Steve Morgan’s Post

San Francisco-based cybersecurity startup Abnormal Security closed a $250 million Series D, valuing it at $5.1 billion. Led by Wellington Management, the round saw participation from Greylock Partners, Menlo Ventures, Insight Partners, and Falcon Fund. This valuation is a 28% increase from its $4 billion valuation in May 2022. Founded in 2018, Abnormal leverages machine learning and AI to prevent attacks and find compromised accounts in email and connected applications. With nearly $546 million raised, the startup recently surpassed $200 million in annual recurring revenue. Cybersecurity funding rebounded strongly in Q2 2024, with $4.4 billion invested, a 63% increase from Q1. #AbnormalSecurity #Cybersecurity #SeriesDFunding #Valuation #StartupSuccess #TechFunding #InnovationInSecurity #StartupCompany #StartupIndiaSummit2024 #EPNews

**Cybersecurity Startup Abnormal Security Raises $250M at $5.1B Valuation** Abnormal Security, a cybersecurity startup, has secured $250 million in funding, valuing the company at $5.1 billion. The company uses AI-based technology to detect and prevent attacks on organizations. The funding round was led by Wellington Management, with participation from existing investors such as Greylock Partners, Madrona Venture Group, and Wing Venture Partners. Abnormal Security's technology claims to identify and stop attacks that traditional security systems miss. The company plans to use the funds to expand its team and further develop its technology. #Cybersecurity #Funding #AI #Startups #WellingtonManagement Source: https://lnkd.in/g33YEdhd Update Date: 10 hours ago

In 2023, 30 percent of all #cybersecurity seed rounds in the Israeli ecosystem were raised by experienced cybersecurity founders who got back into the game for their second or third #startup journey. YL Ventures' Senior Partner, Ofer Schreiber, provides commentary to TheMarker on how these seasoned #entrepreneurs are approaching the increasingly saturated and competitive industry, and how #consolidation will be the operative word in our industry for the near future. Read more, here (Hebrew): https://hubs.la/Q02xKxNR0

Ransomware Defense Startup Mimic Raises Hefty $27M Seed Round A new Silicon Valley startup called Mimic is coming out of the shadows with a hefty $27 million seed-stage funding round and ambitious plans to disrupt the ransomware detection and recovery business. Mimic said its technology is exclusively focused on thwarting the threat from ransomware gangs with features to quickly detect signs of malicious data-encryption and tools to hide critical assets from attackers. The company is also touting a recovery feature that swiftly and automatically restores an organization’s most critical applications and data to a clean environment within 24 hours without paying a ransom. https://lnkd.in/eaWkAhXW

#fundingalert 💼Company: Vorlon 💰Funding: Undisclosed Amount ⚡Round:  Series A 👥Investors: Accel, Shield Capital Vorlon was founded in 2022 by Amir Khayat and Amichay Spivak who hold a combined 35+ years of cybersecurity experience. Prior, they developed and sold a Security Orchestration Automation and Response platform called Demisto (now branded XSOAR) which was acquired in 2019 by Palo Alto Networks in its third largest acquisition to date. After raising series A round the total $15.7 million in capital funding. total funidng is use to further its efforts to help CISOs and their security teams proactively secure the third-party APIs their organization consumes. Amir Khayat, Steve Loughlin, Raj S., Amichay Spivak, Netta Drimer, Alex 🍯 Yakubov, Adam Burt, Carl Elsinger Read more - https://lnkd.in/g8rUYxrh To share your startup story write us on - contact@startuprise.io #Vorlon #cybersecurity #proactively #acquisition #funding #startupnews #fundingnews #news #startuprise

Singapore's cybersecurity firm watchTowr has successfully raised $20 million in its Series A funding round, as reported by DealStreetAsia. Leading the investment is prominent venture capital firm Peak XV Partners, solidifying their commitment to supporting innovative security solutions. This article offers insights into the strategic moves of watchTowr in the ever-evolving field of cybersecurity. https://lnkd.in/e8dP4REg #cybersecurity

