Two cybersecurity vendors that recently boasted of raising hundreds of millions of dollars at unicorn valuations have confirmed staff cuts as the turmoil in the capital markets start to wreak havoc on late-stage startups.
Vendor security assessment company Whistic on Tuesday announced that it has raised $35 million in Series B funding, which brings the total investment in the company to $51 million.
The new funding round was led by JMI Equity, with participation from Album VC, Emergence Capital, Forgepoint Capital, and FJ Labs.
Technology giant IBM has announced plans to acquire early-stage attack surface management startup Randori in a deal that signals a major expansion of Big Blue’s cybersecurity ambitions.
Apple says its App Store fraud prevention mechanisms last year stopped potentially fraudulent transactions totaling roughly $1.5 billion.
Throughout 2021, the company prevented more than 3.3 million stolen credit cards from making purchases in the App Store, and banned nearly 600,000 accounts from ever transacting again.
Ten Eleven Ventures has joined a growing list of cybersecurity-focused venture capital firms raising new funds to invest in startups solving information security problems.
Venture capital powerhouse Sequoia is leading a massive $50 million early-stage investment in Chainguard, a startup created by a team of ex-Google software engineers to “make software supply chain secure by default.”
Fresh off a $300 million funding round and a billion-dollar valuation, security operations vendor ReliaQuest on Wednesday announced plans to acquire threat intelligence startup Digital Shadows in a deal valued at $160 million.
Devo Technology, a late-stage startup building technology for data logging and security analytics, has closed a new $100 million funding round that pushes its valuation in the $2 billion range.
Forgepoint Capital, a venture capital firm focused on cybersecurity investments, is pumping $10 million into an early-stage startup created to provide incident response services within the lucrative cyber-insurance ecosystem.
Bug hunters at Microsoft are calling attention to several high-severity vulnerabilities in a mobile framework used in pre-installed Android System apps, warning that exploitation could have allowed the implantation of a persistent backdoor on Android devices.
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