According to Silicon Angle, this significant injection of capital is spearheaded by Altimeter Capital Management LP, with notable participation from Point72 Ventures LLC, marking a new milestone for the company founded in 2020.
Scrut Automation, GRC platform, has announced today that it secured $10 million in growth capital from its existing investors, including Lightspeed, MassMutual Ventures, and Endiya Partners. The funding will be utilized to enhance platform capabilities, integrate generative AI for risk and compliance teams’ efficiency, and expand into North American and European markets. With this latest […]
Capital Health, a prominent healthcare organization based in New Jersey, recently faced a significant cybersecurity incident resulting in network outages towards the end of November 2023. Visitors to the organization’s website were immediately greeted with a ticker acknowledging the cyberattack on Capital Health, stating, “Capital Health recently experienced network outages due to a cybersecurity incident.” […]
Venture capital investments in cybersecurity firms keeps shrinking with less capital raised and fewer deals compared to the year prior, according to Crunchbase data released Thursday. Cybersecurity startups raised almost $1.9 billion during the third quarter, marking a 30% drop from the $2.7 billion raised in the year-ago period. The 153 deals in the quarter […]
Darwinium, a San Francisco startup in the fraud prevention space, has nabbed $18 million in new capital to build technology to help businesses deal with the deluge of bots, scams and online abuse. The company, which has roots in Australia, said the $18 million Series A round was led by U.S. Venture Partners (USVP). Darwinium’s […]
Venture capital firm SYN Ventures announced this week the first closing of a $75 million cybersecurity seed fund, which the company describes as “the largest cyber seed dedicated fund domiciled in the United States”. The new Seed Fund I brings the firm’s total assets under management to more than $600 million. The final closing is […]
Texas startup HiddenLayer has bagged a hefty $50 million in new venture capital funding as investors continue to pour money into new technologies to protect the code flowing in and out of AI and LLM training sets. HiddenLayer, which emerged from stealth in July 2022 with $6 million in funding, said the latest financing was […]
Deduce has raised $9 million in funding led by Freestyle Capital, with additional investment by Foundry and True Ventures. The funding will launch Deduce’s GenAI Identity fraud solution out of stealth and help the company scale to prevent large-scale SuperSynthetic identity fraud across multiple verticals, including the financial service industry, fintech, and e-commerce. The rise […]
Israeli security startup Zenity has landed $16.5 million in new venture capital funding to work on technology to secure the ‘low-code/no-code’ dev ecosystem. Zenity said the Series A financing was led by Intel Capital and included new investors from Gefen Capital and B5. Existing backers Vertex Ventures and Upwest also expanded equity stakes. The company […]