Signifyd inks $7 mln Series A

San Jose, California-based Signifyd, a provider of fraud protection solutions for the e-commerce sector, has secured $7 million in Series A funding. Allegis Capital led the round with participation from Resolute Ventures, IA Ventures, QED Investors, Lucas Ventures and Tekton Ventures. In addition to the funding, Pete Bodine, managing director at Allegis Capital, has been appointed to Signifyd’s board of directors.


Allegis Capital leads Series B round for RedOwl

RedOwl, a provider of insider risk management and security analytics, has secured $17 million in Series B funding. Allegis Capital led the round. In conjunction with the funding, Robert Ackerman, founder and managing director of Allegis Capital, has been added to RedOwl’s board of direcdtors.


Allegis closes on initial $100 mln for sixth fund

Allegis Capital has closed on an initial $100 million of capital for a sixth fund that it says will focus exclusively on cyber-security investing. The venture firm said its target for the fund is $150 million.

BodyGuardz appoints new CFO

BodyGuardz, a device protection solutions provider, has named Kendall Cooper as its new chief financial officer. Cooper is a former CFO and chief compliance officer of Allegis Capital.


GGV Capital, Icon Ventures lead $25 mln funding in Synack

GGV Capital and Icon Ventures (formerly Jafco Ventures) have co-led a $25 million Series B funding round in Synack, an online security startup. Other participants in the funding round include Kleiner Perkins Caufield & Byers, Google Ventures, Greylock Partners, Allegis Capital, Derek Smith, chief executive of Shape Security, Ray Rothrock, CEO of Redseal Networks and Timothy Eades, CEO of vArmour. Synack has raised a total of $34 million to date. Glenn Solomon, managing partner at GGV Capital, and Tom Mawhinney, GP at Icon Ventures, will join Synack’s board of directors.

VC-backed IMVU hires product SVP

IMVU has named Stewart Bonn as senior vice president of product. Prior to joining IMVU, Bonn worked at If You Can where he served as chief product officer. Based in Mountain View, Calif., IMVU connects users through customizable avatar-based experiences. It is backed by Menlo Ventures, Allegis Capital, Bridgescale Partners and Best Buy Capital.


Area 1 Security bags $2.5 mln in seed funds

Area 1 Security has closed $2.5 million in seed funding. The investors included Ted Schlein of KPCB, Cowboy Ventures, Data Collective, First Round Capital, Allegis Capital, Shape Security CEO Derek Smith and RedSeal Networks CEO Ray Rothrock. Based in Menlo Park, Calif., Area 1 Security is a provider of cyber security solutions.

KPCB leads Series A round for Synack

Synack said Thursday that it has closed $7.5 million in Series A funding. Kleiner Perkins Caufield & Byers led the round with participation from Google Ventures, Greylock Partners, Allegis Capital and Shape Security CEO Derek Smith. Based in Menlo Park, Calif., Synack is a provider of security testing solutions.


Top security investors include unexpected names — VCJ

Security investing continues to run at high throttle, affiliated publication VCJ reports. Overall venture dollars committed to security startups dipped slightly last year, but still broke the $1 billion mark, according to data from Thomson Reuters.


Platfora nets $38 mln

Platfora said Wednesday that it has raised $38 million in funding. Tenaya Capital led the round with participation from Citi Ventures, Cisco, Allegis Capital, Andreessen Horowitz, Battery Ventures, Sutter Hill Ventures and In-Q-Tel. Based in San Mateo, Calif., Platfora is a provider of big data analytics solutions.


What’s driving the surge in cyber security investing

A major increase in cyber security innovation – coupled with a growing number of lucrative exits — is fueling investor interest in the sector. The expansion is likely to continue as the mounting frequency, severity and costs of corporate breaches leave enterprises little choice but to boost security spending.

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget