Cybersecurity Market Review Q2 • 2017
Advisors & Dealmakers In Cybersecurity.
Momentum Partners at September 26 - 27 • South San Francisco. Select Notable Speakers
Newsweek’s Annual Structure Security Conference
•
September 26 - 27 South San Francisco Conference Center
Arlete Hart CISO
•
Topic: “Security at the FBI”
Join us as at Newsweek’s Annual Structure Security event which will bring together over 500 cyber executives, investors, advisors and over 40 speakers, including the FBI, IBM, Cisco, Century Link, UBER, Carbon Black, Verodin, and many others for cutting edge discussions and workshops about latest industry trends.
Scott Chasin CEO & Co-Founder Topic: “The Problem in Enterprise
Industry Topics Include:
Security”
How Virtualization Could Transform Cloud Security
Funding The Future of Security Innovation
Securing The Internet of Things
The Cybersecurity Landscape
Internet Vulnerabilities: How You Will Be Owned
The Evolution of The CISO
Automating Application Security
The Problem In Enterprise Security
Select Conference Advisors Dino Boukouris Director & Founding Member Momentum Partners
Jay Leek Managing Director ClearSky Security
Asheem Chandra General Partner Greylock Partners
Mark Hatfield Founder & General Partner Topic: “Funding the Future Of Security
Innovation”
Patrick Morley President & CEO Topic: “The Cybersecurity Landscape”
Candace Worley Chief Technical Strategist Topic: “Warning: What You Need to
Know About the Security Workforce Crisis”
David Mahon VP & Chief Security Officer Topic: “The Evolution of the CISO”
Leading Security Experts, Investors and Advisors Charles Beeler General Partner Rally Ventures
Matt Bigge Operating Partner Crosslink Capital
Alex Doll Managing Member Ten Eleven Ventures
2
Table of Contents A Comprehensive Review Of The Cybersecurity Strategic Landscape In 2Q17. I.
About Momentum Partners ▪ ▪ ▪ ▪
II.
In Focus: Data Privacy In Focus: Cloud Security
Cybersecurity Sector vs. Benchmark Performance Despite An Uptick In Correlation of Value To Growth… …Balancing Growth & Profitability Matters Much More
Q2 2017 Watch List
Cybersecurity Multiples Have Begun To Increase After Their Rerating CYBERscape
12
18 ▪ ▪
Update: Private Equity Continues To 2Q17 Cybersecurity Investor Spotlight
▪ ▪
Public Company Trading Analysis Okta IPO Profile
33 ▪
Momentum’s Watch List Outperforms
▪
Highlighted M&A Transactions
▪ ▪
Venture Capital Activity Highlighted Fundraising Activity
38
VC Activity In Cybersecurity ▪ ▪
Financing Activity Since 2010 Cybersecurity Startups & Investors
Cybersecurity
23
M&A Activity In Cybersecurity ▪ Cybersecurity M&A Activity ▪ Notable M&A Transactions
VII.
▪ ▪
Momentum’s Watch List ▪
VI.
2017: Market Update & Observations The Cybersecurity Dashboard: Q2 2017 A Summary of Recent Strategic Activity in Cybersecurity
Public Company Trading Analysis ▪ ▪ ▪
V.
Thought Leadership In Cybersecurity Momentum’s Vast Cybersecurity Network & Reach Why Momentum Partners
Cybersecurity Industry Perspectives ▪ ▪
IV.
▪ ▪ ▪
Executive Summary ▪ ▪ ▪
III.
The Premier Cybersecurity Advisors Highly Focused On The Cybersecurity Sector Prolific M&A Advisory Experience Balanced & Highly Experienced Advisors
4
55
3
I.
About Momentum Partners
The Premier Cybersecurity Advisors Enterprise Class Advice. Aligned With The Entrepreneur.
The Firm Momentum Partners is a boutique Cybersecurity focused Investment Bank based in Silicon Valley with operations globally. We employ a bespoke high-impact advisory model tailored to the unique needs of earlier stage Founders/CEOs and the complexity of later stage/Public companies – Series A to Exit – where we are relentless in our pursuit for better outcomes for our clients.
The Founders
Empathy
Michael Tedesco
Founder & Executive Chairman
Action Eric McAlpine
Founder & Managing Partner
15+ Years Board/CEO Advisor, Cybersecurity & Enterprise Software
Tenacity Innovation
Keith Skirbe Director
Dino Boukouris
Momentum Partners
200+ Deals $200+ Billion
Objectivity
20+ Years M&A and Board Advisory Across Enterprise IT, Board Member, & Investor
Momentum Capital Markets 340 Brannan Street | Suite 501 San Francisco, California 94107
Director
Long Term Loyalty Sense of Humor
5
Highly Focused On The Cybersecurity Sector Significant Deal Experience And Comprehensive Coverage Across The Cybersecurity Landscape. Network
●
Vulnerability Management
●
Web
●
Email
●
Cloud
●
SIEM
●
Analytics
●
Threat Intelligence
●
Mobile
●
Endpoint
●
MSSP
acquired by
acquired by
Board Advisory & Corporate Strategy
acquired
acquired
acquired by
acquired
acquired by
Cloud Security
Secure Cloud Orchestration
Threat Intelligence
SaaS / Mobile Security
Endpoint Security
SIEM
MDM
Network / Web Security
Undisclosed
Undisclosed
$220M
$65M
Undisclosed
Undisclosed
$465M
acquired
acquired
acquired by
acquired by
acquired
acquired
acquired by
Network Security
Email Security
Vulnerability Management
SaaS / Email Security
Strategic Financing & Share Buyback
Intrusion Detection
Managed Security Services
Network Security
$295M
$273M
$86M
$695M
$145M
$135M
Undisclosed
$2.0B
6
Prolific Technology M&A Advisory Experience: 200+ Deals For Over $200+ Billion Highly Experienced At Executing Transactions Of All Sizes Across All Enterprise IT Sectors For Two Decades. Client
Counterparty
Wireless Solutions Business
Database Business
Transaction
Amount ($M)
Transaction
Amount ($M)
Transaction
Amount ($M)
Merger
25,000
Client
Counterparty
Sellside
497
Buyside
170
Sellside
13,299
Sellside
465
Sellside
162
Defense
10,300
Joint Venture
420
Buyside
157
Sellside
8,005
Buyside
420
Buyside
145
Buyside
5,030
Sellside
400
Sellside
142
Sellside
4,838
Buyside
380
Buyside
135
Buyside
3,500
Sellside
375
Buyside
112
Buyside
2,448
Sellside
339
Sellside
106
Client
Counterparty
Sellside
1,900
Sellside
327
Dual Track
97
Buyside
1,700
Buyside
295
Sellside
86
Buyside
1,600
Buyside
273
Buyside
75
Divestiture
1,400
Sellside
245
Buyside
65
MOE
1,300
Buyside
230
Buyside
63
Sellside
1,000
Buyside
220
Buyside
61
Sellside
1,000
Sellside
219
Buyside
900
Sellside
205
Buyside
710
Sellside
Sellside
695
Sellside
Sellside
593
Sellside
Buyside
500
Sellside
Buyside
Undisclosed
Divestiture
Undisclosed
200
Sellside
Undisclosed
180
MBO
Undisclosed
178
Sellside
Undisclosed
170
Sellside
Undisclosed
Cable Access Business
An EDS Company
Management Buyout
7
Balanced & Highly Experienced Advisors A Bespoke, High-Impact Advisory Boutique For Discerning Clients Seeking Better Outcomes.
Our Advisory Services
Our Balance
Cybersecurity
▪ Mergers & Acquisitions - Sellside -
Buyside Divestitures Joint Ventures Dual Process (+ Cap Raise)
28%
37%
Enterprise IT
Cloud & SaaS
35%
1,100
5
06/06/17 05/25/17
0
100
2016
2017 YTD
Jan-15 Mar-15 May-15
Volume ($B)
100
04/05/17 06/27/17
01/25/17
Sep-15 Nov-15 Jan-16 Mar-16 May-16
Public Comps
268
05/17/17
Jul-15
89
70
2017 YTD
# of Deals
Specialized Threat Analysis & Protection Identity & Access Management
15
Threat Intel / SecOps / IR
7 5
120
2016
2017
(EV / 2016E Rev) Multiple as of 06/30/16
(EV / 2017E Rev) Multiple as of 06/30/17
31
27
Application Security Risk & Compliance Web Security Industrial / IOT Security Network Security Messaging Security MSSP
6
10 24
2016 Total: 268
Fraud Prevention / Transaction Security
2016
14
M&A Activity
17
2017 YTD Total: 134
23
1
7 12
6
3
8
15
6
3
2016 Total: 137
2
8
10
5 14
34
16 30
120
7
12
22
14
13
2017 YTD
# of Deals
(Median EV / LTM Rev)
9 8
16
14
2016
2017 YTD
Financing Activity
Mobile Security Endpoint Security
215
33
5
Data Security
235 69
Min 1.4x
15
Cloud Security
400
137
4.6x
Min 1.0x
2016
614
2017 YTD
Volume ($B)
4.9x
Median 3.0x
75
2016
M&A EV / Rev Multiples
Median 4.2x
134
Sep-16 Nov-16 Jan-17 Mar-17 May-17
Max 8.7x
Max 7.3x
100
Jul-16
3
11
2017 YTD Total: 69
4
5 2
9
19 5
4
6
5
8
4 2
11 3
2
5
A Summary Of Recent Strategic Activity In Cybersecurity Investing Activity Continues To Outpace Exits (M&A + IPO). Selected Acquisition Activity
Selected VC Activity
Equity
(Date: Implied Enterprise Value / LTM Rev Multiple)
(Date: $ Raised / Pre-$ Valuation / Funding Stage)
(Date: $ Raised) On File
5/17: $100M / NA
5/17: $120M / NA
4/17: $215M / 7.2x
3/17: $614M / 6.1x
6/17: $125M / NA / D
6/17: $100M / NA / D
6/17: $100M / NA / E
File Confidentially on 2/1/17
Filed Confidentially on 9/30/16
4/17: IPO: $187M 2/17: $400M / NA
12/16: $1.9B / 2.0x
2/17: $105M / 10.5x
11/16: $650M / 6.5x
2/17: $120M / 4.8x
11/16: $2.4B / 3.6x
1/17: $1.1B / NA
9/16: $NA / NA
5/17: $100M / NA / Venture
3/17: $12M / NA / B
5/17: $100M / NA / D
3/17: $15M / NA / Venture
4/17: $89M / NA / F
9/15: Series F: $75M 6/14: Series E: $75M 9/13: Series D: $27M 12/12: Series C: $25M 8/11: Series B: $17M 2/10: Series A: $10M
$229M
2/17: $40M / NA / C 4/16: IPO: $112M Dell Spinoff
9/16: $1.3B / 3.5x
6/16: $293M / 10.0x+
9/16: $4.2B / 2.0x-2.5x
7/16: $1.5B / 3.4x
6/16: $4.7B / 7.9x
6/16: NA / NA
9/16: $488M /3.7x
6/16: $600M / NA
1/17: $70M / NA / C
11/16: $31M / NA / C
1/17: $45M / NA / C
9/16: $40M / $300M / D
11/16: $60M / NA / C
8/16: $50M / NA / F
11/15: IPO: $78M 9/16: Secondary Offering: $66M 9/12: Series C: $62M 1/10: Series B: $21M $91M 12/08: Series A: $8M
2/16: $100M / NA
2/16: $45M / NA
2/16: $30M / NA
1/16: $275M / 6.9x
7/16: $64M / NA / C
7/16: $180M / NA / A
6/16: $20M / $71M / B
7/15: IPO: $103M 12/14: Series D: $30M 11/11: Series C: $50M 2/10: Series B: $2M 9/08: Series A: $7M
1/16: $10M / NA
1/16: NA / NA
12/15: $35M / 1.9x
11/15: $78M / NA
6/16: $20M / NA / B
6/16: $100M / $900M / D
5/16: $41M / NA / D
6/15: IPO: $553M 5/02: Minority: $60M 9/98: Venture: $4M
Source: Capital IQ, 451 Group, Crunchbase, TechCrunch. Momentum Partners maintains a proprietary Cybersecurity M&A deal database.
$89M
$64M
15
Cybersecurity Multiples Have Begun To Increase After Their Rerating One Year Ago Public Market Valuations For Cybersecurity Have Begun To Increase Since Their Rapid Decline From ‘The Peak.’ Max 14.8x
Today 51.0% Reduction
A Year Ago
Max 8.7x
Max 7.3x
20.2% Increase Median 8.5x
64.6% Reduction
Median 4.2x
Median 3.0x
41.5% Increase Min 2.4x EV / 2015E Revenue Multiple as of 6/23/15*
38.3% Increase
56.2% Reduction
The Peak
Min 1.4x Min 1.0x EV / 2016E Revenue Multiple as of 6/30/16
* Date Cybersecurity ETF Index HACK hit all-time high. Note: Excludes OKTA given recent IPO status.
EV / 2017E Revenue Multiple as of 6/30/17
Company
EV/2016E Revenue
EV/2017E Revenue
% Change
1.0x
2.6x
147.3%
2.7x
6.1x
125.3%
3.0x
5.2x
74.7%
2.5x
4.2x
71.0%
2.3x
3.7x
61.1%
3.0x
4.6x
53.2%
1.9x
2.8x
46.2%
4.2x
5.6x
32.3%
7.0x
8.7x
24.1%
2.9x
3.3x
14.1%
3.2x
3.5x
11.0%
3.7x
4.0x
7.6%
7.3x
7.5x
3.6%
3.5x
3.6x
2.6%
2.5x
2.3x
8.8%
6.6x
5.9x
9.6%
6.9x
5.7x
16.9%
6.6x
5.4x
18.2%
2.4x
1.4x
40.1%
16
CYBERscape: The Cybersecurity Landscape Network Security
Endpoint Security
Application Security
Network Firewall
Network Monitoring/Forensics
Endpoint Prevention
WAF & Application Security
Intrusion Prevention Systems
Unified Threat Management
Endpoint Detection & Response
Vulnerability Assessment
Web Security
Messaging Security
Managed Security Service Provider
Risk & Compliance
Data Security
Security Operations & Incident Response
Mobile Security
SIEM
Threat Intelligence
Security Incident Response
Industrial / IoT Security
Identity & Access Management
Specialized Threat Analysis & Protection
Fraud Prevention / Transaction Security
The Cybersecurity Landscape is Vast and Dynamic. We Have Vigilantly Covered The Sector For Over Two Decades.
Cloud Security
III.
Cybersecurity Industry Perspectives
In Focus: Data Privacy The EU General Data Protection Regulation (GDPR) Is Driving Growth In Software-Based Privacy Solutions. What is GDPR? ▪ ▪ ▪
Companies Addressing GDPR
GDPR is a regulation designed to enhance the protection of individuals residing in the EU as well as address the export of “personal data” outside the EU It applies to all organizations that do business in the EU and any organization outside the EU handling EU citizens’ personal data It broadens the definition of “personal data” and includes identifiers such as genetic, mental, cultural, economic, social identity and online (IP addresses, cookies)
Artificial intelligence, machine learning, automation, identity intelligence and big data expertise are key capabilities and requirements of GDPR platforms Company
Founded
HQ
Amount Raised ($M)
CEO
2015
San Francisco, CA
--
Nimrod Luria
2016
New York, NY
2.1
Dmitri Sirota
2016
Seattle, WA
3.0
Kristina Bergman
2013
San Jose, CA
7.0
Stuart Lacey
GDPR Requirements: 25 May 2018: GDPR goes into effect
Penalties: 4% of revenue or €20M (whichever is greater)
Satisfy customer data portability support and enable right-to-beforgotten and erased from records
Users may request a copy of personal data in a portable format
Implement adequate technical and organizational measures to protect persons’ data and systems
Demonstrate enforcement of customer consent for personal data collection
Privacy risk impact assessments will be required where privacy risks are high
What Is Required Of Companies To Comply?
Controllers must comply with breach notification windows
Appointment of data protection officer (DPO) will be mandatory for companies processing high volumes of personal data
Are Companies Prepared?
