Ugly Duckling Ventures’ Post

In your cyber security strategy? Who Watches the Watchmen? Oneliner of the DAY!

ThreatLocker has secured $115 million in a Series D funding round led by General Atlantic, with additional investments from StepStone Group and the D. E. Shaw group. This funding will bolster ThreatLocker's efforts to innovate and expand its Zero Trust security solutions globally. The company aims to enhance its product offerings, which include advanced endpoint protection and threat detection tools, to provide more robust cybersecurity for organizations. CEO Danny Jenkins expressed confidence that this investment will drive significant growth and enable ThreatLocker to further secure businesses against sophisticated cyber threats. https://lnkd.in/e47eaXDD #CyberSecurity #Funding #ZeroTrust #TechNews #EndpointProtection #ThreatDetection #Innovation #Startups #Investing #TechFunding #UnderstandingEnterpriseTech #EnterpriseTechnologyNow #EnterpriseTechnologyToday

David Krebs and Alexander Rau, KPMG Canada, recently presented during Growth Compass ScaleUp Week, where entrepreneurs and business leaders gathered to share ideas on achieving and sustaining high-growth. Learn strategies tailored for scaling businesses to prepare and respond to cyber incidents: https://bit.ly/4e2Oiy8 #MTSpeaks #MTCybersecurity #Tech #StartUp #Cybersecurity

Next week, the Hugin team is heading to Finland to attend Slush 2024 – one of the most influential events for startups and tech innovators. We’re looking forward to engaging with industry leaders and entrepreneurs, and discussing how we can make cybersecurity simpler and more effective for growing businesses. We’re excited to connect with potential partners, investors and forward-thinking entrepreneurs who share our mission of making cybersecurity accessible for all. With a focus on collaboration and knowledge sharing, we look forward to gaining insights and discussing the latest trends in the cyber landscape. #Slush2024 #effortless #cybersecurity #smb

🚨 Major Funding News! ETHIACK Secures €4M in Seed Funding – A Defining Moment for Startup Wise Guys’ Cybersecurity Portfolio 🔒 ⚡️ ETHIACK is revolutionizing cybersecurity with AI-powered Hackbots—cutting-edge tools that deliver non-stop, proactive ethical hacking to uncover vulnerabilities at scale and safeguard critical systems 24/7. 🧠💻 💪 This funding is more than just a number—it's a launchpad for Ethiack’s global expansion and a validation of their relentless dedication and groundbreaking tech. 🙌 We’re honored to be part of their journey as they continue to shape the future of cybersecurity. Congratulations on this major achievement to Jorge Monteiro and the incredible Ethiack team. Your success is a shared celebration for everyone who believed in your vision. 🚀 📖 Read more about Ethiack’s journey here https://lnkd.in/dtMkFGmJ #StartupWiseGuys #portfolio #success #ethical #hacking #cybersecurity #funding #majornews #growth #acceleration #team

At Elevator Ventures, we believe post-quantum authentication solutions are redefining how financial institutions combat cyber threats. That’s why we invested in Wultra—a company dedicated to addressing the most critical challenges in securing financial institutions against future threats. Wultra’s robust technology stack and advanced development capabilities empower institutions to stay ahead in the ever-evolving field of cybersecurity. Today, we're excited to announce that Wultra has secured €3M to scale their vision out of CEE to the world. 🚀 A huge shoutout to Wultra’s founder, Petr Dvorak, and the entire team, whose dedication made this vision a reality. We are happy to support their journey alongside Tensor Ventures and J&T Ventures. Congrats to our colleagues, Suleiman A, Noémi Szabó, and Ariel Rosenberg who worked on closing this deal to support a more resilient financial ecosystem. Read more about the reasoning behind our newest investment here: https://lnkd.in/dYTH9_5Q #ElevatorVentures #WeElevateYourGrowth #Cybersecurity

We’re thrilled to share that Acubed.IT is actively participating in Plexal’s Cyber Runway Scale Programme, the UK’s largest cyber accelerator, supported by the Department for Science, Innovation and Technology (DSIT). Being one of the 17 selected companies has been an incredible journey so far, with Acubed.IT actively engaging in sessions focused on growth, collaboration, and scaling in cybersecurity. These sessions have provided invaluable insights into scaling, raising funding, and addressing challenges like market expansion and legal complexities. They’ve helped us refine our strategies, broaden our market reach, and highlight the vital role of partnerships in driving growth. We’re excited to continue developing alongside some of the brightest minds in cybersecurity including Overe.io, Cyber Tzar, Tenacium DC, and Cydea, to name just a few. A huge thanks to Alan Every, Rosie C. and Robert Kearney for their outstanding support and for creating such a collaborative environment. We’re excited to see where this journey takes us next! #CyberRunway #CyberSecurity #Plexal #Scale #Innovation #AcubedIT

"After months of hard work, I'm thrilled to finally announce the launch of my cybersecurity startup RedCyberfox ! We’re here to empower others with innovative security solutions, and I couldn't be more excited about the road ahead. Thanks to my partner Rushikesh Hapse who has supported me along the way—this is just the beginning! #Cybersecurity #Entrepreneurship #DigitalSecurity #NewBeginnings"

🚨 Big news in the cybersecurity space! 🚨 Singapore-based cybersecurity startup watchTowr has just raised US$19 million in a Series A funding round led by Peak XV Partners, with continued support from Prosus Ventures and Cercano Management. This brings watchTowr's total funding to US$29 million. Founded by hacker-turned-entrepreneur Benjamin Harris in 2021, watchTowr helps organisations continuously monitor their external attack surface, identifying high-impact vulnerabilities in real time—through the eyes of sophisticated attackers. With the rise of cyber threats, its platform is crucial for businesses, especially critical infrastructure and Fortune 500 companies. This latest funding will accelerate watchTowr’s global growth as they expand their go-to-market, research, and engineering teams. 🛡️ #CyberSecurity #FundingNews #TechInnovation #Startups #SingaporeStartups #watchTowr #PeakXVPartners #ProsusVentures #GlobalGrowth https://lnkd.in/gRUiG5ym

Great to see cybersecurity funding increasing with $4.4 billion invested in Q2 across 153 deals, representing a 144% YoY increase. There has been fewer but larger deals, including significant rounds like Wiz's $1 billion and Cyera's $300 million. Investors are optimistic about the continued growth of the cybersecurity market, supporting strong startups poised to challenge established security giants, despite the market not fully recovering yet. Link to the article in comments Marston Search #Cybersecurity #Funding