Scale leads funding in Stormpath

San  Mateo, Calif.-based Stormpath, a provider of secure customer identity API technology, announced it has raised $15 million in Series B round. Scale Venture Partners led the round, which included previous investors New Enterprise Associates and Pelion Venture Partners. The company has now raised about $25 million in total funding, including an $8.2 million Series A round in early 2013. As part of the latest round, Andy Vitus, a partner at Scale Venture Partners, has joined the board.


Security startup Twistlock emerges from stealth, announces seed funding

Twistlock, a provider of enterprise security services, announced it has raised $2.5 million in seed funding led by YL Ventures. Twistlock, which has offices in San Francisco and Tel-Aviv, Israel, was co-founded in January 2015 by Ben Bernstein and Dima Stopel. As part of the funding, Yoav Leitersdorf, managing partner for YL Ventures, has joined the board.


August Capital leads $17 mln funding of cloud security provider Palerra

Cloud security company Palerra announced it has raised $17 million in Series B funding led by new investor August Capital. Current investors Norwest Venture Partners, Wing Venture Capital and Engineering Capital also participated in the round. Palerra (formerly known as Apprity) emerged from stealth last November and has now raised $25 million in total funding. As part of the Series B funding, Vivek Mehra, general partner at August Capital, has joined the board.


Third Point leads $30 mln funding of cloud security provider Elastica

Elastica, a provider of cloud app security services, has raised a $30 million Series B round of funding. Third Point Ventures led the funding, which included Mayfield Fund, Telstra and Pelion Ventures. The San Jose, Calif.-based company previously raised a $6 million Series A round. As a result of the latest round, Robert Schwartz from Third Point has joined the Elastica board.


Year in review: Security breaches fueling more deals

A flurry of security fundings toward the end of 2014 helped to emphasize the point that the security sector is a hot one for VCs to invest in. No surprise, given the number of hacks that have occurred over the last year, including those involving retailers Target and Home Depot and most recently Sony Corp. […]


Area 1 secures Series A led by Kleiner Perkins

Cyber security startup Area 1 Security announced it has raised $8 million in Series A funding led by Kleiner Perkins Caufield & Byers. The Menlo Park, Calif.-based company, which aims to eliminate  targeted attacks, has now raised $10. 5 million in total funding, following a seed-stage round earlier this year. Joining Kleiner Perkins in the Series A are Allegis Capital, Cowboy Ventures, Data Collective, First Round Capital, RedSeal Networks CEO and former Venrock Partner Ray Rothrock, and Shape Security CEO Derek Smith. As part of the round, Ted Schlein, general partner at Kleiner Perkins, has joined the company.


Cloud security startup Evident.io raises $9.85 mln

Dublin, Calif.-based Evident.io, which provides security technology for Amazon Web Services, announced today that has raised $9.85 million in Series A funding led by Bain Capital Ventures. True Ventures also participated in the round. The company previously raised $1.5 million in seed-stage funding from True Ventures.


Audax to sell Tri-Ed to Anixter for $420 mln

Audax Group has agreed to sell Tri-Ed, a supplier of security and low-voltage tech products, to Anixter International for $420 million. The deal is expected to close near the end of the third quarter of this year.


Google Ventures leads funding of cybersecurity startup ThreatStream

ThreatStream, which provides a cloud-based platform to examine cybersecurity threats, announced it has raised a $4 million Series A round of funding. Google Ventures led the round, with participation from Paladin Capital Group and individual investors Tom Reilly, former CEO of ArcSight and current CEO of Cloudera, and Hugh Njemanze, former CTO and founder of ArcSight. Reilly, Njemanze and Google Ventures General Partner Karim Faris are on the board of ThreatStream.

Khosla, Fairhaven Back Cybersecurity Startup Cylance

Cylance came out of stealth today and announced it has raised $15 million in its first round of funding from Khosla Ventures and Fairhaven Capital. The company–founded last year by Stuart McClure, a former global CTO of McAfee–also named retired Admiral William J. Fallon to its board.

Security Startup Nok Nok Labs Already Knocked on VCs’ Doors

Nok Nok Labs, which develops authentication technology for the cloud, came out of stealth today and launched its product and services. The venture-backed company was founded by CEO Phillip Dunkelberger, who previously launched encryption company PGP Corp. He founded Nok Nok in 2011 and raised a $15 million Series A round that same year from ONSET Ventures and DCM.

The Cloud Aura Hangs Heavy at RSA Security Conference

Securing the cloud is one of the main themes everyone is talking about this week in San Francisco at the annual RSA Conference. Asheem Chandna, a partner at Greylock Partners; Bob Ackerman, managing director at Allegis Capital, and George Hoyem, partner at In-Q-Tel, all discussed the challenges and opportunities of providing security to the cloud. […]

Lookout Raises $19.5M to Support its Cloud-Based Threat Network

For the last several months I’ve beaten the drum over cloud computing and the dozens of startups in the sector raising money. Today, another cloud-related company has joined the chorus. San Francisco-based Lookout Mobile Security, which has built a cloud-based threat network to protect mobile phone users from security threats, announced that it raised a $19.5 […]

Calling All Security-Related Startups—Innovation Sandbox Wants You

What if a conference held a competition for startups, but got no entries? Fortunately, the chances of that happening for Innovation Sandbox—the half-day program that showcases startups and new security solutions at the RSA Conference—are slim, according to Paula Belikove, who founded the program. Although Belikove notes that the number of entries sent in so […]

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