2011
New York, NY
--
Todd Feinman
20% CAGR) Palo Alto Networks
$1,567
$1,924
$2,333
23%
21%
$334
$453
$581
21%
24%
25%
Splunk
950
1,200
1,507
26%
26%
91
136
204
10%
11%
14%
Proofpoint
375
500
638
33%
28%
39
59
89
10%
12%
14%
Okta
160
236
321
47%
36%
(61)
(82)
(71)
(38%)
(35%)
(22%)
CyberArk
217
270
326
25%
21%
60
63
80
28%
23%
25%
Mimecast
171
229
286
34%
25%
9
18
28
5%
8%
10%
Rapid7
157
196
237
24%
21%
(25)
(22)
(14)
(16%)
(11%)
(6%)
Symantec
$3,777
$4,970
$5,352
32%
8%
$1,503
$2,166
$2,597
40%
44%
49%
Check Point Software
1,741
1,876
2,004
8%
7%
963
1011
1083
55%
54%
54%
Fortinet
1,275
1,491
1,711
17%
15%
242
302
376
19%
20%
22%
Trend Micro
1,130
1,311
1,383
16%
5%
369
444
478
33%
34%
35%
FireEye
714
731
799
2%
9%
(31)
62
87
(4%)
9%
11%
Sophos
501
568
665
13%
17%
62
58
196
12%
10%
30%
Imperva
264
321
380
22%
18%
7
33
46
2%
10%
12%
Qualys
198
227
264
14%
16%
68
72
88
34%
32%
33%
Barracuda Networks
347
369
406
6%
10%
76
69
84
22%
19%
21%
Secureworks
430
463
511
8%
10%
(16)
(25)
2
(4%)
(5%)
0%
F-Secure
167
196
216
17%
10%
26
19
32
15%
10%
15%
VDSI
192
185
206
(4%)
11%
21
16
23
11%
9%
11%
MobileIron
164
183
205
12%
12%
(26)
(10)
(4)
(16%)
(6%)
(2%)
Low Growth Cybersecurity (10x
$200M
25%
29 15%
21
17%
20% 13%
15%
41
10%
31
5% 0%
32
20%
112
24%
>$0M - $50M
$50M - $100M
6% 23
$100M - $250M
10%
10%
$250M - $500M
8%
14
19
$500M - $1B
$1B+
▪
The median exit enterprise value for Cybersecurity exits since 2010 was $63.5M
▪
M&A exits in Cybersecurity are typically below $100M – 60%+ of the time
▪
Exits > $1B are rare, representing 8% of all deals (7 public, 9 private and 3 spin-out)
22
5%
11
0% ▪
>0.0 - 3.0x
3.0x - 5.0x
5.0x - 10.0x
10.0x+
Valuations for M&A exits in Cybersecurity vary for many reasons – growth, market leadership, customer validation, technology and team
▪
Exits >10x are a minority (18%) where the buyers are typically cash rich and willing to pay what it takes (median cash balance of the buyers at time of acquisition was $2.2B and median market cap was $16.3B)
Buyers Source: Momentum Partners, 451 Research, Capital IQ.
40
Notable Cybersecurity M&A Transactions Cybersecurity M&A Transactions With Disclosed Transaction Values. Date
Target
Buyer
Enterprise Value ($M)
TTM Revenue ($M)
06/30/17
Cloud Security Corporation
06/20/17
ProofID Limited
06/08/17
Management Buyout
0.4
−
−
PEGRight
5.0
−
−
Hexadite
Microsoft
100.0
−
−
05/11/17
Conjur
CyberArk Software
42.0
−
−
05/05/17
Open Systems
EQT Partners
120.0
−
−
04/28/17
Guavus
Thales S.A.
215.0
30.0
7.2x
04/20/17
SecurEnvoy
Shearwater Group PLC
25.7
4.1
6.3x
04/04/17
Cloud Security Corporation
Zhi Lu Peng
0.4
−
−
03/15/17
Greenview Data
Zix Corporation
8.1
−
−
03/14/17
CyberGhost S.R.L.
Crossrider Plc
9.8
2.2
4.4x
03/08/17
Sotera Defense Solutions
The KEYW Corporation
235.0
−
−
03/07/17
Avaya (Network Security Solutions Business)
Extreme Networks
100.0
−
−
03/06/17
Veracode
CA
614.0
−
−
02/28/17
LightCyber
Palo Alto Networks
105.0
10.0
10.5x
02/23/17
BlueCat Networks
Madison Dearborn Partners
400.0
−
−
02/08/17
Invincea
Sophos
120.0
−
−
02/08/17
Skyfence Networks
Forcepoint
40.0
−
−
02/01/17
Niara
HPE Aruba
50.0
−
−
02/01/17
Delta ID
Fingerprint Cards AB
01/30/17
Ixia
Keysight Technologies
01/17/17
CynergisTek
Auxilio
Source: Capital IQ, 451 Research.
EV / Revenue
120.0
−
−
1,659.3
495.2
3.4x
34.2
15.0
2.3x
41
Notable Cybersecurity M&A Transactions Cybersecurity M&A Transactions With Disclosed Transaction Values. Date
Target
Buyer
Enterprise Value ($M)
TTM Revenue ($M)
01/09/17
Harvest.ai
01/09/17
BluVector
01/03/17
LANDESK
Lumension Security (Heat Software)
12/27/16
Hexatier
Huawei
12/06/16
Optiv Security
KKR
11/21/16
Dyn
Oracle
11/20/16
LifeLock
Symantec
11/11/16
Virtual Security Research
NCC Group
11/01/16
Barricade Security Systems
Sophos
10/20/16
FireLayers
Proofpoint
EV / Revenue
Amazon
20.0
−
−
LLR Partners
50.0
−
−
1,100.0
−
−
42.0
−
−
1,900.0
943.3
2.0x
650.0
100.0
6.5x
2,362.1
650.2
3.6x
6.0
−
−
1.9
−
−
55.0
−
−
10/04/16
ValidSoft UK
Management Buyout
3.0
−
−
09/19/16
Infoblox
Vista Equity Partners
1,254.3
358.3
3.5x
09/07/16
McAfee
TPG Capital
4,200.0
−
−
08/26/16
PhenixID
Clavister Holding
11.5
1.1
10.5x
08/24/16
Return Path, Email Fraud Protection Division
Proofpoint
18.0
−
−
08/17/16
Modulo Security
SAI Global
5.2
−
−
08/17/16
Sypris Electronics, Cyber Security Solutions
Analog Devices
42.0
−
−
07/26/16
Appcito
A10 Networks
6.5
−
−
07/25/16
OpenLimit
WISeKey
20.4
13.1
1.6x
07/22/16
Damballa
Core Security Technologies
9.0
−
−
07/19/16
Confer Technologies
Carbon Black
100.0
−
−
Source: Capital IQ, 451 Research.
42
Notable Cybersecurity M&A Transactions Cybersecurity M&A Transactions With Disclosed Transaction Values. Date
Target
Buyer
07/13/16
Imprivata
Thoma Bravo
07/07/16
AVG Technologies
AVAST Software
06/29/16
IDscan Biometrics
GB Group
06/28/16
Cloudlock
Cisco
06/12/16
BlueCoat
Symantec
06/07/16
AccelOps
Fortinet
06/01/16
Ping Identity Corporation
Vista Equity Partners
05/05/16
Advanced Security Consulting
Falanx Group
04/27/16
ANXeBusiness
04/18/16
CSIdentity
03/23/16
Sookasa
03/10/16
Agata Solutions
03/03/16
Enterprise Value ($M)
TTM Revenue ($M)
EV / Revenue
488.5
131.1
1,463.0
430.6
3.7x 3.4x
60.8
10.3
5.9x
293.0
−
10.0x+
4,722.2
598.3
7.9x
32.0
−
−
600.0
−
−
0.8
−
−
Open Text
104.0
−
−
Experian
360.0
−
−
Barracuda Networks
0.4
−
−
CyberArk
3.1
–
–
Safend
SuperCom
1.5
–
–
02/29/16
Resilient Systems
IBM
100.0
–
−
02/18/16
ValidSoft
Cross River Initiatives
12.6
–
–
02/08/16
IronKey Enterprise Management Services
DataLocker
0.4
–
–
02/08/16
IID
Infoblox
45.0
–
–
02/01/16
Invotas
FireEye
30.0
–
–
01/20/16
iSight Partners
FireEye
275.0
40.0
6.9x
01/13/16
ScrapeSentry
Distil
10.0
−
−
01/05/16
TowerSec
Harman Becker Automotive Systems
75.8
−
−
Source: Capital IQ, 451 Research.
43
Notable Cybersecurity M&A Transactions Cybersecurity M&A Transactions With Disclosed Transaction Values. Date
Target
Buyer
Enterprise Value ($M)
TTM Revenue ($M)
12/16/15
Evault
12/14/15
SurfRight
12/11/15
EV / Revenue
Carbonite
14.0
−
Sophos
31.8
−
−
Cyveillance
LookingGlass Cyber Solutions
35.0
18.0
1.9x
12/10/15
Trustev
TransUnion
44.0
−
−
11/24/15
Fox-IT Group
NCC Group
140.6
29.0
4.9x
11/17/15
Aura Information Security
Kordia Group Limited
−
11/09/15
Secure Islands
Microsoft
11/09/15
Elastica
Blue Coat Systems
11/02/15
Bloxx
Akamai
10/27/15
Lancope
Cisco
10/22/15
Cloudpath Networks
Ruckus Wireless
9.0
−
−
10/21/15
TippingPoint Technologies
Trend Micro
300.0
169.0
1.8x
10/19/15
Vormetric
Thales e-Security
421.0
53.5
7.9x
10/13/15
Logentries
Rapid7
10/09/15
LastPass
LogMeIn
10/08/15
Daegis
10/07/15
Viewfinity
10/06/15
−
6.5
−
77.5
−
−
280.0
7.5
37.3x
18.7
−
−
452.5
−
−
71.1
−
−
115.7
11.2
10.3x
Open Text
20.8
23.7
0.9x
CyberArk
30.5
−
−
Code Green Networks
Digital Guardian
18.0
−
−
10/05/15
Foreground Security
Raytheon Company
62.0
−
−
09/29/15
Intronis
Barracuda Networks
65.0
20.6
3.2x
09/24/15
Billguard
Prosper
30.0
−
−
Source: Capital IQ, 451 Research.
44
Notable Cybersecurity M&A Transactions Cybersecurity M&A Transactions With Disclosed Transaction Values. Date
Target
Buyer
09/22/15
Elitcore Technologies
Sterlite Technologies
27.3
22.3
1.2x
09/21/15
Absolute Software
HEAT Software
11.0
−
−
09/16/15
Infoplex
Bulletproof Group
2.6
4.3
0.6x
09/08/15
Adallom
Microsoft
290.0
−
−
09/04/15
Good Technology
Blackberry
425.0
211.9
2.0x
08/25/15
Above Security
Hitachi Data Systems
4.7
−
−
08/06/15
Pawaa Software
Cisco
5.0
−
−
07/31/15
Sansa Security
ARM Holdings
71.6
−
−
07/09/15
Caspida
Splunk
190.0
−
−
06/30/15
OpenDNS
Cisco Systems
635.0
−
−
06/26/15
White Sky
Intersections
1.1
−
−
06/16/15
Knowledge Consulting Group
ManTech International
68.0
−
−
06/10/15
Brivo Systems
Dean Drako
50.0
−
−
06/09/15
Reflexion Networks
Sophos
22.0
−
−
06/08/15
IdMlogic
CA Technologies
20.0
−
−
06/02/15
nSense
F-Secure
20.0
7.8
2.6x
05/27/15
ShieldArc
Palo Alto Networks
18.0
−
−
05/06/15
Privax
AVG
60.0
−
−
05/04/15
NT Objectives
Rapid7
6.5
−
−
04/28/15
Cervalis
CyrusOne
400.0
70.0
5.7x
04/21/15
Watchdox
Blackberry
70.0
−
−
Source: Capital IQ, 451 Research.
Enterprise Value ($M)
TTM Revenue ($M)
EV / Revenue
45
Notable Cybersecurity M&A Transactions Cybersecurity M&A Transactions With Disclosed Transaction Values. Date
Target
Buyer
04/20/15
Websense
Raytheon
04/14/15
Fidelis Cybersecurity
Marlin Equity Partners
04/18/15
Oculis Labs
Optio Labs
04/07/15
Trustwave
Singtel
04/02/15
Lacoon Mobile Security
Check Point
03/31/15
Redspin
Auxilio
3.9
−
−
03/24/15
Accumuli
NCC Group
82.8
34.9
2.4
03/10/15
Blue Coat Systems
Bain Capital
2,400.0
−
−
03/10/15
CyActive
Paypal
43.0
−
−
03/02/15
Emerging Threats
Proofpoint
32.3
−
−
03/02/15
Xerocole
Akamai
16.6
−
−
03/02/15
Cloudshield
Lookingglass Cyber Solutions
5.0
−
−
02/24/15
Optenet
Allot Communications
38.0
−
−
02/19/15
MegaPath Managed Services Business
Global Technology & Telecom
152.4
142.4
1.2x
01/14/15
IntellinX
Bottomline Technologies
84.9
−
−
12/09/14
Tripwire
Belden
710.0
118.5
6.0x
11/13/14
Aorato
Microsoft
200.0
−
−
11/05/14
Blackbird Technologies
Raytheon
420.0
−
−
10/21/14
Silversky Networks
BAE Systems
232.5
−
−
10/20/14
RightSignature
Citrix Systems
36.0
−
−
10/13/14
Danaher (Textronix, Arbor, Fluke)
Netscout
2,619.4
836.0
3.1x
Source: Capital IQ, 451 Research.
Enterprise Value ($M)
TTM Revenue ($M)
EV / Revenue
1,900.0
−
−
200.0
60.0
3.3x
0.5
−
−
785.7
216.0
3.6x
80.0
−
−
46
Notable Cybersecurity M&A Transactions Cybersecurity M&A Transactions With Disclosed Transaction Values. Date
Target
Buyer
10/01/14
MobileSpaces
Pulse Secure
100.0
−
−
09/15/14
Attachmate
Micro Focus
2,159.4
875.4
2.5x
09/11/14
Morvirtu
Blackberry
32.5
−
−
09/04/14
Meldium
LogMeIn
15.0
−
−
09/03/14
Location Labs
AVG Technologies
220.0
33.0
6.7x
09/02/14
BeyondTrust Software
Veritas Capital
310.0
70.5
4.4x
09/02/14
SOFTPRO
Kofax
34.7
13.3
2.6x
08/08/14
SafeNet
Gemalto
890.0
454.8
2.0x
08/04/14
MDotLabs
Comscore
4.5
−
−
07/31/14
NetClarity
Hexis Cyber Solutions
1.9
−
−
07/29/14
Secusmart
Blackberry
9.0
−
−
07/22/14
Pulse Secure
Siris Capital Group
250.0
125.6
2.0x
07/21/14
Retail Decisions
ACI Worldwide
205.0
−
−
07/08/14
Delphiis
Auxilio
2.7
−
−
07/07/14
CA Arcserve Data Protection Assets
Marlin Equity Partners
170.0
−
−
Mean
310.2
176.2
5.2
50.0
46.8
3.6
Median
Source: Capital IQ, 451 Research.
Enterprise Value ($M)
TTM Revenue ($M)
EV / Revenue
47
Highlighted M&A Transactions
1
acquires
acquires
acquires
acquires
acquires
open systems
Undisclosed
$100M
$42M
$120M
$215M
June 12, 2017
May 24, 2017
May 11, 2017
May 5, 2017
April 28, 2017
Honeywell Acquires Nextnine Honeywell Will Deliver Industry’s Only Field-Proven Solution To Secure Connected Industrial Operations & IoT. Transaction Overview Date:
Nextnine Overview 6/12/2017 acquires
HQ:
New York, NY
acquires
Founded:
1998
Nextnine provides security management solutions and technologies for industrial cyber security. ICS Shield, is a top-down OT security management solution to secure connected environments that can be deployed as a single system. ICS Shield
Americas
EMEA
Asia
▪ Configuration Collection: collect detailed data about each asset
Oil & Gas
119
1,061
170
▪ Change Management: monitor changes in asset inventory & configuration
Medical & Pharma
818
14
26
Minerals & Mining
249
498
80
Machinery & Automation
42
413
9
1,228
1,986
285
▪ Asset Auto-Discovery: schedule active and passive discovery of ICS assets
▪ Asset Visualization: Provide clear view of all field assets by business & geography
Connect: Enable Secure Remote Access ▪ Remote Access: centralized authentication, session accounting and control
CEO:
IoT Security
Shmulik Aran
Undisclosed
Nextnine Funding Summary: $39.5M Date
Stage
Amount Raised ($M)
Sep 2006
Series C
10.0
Jan 2005
Venture
Jan 2001
Series B
Jan 1998
Seed
Selected Investors
End Customer Distribution
Discover: Identify what’s on the Network
▪ Password Vault: authenticate remote users without sharing device credentials ▪ Secure file distribution & data transfer
Total
Protect: Policy Management ▪
Log Collection: empower improved risk management
▪
Automate software patching and anti-malware updating
▪
File backup and restore
▪
Create whitelists and blacklists
Partners
Transaction Summary & Rationale ▪ “This acquisition shows our ongoing commitment to providing our customers with a comprehensive portfolio of cyber security solutions to protect and defend their industrial control systems and process control networks. Honeywell’s extensive global reach will increase Nextnine’s availability to a broader range of customers.” - Vimal Kapur, President, Honeywell Process Solutions
5.0 20.0 4.5
Source: Company press releases and websites, Capital IQ, 451 Research.