#fundingalert 💼Company: Bleach Cyber | Techstars ‘23 💰Funding: $2Million ⚡Round: Pre-Seed 👥Investors: Don Douglas, Scott Nicholson, Nick Santora, Sam Murdoch, and Bill Tyndall supported Everywhere Ventures , The Fund Austin, Rain Tree Roots Capital, BlueWing Ventures, Concept Ventures, Tynrose, and Acadian Capital Ventures. Bleach Cyber is a cutting-edge cybersecurity platform designed specifically for small and medium-sized businesses (SMBs) and startups. It improves operational cybersecurity, builds consumer confidence, and assists CISOs in strengthening their corporate supply chains. The money will be used by the business to grow both its operations and growth initiatives. Bleach Cyber, co-founded in 2022 by CEOs Craig Goodwin 🔥 and Steve Daniels, offers a simplified, one-stop solution for managing cyber security across apps and networks, as well as assistance in managing security and compliance for startups and small enterprises. Andrew Peterson Read more - https://lnkd.in/g-NykjcZ To share your startup story write us on - contact@startuprise.io #BleachCyber #cybersecurity #businesses #funding #fundingnews #news #startup #startuprise #startupnews

Looking at Startup Valuation Trends in ECF by Industry 📊 📈 Chart of the Week: Our latest analysis looks into startup valuations in Equity Crowdfunding. Discover how startups fare against industry benchmarks and the prevalence of overvaluation. 💼 Pitch Review: Gryphon Online Safety - Revolutionizing cybersecurity with advanced WiFi systems. A company demonstrating significant market traction and innovation. Subscribe to our newsletter for more insights, interesting deals, and analysis: https://buff.ly/3TRSmdp #StartupValuation #ECF #Cybersecurity #AlternativeInvestments #VentureCapital

Too often, startup founders are forced to triage their time, energy, and resources. Don’t make the mistake of skipping cybersecurity altogether — whether you’re in the pre-seed phase or a growth stage, it’s always better to do what you can. Get more of our expert tips in this guest post for No Code Founders: https://hubs.ly/Q02rp_r90 #NoCodeFounders #CybersecuritySolutions #Startups

LATEST FUNDING + M&A IN CYBERSECURITY WEEK OF 04/15🎉 Anvilogic secures $45M in Series C Funding | Founded in 2019, Anvilogic is a multi-data platform SIEM that is used by Enterprise SOC teams to force multiply their ability to detect, investigate, and hunt. This brings their total funding to $85M. The round was led by Evolution Equity Partners, with participation from Foundation Capital, Cervin, Myriad Ventures, Point72 Ventures, Outpost Ventures, StepStone Group, and G Squared. Congrats to Karthik Kannan, Deb Banerjee, James Hill & the rest of the Anvilogic team. Vorlon secures $15.7M in Series A Funding | Founded in 2022, Vorlon allows for the continuous, near real-time detection and identification of third-party applications that are using users data. The round was led by Accel, with participation from Shield Capital. Congrats to Amir Khayat, Amichay Spivak & the rest of the team. BreachRx secures $6.5M in Seed Funding | Founded in 2018, BreachRx is the first intelligent incident response platform that provides operational resilience for the entire enterprise. The round was led by SYN Ventures with participation from Overline. Congrats to Anderson Lunsford, Matt Hartley & the rest of the team. VulnCheck secures $4.75M in Funding, closing their Seed round at $7.95M | Founded in 2022, VulnCheck is a cyber threat intelligence platform that provides exploit and vulnerability intelligence directly into the tools, processes, programs, and systems that need it to outpace adversaries. The latest investment includes participation from Sorenson Capital. Congrats to Anthony Bettini & the rest of the team. BeyondTrust agrees to acquire Entitle | This is BeyondTrust's 1st acquisition since Clearlake Capital Group's investment in 2021. Entitle was founded in 2021, and had raised $15m with Glilot Capital Partners. Congrats to all involved! 🚀 #venturecapital #cybersecurityfunding #cybersecurityacqusitions #startups #cybersecurity #cyber