Explore the list of cybersecurity companies raised funds to deliver enhanced security solutions

Cybersecurity has become a key priority of every business' policy as cyber risks are continuously becoming a day-to-day struggle for organizations. The recent years have seen an amplified rise of cyberattacks threatening businesses' IT operations and entire business processes as well. Essentially, cybercriminals exploit individuals and firms who pay less heed to cybersecurity. Many forward-looking organizations are exploring the best of security solutions for their cyber activities and to secure sensitive data, valuable assets, and others. With the growing demand for security technologies, the evolution of cybersecurity firms is also on the rise.

Here's a look at the top cybersecurity funding and investment in November 2020.

SentinelOne

Amount Raised: US$267 Million

Transaction Type: Series F

Key Investor(s): Tiger Global Management

SentinelOne, California, U.S. based autonomous endpoint protection provider, raised a gigantic amount of US$267 million in Series F funding round. The round was led by Tiger Global Management, with participation from Sequoia Capital Global Equities and existing investors including Insight Partners and Third Point Ventures. This whopping capital will enable SentinelOne to continue stimulating hypergrowth driven by demand for its Singularity XDR Platform. The company aims to shape the future of endpoint security with an integrated platform that combines behavioral-based detection, advanced mitigation, and forensics to stop threats in real-time.

Cato Networks

Amount Raised: US$130 Million

Transaction Type: Series E

Key Investor(s): Lightspeed Venture Partners

A converged SD-WAN and network security platform provider Cato Networks received US$130 million in a Series E funding round to continue it's hiring, developing its infrastructure and expanding marketing. The round was led by Lightspeed Venture Partners, with participation from new investor Coatue and existing investors Greylock, Aspect Ventures/ Acrew Capital, and Singtel Innov8. Aligned with Gartner's Secure Access Service Edge (SASE) framework, Cato Cloud connects all data centers, branches, mobile users, and cloud resources into an agile and secure global network.

Menlo Security

Amount Raised: US$100 Million

Transaction Type: Series E

Key Investor(s): Vista Equity Partners

Menlo Security, a cybersecurity company provides a cloud-based isolation platform to protect organizations from cyberattacks, raised US$100 million in a Series E round. Led by Vista Equity Partners, with contributions from Neuberger Berman, General Catalyst, JP Morgan and existing investors, the company's total valuation has reached over US$260 million. This fresh capital will fuel Menlo Security's market expansion and empower it to scale go-to-market capabilities. The fund will also provide increased investment in engineering to expedite product delivery and category expansion.

Fireblocks

Amount Raised: US$30 Million

Transaction Type: Series B

Key Investor(s): Paradigm

Fireblocks, a Blockchain security service provider for moving, storing, and issuing digital assets, secured US$30 million in a Series B funding round. The round was led by Paradigm, a crypto asset investment firm with additional participation from existing investors Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG) and Cedar Hill Capital. Since its inception in June 2019, Fireblocks has reportedly facilitated the transfer of over US$150 billion in digital assets for enterprise and institutional customers in Asia, Europe and North America.

Isovalent

Amount Raised: US$29 Million

Transaction Type: Series A

Key Investor(s): Andreessen Horowitz and Google

Isovalent, a cloud-native networking company that builds open-source cloud-native networking software to solve networking, security, and observability for modern infrastructure, raised US$29 million in a Series A round. Led by Andreessen Horowitz and Google, the company aims to bring networking into the cloud-native era. Isovalent also officially launched its Cilium Enterprise platform, which was in stealth until now to support enterprises to connect, observe and secure their applications.

TEHTRIS

Amount Raised: €20 Million (US$23 Million)

Transaction Type: Series A

Key Investor(s): Ace Management, Open CNP and others

TEHTRIS, a cybersecurity expert founded in 2010, closed a €20 million in a Series A funding round led by Ace Management, Open CNP, Corporate Venture CNP Assurances, Nouvelle-Aquitaine Co-Investissement, business angels. The company develops and delivers an XDR platform (eXtended Detection and Response) enabling real-time, automated detection and neutralization of known and unknown digital threats in corporate infrastructures. TEHTRIS products safeguard enterprises, from multinationals to small businesses and are easy to deploy.

Tailscale

Amount Raised: US$12 Million

Transaction Type: Series A

Key Investor(s): Accel

Tailscale is a WireGuard-based company that builds a corporate VPN alternative, sealed US$12 million in a Series A funding round led by Accel. The company develops a better corporate VPN by leveraging a modern protocol and focuses on ease of implementation, aiming to make private networks easier to build and maintain. Launched in 2019, Tailscale has been serving tens of thousands of customers a month, including DC Energy's trading markets and Oxide's bare metal business.