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10 Top Cybersecurity News Stories Of 2020

The cybersecurity industry in 2020 saw lots of outside money to address challenges around securing a remote workforce, with vendors tapping into the deep pockets of public investors and private equity, while solution provider giants found themselves being targeted with ransomware.

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4. Four Vendors Notch Multiple Big Funding Rounds

Four cybersecurity startups enjoying stratospheric growth went to the venture capital well for six-figure funding rounds not once but twice in 2020. Fast-growing privacy and compliance superstar OneTrust hauled in $210 million of Series B funding in a February round led by Insight Partners and $300 million of Series C funding in a December round led by TCV on its way to notching a massive $5.1 billion valuation.

Rising endpoint security star SentinelOne raised $267 million in a November Series F round led by Tiger Global Management on a valuation of more than $3 billion to address demand for its Singularity XDR Platform. That came nine months after SentinelOne closed a $200 million Series E round led by Insight Partners to boost head count and coverage in Asia, Southern Europe and the Persian Gulf states.

Open-source security startup Synk brought in $150 million of Series C funding in a January round led by Stripes and $200 million of Series D funding in a September round led by Additon on a valuation of $2.6 billion. Endpoint visibility and control firm Tanium raised $117.2 million in a June round led by Salesforce Ventures and $150 million in an October round with existing investors on a valuation of $9 billion.

 
 
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