Business Focus: the latest PrivSec fundraising deals

A roundup of the latest fundraising deals and business news from the privacy, data protection and security sectors.

9th November: ReSec Technologies, an Israeli start-up focusing on malware threat prevention and cyber security, announced it has raised $4 million in funding for a series A round. It’s led by QBN Capital with participation from HDI Group, one of Europe’s largest insurance groups, Disruptive Ventures, a US-based investment house, and Israel-based PICO Venture Partners. ReSec says the funding will enable it to focus on growth. ReSec’s “Content Disarm and Reconstruction” technology has a zero-trust approach. The software solution is installed on premise or on the cloud.

6th November: Dataships, a start-up that specialises in automating compliance for data protection and privacy laws, has raised €500,000 in seed funding. Backers of the company include Irish rugby player Ian Madigan and Peter Crowley, co-founder of investment firm FL Partners and formerly chief executive of IBI Corporate Finance. Other participants in the recent fundraise are Enterprise Ireland and Acceleprise, a San Francisco-based early-stage Software-as-a-Service (SaaS) accelerator. Dataships founder Ryan McErlane said the company would be looking to raise a seven-figure sum next year as it seeks to scale quickly to meet demand.

5th November: Cado Security, provider of the cloud-native cyber forensics and response platform Cado Response, announced the close of a $1.5 million seed round led by Silicon Valley-based cyber security venture capital firm TenEleven Ventures. Cado Security will use the funding to expand its development team in the United Kingdom.

2nd November: Lucidum launched with $4 million in seed funding from GGV Capital and Silicon Valley CISO Investments (SVCI). Lucidum is founded by former security and technology leaders at Splunk. Its platform “employs patent-pending machine learning against a massive volume of pre-existing data to triangulate and provide context about known and unknown computers, mobile devices, cloud environments, IoT devices, microservices, and other technology assets.”

28th October: UK private equity manager Maven Capital Partners (Maven) has invested £2 million in MirrorWeb, a tech firm that enables organisations to capture, archive and monitor web-based content for digital oversight and regulatory compliance.

28th October: French Enterprise Cloud Trust Platform Odaseva raised $25m in Series B funding. The round, which brought total funding to $40m, was led by Eight Roads Ventures with participation from new investor F-Prime Capital as well as participation from existing investors Partech, Salesforce Ventures, and Serena. The funding will be used for growth, including developing the depth and breadth of its core Enterprise Cloud Trust Platform, accelerated hiring in its San Francisco, Sydney and Paris offices, and extending Odaseva’s development and teaching of best practices in enterprise cloud data protection.

28th October: Container security and threat detection start-up StackRox is making its first original contribution to the open-source software community today with the release of a new tool designed to identify misconfigurations in Kubernetes environments. StackRox, which raised $26.5 million in funding last month, sells a cloud-based platform that offers continuous advanced threat detection for cloud-native applications, containers that host the components of those apps, and Kubernetes, which is an open-source software framework that’s used to manage those containers.

28th October: Challenger secure communications business Zivver announced it has raised $17m in new funding, taking its total to date to over $30m. The Amsterdam-based business will use the funding to expand internationally, including into the UK. It is also intended to enable the expansion of Zivver’s platform from email data protection and secure file transfer to encompass digital signatures, secure forms and secure video.

28th October: Tel-Aviv start-up Enso Security, which is building a new application security posture management platform, raised $6million in a seed funding round led by YL Ventures, with participation by Jump Capital.

27th October: Theta Lake has raised $12.7m in Series A funding, bringing its total to $20m. The California-based modern collaboration security and compliance solutions provider will use the capital to “Invest in its patented and award-winning product, while increasing its service delivery capabilities for organizations to protect their data and employees while adhering to regulatory compliance requirements when using their collaboration tools from any physical location, device or network.”

27th October: Denver application security start-up StackHawk raised $10m in Series A funding. The round was led by Sapphire Ventures and included return seed backers Foundry Group, Costanoa Ventures, Flybridge Capital, and Matchstick Ventures. The company intends to use the funds to continue product development, invest in go-to-market teams, and continue to support ZAP, the open source project that the company’s platform is built upon.

27th October: Toka, the cyber capacity-building company, announced it raised a $25 million Series B funding round. The funding will be used to further Toka’s efforts to develop cutting-edge and lawful intelligence-gathering platforms and products and advise governments on building an integrated cyber defence.

27th October: Strider Technologies, developer of a software toolset enabling organisations to identify, assess and remediate economic statecraft risk, announced a $10m Series A funding round “to combat nation-state directed IP theft and supply chain risks”. The company says it will use the funding to drive forward research and development, introduce new data modules and features and roll out a new data-driven product.

26th October: Cloud security start-up Sonrai Security raised $20m in Series B funding. It plans to use the new investment to accelerate its product research and development as well as global sales and marketing activities for Sonrai Dig, the company’s identity and data governance platform.

23rd October: Giant telecoms company Telefónica has combined its cybersecurity and other investments into a single entity, Telefónica Tech Ventures, and is looking for new ideas to fund with up to €6 million.

21st October: Data security company Decentriq, which offers a cloud-based platform, announced a $3.8m seed round led by btov Partners, with significant participation from Paladin Capital Group and existing investor Atlantic Labs.

19th October: London-based start-up Pimloc announced that it has raised £1.4m in seed funding for its deep learning-based solutions for video security and data privacy. The funding round was led by Amadeus Capital Partners, with additional investment in Pimloc coming from Speedinvest and other

Want to tell us about your deal? Email our Head of Editorial Carl Brown at carl@grcworldforums.com


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