▪ “Honeywell is eyeing the Industrial Internet of Things market opportunity to connect and manage industrial installations across a range of sectors and its acquisition of Nextnine will potentially provide a known quantity in the critical area of security.” – Seeking Alpha
50
Microsoft Acquires Hexadite Looks Again To Israel To Strengthen Its Cybersecurity Efforts (Adallom, Secure Islands, Aorato). Transaction Overview
Hexadite Overview
Date:
5/24/2017
HQ:
Boston, MA
Cyber Analyst Thinking At The Speed of Automation Modeled after the investigative and decision making skills of top cyber analysts and driven by AI, Hexadite’s Automated Incident Response Solution (AIRS) remediates threats and compresses weeks of work into minutes. With analysts free to focus on the most advanced threats, Hexadite optimizes overtaxed security resources for increased productivity, reduced costs, & stronger overall security
Solutions By Hexadite
acquires 2014
Founded:
▪
Eran Barak
Sec Ops / Incid. Response
$100 Million
Hexadite Funding Summary: $10.5M Date
Stage
Feb 2016
Series A
July 2014
Seed
Amount Raised ($M)
Allows existing security investments to operate at full capacity Integrates with any detection system via email, syslog or APIs to expedite deployment and investigate every alert
THE HEXADITE VALUE
▪
CEO:
Investigate: Investigate Everything. No Exceptions
Alert: Prioritization Doesn’t Protect ▪ ▪
After receiving an alert, Hexadite AIRS automatically launches an investigation The result of one investigation can trigger multiple parallel investigations
Strengthen Security Quickly shut down attacks and investigate all alerts to uncover hidden threats and protect against breaches
Decide: Evaluate, Then Eradicate ▪ ▪
Aggregates data from the most advanced and up-todate threat intelligence feeds Uses proprietary algorithms to inspect content and act on every threat
Increase Productivity Free up resources and maximize response effectiveness with automated IR processes and best practices
Remediate: Choose How To Close The Loop ▪
With semi-automated or fully automated remediation capabilities, you can choose the level of human involvement
Reduce Costs Simplify operations and minimize damages and recovery times from attacks through rapid incident resolution
Transaction Summary & Rationale
Selected Investors
▪ On May 24,2017, Microsoft reportedly has acquired Hexadite for $100M 8.0 2.5
▪ “Microsoft had announced earlier this year that it would continue spending $1 billion in 2017 on cybersecurity research and development, excluding acquisitions it might make in the field. The company also maintains three R&D centers in Israel.” -CNBC
Source: Company press releases and websites, Capital IQ, TechCrunch.
51
CyberArk Acquires Conjur Deal Will Deliver Industry’s Only Enterprise-Class Solution To Secure The DevOps Lifecycle & Cloud-Native Environment Transaction Overview
The Conjur Plarform
Date:
5/11/2017
HQ:
Newton, MA
Trust Management for Code, Machines, and People in the Cloud & Container Era Conjur enables security-conscious and regulated enterprises to deploy sensitive workloads to the cloud with confidence. It creates and maintains trust in the code, machines, and people that make up today's digital business. Make Devops Safe Privileged access & secrets management automation to secure continuous delivery
acquires
Founded: CEO:
Identity & Access Mgmt
2013 Elizabeth Lawler
Company
Simplify Compliance Define, implement, and enforce your policies, and deliver reports to prove it
$42 Million
CyberArk Acquisition History Date
Ensure Trusted Access At Webscale Between the thousands of elements that compose modern cloud & IoT applications
Description
3/11/2016
Provides high speed cyber solutions for government agencies, enterprises, and network operators through DPI technology.
10/7/2015
Offers app control features and administrative privilege capabilities to protect against zero-day attacks, malware, and threats.
8/12/2015
Develops an endpoint security platform that automatically uncovers sophisticated cyber-attacks by combining deep endpoint data collection and centralized analysis
Source: Company press releases and websites, Capital IQ, 451 Research.
Transaction Summary & Rationale ▪ Udi Mokady, Chairman and CEO, CyberArk said “CyberArk’s acquisition of Conjur further strengthens our market leadership position – providing the industry’s only enterprise-class solution for privileged account security and secrets management on premises, in the cloud and across the DevOps pipeline. Now with Conjur, CyberArk customers can truly embrace DevOps without compromising on security.” ▪ “The addition of Conjur will help allow users to accelerate modern software deployment with the addition of Conjur’s DevOps security software platform which automates machine identity provisioning, authorization of privileged access, service account control and machine-to-machine connectivity.” – Infosecurity Magazine
52
EQT Partners Acquires Open Systems EQT Partners Diversifies Its Tech & Cybersecurity Portfolio By Acquiring Majority Stake Of Open Systems. Transaction Overview
Open Systems Overview 05/05/17
Date: HQ:
acquires
Zurich, Switzerland
1990
Founded CEO:
Martin Bosshardt
Employees:
MSSP
Security , Performance And Control For Your Network, Infrastructure And Applications.
~150
$120 Million Customers
Application Delivery
Makes sure that users work with a reliable and efficient infrastructure that meets both global objectives and local needs.
Ensures that businesscritical applications run smoothly and securely, and adhere to the global security policy
Uses select technology Involves the to connect various global authentication, enterprise locations authorization and management of privileges where business-critical of individuals, hardware processes are concerned. or applications
Provides a Service Delivery Platform, Mission Control Portal and 24x7 Operations, to secure the availability & stability of ICT infrastructures
▪ Distributed Firewall ▪ Network Security Monitoring ▪ Enterprise Firewall ▪ WiFi Security
▪ Web Application Firewall ▪ Email Gateway ▪ Application Performance Management
▪ Identity Sever ▪ Federated Identity Management ▪ Web Single Sign-on ▪ Strong Authentication
▪ Service Delivery Platform ▪ 24x7 Operations ▪ Mission Control Portal
Open Systems’ customers come from more than 180 countries, across all industry sectors, including:
Government
Finance
Health Care
Infrastructure
Source: Company press releases and websites, Capital IQ, 451 Research.
Media
Retail
Identity Management
Integrated Service Management
Network Security
Global Connectivity
▪ Cloud Express ▪ WAN Routing ▪ Mobile Entry Point ▪ Tactical Networks ▪ Sourcing Services
Transaction Summary & Rationale ▪
On May 5, 2017, Swedish private equity fund EQT Partners AB acquired a majority stake of Open Systems, a Swiss IT systems security company, for $120M
▪
“The deal will be the EQT's first buyout in 2017 using its €1.1bn mid-market fund” - Unquote
53
Thales Acquires Guavus Combined Businesses To Strengthen Thales' Portfolio Of Analytic Solutions In Aerospace, Security & Defense. Transaction Overview
Guavas Overview 04/28/2017
Date:
Total Raised:
$138.8M Anukool Lakhina
CEO:
▪ Network Planning Analytics ▪ Network Planning & Forecasting ▪ Network Optimization
CEM
Operational analytics that put the customer first while fueling business optimization
IP Mediation Service Assurance Performance Management Network Security & Threat Mitigation ▪ IP Wholesale/Prospecting ▪ ▪ ▪ ▪
IoT
Improve Profitability, Reduce Churn and Increase Sales
▪ Customer Insights & Segmentation ▪ Customer Profiling & Targeting ▪ Data Monetization (Data-asa-Service)
Cloud-based Analytics Applications for the Industrial IoT
▪ ▪ ▪ ▪ ▪ ▪
Fault Management Smart Metering Predictive Maintenance Service Assurance Resource Optimization Security & Breach Detection
Transaction Summary & Rationale
$215 Million ▪
Customers The Guavus Difference enables Fortune 500 enterprises to leverage sensors, network, customer and business data to become more profitable, efficient and competitive
Operations
Keep Pace with Today's Explosive Data Growth
2006
Founded
Specialized Threat Analysis
Planning
San Mateo, California
HQ:
acquires
Guavus provides next-generation big data analytics applications for planning, operations, customer experience management and IoT. These applications uniquely bring together computer science, data science and domain science to provide real-time analytics that enable businesses to become more efficient, profitable and competitive.
The transaction is for a maximum enterprise value of $215 million. The transaction is subject to the achievement of significant sales growth targets and is subject to regulatory approvals and other customary closing conditions. The transaction is expected to be completed during the third quarter of 2017.
▪
"Combined with our established expertise in other key digital technologies, the acquisition of Guavus represents a tremendous accelerator of our digital strategy for the benefit of our customers. The application to Thales's core businesses of Guavus' technologies and expertise in big data analytics will strengthen our ability to support the digital transformation of our customers, whether in aeronautics, space, rail signaling, defense or security.“ -Patrice Caine, Thales' Chairman and CEO
▪
"Guavus' widely deployed machine intelligent, big data operational analytics platform transforms the quality, efficiency, scale and security with which our customers can deliver their services, making our platform a critical enabler of digital transformation.“-Anukool Lakhina, founder and CEO of Guavus
Source: Company press releases and websites, Capital IQ, 451 Research.
54
VII. VC
Activity In Cybersecurity
Financing Activity Since 2010 Cybersecurity Startups Raised $17.6 Billion Across 1,428 Deals Since 2010.
$1,699
268 229
Investments ($B)
Deals
49 50
$844$818
80
73
61
$931
$920
50
$629
Q2'16
Q1'16
Q4'15
$410
Q3'15
Q3'14
Investments ($M)
$1,510
$1,271 72
$500$543
Q2'14
Q1'14
Q4'13
Q2'13
Q1'13
Q4'12
YTD 2017
Q3'12
2016
Q2'12
2015
49
42
24
Q4'11
2014
35
Q3'11
2013
31
Q2'11
2012
Q1'11
2011
Q1'10
2010
$1.2
30
23
Q4'10
$1.7
30
Q3'10
27
$2.1
$0.8
36
33 $515$545 $510 $427 $446 28 $269 $261 $219$259$242$248$264 $197$212$236 $141$130
$2.7
$0.8
47
49
53
Q1'15
40
51
57
Q4'14
136
Q1'12
$3.8
120
Q2'10
156 108
59
$4.3
Q2'15
207
Q3'13
201
$1,164 $1,245 67 64 57 61
Q2'17
($M) (Q1 2010 – Q2 2017)
Q1'17
($B) (2010 – Q2 2017)
Q4'16
Investment Deals And Dollars
Q3'16
Investment Deals And Dollars
Deals
▪
$2.1B has been raised through 2Q17
▪
Over the last eight quarters investors have poured $8.9B into Cybersecurity
▪
2Q17 put 2017 right on pace with 2016 in terms of $ amount raised, with $1.5B raised in the quarter, and number of transactions, with 73 in 2Q17 alone
▪
2Q17 funding skyrocketed totaling $1.5B across 73 transactions, representing the 2nd largest funding quarter for Cybersecurity since 2010 and the largest since 1Q16 which totaled $1.7B
▪
June 2017 had the largest number of transactions in a single month at 32 deals, single handedly raising more money in a month ($765M) than 4Q16 ($410M) & 1Q17 ($629M)
Source: Momentum Partners, CB Insights, Pitchbook Data. Note: Data for 2014 – 2017 includes only deals with amounts raised >$1M.
56
Cybersecurity Startups And Investors List Of Most Well-Funded Startups And Most Active VC Investors. Most Well-Funded Cybersecurity Startups ($M)
Most Active Investors in Cybersecurity* 28
402
301
283 268
26
26
25
24 22
Filed S-1 Confidentially
256
27
18 231 230
17
16
16
16 14
190 189 187 186 182 180 177 175
13
149 148
12
▪
The top 17 most well-funded startups have raised $3.7B over their lifespan
▪
▪
Tanium continues to top the list of most well-funded ahead of Tenable, having raised $100M in 2017 & $212M in 2015, totaling over $400M since 2007
Through 2Q17 Bessemer Venture Partners has become the most active investor in Cybersecurity, having invested in 28 company rounds since 2010
▪
2Q17 was an active quarter with Bessemer Venture Partners, Accel Partners, Sequoia Capital, & Norwest Venture Partners all making 3 Cybersecurity investments each
▪
An additional 19 companies have raised between $100M and $140M for a total of $2.2B, including Digital Guardian ($135M), Bracket Computing ($132M), Pindrop Security ($122M), Ionic Security ($122M), Skybox Security ($119M), Druva ($118M), Bromium ($116M), SentinelOne ($110M) Gigya ($106M), Darktrace ($105M)
Source: Pitchbook Data., Crunchbase. * Investments in rounds with minimum size of $5 million.
57
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
27-Jun-17
Sapphire Ventures, Accel Partners, DFJ Growth, Greylock, Institutional Ventures, Sequoia Capital
Sumo Logic is a log management and analytics company that leverages Big Data for real-time IT insights. The cloud-based service provides customers with real-time interactive analytics.
27-Jun-17
Meritech Capital Partners, Bessemer Venture Parrtners, K9 Ventures, Trinity Ventures
Auth0 is a cloud service that provides a set of unified APIs and tools that instantly enables single sign-on and user management for any application or IoT device.
30.0
27-Jun-17
Capital One Growth Ventures, Groupe Arnault, Pitango Venture Capital
Riskified operates a technology platform for online merchants that is used to prevent fraudulent and other transactions of risk.
33.0
27-Jun-17
Dell Technologies Capital, TenEleven Ventures, Battery Ventures, Vertical Venture Partners
JASK is a cyber security company that delivers artificial intelligence and analytics tools to help enterprises automate their security operations.
26-Jun-17
Verizon Ventures, Boeing HorizonX
SparkCognition is a Cognitive Security Analytics company, applying Machine Learning and AI to Cloud Security and the Internet of Things.
22-Jun-17
Square 1 Bank
Alert Logic provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers.
21-Jun-17
Softbank
Cybereason delivers a technology platform that automatically uncovers malicious operations, reconstructing them as a clear image of a cyberattack in context.
14-Jun-17
Spring Lake Equity Partners, Accomplice Matrix Partners, Rally Ventures
Sqrrl provides a big data analytic tool for detecting, investigating, and visualizing advanced cybersecurity threats.
12.3
14-Jun-17
83North, David Strohm, Microsoft Ventures
WhiteSource fully automates all open source management needs, including open source components detection, security vulnerabilities and new version alerts.
10.0
13-Jun-17
Microsoft Ventures
Trusona has developed a digital identity authentication solution where there are no passwords to be created, remembered, stolen, or compromised.
10.0
8-Jun-17
Bure Equity AB, New Enterprise Associates, The Valley Fund
Yubico delivers strong hardware protection, with a simple touch, across any number of IT systems and online services.
7-Jun-17
J.P. Morgan Asset Management, 8VC, Accel Partners, Andreessen Horowitz, Data Collective
Illumio stops cyber threats by controlling the later movement of unauthorized communications through its breakthrough adaptive segmentation technology.
Source: Capital IQ, PitchBook Data, CrunchBase.
75.0
12.0 32.5 70.0 100.0
30.0 125.0
58
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M) 17.0
6-Jun-17
Gili Raanan, Mickey Boodaei, Rene Bonvanie, Sequoia Capital, Tenaya Capital, Zohar Zisapel
Armis eliminates the IoT security blind spot, letting enterprises instantly see and control unmanaged or rogue devices and networks.
6-Jun-17
Accel Partners, Lightspeed Venture Partners, Geodesic Capital, ICONIQ Capital
Netskope performs deep usage analytics and enforces business and security policies in cloud apps.
1-Jun-17
Dell Technologies Capital, F-Prime Capital Partners, General Catalyst,
RiskRecon uses proprietary data gathering techniques to create a 360-degree risk profile of an enterprise’s public IT footprint.
12.0
30-May-17
Singtel Innov8, SAP National Security Services
CounterTack provides real-time endpoint threat detection and response solutions to enterprises and government organizations.
20.0
25-May-17
TPG Growth
Tanium provides security and systems management solutions to allow real-time data collection.
24-May-17
Undisclosed
ZeroFOX provides real-time social threat analytics, intelligence, and advanced security protection via its cloud-based cyber platform.
18-May-17
Sapphire Ventures, 83 North, Bessemer Venture Partners
Wandera’s pioneering web gateway for mobile provides organizations with Enterprise Mobile Security and Data Management.
18-May-17
Norwest Venture Partners, Data Collective, Wing Venture Capital
Aporeto is a cloud-native security startup that offers comprehensive security solutions for applications, containers, and microservices.
17-May-17
Accel Partners, CapitalG, March Capital Partners, Telstra, Warburg Pincus
CrowdStrike is a global provider of security technology and services focused on identifying advanced threats and targeted attacks.
16-May-17
Fontinalis Partners, Liberty Mutual Strategic Ventures, Paladin Capital Group
Karamba Security hardens Electronic Controller Units (ECUs) against any type of foreign code.
12.0
16-May-17
GE Ventures, Shasta Ventures, Sway Ventures, Trident Capital
Mocana creates and develops mobile application protection (MAP) app-shielding solutions, enabling users to secure mobile apps.
11.0
10-May-17
Omidyar Technology Ventures, Bain Capital, Macnica Ventures, Secure Octane, Trident Cyber
Attivo Networks is the leader in dynamic deception for inside the network threat detection, attack analysis, and forensics.
15.0
Source: Capital IQ, PitchBook Data, CrunchBase.
100.0
100.0 19.3 27.5 11.2 100.0
59
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
9-May-17
CRV, Harrison Metal, Index Ventures, Oreilly AlphaTech Ventures
Signal Sciences works across cloud and physical infrastructure, providing actionable security prioritization based on where applications are targeted and blocking attacks.
15.0
9-May-17
Hasso Plattner Ventures. Battery Ventures, Capital One Ventures, Clear Venture Partners
Vera operates as a data-security company that enables enterprises, IT organizations, and end-users to secure and share digital information across platforms and devices.
15.0
9-May-17
Sierra Ventures, Storm Ventures, Dell Technologies Capital
Redlock provides deep security visibility and anomaly detection for dynamic environments.
