ORNL announce new partnership on Quantum Security
Innovation or snake oil? Apparently, the vendor involved in this partnership is Qubitekk, which has invented a "Quantum Network". Why would you want a quantum network? Apparently, if observed by an outside party, it can notify you.
But don't fiber networks have light leaks? Don't networks need to be monitored?
I'm having a hard time seeing this as anything other than a technology in search of a problem. We already have encryption to protect data against prying eyes, so I'm not sure what value this is providing.
- BREACHES: 26 Billion Records Released in “The mother of all breaches”
But is it really new content when someone publishes an omnibus edition?
- RESEARCH: HackAPrompt – A Taxonomical Ontology of Prompt Hacking Techniques
Some very cool research into prompt injection techniques.
- RESEARCH: Cybersecurity In 2024: Startling Insights from Over 1000+ CISOs
A nice meta analysis of several reports that interviewed CISOs. I don't know that I can call anything in it "startling", but there were definitely some interesting nuggets that made it worth the read.
- SQUIRREL: Your washing machine could be sending 3.7 GB of data a day — LG washing machine owner disconnected his device from Wi-Fi after noticing excessive outgoing daily data traffic
