Nozomi Networks announced a $100 million Series E funding round to help accelerate innovative cyber defenses and expand cost-efficient go-to-market expansion globally. This latest round includes investments from Mitsubishi Electric and Schneider Electric. They join a growing list of OT original equipment manufacturers (OEMs) who have invested in Nozomi Networks, including previous investors Honeywell and […]
Artificial Intelligence & Machine Learning , Next-Generation Technologies & Secure Development Firms Get $1 Million Funding to Develop System to Automatically Fix AI Bugs Rashmi Ramesh (rashmiramesh_) • March 12, 2024 The Defense Advanced Research Projects Agency awarded seven small businesses contracts to develop a cyber reasoning system. (Image: Shutterstock) The United States […]
California-based cybersecurity startup Reach Security has pulled in $20 million from a Series A funding round, which will be used toward the development of tools that would help organizations navigate cybersecurity solutions and strengthen network visibility, SecurityWeek reports. Reach Security, which seeks to provide insights from threat intelligence, cybersecurity product configurations, and security incidents, has touted having […]
Zama, a Paris-based startup, has raised $73 million in a Series A funding round to develop and commercialize homomorphic encryption technology for blockchain transactions and AI data exchange.
Defense Unicorns has raised a $35 million Series A funding round led by Sapphire Ventures and Ansa Capital. Founded by early leaders of the Department of Defense’s software factories – a grassroots Air Force initiative turned mandate to accelerate secure, agile software development practices – Defense Unicorns enables continuous delivery of software and AI applications […]
The cybersecurity sector recorded 346 funding rounds and 91 mergers and acquisition (M&A) transactions in 2023, according to cyber recruitment firm Pinpoint Search Group. This equals 437 cyber deals in total and a 40% increase from 2022, which saw 303 deals signed in the sector. However, the overall cyber investment raised in 2023 only amounted […]
WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced up to $70 million in funding to support research into technologies designed to increase resilience and reduce risks to energy delivery infrastructure from a variety of hazards, including cyber and physical threats, natural disasters, and climate-change fueled extreme weather events. This new competitive funding […]
The US Department of Energy has announced a $70 million funding opportunity for electric cooperative, small investor-owned, and municipal utilities to improve their cybersecurity posture. Offered as part of President Biden’s Bipartisan Infrastructure Law, the funding is meant to enhance the resilience of the energy grid against more frequent and increasingly sophisticated cyber threats. The […]
While the number of cybersecurity funding deals reached a high point in 2022, that doesn’t mean that the sector’s tapped out — far from it. According to Statista, there were 148 deals in Q2 2023 worth a combined $1.6 billion. And — at least anecdotally — Q3 deal flow seems healthy, too. Case in point, […]
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