12.0
4-May-17
Redfield Asset Management
Signifyd is a SaaS-based, enterprise-grade fraud technology solution for e-commerce stores that simplifies fraud detection through a financial guarantee.
3-May-17
Bain Capital Ventures, American Express Ventures, Menlo Ventures
VST Enterprises' VCode technology allows genuine users to authenticate themselves across a variety of online transactions and interactions.
14.7
25-Apr-17
Polaris Partners, Rally Ventures, TenEleven Ventures, YL Ventures
Twistlock develops a security suite for virtual container security in enterprises that enables developers and security operations teams to keep container-based applications safe.
17.0
19-Apr-17
Softbank
Dome9 is a cloud firewall management service that creates a front-line defense that stops zero-day vulnerabilities, secures remote access, and centralizes policy management.
16.5
18-Apr-17
Aetna Ventures, Allegis, Bessemer Venture Partners, ClearSky, GV, MassMutual Ventures
CyberGRX provides the most comprehensive third-party cyber risk management platform to costeffectively identify, mitigate and monitor an enterprise’s risk exposure across its entire ecosystem.
20.0
18-Apr-17
T. Rowe Price Associates
Alclear, doing business as CLEAR, develops an identity verification platform for individuals and business travelers to get through airport security in the United States.
15.0
17-Apr-17
CRV; Hearst Ventures; Emergence Capital Partners; GE Ventures
Zinc is a communications technology company that provides secure mobile communication solutions to connect workers with their colleagues in and outside the office.
11.0
13-Apr-17
Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management
ClearDATA provides a managed cloud used healthcare professionals to safeguard their patient data and power their critical applications.
12.0
11-Apr-17
Tinicum
PAS provides process safety, cybersecurity, and asset reliability solutions for the energy, process, and power industries worldwide.
Source: Capital IQ, PitchBook Data, CrunchBase.
56.0
40.0
60
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
11-Apr-17
Microsoft Ventures, Allegis Capital, GGV Capital, Greylock Partners, GV, HPE, Icon Ventures
Synack is a Crowd Security Intelligence platform that delivers the most secure, continuous, scalable, security assessment on the market.
5-Apr-17
ST Telemedia
Armor is a secure Cloud company with managed cloud security services that deliver protection, detection and response for data workloads and applications
4-Apr-17
Evolution Equity Partners
LogPoint delivers a flexible and easy to use platform for collecting, analyzing, and monitoring your machine data.
26-Mar-17
Redfield Asset Management
Votiro provides advanced Content Disarm and Reconstruction solutions to safeguard against undisclosed and zero-day exploits.
21-Mar-17
Samsung NEXT Ventures, Trident Capital Cybersecurity, Benhamou Global Ventures
Bayshore Networks protects OT machines, networks, applications, and workers and provides inspection and filtering of network flows, policy building and enforcement.
11.0
14-Mar-17
Goldman Sachs Principal Strategic Investments, Citi Ventures, Innovation Ventures
Dyadic Security removes the points of failure of security by sharing cryptographic keys over two or more servers, carrying out cryptographic operation without ever recombining them.
12.0
9-Mar-17
Jump Capital, Paladin Capital Group, Sun Mountain Capital, EPIC Ventures, CenturyLink
RiskSense enables enterprises to reveal cyber risk, quickly orchestrate remediation, and monitor the results by unifying and contextualizing internal security intelligence & external threat data.
14.0
8-Mar-17
Softbank
Zimperium is a mobile security startup that develops a mobile IPS to combat advanced modern cyber attacks on smartphones.
15.0
8-Mar-17
FTV Capital
ID.me is a digital identity network that empowers relying parties to grant access or benefits based on verified identity and attributes.
19.0
6-Mar-17
Touchstone Innovations, BGF Ventures, NM Capital
Garrison Technology has pioneered an anti-malware product that efficiently sidesteps the highest impact cyber threats to modern organizations (i.e. internet-borne targeted attacks).
14.8
15-Feb-17
DBJ Capital, Global Brain Corporation, Mizuho Capital
Trillium offers IoT cyber solutions for protecting automotive and IoT networks from malicious cyber-attacks including intrusive manipulation & passive monitoring or eavesdropping.
15.0
13-Feb-17
Felicis Ventures, Andy Bechtolsheim, John Chambers, Menlo Ventures
Dedrone, an automated drone security platform, is an extension of physical and cyber security into the airspace that protects a vulnerability gap exploited by the advances in drone technology.
15.0
Source: Capital IQ, PitchBook Data, CrunchBase.
21.3 89.0 10.0 10.0
61
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
13-Feb-17
Blackstone, Blumberg Capital, Glilot Capital, Vintage Investment Partners, Wipro Ventures
Intsights provides an automated system that detects, analyzes, and remediates threats by offering solutions for attack intentions, data leakage, phishing, fake applications, and VIP protection.
9-Feb-17
Accel Partners, Slack, Clearsky
Demisto owns and operates an automation and collaboration platforms for security operations centers that provides automated incident response workflows.
20.0
9-Feb-17
GV, Bain Capital, True Ventures, Venrock
Evident.io provides continuous cloud security for AWS, enabling rapid detection/remediation of risks, vulnerabilities, & compliance issues.
22.0
8-Feb-17
Dragoneer Investment Group, Benchmark, New Enterprise Associates
HackerOne provides a vulnerability management and bug bounty platform.
40.0
7-Feb-17
Cisco Investments, Lightspeed Ventures Partners, Aspect Ventures, Icon Ventures, NVP
Exabeam offers machine-learning technology that focuses on cyber attacker behavior to detect modern cyber attacks.
30.0
6-Feb-17
Bessemer Venture Partners, Columbia Capital
Verato provides the most accurate identity resolution platform, which updates, matches, links, and enriches patient and customer identities.
25-Jan-17
Redpoint, Data Collective, Granite Hill Capital Partners, SineWave Ventures
SentinelOne uses predictive execution inspection to detect and protect all devices against targeted zero day threats in real-time.
18-Jan-17
Arsenal Venture Partners, Tola Capital, Top Tier Capital Partners
ProtectWise provides a pervasive view of the network, layered with refined analytics and a clear interface that enables high performance threat hunting and accelerated incident response.
25.0
17-Jan-17
Columbia Capital, Harmony Partners, Zero Gravity
OPĀQ Networks integrates networking and security to reduce complexity and costs, tighten security control, & establish an infrastructure that allows organizations to keep ahead of threats.
21.0
12-Jan-17
Rakesh Loonkar, Mickey Boodaei
Transmit Security connects applications to authenticators like face recognition, eye recognition, voice recognition, fingerprint, and OTP.
10-Jan-17
KPCB, Blackstone, Foundation Capital, In-Q-Tel, TechOperators
Phantom provides a security automation and orchestration platform that orchestrates key stages of security operations from prevention to triage and resolution.
5-Jan-17
BlueCross BlueShield Venture Partners, American Express, Relay Ventures, Verizon Ventures
Payfone provides businesses the ability to confirm their consumers & employees are who they say they are to create easy, secure & frictionless experience across PCs, mobile phones & tablets.
Source: Capital IQ, PitchBook Data, CrunchBase.
15.0
12.5 70.0
40.0 13.5 23.5
62
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
Future Fund, New Enterprise Associates, Norwest Venture Partners, Singtel Innov8
Bitglass provides security solutions that automatically segment, track, and secure businesses’ sensitive data across cloud and mobile without invading the employees’ privacy.
16-Dec-16
Shea Ventures, Costanoa Ventures, Foundry Group
VictorOps is a real-time incident management platform that combines people and data to embolden DevOps teams to handle incidents as they occur and prepare for the next one.
15.0
13-Dec-16
Flint Capital, ff Venture Capital, Santander InnoVentures, Two Sigma Ventures
Socure consumers and businesses with a next-generation security SaaS solution to fight against the risk of identity theft and related fraudulent activities.
13.0
7-Dec-16
Peakspan Capital, Costanoa Ventures, Hyde Park Angels, OurCrowd, The R-Group LLC, USVP
Kenna is a Risk Intelligence & Vulnerability platform that enables InfoSec teams to prioritize and remediate vulnerabilities faster, measure and report risk, and automate their analysis.
15.0
6-Dec-16
Marius Nacht, Rafael Development Corp
SECDO develops innovative solutions that enable Security Operations teams to slash incident response from hours to minutes.
10.0
17-Nov-16
Insight Venture Partners
Prevalent is a third-party risk management and cyber threat intelligence, helping organizations manage and monitor security threats associated with 3rd/4th party vendors
16-Nov-16
ORIX Growth Capital, Comerica Bank, Dell, New Atlantic Ventures, Harbert Ventures
Invincea is a creator of secure virtual containers for malware threat detection, breach prevention and forensic threat intelligence.
10.0
15-Nov-16
83 North, G20 Ventures, Alex Daly, Dave Strohm
Siemplify is the first end-to-end security operations platform powering today's advanced SOCs using graph intelligence to analyze data from any source.
10.0
10-Nov-16
Georgian Partners, MassMutual Ventures, Summit Partners
RiskIQ provides organizations the visibility and intelligence they need to secure their Enterprise Digital Footprint and map their Adversaries’ infrastructure.
8-Nov-16
CIRTech Fund, iAngels, Sequoia Capital
Indeni offers a proactive monitoring system that facilitates auto-detection and configuration, security monitoring, and remediation for security device networks.
10.0
2-Nov-16
Shasta Ventures, Bloomberg Beta, Flybridge Capital Partners
ValiMail authenticates legitimate email and blocks phishing attacks.
12.0
1-Nov-16
TenEleven, Fairhaven Capital, Goldman Sachs, Razor's Edge, ManTech, Siemens Venture
CounterTack provides real-time endpoint threat detection and response solutions to enterprises and government organizations.
10.0
5-Jan-17
Source: Capital IQ, PitchBook Data, CrunchBase.
45.0
60.0
30.5
63
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
12.0
26-Oct-16
Kayne Partners
Proficio provides the most advanced cloud-based solutions to monitor and scan critical assets without the need for added headcount or costly software and hardware systems.
18-Oct-16
SVB
ThreatMetrix is a cloud solution for authenticating digital personas and transactions on the Internet by securing businesses and end users resulting from malware and data breaches.
18-Oct-16
Bank of Nova Scotia, BMO Capital Markets, CIBC Capital Partners, Desjardins, TD Bank
SecureKey Technologies develops platform-as-a-service hardware and software solutions for chipbased identity and payment technologies in online and mobile transactions.
11-Oct-16
Balance Point Capital Partners
GigaTrust is a provider of pervasive content security management solutions that allows organizations to reduce risks associated with data / intellectual property loss.
20.0
11-Oct-16
Strategic Cyber Ventures, Allegis Capital, March Capital Partners, The Hive
E8 Security helps enterprises analyze and detect advanced attacks and malicious insider activities.
12.0
29-Sept-16
Baseline Ventures, EDB Investments, EPIC Ventures, GV, KPCB, Northern Light, Venrock
Shape Security stops automated web and mobile application attacks, like credential stuffing, content scraping, and application-layer DDoS, that bypass existing defenses.
28-Sept-16
Sequoia Capital, Blue Cloud Ventures, EDB Investments, Hercules Capital, Tenaya Capital
Druva Software provides data protection and governance solution for public and private clouds in an enterprise.
28-Sept-16
General Catalyst, Acero Capital, John Thompson, Paul Sagan, Ron Gula
Contrast Security develops application security software that stops hackers from stealing data through Web applications.
25-Sept-16
Thomvest Ventures, Greylock Partners, Sequoia Capital
Skyhigh Networks is a cloud access security company, enables companies to embrace cloud services with appropriate levels of security, compliance, and governance.
19-Sept-16
Grotech Ventures, Paladin Capital Group
White Ops provides online fraud detection solutions. It offers Real Time Dashboard, a solution that enables users to identify, track, and classify automated fraud in real time.
15-Sept-16
GGV Capital, Flybridge Capital Partners, Globespan Capital Partners, Menlo Ventures
BitSight provides a security rating platform, which analyzes external data on security behaviors that allows to manage third party risk, and benchmark performance.
13-Sept-16
Bessemer, ICV Capital, Innovation Endeavors, Marker, Mitsui, Red Dot Capital Partners
Claroty discovers the most granular elements. By extracting critical data, and formulating actionable insights, it provides visibility and brings unparalleled clarity to OT networks.
Source: Capital IQ, PitchBook Data, CrunchBase.
30.0 20.6
40.0 51.0 16.0 40.0 20.0
40.0 32.0
64
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
13-Sept-16
Greylock Partners, Aspect Ventures, Singtel Innov8, USVP, Gur Shatz, Shlomo Kramer
Cato Networks provides cloud-based platform to manage multiple hardware and software products and provide security against hacking, data theft and other security problems.
8-Sept-16
American Express Ventures, Menlo Ventures, TriplePoint Capital
Signifyd is a SaaS-based, enterprise-grade fraud technology solution for e-commerce stores.
8-Sept-16
NEA, Dowling Capital Management, IVP
Cyence has developed an economic cyber risk modeling platform quantifying cyber risk in probabilities and dollars.
30-Aug-16
Riverwood, Adams Street, Delta-v, EDB Investments, Exclusive Ventures, Siemens
LogRhythm provides log management and security information and event management solutions.
30-Aug-16
Millennium Technology Value Partners, Centana Growth Partners
Jumio is an identity management and credentials company that helps businesses reduce fraud and increase revenue by utilizing proprietary computer vision technology.
15.0
25-Aug-16
Maverick Ventures, Arsenal, Bloomberg Beta, Data Collective, Divergent, Signia Venture
BlueTalon provides data-centric security for big data initiatives. It delivers precise, consistent and dynamic user access controls to data across Hadoop, Cassandra & SQL data platforms
16.0
24-Aug-16
Trinity Ventures, Bessemer Venture Partners, K9 Ventures, SVB
Auth0 is an identity-as-a-service that authenticates and authorizes apps/APIs with any popular identity provider running on any popular software stack on any device/cloud.
15.0
23-Aug-16
NEA, Blu Venture Investors, Center for Innovative Technology
ThreatQuotient offers a software platform that helps security teams mitigate cyber attacks by aggregating and managing intelligence on threats.
12.0
22-Aug-16
Bessemer, Blue Delta Capital, Haystack Partners, NEA, Quadrant Capital, Soros Fund
Virtru provides data encryption and digital privacy protection, keeping data sent online private for individuals and organizations.
18-Aug-16
Undisclosed
Bat Blue is a cloud security service that leverages a unique Globally Distributed Security Abstraction Layer (Global Seal) technology to deliver uniform and consistent security.
18-Aug-16
Trident Cyber, Peloton Equity, BlueCross BlueShield Venture, Sandbox Advantage
ID Experts provides software and services to organizations for managing cyber risks and data breaches, and to consumers to protect and restore their identities from identity theft.
11-Aug-16
Pelion Venture Partners, Square Peg Capital, Fenwick & West, IAG
UpGuard analyzes data about the state of corporate networks to devise a numerical score that gives a security risk score, used by insurance companies for cyber insurance.
Source: Capital IQ, PitchBook Data, CrunchBase.
30.0 19.0 40.0 50.0
29.0 13.5 27.5 17.0
65
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
8-Aug-16
Rally Capital, IDG Ventures, Ignition Partners
Tempered Networks is a security platform that enables organizations to rapidly deploy identitybased overlay networks to ‘cloak’ trusted endpoints, networks and assets.
10.0
3-Aug-16
Undisclosed
ThinAir keeps users safe by providing insight and protection against four key vectors of data breaches: Insider Threats, Criminal Adversaries, Data Exfiltration, and Human Error.
15.0
2-Aug-16
Bessemer Venture Partners, Foundry Group, SVB, Techstars
Distil Networks’s SaaS bot detection and mitigation solutions acts as a protective shield against bots, malware and competitors that try to scrape websites without permission.
21.3
27-Jul-16
Paladin Capital Group, Bessemer Venture Partners
PhishMe provides training to employees against phishing threats enabling them to identify, report, and mitigate spear phishing, malware and drive-by threats.
26-Jul-16
Accel (Series A), Ignition Partners (Series B), Elieses (Series B)
Acalvio provides Advanced Threat Defense (ATD) solutions to detect, engage and respond to malicious activity inside the perimeter.
17.0
26-Jul-16
Deutsche Telekom Partners, HP Pathfinder, Maverick Ventures, Sequoia, Shlomo Kramer
SafeBreach provides a “hacker's view” of an enterprise’s security posture to proactively predict attacks, validate security controls and improve SOC analyst response.
15.0
25-Jul-16
ABRY Partners, Insiders
StackPath is a web services platform that unifies enterprise security, leveraging collaborative intelligence to make each service smarter/more secure with every threat detected.
19-Jul-16
Insight Venture Partners, Spark Capital, Union Square Ventures
Sift Science offers large-scale machine-learning technology services that help e-commerce businesses detect and fight fraud.
19-Jul-16
83North, Battery Ventures, Cisco Investments
GuardiCore provides network security solutions for software-defined data centers.
20.0
19-Jul-16
Foundation Capital, Shasta Ventures, New York Life Insurance, Pitango, Lane Bess
Skycure is a predictive mobile threat defense company that actively detects and prevents mobile cyberattacks while preserving user privacy and experience.
