STARTUPS
The startup grid
It’s been an interesting month in finance for startups, disruptors and unicorns in cybersecurity. Using the GlobalData deals database, Verdict presents a summary of six startups founded in the past five years that have stood out this year, hopefully paving the way to a safer and more private online future for all of us.
Nanolock
Founded:
2016
Funding to date:
$20m
Mission:
Protecting connected and internet of things (IoT) devices against cyber attacks.The Israel-based security firm has secured $1m in Series B venture funding from OurCrowd, HIVE2040, Atlantica Sistemi Srl (Atlantica Group) and AWZ Ventures Inc.
Deduce
Founded:
2019
Funding to date:
$17.3m
Mission:
Deduce, Inc., a US-based provider of cybersecurity, identity and access management software, has secured $10m in Series A venture funding led by Foundry Group Angels with participation from True Ventures. Deduce will use the proceeds to support the launch of its latest product, Deduce Insights, a platform that acts as “cybersecurity radar” to give early warning of fraudulent behaviour.
Mitiga
Founded:
2019
Funding to date:
$27.2m
Mission:
Incident Readiness and Response in the cloud and hybrid environments. Mitiga Ltd, an Israel-based cloud-based solution for Incident Readiness and Response in cloud and hybrid environments, has secured $25m in Series A funding. The Mitiga Series A was led by ClearSky Security, Atlantic Bridge and DNX. The startup says it will use the funds to continue to disrupt the market for delivery of incident readiness and response, as well as significantly increasing its cybersec, engineering, sales and marketing staff.
Hive Pro
Founded:
2019
Funding to date:
$3m
Mission:
Taking a long hard look at your vulnerabilities so you can bolster your defenses. Hive Pro Inc, a US-based cybersecurity company specializing in Predictive Vulnerability Analytics (PVA) solutions centered on the four pillars of prevent, detect, respond and predict, has secured $3m in seed funding. The round was led by Simpra Holdings.
Elisity
Founded:
2018
Funding to date:
$33.5m
Mission:
A new security paradigm that combines Zero Trust Network Access and an AI-enabled Software Defined Perimeter. Elisity, Inc., a US-based provider of platforms for identity and behaviour-based enterprise cybersecurity, has secured $26 million in a Series A funding round co-led by Two Bear Capital and AllegisCyber Capital, with participation from Atlantic Bridge. Elisity intends to use the funds to meet the enterprise demand for its cloud-delivered cybersecurity platform that can analyze the unique identity and context of people, apps, and devices.
Aiden Technologies
Founded:
2020
Funding to date:
$2.9m
Mission:
Bringing deep experience and fresh energy to solve IT’s tenacious threats. Aiden Technologies Inc, a US-based fully-automated software deployment, patch management, and compliance solution, has raised $2.9m in seed round of venture funding led by Right Side Capital Management with participation from Congress Avenue Ventures, SAJE Investments, Gaingels, Richard A. Clarke, Alexsis de Raadt St James, Chris Wysopal, and Anthony Johnson. The investment will allow Aiden to leverage artificial intelligence to ensure that every Windows endpoint is consistently kept up to date and secure, bridging the gap between IT and cybersecurity.
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