Security Trailblazers secure more funds



As Infosecurity Europe 2019 opens at Olympia, it’s important to realise how vital it can be for start-ups to attain the kind of coverage which can lead to opportunities to raise funds. This year there is a “Start-up Zone” with 12 firms hoping to catch the eye of investors and customers alike.

The Tech Trailblazers Awards (TTA) have also been a feather in the cap for fledgling firms and the TTA team will be at Infosec to see what innovation is happening in the world of information security. Last year’s winners¬† and runners up in the Security category have now raised a total of $160 million since July 2017.

The winner of the 2018 Security Trailblazers Award was Aqua Security who provide solutions to protect container-based, serverless, and cloud native applications. In April 2019, they managed to secure a Series C round of $62 million from investors Insight Partners and the existing investors: Lightspeed Venture Partners, M12, TLV Partners, and Shlomo Kramer. This brings their total fundraising to over $100 million.

All of the runners up have also enjoyed some fund-raising success. Snyk, which produces a developer-first solution that automates finding and fixing vulnerabilities in open source codebases including the dependencies, managed to close their third round of funding – a Series B investment of $22 million. This brings their total to $32 million since July 2017.

Balbix Inc, who produce a platform called BreachControl platform which helps enterprises avoid breaches by providing continuous and real-time risk prediction as well as offering proactive control of breaches through a prioritized list of mitigation actions and pushed set of prescriptive fixes, concluded a second round of funding for a Series B investment of $20 million, giving a total of $28.6 million.

Even Cynation, who didn’t receive any financial investment, gained a round of non-equity assistance to help with expanding. They are currently looking at hiring another ten employees to increase the team, including software engineers, DevOps engineers, and a cyber security consultant. The firm offers CyCheck, a scanning tool which automates the discovery of security flaws within your network perimeter, and CyDesk to give organisations ongoing, real-time visibility of risk-exposure from their supply-chain or third-party eco-systems.

So it remains to be seen which of the young, keen companies in the Start-up Zone at Infosec will be celebrating similar success this time next year. Good luck to them all!