16.5
19-Jul-16
Accelerate IT Ventures, Grayhawk Capital, Benhamou Global, Generation Ventures
Blue Cedar Networks develops / operates Atlas platform, an end-to-end application security and connectivity solution to protect assets across the extended enterprise.
11.0
15-Jul-16
Santander Bank
Silent Circle is a global encrypted communications service that provides cutting-edge encrypted text, e-mail, mobile phone and video teleconferencing services.
Source: Capital IQ, PitchBook Data, CrunchBase.
42.5
180.0 30.0
50.0
66
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
13-Jul-16
Carrick Capital Partners, Comcast Ventures
Bay Dynamics develops automated cyber security and risk solutions for enterprises, by turning enterprise data into actionable information risk intelligence.
13-Jul-16
Vertex Ventures, Aspect Ventures, Magma Venture Partners, Shlomo Kramer
Indegy provides visibility and security for industrial control networks to ensure operational continuity and reliability.
12-Jul-16
Greycroft Partners, Bloomberg Beta, Cisco, Jump Capital, K2 Intelligence, Tech Operators
Flashpoint’s Deep & Dark Web data, expertise and technology enable organizations to glean intelligence that informs risk and protects their ability to operate.
12.0
7-Jul-16
AM Partners, VMS Investment Group
Post-Quantum, provides data confidentiality, authenticity, and access control solutions.
10.0
6-Jul-16
TenEleven Ventures, Rally Ventures, YL Ventures
Twistlock develops a security suite for virtual container security in enterprises that enables developers and security operations teams to keep container-based applications safe.
10.3
5-Jul-16
KKR, Hoxton Ventures, Softbank, Summit Partners, TenEleven Ventures
Darktrace’s Enterprise Immune System technology automatically detects and responds to emerging threats, powered by machine learning and mathematics from Univ. of Cambridge.
10.0
30-Jun-16
Undisclosed
StackRox offers a software that provides cyber security and cloud computing services for the enterprises.
28-Jun-16
Blackstone Ventures, Cisco Investments, Crosslink Capital, Rally Ventures
Verodin is defining the emerging concept of instrumented security, enabling customers to measure and continuously validate the cumulative effectiveness of layered security.
10.0
23-Jun-16
GV, Boldstart Ventures, Evolution Equity Partners, Sequoia Capital, Two Sigma
Security Scorecard provides a cybersecurity rating and continuous risk monitoring platform allowing enterprises to gain operational command of their security posture.
10.0
22-Jun-16
Access Industries, Amplify Partners, Battery Ventures, Glilot Capital, Shlomo Kramer
LightCyber provides behavioral attack detection solutions and the first to integrate user, network and endpoint context to provide security visibility into attack activity.
20.0
21-Jun-16
CRV
Zerto provides enterprise-class business continuity and disaster recovery solutions for virtualized infrastructure and cloud.
20.0
20-Jun-16
Delta-v Capital, LiveOak Venture Partners
NSS Labs is an independent, information security research and testing organization.
16.0
Source: Capital IQ, PitchBook Data, CrunchBase.
50.0 23.0
64.0
67
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M) 13.0
16-Jun-16
NEA, Wing
Tigera is solving networking and security problems inherent in deploying and enforcing policy in large private, public, and hybrid enterprise clouds.
8-Jun-16
Insight, Blackstone, Capital One, Ten Eleven, DFJ, KKR, Fairhaven, Khosla
Cylance utilizes artificial intelligence, algorithmic science and machine learning to proactively protect organizations against advanced threats.
7-Jun-16
FTV Capital
ReliaQuest is a pioneer in IT security solutions, ensuring that organizations remain secure and compliant as the IT world changes.
30.0
7-Jun-16
Warburg Pincus, Lazarus Israel Opportunities Fund, Sierra Ventures, Telstra Ventures
Zimperium is a mobile security startup that develops a mobile IPS to combat advanced modern cyber attacks on smartphones.
25.0
1-Jun-16
Amazon, Goldman Sachs, GV, Hayman Capital, Icon Ventures, KPCB, Meritech
Ionic Security, a data security platform, provides access control, intellectual property monitoring, data encryption, and policy management.
25-May-16
Transunion, Bessemer Venture, Firstmark Capital, Rho Ventures
Dashlane makes identity and payments simple and secure everywhere with its password manager and secure digital wallet.
22.5
24-May-16
Norwest, Greylock Partners, Alloy Ventures, Battery Ventures, First Round, Scale Venture
Agari leverages the company’s proprietary, global telemetry network and patent-pending predictive Agari Trust Analytics to identify and stop phishing attacks.
22.0
24-May-16
Redline Capital, Telstra Ventures, Work-Bench, Allegis, Citi Ventures, Highland Capital
vArmour provides software-defined security solutions for virtualized data centers and government cloud operators.
17-May-16
StageOne Ventures, Magma, Greenfield Cities Holdings
AVANAN is a stealth mode startup that offers enterprise-grade security for data in the cloud.
12-May-16
Sand Hill Ventures
Wickr is a secret messaging app allowing its users to send and receive top-secret messages, pictures, videos, audios, and files.
11-May-16
Fairhaven Capital, .406 Ventures, MassMutual Ventures, Ascent Venture Partners
Pwnie Express provides full threat detection of every wireless and wired device in and around your workplace.
12.9
10-May-16
Undisclosed
Security First offers data protection and data integrity, secure information sharing, secure digital communications, data in motion security, and data at rest security solutions.
14.8
Source: Capital IQ, PitchBook Data, CrunchBase.
100.0
45.0
41.0 14.9 34.0
68
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
28-Apr-16
Bain Capital, True Ventures, Venrock
Evident.io provides continuous cloud security for AWS, enabling rapid detection/remediation of risks, vulnerabilities, & compliance issues.
14.8
27-Apr-16
Helion Venture Partners, India Alternatives, Sistema Asia Fund, VenturEast
Seclore’s Enterprise Digital Rights Management solution enables organizations to control the usage of files wherever they go, both within and outside of organizations’ boundaries.
15.7
26-Apr-16
NewSpring Capital, Atlanta Equity, Flybridge Capital Partners, Jvax Investment Group
VidSys provides a physical security information management (PSIM) and converged security and information management (CSIM) software platform.
12.0
21-Apr-16
Institutional Venture Partners, General Catalyst, GV, Paladin Capital Group
Anomali’s platform is a security intelligence solution that aggregates millions of threat indicators into existing security systems.
11.0
21-Apr-16
Scale Venture Partners, NEA, Sequoia, Commerce Ventures, Eleven Two Capital
Forter's platform uses cyber intelligence combined with behavioral and identity analysis to help merchants spot fraudulent transactions.
30.0
20-Apr-16
Blackbird Ventures, Costanoa, Paladin, Rally Ventures, Salesforce, Industry Ventures
Bugcrowd's Crowdcontrol platform safely orchestrates a flexible array of managed bug bounty, penetration test, and responsible disclosure offerings.
32.0
15-Apr-16
Scale Venture Partners, .406 Ventures
Threat Stack provides a fully integrated, cloud-native continuous monitoring solution that gives customers instant visibility and automatically responds to changes in their environment.
15.0
14-Apr-16
Idinvest Partners, Crunchfund, Wellington Foods
Onfido's identity verification software, powered by machine learning technology, verifies peoples identities before running further searches(i.e. Criminal/Anti-Money-Laundering).
15.4
13-Apr-16
Highland Capital Partners Europe, Auriga Partners, Galeo-Ventures, Waypoint Capital
Nexthink provides smarter IT through analytics. Captures all local and network activities in realtime across all endpoints and transforms end-user data into actionable analytics.
13-Apr-16
Advantech Capital, Qiming Venture, China Broadband, IDG Capital, Linear Venture
FraudMetrix develops online software solutions for anti-theft and fraud management applications in financial, insurance, payment, and online shopping.
11-Apr-16
Vertex Ventures, Data Collective, Andy Bechtolsheim
PerimeterX is a provider of behavior-based threat protection technology. Its PerimeterX Bot Defender, accurately protects commerce, media and enterprise websites from any attack.
32.0
7-Apr-16
ARBY Partners
Edgile provides strategic security and risk consulting services to Fortune 500 companies.
35.0
Source: Capital IQ, PitchBook Data, CrunchBase.
25.0 40.0
69
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
Drive Capital, Healthy Ventures, SVB, Khosla Ventures, Moonshots Capital, NCT Ventures
CrossChx is identity resolution for smarter healthcare, it creates a universal patient ID to organize healthcare data and enable a new breed of innovative applications.
15.5
24-Mar-16
A16z, Highland Capital, Intel Capital, Silver Lake Waterman, Lightspeed, Meritech Capital
Bromium’s endpoint protection solutions automatically create hardware-isolated micro-VMs that secure every user task.
40.0
15-Mar-16
GV, Cisco, Index Ventures, Intel Capital, Northgate, Sutter Hill Ventures, Thomvest
Skyport Systems develops Hyper-Secured Infrastructure that ensures the security of mission-critical IT assets, with tight integration of compute, security, virtualization and policy.
30.0
14-Mar-16
Pelion Venture Partners, Madrona Venture Group
ICEBRG is a stealth network security company.
10.0
25-Feb-16
Menlo Ventures, QED Investors, IA Ventures, Allegis Capital, Tim Eades, Bill McKiernan
Signifyd is a SaaS-based, enterprise-grade fraud technology solution for e-commerce stores.
20.0
17-Feb-16
Qihoo 360 Technology, Shanghai Ziyou Investment Management
360 Security provides mobile security applications.
10-Feb-16
Qumra Capital, Entree Capital, Genesis Partners, Phoenix Insurance, NTT DOCOMO
Riskified operates a technology platform for online merchants that is used to prevent fraudulent and other transactions of risk.
25.0
10-Feb-16
Sutter Hill Ventures, Clear Venture Partners, Battery Ventures, Amplify Partners
Vera operates as a data-security company that enables enterprises, IT organizations, and end-users to secure and share digital information across platforms and devices.
21.0
10-Feb-16
Bain Capital Partners, Commerce Ventures, Lightspeed Venture Partners
InAuth is the most complete mobile authentication and anti-fraud solution offering multiple security options to financial institutions and the mobile transaction market.
29.9
9-Feb-16
Trinity Ventures, Ten Eleven Ventures, Storm Ventures, Passion Capital
Digital Shadows provides cyber situational awareness that helps organizations protect against cyber attacks, loss of intellectual property, and loss of brand integrity.
14.0
4-Feb-16
Silver Lake Partners
Symantec is a global provider of security and systems management solutions that help businesses and consumers secure and manage their information and identities.
4-Feb-16
Goldman Sachs, Accel, NEA, Bay Partners, Hummer Winblad, Morgenthaler Ventures
Sonatype helps development organizations intelligently source, manage, assemble, secure and maintain open source and third-party components.
6-Apr-16
Source: Capital IQ, PitchBook Data, CrunchBase.
100.0
500.0 30.0
70
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
3-Feb-16
Providence Equity Partners
Skybox Security provides integrated security solutions that provide visibility of exploitable attack vectors, hot spots of vulnerabilities, network misconfigurations and risky firewall rules.
3-Feb-16
Cisco, Edison Partners, Georgian Partners, VentureLink, Northleaf Capital Partners
eSentire protects mid-sized organizations from sophisticated cyber threats in real-time 24/7 by leveraging behavioral, reputational and signature-based capabilities.
19.5
3-Feb-16
Undisclosed
Carbon Black provides endpoint threat detection, response, and prevention solutions to detect and stop cyber threats.
14.0
1-Feb-16
Foundation Capital, Eddy Shalev, Gilat Opponent
Kaymera provides military-grade cyber defense solutions for mobile devices.
10.0
28-Jan-16
Google Capital, IVP, Felicis Ventures, A16z, Citi Ventures, GV
Pindrop Security provides caller-ID products to detect, report, and mitigate phone fraud.
26-Jan-16
Lightspeed Venture Partners, Norwest Venture Partners, SingTel Innov8
Fireglass’ Threat Isolation Platform eliminates common attack vectors against browsers, emails, documents and web applications.
21-Jan-16
Wellington Management
ForeScout enables organizations to continuously monitor and mitigate security exposures and cyber attacks
21-Jan-16
Fidelity Investments
Malwarebytes develops anti-malware technologies to detect and remove malicious programs from PCs.
20-Jan-16
Global Emerging Markets Limited
WISeKey develops online security and identity management solutions worldwide.
13-Jan-16
TA Associates
StorageCraft provides best-in-class backup, disaster recovery and business continuity solutions for servers, desktops and laptops.
13-Jan-16
IVP, 83North, Battery Ventures, Harmony Partners, USVP, ClalTech, RTP Ventures
Zerto provides enterprise-class disaster recovery and business continuity software for virtualized data centers and cloud environments.
31-Dec-15
Blue Coat, Knollwood Investments, Venrock, USVP
Appthority develops application security solutions that help businesses identify the risks hidden inside mobile applications.
Source: Capital IQ, PitchBook Data, CrunchBase.
96.0
80.8 20.0 76.0 50.0 61.0 187.0 50.0 10.0
71
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M) 17.0
16-Dec-15
Trustbridge Partners, Danhua Capital, Linear Capital Partners, Sparkland Ventures
Trustlook develops a static analysis platform for detecting suspicious behavior and malicious characteristics for Android operating systems.
16-Dec-15
Brookline Venture Partners, Fairhaven Capital Partners, GE Pension Trust, LLR Partners
Digital Guardian provides data security solutions to protect data from insider and outsider threats.
15-Dec-15
American Express Ventures, BDC Venture Capital, Blumberg Capital, Tenfore Holdings
Trulioo provides an online portal for identity verification services.
11-Dec-15
NewSpring Capital, Alsop Louie Partners, Neuberger Berman
Lookingglass Cyber Solutions develops cyber threat intelligence monitoring and management platforms.
9-Dec-15
Amadeus Capital Partners, Aspect Venture Partners, Bain Capital Ventures
ForeScout enables organizations to continuously monitor and mitigate security exposures and cyber attacks.
3-Dec-15
Core Capital Partners, Genacast Ventures, Highland Capital Partners, NEA, SVB
ZeroFOX provides real-time social threat analytics, intelligence, and advanced security protection via its cloud-based cyber platform.
2-Dec-15
JMI Equity
Avecto's Defendpoint software protects endpoints from malware and cyberattacks through privilege management, application control and sandboxing technology.
2-Dec-15
Blu Venture Investors, NEA, Center for Innovative Technology
ThreatQuotient offers a software platform that helps security teams mitigate cyber attacks by aggregating and managing intelligence on threats.
10.2
1-Dec-15
Grotech Ventures, SAP National Security Services
ThreatConnect provides a cyber threat intelligence platform that allows global organizations to manage massive amounts of threat information.
16.0
1-Dec-15
Alibaba, GE Ventures, Jérusalem Venture Partners, Poalim Ventures
Theta Ray offers malware detection and prevention solutions for critical infrastructure, communication systems, and financial systems.
20.0
17-Nov-15
Tola Capital, Arsenal Venture, Crosslink Capital, Paladin Capital, Trinity Ventures
ProtectWise provides a pervasive view of the network, layered with refined analytics and a clear interface that enables high performance threat hunting and accelerated incident response.
15.0
11-Nov-15
Menlo Ventures, Jerusalem Venture Partners, OurCrowd, Draper Nexus
AppDome’s dynamic wrapping SaaS technology provides shield to enterprise and consumer-facing apps from advanced cyber threats, mobile fraud, and data theft.
13.0
Source: Capital IQ, PitchBook Data, CrunchBase.
66.0
15.0 50.0 75.4 27.0 49.0
72
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
11-Nov-15
Norwest Venture Partners, Invus Group, Accolade Partners, Shasta Ventures, REV
TigerText provides security software for text messaging for physicians to use on their mobile devices.
10-Nov-15
Insight Venture Partners, Accel Partners
Tenable Network Security specializes in developing software that enables real-time network monitoring to detect hackers and other malicious actors.
9-Nov-15
Costanoa Ventures, Foundation Capital, Split Rock Partners, Triangle Peak Partners
Guardian Analytics is provider of fraud prevention software for protecting online channels and accounts.
3-Nov-15
Goldman Sachs
iboss Cybersecurity provides innovative APT Defense, Web Security and Mobile Security Solutions.
2-Nov-15
Foundation Capital, Matrix Partners, Northbridge Venture Partners
Confer provides endpoint detection and response solution (EDR) that proactively identifies attacks and provides real-time visibility across all endpoints.
17.0
30-Oct-15
Merck Global Health Innovation Fund
Exostar develops B2B information sharing software.
15.0
29-Oct-15
Undisclosed
Lumeta provides network situational awareness platform which is source for enterprise network infrastructure and cybersecurity analytics.
13.0
27-Oct-15
Aspect Venture Partners, US Venture Partners
Cato Networks provides cloud-based platform to manage multiple hardware and software products and provide security against hacking, data theft and other security problems.
20.0
27-Oct-15
Index Ventures, Storm Ventures
SourceClear develops software security platform for developers that help organizations identify components across software portfolio.
