15 Cybersecurity Companies That Hauled In Major Funding In Q3
Security Upstarts, And The VCs Who Love Them
In the realm of emerging enterprise technology, cybersecurity is the current reigning champion--at least in terms of venture capital activity. Out of the 100 venture deals for enterprise tech companies that we tracked during the third quarter, 43 of them were for security companies.
What follows are 15 of the most promising cybersecurity companies that raised funding during the quarter -- with funding totaling $494 million.
Aqua Security
Headquarters: Tel Aviv, Israel, and San Francisco
CEO: Dror Davidoff
Funding: $9 million, Series A
Investors: Microsoft Ventures (led the round), TLV Partners, Schlomo Kramer
What it does: Provider for of a security platform for virtual container applications.
Bay Dynamics
Headquarters: San Francisco
CEO: Feris Rifai
Funding: $23 million, Series B
Investors: Carrick Capital Partners (led the round), Comcast Ventures
What it does: Offers cyber risk analytics software for measuring and reducing security threats.
BitSight Technologies
Headquarters: Cambridge, Mass.
CEO: Shaun McConnon
Funding: $40 million, Series C
Investors: GGV Capital (led the round), Flybridge Capital Partners, Globespan Capital Partners, Menlo Ventures, Comcast Ventures, Liberty Global Ventures, Singtel Innov8, CEO Shaun McConnon
What it does: Provider of a security ratings platform, which aims to objectively rate the security performance of companies.
Cato Networks
Headquarters: Tel Aviv, Israel, and Alpharetta, Ga.
CEO: Shlomo Kramer
Funding: $30 million, Series B
Investors: Greylock Partners (led the round), Singtel Innov8, U.S. Venture Partners, Aspect Ventures, company founders Shlomo Kramer and Gur Shatz
What it does: Creator of a cloud-based network--which connects all branch locations, mobile users and infrastructure--with enterprise security built into it.
CyberX
Headquarters: Framingham, Mass.
CEO: Omer Schneider
Funding: $9 million
Investors: Flint Capital (led the round), Glilot Capital Partners, Swarth Group, GlenRock, ff Venture Capital
What it does: Offers cybersecurity solutions aimed at industrial IoT, including real-time detection of operational incidents and cyber threats.
Darktrace
Headquarters: Cambridge, U.K. & San Francisco
CEO: Nicole Eagan
Funding: $65 million, growth round
Investors: KKR (led the round), Summit Partners, TenEleven Ventures, SoftBank-affiliated SB ISAT Fund
What it does: Software for enterprise cybersecurity using its ’Enterprise Immune System,’ which aims to detect and respond to threats that hadn’t been identified previously.
Distil Networks
Headquarters: San Francisco and Arlington, Va.
CEO: Rami Essaid
Funding: $21 million, Series C
Investors: Silicon Valley Bank, Bessemer Venture Partners, Foundry Group, Techstars
What it does: Offers software for detecting and blocking malicious bots without impacting legitimate website traffic.
PhishMe
Headquarters: Leesburg, Va.
CEO: Rohyt Belani
Funding: $42.5 million, Series C
Investors: Paladin Capital Group (led the round), Bessemer Venture Partners
What it does: Cyber-defense solutions for stopping human phishing attacks.
SecBI
Headquarters: Beer Sheva, Israel
CEO: Gilad Peleg
Funding: $5 million, Series A
Investors: Orange Digital Ventures, Connecticut Innovations, Jerusalem Venture Partners, Imperva CTO/co-founder Amichai Shulman
What it does: Provider of an advanced threat detection system that aims to provide a fuller scope of cyberattacks (including all affected users, domains and assets) than other systems.
Skyhigh Networks
Headquarters: Campbell, Calif.
CEO: Rajiv Gupta
Funding: $40 million, Series D
Investors: Thomvest Partners (led the round), Greylock Partners, Sequoia Capital
What it does: Cloud Access Security Broker solution, which serves as central control point for protecting data stored in different cloud services.
StackPath
Headquarters: Dallas
CEO: Lance Crosby
Funding: $150 million
Investors: ABRY Partners
What it does: Offers a platform that brings together enterprise security solutions with software for improving customer experiences on the Web.
ThreatQuotient
Headquarters: Reston, Va.
CEO: John Czupak
Funding: $12 million, Series B
Investors: New Enterprise Associates (led the round), Blu Venture Investors, Center for Innovative Technology
What it does: Provides a threat intelligence platform, ThreatQ, which works by correlating external data sources with internal analytics.
TwistLock
Headquarters: San Francisco
CEO: Ben Bernstein
Funding: $10 million, Series A
Investors: TenEleven Ventures (led the round), Rally Ventures, YL Ventures
What it does: Vulnerability management and authentication for containers.
Veriflow
Headquarters: San Jose, Calif.
CEO: James Brear
Funding: $8.2 million, Series A
Investors: Menlo Ventures (led the round), New Enterprise Associates
What it does: Uses detection of vulnerabilities to prevent network breaches and outages.
Virtru
Headquarters: Washington, D.C.
CEO: John Ackerly
Funding: $29 million, Series A
Investors: Bessemer Venture Partners (led the round), New Enterprise Associates, Soros Fund Management, Haystack Partners, Quadrant Capital Advisors, Blue Delta Capital
What it does: Provides email and file encryption that’s aimed at being both easy to use and affordable.