10.0
25-Oct-15
Trident Cybersecurity, KPCB
IronNet Cybersecurity provides suite of technologies that provide real-time threat assessment and updates and consulting services.
14-Oct-15
Icon Ventures, Allegis Capital, Cowboy Ventures, KPCB, First Round Capital
Area 1 Security provides campaign delivery systems and allows enterprises to identify cyber attacks and other attacking campaigns before they unfold using their anti phishing platform.
14-Oct-15
.406 Ventures, Accomplice, KPCB, Highland Capital, Evolution Equity Partners
Carbon Black provides endpoint threat detection, response, and prevention solutions to detect and stop cyber threats.
Source: Capital IQ, PitchBook Data, CrunchBase.
50.0 250.0
10.9 35.0
32.5 15.0 54.5
73
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M)
14-Oct-15
Fidelity Management, Goldman Sachs, Allegis Capital, A16z, NVP, Sutter Hill, GE, ARTIS
Bracket Computing’s Virtual Infrastructure Software spans multiple heterogeneous clouds with one set of advanced security, data management, and networking infrastructure.
13-Oct-15
GSR Ventures, NEA
DataVisor provides big data security analytics to help protect consumer-facing websites and mobile apps from cyber criminals.
13-Oct-15
Charles River Ventures, Softbank, Spark Capital
Cybereason delivers a technology platform that automatically uncovers malicious operations, reconstructing them as a clear image of a cyberattack in context.
7-Oct-15
Third Point, Granite Hill, SineWave Ventures, Data Collective, Tiger Global, UpWest
Sentinel One uses predictive execution inspection to detect and protect all devices against targeted zero day threats in real-time.
6-Oct-15
JMI Equity, NEA, Split Rock Partners, Accel Partners,
Code42 Software provides secure cloud services for endpoint data protection and security that allow their users to limit risk, meet data privacy regulations, and recover from data loss.
30-Sep-15
KPMG
Norse delivers continuously-updated and unique Internet and darknet intel that helps organizations detect and block attacks.
29-Sep-15
DAG Ventures, AME Cloud Ventures, Juniper Networks, Intel Capital, IA Ventures, Accel
Vectra Networks’ X-series platform uses next-gen compute architecture and combines data analytics and machine learning to detect attacks.
29-Sep-15
Icon Ventures, Aspect Ventures, Shlomo Kramer, Norwest Venture Partners
Exabeam offers machine-learning technology that focuses on cyber attacker behavior to detect modern cyber attacks.
25.0
25-Sep-15
Arsenal Venture, EDB Investments, Fairhaven Capital Partners, Ten Eleven Ventures
CounterTack provides real-time endpoint threat detection and response solutions to enterprises and government organizations.
17.9
22-Sep-15
Fidelity Management, Baidu, Qualcomm Ventures, Microsoft, NEA, Google, Venrock
CloudFlare is a web performance and security company that provides online services to protect and accelerate websites online.
21-Sep-15
Orchard Holdings Group
Morphick team has developed the only proven platform-enabled managed service to enable their customers to prevent, detect, and respond to even the most advanced attacks.
17-Sep-15
Tano Capital
Tascent develops and deploys biometric identity products and solutions based upon a strong heritage in iris recognition and multimodal high throughput and mobile biometrics.
Source: Capital IQ, PitchBook Data, CrunchBase.
46.4 14.5 59.0 25.0 85.6 11.4 35.1
108.7 10.0 18.5
74
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
Raised ($M) 26.0
10-Sep-15
Allianz Digital Corp Ventures, Vertex, Magma Venture, SBI Holdings, Allianz, Magna Int’l
Argus is an automotive cybersecurity pioneer, helping car manufacturers, their Tier I suppliers and aftermarket connectivity providers protect connected cars.
10-Sep-15
IVP, TPG, Andreessen Horowitz, T. Rowe Price
Tanium provides security and systems management solutions to allow real-time data collection.
8-Sep-15
Andreessen Horowitz, Greylock, Sequoia, Altimeter Capital, Glynn Capital, Khosla
Okta is an integrated identity and mobility management service.
75.0
3-Sep-15
ICONIQ, Accel Partners, Lightspeed, Social+Capital Partnership
Netskope performs deep usage analytics and enforces business and security policies in cloud apps.
75.0
2-Sep-15
Bessemer Venture Partners, Citi Ventures, Innovation Endeavors, Marker, NEA
Illusive networks offers deception technology enabling protection against targeted attacks and APTs.
22.0
25-Aug-15
Evolution Equity Partners, .406 Ventures, Arsenal Venture Partners
Onapsis provides solutions for securing business-critical applications and infrastructure.
17.0
24-Aug-15
Bessemer Venture Partners, Thomas Noonan
Bastille is pioneering IoT security with next-generation security sensors and airborne emission detection, allowing corporations to accurately quantify risk and mitigate threats.
13.8
19-Aug-15
Lightspeed, Benchmark, Meritech Capital, Shasta Ventures, Tenaya Capital, Musea
CloudPassage provides server security products for public and hybrid cloud hosting environments.
18-Aug-15
IVP, GGV Capital, KPCB, Trident Capital
AlienVault’s Unified Security Management Platform delivers a unified, simple and affordable solution for threat detection, incident response and compliance management.
3-Aug-15
Google Capital, TPG Capital, EMC, Lightspeed Venture Partners
Zscaler offers integrated, cloud-delivered Internet security including web security, firewalls, mobile security, IoT security and DLP.
28-Jul-15
DFJ Growth, Dell Ventures, KKR, Blackstone, Thomvest, Khosla, Draper Nexus, TenEleven
Cylance utilizes artificial intelligence, algorithmic science and machine learning to proactively protect organizations against advanced threats.
24-Jul-15
Accelerate IT Ventures, Trident Capital, Panasonic Venture Group
Mocana creates and develops mobile application protection (MAP) app-shielding solutions, enabling users to secure mobile apps.
Source: Capital IQ, PitchBook Data, CrunchBase.
147.5
35.9 52.0 110.0 42.0 14.8
75
Venture Capital Activity Venture Capital Raises >$10 Million Since Q2 2015. Date
Selected Investor(s)
Company
Business Description
14-Jul-15
Summit Partners
Darktrace’s Enterprise Immune System technology automatically detects and responds to emerging threats, powered by machine learning and mathematics from Univ. of Cambridge.
13-Jul-15
Accel Partners, Google Capital, Rackspace, Warburg Pincus
CrowdStrike is a global provider of security technology and services focused on identifying advanced threats and targeted attacks.
13-Jul-15
Blackstone, Allegis Capital, Marc Benioff, Igor Sill, Kevin Plank, Christian Lawless
RedOwl Analytics provides proactive risk oversight software solutions for compliance, insider threat & investigations.
1-Jul-15
Pinnacle Ventures, Redpoint eVentures, Quihoo 360 Technology
PSafe is a Brazilian company developing Secure Cloud Computing software suites such as the PSafe Antivirus for safe internet browsing.
Total Amount Raised ($M) Median Amount Raised ($M)
Source: Capital IQ, PitchBook Data, CrunchBase.
Raised ($M) 25.0 100.0 17.5 30.0
7,640.9 20.0
76
Highlighted Fundraising Activity
$75.0M
$30.0M
$12.0M
$32.5M
$70.0M
$100.0M
$12.3M
Series F
Series C
Series A
Series B
Debt
Series D
Series C
June 27, 2017
June 27, 2017
June 27, 2017
June 26, 2017
June 22, 2017
June 21, 2017
June 14, 2017
$125.0M
$100.0M
$100.0M
$100.0M
$15.0M
$15.0M
$12.0M
Series D
Series E
Private Equity
Series D
Series B
Venture
Series A
June 7, 2017
June 6, 2017
May 25, 2017
May 17, 2017
May 10, 2017
May 9, 2017
May 9, 2017
$16.5M
$20.0M
$40.0M
$21.3M
$89.0M
Series C
Series B
Private Equity
Series C
Series F
April 19, 2017
April 18, 2017
April 11, 2017
April 11, 2017
April 5, 2017
Raises $75M in Series F Financing. Company Overview
Product Overview
Sumo Logic provides a cloud-native machine data analytics service to build, run, and secure applications. The company offers solutions in the areas of continuous delivery, monitor and troubleshoot, and compliance and security aspects that analyzes more than 100 petabytes of data, more than 16 million searches, and delivers 10s of millions of insights daily. It serves technology, retail/e-commerce, media and entertainment, telecommunication, financial service, education, healthcare, pharmaceutical, staffing, real estate, manufacturing, travel, and government industries.
Description
Research & Analyze
Collect & Centralize
▪ Easily run searches and correlate events in real-time across the full application stack ▪ Reduce hundreds of thousands of log events into groups of patterns
▪ Collect terabytes of data from any application, cloud, server, network device or sensor ▪ Centralized logging eliminates need for additional archiving, backups and restores ▪ APIs easily develop and integrate data sources
Monitor & Visualize ▪ Real-time dashboards unify all data streams ▪ Compare status against operational and security KPIs to gain visibility into abnormal behaviors
Founders / Management Ramin Sayar President & CEO
Founded
2010
HQ
Redwood City, CA
Amount Raised
$230M in 5 Rounds
Unified Logs and Metrics Analyze all data in real time and monitor apps and infrastructure in realtime
Elastic Scalability Multi-tenant architecture scales on demand to support rapid growth and cloud migration
Christian Beedgen Co-Founder & CTO
Steve Fitz Chief Revenue Officer
Advanced Analytics Machine learning and predictive analytics help make sense of unexpected behavior
Instant Value Pure SaaS offering; Provides access to the latest capabilities in minutes
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Bruno Kurtic VP, Product & Strategy
Aaron Feigin VP, Marketing & Communication
Proven Customer Success Thousands of customers rely on Sumo Logic for operational and business insights
Alert & Notify
Detect & Predict
▪ Use custom alerts when specific events and outliers are identified across data streams ▪ Proactively notify your team when data deviates from calculated baselines
▪ Analyze thousands of data streams with a single query to determine baselines and identify outliers ▪ Machine learning helps to detect anomalies
Funding Summary: $230M Date
Stage
Jun 2017
Series F
75.0
Jun 2015
Series E
80.0
May 2014
Series D
Nov 2012
Series C
Jan 2012
Series B
Dec 2010
Series A
Secure by Design Industry’s benchmark in delivering secure SaaS
Amount Raised ($M)
Selected Investors
30.0 30.0 15.0
Shlomo Kramer
Undisclosed
79
Raises $30M in Series C Financing. Company Overview
Description
Product Overview
Auth0 is a cloud service that provides a set of unified APIs and tools that instantly enables single sign-on and user management for any application or IoT device. It is a modern identity infrastructure, built for developers. Auth0 provides open source SDKs for all popular platforms, operating systems, devices and programming languages. It allows connections to any identity provider from social to enterprise to custom username/password databases.
Auth0 allows customers to easily and quickly connect to apps, choose identity providers, add users, set up rules, customize login page and access analytics from the Auth0 dashboard. Auth0 Platform Auth0 Login Box
Breached Password Detection
Secures your website and any login breaches; integrate business security with any application
Blocks hackers from impersonating users with compromised credentials from data breaches
Founders / Management Jon Gelsey CEO
Matias Woloski Co-Founder & CTO
Founded
2013
HQ
Bellevue, WA
Amount Raised
$54.3M in 4 Rounds
Eugenio Pace Co-Founder & VP, Customer Success
Lewis Carpenter CMO
Passwordless
Multi-Factor Authentication
Allows users to login without need to remember their password; secure from brute-force entry
Removes the need for one-time codes; simply download app and approve login requests with tap of button
Auth0 Dashboard
Chris Dukelow CFO
Connect and Integrate with APIs, Enterprise and Different Databases Everything can be controlled on the Auth0 Dashboard; support more authentication options become as simple as toggling a button.
Funding Summary: $54.3M
Auth0 By the Numbers Auth0 solves complex and large-scale identity use cases for global enterprises with their extensible and easy-to-integrate platform, security billions of logins every year
2K+
42M+
70+
24/7
Enterprise Subscribers
Logins Everyday
Countries with Auth0
Support Coverage
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
1.1B+
Monthly Logins Securely Authenticated
Logins 1.3M+ Malicious Prevented
Date
Stage
Jun 2017
Series C
Aug 2016
Series B
Jun 2015
Series A
Sep 2014
Seed
Amount Raised ($M)
Selected Investors
30.0 15.0 6.9 2.4
80
Raises $12M in Series A Financing. Company Overview
Description
Product Overview
JASK designs technology that gives analysts greater support and leverage to eliminate cybersecurity exposure. It automates network monitoring and complements the technology that security operations and compliance programs have been built around and easily integrates with existing processes. JASK’s services are a solution to overtaxed and understaffed security teams that cannot respond to every single alert by using AI and machine learning to prioritize threats.
JASK monitors networks end to end, using advanced AI to surface and triage the most relevant attacks, while providing a clear picture of the attack surface. With instantaneous, deep knowledge about attacks, analysts can make decisions with more speed and confidence. ACT SmartAlerts give analysts full picture of each attack’s impact. By focusing without time consuming forensic research, analysts can quickly and effectively eradicate the attack.
SENSE
Founders / Management Greg Martin Co-Founder, President & CEO
Founded
2015
HQ
San Francisco, CA
Amount Raised
$14.0M in 2 Rounds
Damian Miller Co-Founder & VP, Customer Success
Mustafa Rassiwala Head of Products
Andrew Maloney VP, Field Operations
AUTOMATE
Within a single day, JASK works to reveal attacks, developing a cumulative understanding of connected sequences of events
Acceleration Gives Analysts More Leverage - And Yields Smarter, More Strategic Hunting
Operationalize the speed at which similar attacks are addressed in the future, setting the technology to hunt
EVOLVE With more routine hunting offloaded to the technology, analysts can continually increase the effectiveness of their work Unprecedented, Entire-Network Visibility
Tap Into the Intelligence Community Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Funding Summary: $14.0M
Customize at Will, Built on Open Source
Automate Learnings For Increased Leverage
Date
Stage
Jun 2017
Series A
Feb 2016
Seed
Amount Raised ($M)
Selected Investors
12.0 2.0
81
Raises $32.5M in Series D Financing. Company Overview
Description
Product Overview
Sparkcognition provides cognitive security analytics solutions. It offers SparkPredict that applies algorithms to huge bodies of sensor data, identifies impending failures long before they occur, and alerts operators to sub-optimal operation before it can cause any harm; and SparkSecure, a cloud service or an on-premise application that provides cognitive insights, which work by collecting structured and unstructured data, as well as applying algorithms to find trends, patterns, and anomalies.
▪ Signature-Free, Machine Learning-Powered Anti-Malware for endpoints ▪ Analyzes DNA of unknown files and detects malware before it breaches your perimeter ▪ Autonomously adapts to latest variants of ransomware, viruses, Trojans, and worms and provides advanced protection against zero-day and polymorphic threats ▪ Leverages natural language processing to generate in-context descriptions and remediation
Founders / Management Amir Husain Founder & CEO
Randy Printz COO
Founded
2013
HQ
Austin, TX
Amount Raised
$38.9M in 3 Rounds
David Asher Executive VP, Strategy
Kenneth Wisian Chief Architect, Defense
File Reputation & Application Control
Usman Shuja VP, Market Development
Multi-Vector Machine Learning
Natural Language Processing
▪ Adds a cognitive layer of human intelligence at machine scale to traditional security solutions
▪ Acquires and transforms sensor data ▪ Applies proprietary classification and prediction algorithms
Artemis ▪ Autonomously build, test, and identify meaningful relationships from thousands of combinations ▪ Find anomalies based on single or combinations of variables
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
▪ Identify new attacks automatically without relying on signature matching threats
▪ Generate actionable insights and support rootcause analysis
Proprietary Algorithms Pythia ▪ Automated model building algorithm ▪ Uses machine learning techniques to distinguish noise from signals ▪ Combines Deep Learning and Genetic methods to develop models that predict when the machine is likely to fail
Detection & Response
▪ Collects massive amounts of structured and unstructured data to learn and improve
Funding Summary: $38.9M Date
Stage
Jun 2017
Series BII
Apr 2016
Series B
Aug 2013
Series A
Amount Raised ($M)
Selected Investors
32.5 6.0 0.4
Undisclosed
82
Raises $70M in Debt Financing. Company Overview
Description
Product Overview
Alert Logic provides Security-as-a-Service solutions that secure the application and infrastructure stack of the cloud. Alert Logic is a provider of information technology network security services and technologies which include Threat Manager, a cloudpowered threat management and vulnerability assessment solution that protects enterprises by identifying malicious behavior and questionable network patterns originating inside and outside of network.
Cloud Defender
Cloud Insight
Managed Cloud Security
Network Intrusion Detection
▪ Complete visibility across AWS environment
▪ Real-time Network Monitoring
▪ Centralized security management ▪ Managed threat detection and response
▪ Prioritized list of vulnerabilities ▪ 24x7 automatic protection of new, changed or modified environment
▪ Rapid deployment ▪ Compliance without complexity ▪ Visibility into your IT infrastructure
Founders / Management Gray Hall Chairman & CEO
Blake Allen SVP & General Counsel
Founded
2002
HQ
Houston, TX
Amount Raised
$387.3M in 8 Rounds
Acquisitions
Dave Colesante COO
(2016)
Greg Davis EVP, Global Sales & Field Marketing
Misha Govshteyn SVP, Products & Marketing
(2015)
(2012)
▪
▪ ▪
Accelerate production with API-driven security and DevOps automation Scale and protect with elastic security Focus on your business: no security staff or expertise required
▪ ▪
Innovate safely with security that keeps pace with continuous development Prevent attacks by finding vulnerabilities Preserve performance and availability with out-of-band detection
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
▪ Unlimited internal and external scans
Web Security Manager
Log Security Manager
Web Application Firewall
Log Correlation & Analysis
▪ Protects websites and business critical applications from attacks
▪ Collects, aggregates and normalizes log data
▪ 24x7 monitoring and incident escalation
▪ Web interface gives unified view into all of your data
▪ Non-invasive, no-downtime deployment modes
▪ Flexible data collection options
Funding Summary: $387.3M
Application Owners
▪
▪ Access to rich sources of internal/external data for correlation
▪ Dozens of dashboards and reports available out of the box
Benefits of Alert Logic Cloud & DevOps
Threat Manager
AWS Vulnerability Management
Security Pros
▪ ▪
▪
Simplify with one service for cloud and on-premises Expand defenses with accurate, expert protection for your web apps Empower app and cloud pros with agility and protection
Date
Stage
Jun 2017
Debt Financing
Amount Raised ($M)
Aug 2013
Private Equity
Jun 2012
Venture
7.5
Jun 2012
Series F
12.2
Apr 2011
Series E
12.6
2005-2009
Series A-D
19.1
Selected Investors
70.0 266.0
83
Raises $100M in Series D Financing. Company Overview
Description
Product Overview
Cybereason specializes in endpoint protection, offering endpoint detection and response, next generation antivirus, and managed monitoring services. Founded by intelligence professionals, Cybereason gives enterprises the upper hand over cyber adversaries. The Cybereason platform is powered by a custom-built-in-memory graph and detects behavioral patterns across every endpoint and surfaces malicious operations in an exceptionally user-friendly interface.
Monitoring
Hunting
▪ Incident confirmation and prioritization
▪ Collect endpoint sensor data
▪ Incident data-gathering
▪ System health monitoring
▪ Detect suspicious activity ▪ Hunt for adversaries
▪ Reverse malware engineering
▪ Report findings
▪ Custom threat research
▪ Quarterly reporting Founders / Management
▪ Turnkey security operations Lior Div Co-Founder & CEO
Yonatan Striem-Amit Co-Founder & CTO
Yossi Naar Co-Founder & CVO
Scott Ward CFO
Sam Curry CSO
DEEP Detect & Respond
2012
▪ Reduce risk
HQ
Boston, MA
Amount Raised
$188.6M in 4 Rounds
▪ Uplevel analysts
DEEP Prevent
▪ Go beyond automation
Cybereason Response Interface The Cybereason Response Interface uses the information collected by the platform to tell an easy-to-understand visual attack story
▪ Executive and technical reporting
▪ Increase visibility
Founded
Cybereason Response Interface
Cybereason Sensors Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Incidence Response
RansomFree
▪ Centralized and endpointside analytics
▪ Stops ransomware from encrypting files
▪ Behavioral analysis in Cybereason Deep Hunting Engine
▪ Protects against 99& of ransomware strains
Funding Summary: $188.6M Date
Stage
Jun 2017
Series D
Oct 2015
Series C
May 2015
Series B
Feb 2014
Series A
Amount Raised ($M)
Selected Investors
100.0 59.0 25.0 4.6
84
Raises $12.3M in Series C Financing. Company Overview Description
Product Technology Overview: Sqrrl’s Behavior Graph
Sqrrl is a threat hunting company, enables organizations to target, hunt, and disrupt advanced cyber threats. Sqrrl operates a threat hunting platform that unites link analysis, user and entity behavior analytics, and multi-petabyte scalability capabilities into an integrated solution to facilitate proactive detection of threats, such as advanced persistent threat detection, data breach detection, malware detection, insider threat detection, alert triage, incident investigations, threat intelligence analysis, and cyber situational awareness.
Behavior Graph, which automatically transforms raw logs into actionable knowledge and contextual insight via entity extraction techniques.
Founders / Management Mark Terenzoni CEO
Founded
2012
HQ
Cambridge, MA
Amount Raised
$26.5M in 4 Rounds
Adam Fuchs CTO
Ely Kahn VP, Business Dev
Ari Daskalakis VP, Field Operations
Paul Lynch VP, Sales
Advanced Threat Detection and Response Platform Target: Scope the data sets that will be used in the investigation, optimize with machine learning Hunt: Proactively and iteratively search through network and endpoint data to detect and isolate advanced threats Disrupt: Seamlessly pivot from hunting to forensic analysis to disrupt adversaries before they fully execute their attacks Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Funding Summary: $26.5M Date
Stage
Jun 2017
Series C
Feb 2015
Series B
Oct 2013
Series A
Aug 2012
Seed
Amount Raised ($M)
Selected Investors
12.3 7.0 5.2 2.0
85
Raises $125M in Series D Financing. Company Overview
Description
Product Overview Illumio’s Adaptive Segmentation Capabilities Lets Organizations Understand & Protect Their Computing Assets In Minutes, Across A Range Of Formats In Both Data Centers & Public Clouds.
Illumio is a data center and cloud security company led by veterans with deep experience in virtualization, networking and security. Illumio’s Adaptive Security Platform (ASP) is completely independent of underlying infrastructure and delivers visibility and control over workloads running in any data center or cloud environment. It computes security politics and ensures they are provisioned accurately by understanding and continuously adapting to changes in the infrastructure and applications.
BARE-METAL SERVER
VIRTUAL MACHINE
CONTAINERS
PUBLIC & PRIVATE CLOUD
NETWORK
ADP Key Benefits
Adaptive Segmentation Platform
Founders / Management Andrew Rubin Co-Founder & CEO
PJ Kirner Co-Founder & CTO
Founded
2013
HQ
Sunnyvale, CA
Amount Raised
$267.5M in 4 Rounds
Alan Cohen Chief Commercial Officer
Nathaniel Gleicher Head of Cybersecurity Strategy
Scott Downie VP, Support & Services
Illumio adaptive segmentation is designed to apply the exact level of protection needed to the environment, or application
Eliminating Blind Spots inside data centers and cloud
▪
Protecting the 80% of traffic that is invisible to perimeter firewalls
No dependency of underlying infrastructure to support new or existing environments
▪
Enabling secure connectivity inside and between cloud environments and private data centers
Modeling of Policy to understand policy impact to application environment
▪
Decreasing the Number of Firewall Rules by over 95%
▪
A Single Solution to Protect Applications
Adaptive Segmentation continuously adjusts to changes in application environment to keep enforcement intact
▪
Live Visibility of applications, components and traffic
▪ ▪
Auto-discovery and Policy Recommendations
Funding Summary: $267.5M Illumio Services
Enforce Adaptive Segmentation
▪
▪
▪
With a patented, software-only architecture, the Illumio Adaptive Security Platform provides the new foundation for data and cloud security.
Date
Stage
Jun 2017
Series D
Gain Live Visibility
Encrypt Data in Motion
Apr 2015
Series C
Illumination provides a live app dependency map across environment showing workloads, applications & traffic flows
SecureConnect provides on-demand, policy-based encryption of data in motion between any Linux/Windows workloads and VPN gateways
Sep 2013
Series B
Jan2013
Series A
Amount Raised ($M)
Selected Investors
125.0 100.0 34.5 8.0
86
Raises $100M in Series E Financing. Company Overview
Description
Product Overview Netskope Features
Netskope is a cloud application analytics and policy company. Using patented technology, Netskope’s cloud-scale security platform provides context-aware governance of all cloud usage in the enterprise in real time, whether accessed from the corporate network, remote, or from a mobile device. This allows security professionals to understanding risky activities, protect sensitive data, stop online threats and respond to incidents in a way that fits how people work today.
Understand ▪ ▪
Founders / Management Sanjay Beri CEO
Ravi Ithal Chief Architect
Founded
2012
HQ
Los Altos, CA
Amount Raised
$231.4M in 5 Rounds
Lebin Cheng VP, App Engineering
Krishna Narayanaswamy Steve Malmskog Chief Scientist Chief Network Architect
Granular policies for all servers
Netskope Context Engine
Protect
Offers visibility into all cloud usage Gain granular details about user, service, device, location for holistic view of cloud usage
▪
▪
Respond
Detects and remediate malware and identify anomalies Use granular security and access policies to direct users and servers
▪ ▪
Gives range of options to respond to violation Can take immediate, automated action or deliver an automated coaching message
By mapping out the API interactions of billions of transactions, the Netskope Context Engine has built the intelligence to cover all cloud traffic and to understand the details that make cloud security services such as threat protection, DLP, and granular policies more effective.
Funding Summary: $231.4M
What Makes Netskope Different?
Advanced, enterprise DLP
How the Context Engine Works:
Technology integrations
Customers
Architected for any use
Advanced threat protection
Cloud-scale architecture
Date
Stage
Jun 2017
Series E
Sep 2015
Series D
May 2014
Series C
Oct 2013
Series B
Jan 2013
Series A
Amount Raised ($M)
Selected Investors
100.0 75.0 35.0 15.9 5.5
87
Raises $100M in Secondary Market Financing. Company Overview
Product Overview
Tanium is a security and systems management solution that allows real-time data collection at enterprise scale. Its flagship product is a platform for IT departments to manage and control networks – even those comprising millions of machines and devices – with “15second visibility” into network activity, rather than having to rely on days or even older data. Tanium plans to replay the patchwork of security solutions with its near real-time network scanning and management software, which consolidates multiple IT department functions onto a single platform.
Description
Endpoint Security Incident Response
Patch Management
Asset Inventory
Vulnerability Assessment
Configuration Compliance
Software Distribution
Asset Utilization
David Hindawi Co-Founder & Executive Chairman
Founded
2007
HQ
Emeryville, CA
Amount Raised
$405.7M
Orion Hindawi Co-Founder & CEO
David Damato CSO
15 Second Visibility and Control
Scott Rubin CMO
Anirma Gupta General Counsel
Customers 12 of the top 15 US banks
The Tanium Way
SIEM
Founders / Management
Completeness
Confidence
99%+ of your endpoint data is current
99%+ of your endpoints provide data with every pass
99%+ of your endpoints are always in their desired state
Source: Company Website, Crunchbase, TechCrunch.
4 of the Fortune 10 #1 company across 11 industries
Big Data
Threat Intelligence
File Reputation
CMDB
Help Desk
Asset Management
Monitoring
Minimal Cost of Ownership, No Resilient Infrastructure = Complete Response Times Measured in Effort to Scale Results Seconds Tanium’s unique architecture easily Designed for today’s rapidly Decentralized data aggregation and scales to millions of endpoints changing endpoints, we achieve distribution primarily across lowwithout requiring ongoing 99%+ response rates from latency LAN traffic results in infrastructure additions, resulting in endpoints on the network. Every unparalleled speed and dramatic cost savings time performance
Funding Summary: $405.7M Date
Stage
May 2017
Private Equity
Sept 2015
Series G
May 2015
Accuracy
Endpoint Management
Threat Detection
Amount Raised ($M) 100.0
Selected Investors
148.0 64.0
Series F
May 2014
Series E
May 2010
Venture
0.8
Undisclosed
Jun 2009
Venture
0.9
Undisclosed
July 2007
Series A
2.0
Undisclosed
90.0
88
Raises $100M In Series D Financing. Company Overview
Crowdstrike Falcon Product Overview
CrowdStrike unifies next-generation antivirus, endpoint detection and response (EDR), and a 24/7 managed hunting service — all delivered via a single lightweight agent. The CrowdStrike Falcon™ platform, certified to replace legacy antivirus, has reinvented how endpoint security is delivered with its industry-leading, cloud native architecture. CrowdStrike Falcon protects customers against advanced cyber attacks, using sophisticated signatureless artificial intelligence/machine learning and Indicator of Attack (IOA) based threat prevention to stop known and unknown threats in real-time. Core to its innovative approach is the CrowdStrike Threat Graph™ which analyzes and correlates over 40 billion events per day from millions of sensors deployed across more than 170 countries, uniquely providing crowdsourced protection for the entire customer community.
Description
Falcon Prevent: Next-Generation Antivirus
Falcon Insight: Endpoint Detection & Response
Falcon Overwatch: Managed Threat Hunting
Founders / Management George Kurtz Co-Founder & CEO
Dmitri Alperovitch Co-Founder & CTO
Founded
2011
HQ
Irvine, California
Amount Raised
$256.0M in 4 Rounds
Colin Black COO
Shawn Henry President, Crowdstrike Services & CSO
Falcon Discover:
Burt Podbere CFO
IT Hygiene
Falcon Intelligence: Cyber-Threat Intelligence
Why Crowdstrike Falcon? BETTER PROTECTION Prevention and detection against all attack types- both malware and malware free
IMMEDIATE TIME TO VALUE Cloud architecture reduces cost while adding speed, efficacy and scalability
✓ Continuous monitoring ✓ Gain insight into adversaries attacking endpoints ✓ Prevent sophisticated attacks instantly Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
▪ ▪ ▪
Sophisticated machine learning-driven malware protection Unique indicator of Attack behavioral blocking Extensive prevention of privilege escalation and ransomware
▪ ▪ ▪
Complete real-time visibility of security-related endpoint activity Five-second search to discover current & historic endpoint activity Contextualize events by threat intelligence, providing attribution and additional information about the attack
▪ ▪ ▪ ▪
Global team of expert adversary hunters watching 24/7 Reduce alert fatigue with proactive notification and actionable alerts Augment existing in-house resources and improve operational efficiency Leverage “power of the crowd” to identify new emerging threats
▪ ▪ ▪
Real-time system inventory of all managed & unmanaged endpoints Real-time application inventory of all applications in the environment Discovery API allowing integration with other IT tools to automatically remediate unmanaged systems and unwanted applications
▪ ▪ ▪ ▪
In-depth cyber security analysis and reporting Attack attribution and identification of unique adversary TTPs Customizable feeds and API supporting a wide range of formats 80-plus adversaries tracked around the clock, around the globe
Funding Summary: $256.0M BETTER PERFORMANCE Consolidates a full range of security functionality into one integrated solution
✓ Always protected without troublesome signature updates ✓ Identify unauthorized systems & applications in real time
Date
Stage
Amount Raised ($M)
May 2017
Series D
Jul 2015
Series C
Sep 2013
Series B
30.0
Feb 2012
Series A
26.0
Selected Investors
100.0
100.0
89
Raises $15M In Series B Financing. Product Overview
Company Overview
Description
Attivo Networks provides dynamic deception technology, which in real-time detects intrusions inside the network, data center, and cloud before the data is breached. Leveraging high-interaction deception techniques, the Attivo BOTsink Solution lures BOTs/APTs to reveal themselves, without generating false positives. Designed for efficiency, there are no dependencies on signatures, database lookup or heavy computation to detect and defend against cyber threats. Attivo solutions capture full forensics and provide the threat intelligence to shut down current and protect against future attacks.
Founders / Management Tushar Kothari CEO
Mano Murthy Co-Founder & EVP
Founded
2011
HQ
Fremont, California
Amount Raised
$23.0M in 2 Rounds
B.J. Shanker Co-Founder & VP, Operations
Ashok Shah CFO & VP, Finance
Cloud Detection
Venu Vissamsetty VP, Security Research
Comprehensive Deception & Decoy Make the Entire Network a Trap to Confuse and Misdirect Attackers into Revealing Themselves
Reduction of Attack Detection Time Prevent Data Exfiltration
Deception Authenticity Camouflage for Dynamic Behavioral Deception
Improve Incident Identify and Defend Your Response with Understand the Network Actionable Alerts Methods and Intent Reporting and Substantiated Alerts of Hackers Automations to Based on Attacker Analysis and Block Attacks and Engagement: No Forensics Quarantine Devices False Positives
Popular Use Cases Lateral Movement Detection
Platform Solutions Threat Detection
Carolyn Crandall CMO
The Attivo Solution The ThreatDefend Deception and Response Platform is designed to make the entire network a trap and to force the attacker to have to be right 100% of the time or risk being discovered. The solution combines distributed, high-interaction deception lures and decoys designed to provide early visibility into innetwork threats, efficient continuous threat management, and accelerated incident response
Insider, 3rd Party, Acquisition Integration
Industry Solutions Specialty Detection
Deception and decoy These include AWS, in These include solutions provide an which the Attivo deception for ICSadditional line of deception platform uses SCADA Network defense to address the deception techniques to protection, point-ofsituations where provide visibility to inside sales attack system, first attackers have bypassed the data center threats. deception-based threat prevention security Open Stack integration detection platform for systems and real-time provides efficient and IoT & distributed notification of inside effective detection of deception platforms for the network threats is network threats for automated incident required virtualized SDDC handling
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Financial Services
Retail
Energy
Government
Exposed Credential & Attack Path Assessment Stolen Credential
Specialized Environments: IoT, PoS, SCADA
Cloud & Data Center Security
Phishing Incident Response
Funding Summary: $23.0M
Healthcare
High Tech
Man-in-the-Middle
Ransomware
Date
Stage
May 2017
Series B
Apr 2015
Series A
Amount Raised ($M)
Selected Investors
15.0
8.0
90
Raises $15M In Financing. Product Overview
Company Overview
Description
Vera develops and provides data security solutions for media and entertainment, professional service, healthcare, financial service, pharmaceutical and biotechnology, and manufacturing industries. The company offers a cloud-based information rights management platform that allows developers to build encryption, tracking, policy enforcement, and access control solutions into their custom business applications. Its solutions allow clients to share files, create a hypersecure virtual deal room, secure data, track and audit data, send file blasts, automate file security, and ensure regulatory compliance.
Founders / Management Ajay Arora Co-Founder & CEO
Prakash Linga Co-Founder & CTO
Founded
2014
HQ
Palo Alto, California
Amount Raised
$50.0M in 3 Rounds
Carmen Cerrelli VP, Finance & People Operations
Industry Solutions
Financial Services
Healthcare
Media & Entertainment
Biotech & Pharma
Peeyush Rai VP, Engineering
Awards
Manufacturing
Professional Services
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Vera For Files
Vera For Mail
Vera For
Vera Platform
Vera For
Vera For
Military Grade File Encryption ▪ Military-grade AES 256 encryption at the data level ▪ Maintain data privacy ▪ Encryption travels with your content everywhere
Seamless User Experience ▪ Fits into your company’s workflow without impacting end-user experience ▪ Avoids risky end-user workarounds
Granular Visibility & Control ▪ 360° data visibility ▪ Revoke file access instantly from any source ▪ Enable/disable offline access & selfdestruct files anytime
Real-time Policy Enforcement ▪ Change file permissions instantly ▪ Apply watermarks/screenshot defenses ▪ Lock or kill files, even after they’ve been sent to recipients
Secure Any File, On Any Device ▪ Secure any type of file ▪ Security policies travel with your data & remain with your files anywhere they’re stored
Centralize Control & Analytics ▪ Full audit trail for regulatory compliance ▪ Instant mapping of file location, access points & attempted hacks
Andy Zambito VP, Worldwide Sales
Funding Summary: $50.0M Date
Stage
Amount Raised ($M)
May 2017
Undisclosed
15.0
Feb 2016
Series B
21.0
Nov 2014
Series A
Selected Investors
14.0
91
Raises $12M In Series A Financing. Company Overview
Description
Product Overview
RedLock’s Cloud 360™ platform enables organizations to accelerate digital business by managing security and compliance risks across their entire public cloud infrastructure without impeding collaboration between software developers and IT operations to automate software delivery. With RedLock Cloud 360, security teams gain a single view of existing and potential risks over the entire cloud infrastructure, across multiple leading public cloud service providers such as Amazon Web Services (AWS).The platform automatically discovers workloads within an environment and enables continuous monitoring, anomaly detection, cloud forensics, adaptive response, and compliance reporting.
RedLock Cloud 360 Platform Connects in minutes via APIs and aggregates massive volumes of raw configuration data, user activities, and network traffic to produce concise, actionable insights. No agents or proxies.
Founders / Management Varun Badhwar Co-Founder & CEO
Founded
2015
HQ
Menlo Park, CA
Amount Raised
$12.0M
Gaurav Kumar Co-Founder & CTO
Key Stats
4.8 MILLION
$758 MILLION
Sensitive Records Discovered
In Breach Costs Avoided
Upa Campbell VP Marketing
Wayne Jensen Chief Architect
Alok Tongaonkar Head of Data Science
The Five Step RedLock Process Discover Your Environment
Leverage 50+ APIs to continuously aggregate volumes of configuration, user activity, and network traffic data without impeding DevOps
Connect The Dots
Applies machine learning to connect the dots between configuration, user activity, and network traffic data
Comprehensive Understanding
Applies data science to integrate with threat intelligence feeds, vulnerability scanners, and SIEM solutions
Quantify Your Risks
Scores each cloud resource for risk based on the severity of business impact, policy violations, and anomalous behavior
Visualize Your Environment
Visualizes your entire cloud infrastructure environment with an interactive dependency map that provides insights into security and compliance risks
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Comprehensive Visibility View your multi-cloud infrastructure environment from a single pane of glass
Policy Monitoring Define policies based on industry standards and continuously monitor for violations
Anomaly Detection Automatically detect suspicious user and network behavior using machine learning
Contextual Alerting Leverage highly contextual alerts for prioritization and rapid response
Cloud Forensics Go back to any point in time and investigate issues within seconds
Compliance Reporting Report on risk posture to your management team, board of directors, and auditors
Funding Summary: $12.0M Date
Stage
May 2017
Series A
Feb 2016
Seed
Amount Raised ($M)
Selected Investors
12.0 Undisclosed
92
Raises $89.0M In Series F Financing. Company Overview
Description
Product Overview
Armor is the First Totally Secure Cloud Company™ that protects customers’ vital assets and helps prevent data breaches through managed multi-layer security for public and private clouds. The Armor team also applies extensive military cyber security experience for proactive threat detection, response and remediation. Forward-thinking organizations trust Armor for data security and compliance to stay ahead of cyber threats in the cloud.
ARMOR: DEDICATED CYBER SECURITY EXPERTS AT YOUR SERVICE Industry Services
Founders / Management Chris Drake Founder & CEO
Founded
2009
HQ
Richardson, Texas
Amount Raised
$149.1M
Jared Day President
Armor Makes Cloud Compliance Easier
▪ Armor actively defends sensitive ePHI, PII, credit card and transaction data ▪ Outsource costs tied to staff, audit expertise and security via secure hosting solutions ▪ Audit-friendly and designed to address key requirements of PCI and HIPAA compliance ▪ Mapped roles and responsibilities for smooth PCI and HIPAA compliant hosting Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Jeff Schilling CSO
Diana Massaro CMO
Noah Knippa CFO
Cloud Security Features
Products
Intellectual Property securely manage most valuable asset – your ideas
Maintaining Compliance
Payment multi-layered security prevents data breaches
Compensate for the Human Element
Healthcare safe haven for electronic records, information, etc.
Prevent Data Breaches
Compliance Standards meets any regulatory or compliance standard
Designed for all clouds in mind. Protect data workloads and applications, whether they’re hosted in a public cloud or your own IT environment
Provides high-performance cloud with the highest level of protection, while exceeding compliance requirements and providing 24-7 security and support
Recover Fast from Cyber Attacks
Funding Summary: $149.1M Partners
Date
Stage
Amount Raised ($M)
Selected Investors
Apr 2017
Series F
Apr 2014
Series E
Jun 2013
Series D
12.0
Sep 2012
Series C
10.0
Sep 2011
Series B
10.0
May 2011
Venture
1.1
Undisclosed
Mar 2010
Series A
2.0
Pat Sullivan & Doug Ducey
89.0
25.0
Neil Rapoport
93
Raises $20.0M In Series B Financing. Company Overview
Description
Product Overview
Cyber Global Risk Exchange (CyberGRX) develops and delivers a third-party cyber risk management platform. The company offers CyberGRX, a platform through its design, automation, and advanced analytics enables enterprises to identify, assess, mitigate, and monitor an enterprise’s cyber risk exposure across its vendor, partner, and customer digital ecosystem. Its platform helps enterprises automate and standardize the collection of information, as well as prioritize, evaluate, and remediate risk.
Founders / Management Fred Kneip CEO
Jonathan Simkins Patrick Gorman CFO Head of Strategy, Product
Founded
2015
HQ
Denver, Colorado
Amount Raised
$29.0M
Bryan Smith CTO
Future of Third Party Cyber Risk Management
Mitigate Reduce Costs Scale Identify and mitigate The CyberGRX Scale questionnaire risk across your entire Exchange lowers the response program by digital ecosystem with cost for companies to completing and actionable, risk-based assess third party cyber sharing one analytics risk assessment Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Tony Urbanovich COO
Scott Schneider CRO
Whether you are an enterprise, a third party or both, the CyberGRX platform streamlines your third party cyber risk management program by reducing risk and lowering costs Enterprise Solutions
Third Party Solutions
Plan
CyberGRX’s proprietary Dynamic Risk Ranker™ recommends appropriate level of due diligence for each third party
3 Tiers of Assessment
Fully validated assessments, long form self-assessments with automated validation, and short form selfassessments with self-attestation
Assess
CyberGRX provides Risk Assessment as a Service (RAaaS)
Share
Share CyberGRX assessments with upstream business partners
Mitigate
CyberGRX identifies largest risk exposures and recommends prioritized remediation advice
Quarterly Assessment
Three tiers of assessments offer comprehensive analysis
Monitor
CyberGRX ingests threat & business intelligence from top providers & correlates back to third parties in your ecosystem
Growth
Help company grow by leveraging first class cyber security as a differentiator
Industry Solutions
Funding Summary: $29.0M
Financial Services
Energy
Healthcare
Consumer & Retail
Industrials
Information Technology
Date
Stage
Apr 2017
Series B
Jul 2016
Series A
Amount Raised ($M)
Selected Investors
20.0
9.0
94
Raises $16.5M In Series C Financing. Company Overview
Product Overview
Dome9 is a cloud firewall management service. Their patent-pending security automation creates a strong, front-line defense that stops zero-day vulnerabilities and exploits, secures remote access, and centralizes policy management. Available for the enterprise and hosting providers, Dome9 automates security policy management for cloud, dedicated, and Virtual Private Servers (VPS). Their sophisticated security management platform controls Amazon EC2 & VPC Security Groups, as well as any OpenStack, CloudStack, and VMware vCloudbased private and public clouds.
Description
Founders / Management Zohar Alon Roy Feintuch CEO & Co-Founder CTO & Co-Founder
Founded
2010
HQ
Mountain View, California
Amount Raised
$29.3M
Eran Waldman CFO
Comprehensive Security Solutions Across One Platform
Cloud Security Operations
Rugged DevOps
10x faster, simpler, Cloud Security at the and more effective Speed of DevOps
Compliance and Governance Verifiable Cloud Security
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Eyal Fingold VP, R&D
Suda Srinivasan VP, Growth
Jim Sortino VP, WW Sales
Dome9 Arc - SaaS platform to deliver comprehensive security, compliance & governance across public cloud infrastructure environments.
Network Security
Compliance Engine
Advanced IAM Protection
Model and enforce gold standard policies across accounts, projects, regions and virtual networks
Protect against compromised credentials and identity theft
Track, manage and report on compliance posture
▪ Powerful visualization of network topology and flows
▪ Enhanced layer of defense to existing public cloud IAM services
▪ End-to-end security and compliance management for continuous enforcement
▪ In-place remediation and active security enforcement
▪ Access restriction of IAM users and roles to contain blast radius
▪ Innovative new Governance Specification Language (GSL) to create custom policies
▪ Consistent management of security policies across multiple public clouds
▪ On-demand authorization to minimize risk of compromised accounts
▪ Automated aggregation of data in real-time
▪ Cloud-native, agentless security technology protects all cloud assets
▪ Audited tamper protection from suspicious user activity
▪ Setup in under 5 minutes with no software to install or agents to deploy
▪ Out-of-band authorizations from a mobile device for added protection
▪ Extensive automation delivering one-click operational simplicity
▪ Balance between seamless access and practical security
▪ Over 500 industry best practices for security encoded ▪ Industry best practices and built-in suites to test compliance against standards ▪ Printable assessment reports for proof of security posture across business units, virtual networks and cloud accounts
Funding Summary: $29.3M
Customers Date
Stage
Amount Raised ($M)
Apr 2017
Series C
Oct 2015
Series B
Oct 2013
Convertible Note
2.5
May 2011
Series A
2.0
Selected Investors
16.5 8.3 Undisclosed
95
Raises $40.0M In Private Equity Financing. Company Overview
Product Overview
PAS is a provider of software solutions for ICS cybersecurity, process safety, and asset reliability to the energy, process, and power industries worldwide. PAS solutions include industrial control system cybersecurity, automation asset management, IPL assurance, alarm management, high performance HMI™, boundary management, and control loop performance optimization. PAS solutions are installed in over 1,100 facilities worldwide in more than 70 countries.
Description
ICS Cybersecurity Secure ICS assets by leveraging industry leading inventory and configuration management technology
Automation Asset Management Simplify configuration management across all automation assets to ensure operational reliability
Operations Management Transform process safety and profitability by gaining real-time insights into operational risk
Harden Security and Drive Compliance with Production-Centric Cybersecurity
Founders / Management Eddie Habibi Founder & CEO
Dennis Ahrens VP & Chief Software Architect
Founded
1993
HQ
Houston, Texas
Amount Raised
$40.0M
Tamara Anderson VP, Corp Strategy & General Counsel
Customer Base
Mark Carrigan COO
Alan Elliot Jason Haward-Grau SVP, Global Sales CISO
Partners
520+ Customers Including:
13
of
10
of
Inventory Management
▪ ▪ ▪ ▪
Maintain an evergreen inventory across all major proprietary and traditional IT control systems Capture configuration data that IT-based approaches miss (I/O cards, firmware, control strategies) Enable automated configuration and patch management Reduce manual inventory efforts by 90%
Configuration Management
▪ ▪ ▪ ▪
Capture a reliable, comprehensive configuration security baseline Detect unauthorized configuration changes before they become a problem Automate alerts and policies to support cybersecurity requirements Remediate unauthorized changes using workflow-driven incident response protocols
Patch Management
▪ Access the relevance and impact of Microsoft™ patches and vendor bulletins ▪ Drive the patch testing and mitigation using workflows ▪ Audit patch processes for internal and regulatory compliance
Compliance Management
▪ Enforce national and international compliance standards ▪ Avoid regulatory fines and penalties from non-compliance ▪ Enable standards, custom, and location-based reports for audit readiness
Backup & Recovery
15
Top Chemical Companies
5
of
Funding Summary: $40.0M
15
Top Refining Companies
15
Top Power Companies
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
▪ Automate onsite and offsite backups for all major proprietary control systems ▪ Integrate proprietary system backups into disaster recovery plans ▪ Accelerate recovery from an outage or cyber incident
Date
Stage
Apr 2017
Private Equity
Amount Raised ($M)
Selected Investors
40.0
96
Raises $21.3M In Series C Financing. Company Overview
Product Overview
Synack provides a cloud-based platform that enables customer data integrity, privacy, and confidentiality. The company’s military-grade virtual private testing environment platform allows the global security community access to enterprises and engages global security researchers to test systems in virtual private testing environments, as well as provides secure manual security assessment.
Description
Solutions Process
Built To Integrate With Human Beings Hydra is purpose-built to produce intelligence that is immediately actionable by the SRT, making their discovery processes extremely efficient
Synack Red Team + Hydra Technology
Founders / Management Jay Kaplan CEO
Mark Kuhr CTO
Founded
2013
HQ
Redwood City, California
Amount Raised
$55.3M
Amit Sirdeshpandey VP, Finance
Sridhar Nanjundeswaran VP, Engineering
Jim Hyman CRO
Hydra technology enables the Synack Red Team to continuously discover vulnerabilities efficiently and effectively
Launchpoint
Customer Assets
All Synack Red Team testing activity is routed through our secure gateway technology, providing our clients with full transparency and control
Synack tests each customer asset on a continuous basis and provides realtime testing coverage results and analytics
Synack Provides World Class Security Services to Enterprises
Scale Your Team
Evaluate Risk Efficiently
Analytics and Trends
Secure Your Assets
Harness the power of a private, global network of the industry’s most sought-after security talent to diversify your team’s scope and scalability for security testing
Understand where a vulnerability is and the impact it can have on your organization. Synack also validates if vulnerabilities are closed, creating a feedback loop unmatched by point-in-time assessments
Our real-time analytics provide you with vulnerability trends across all your assets. This coverage can help you spot systemic problems and understand where you can improve your security
Get a dynamic and holistic overview of your ever-evolving attack surface. The Synack Red Team works to identify any exploitable vulnerabilities across your internet facing assets
Source: Company Website, Crunchbase, Capital IQ, TechCrunch.
Benefits Synack’s Hydra Technology
Actionable Intelligence. Not Information Overload Hydra delivers contextualized, ongoing change detection, allowing researchers to investigate security issues and determine which vulnerabilities are exploitable Continuous Perimeter Monitoring As you digitize your business at an accelerated pace, maintain control and visibility of your internet-facing assets Save Time and Money Hydra is hosted in the cloud, meaning no physical or virtual appliance to install, no software to deploy, and no infrastructure to acquire and maintain
Funding Summary: $55.3M Date
Stage
Apr 2017
Series C
Feb 2015
Series B
Apr 2014
Series A
Aug 2013
Seed
Amount Raised ($M)
Selected Investors
21.3 25.0 7.5 1.5
97
Advise.
Network.
Invest.
Momentum Partners Momentum Capital Markets 340 Brannan Street | Suite 501 San Francisco, California 94107 Michael Tedesco Executive Chairman
[email protected]
Eric McAlpine Managing Partner
[email protected]
Keith Skirbe Director
[email protected]
*Securities offered through Momentum Capital Markets, LLC, a division of Financial Telesis Inc. Member FINRA/SIPC.
Dino Boukouris Director
[email protected]