Top Cybersecurity Funding and Investments to Look Out for in 2021

Cybersecurity is attracting more attention than ever. Not just in headlines but also among policymakers, business leaders, academics, and the public. With the growing dependence on technology, successful cyberattacks are becoming more common. Cybercriminals keep themselves updated with the latest technological developments and find loopholes to attack smoothly. The escalating problem of cybersecurity has led to several companies developing and investing in new cybersecurity tools.

Analytics Insight presents the top cybersecurity funding and investments made in Q2 of 2021.

Netskope 

Amount Raised: US$300M

Transaction Type: Not specified

Key Investor(s): Lightspeed Venture Partners, Sapphire Ventures, and others

It is a software company that helps organizations understand online activities, protect data, stop and respond to cyber threats. The company provides governance of all cloud usage in the enterprise and protects threats in cloud applications, cloud infrastructure, and the web.

Deep Instinct

Amount Raised: US$67M

Transaction Type: Series D

Key Investor(s): Chrysalis Investments

Deep Instinct is a cybersecurity company that uses deep learning technology in its services. Its solutions protect against zero-day threats and APT attacks with unmatched accuracy. It safeguards the enterprise's end-points against any threat, whether or not it is connected to the internet.

Deduce

Amount Raised: US$10M

Transaction Type: Series A

Key Investor(s): Foundry Group and True Ventures

Deduce provides real-time analytics to protect businesses and their customers from unauthorized account access, data leakage, and identity fraud. The company uses risk algorithms and behavioral analytics across the most comprehensive network of consumer identity data. It empowers its clients to harness the value of collective identity based on threat intelligence and cybersecurity.

Illumio

Amount Raised: US$225M

Transaction Type: Series F

Key Investor(s): Hamilton Lane, Thoma Bravo, and others

Illumio is a cloud security company that stops cyber threats from unauthorized communications through adaptive segmentation. The company is run by veterans with deep experience in virtualization and networking and provides a SaaS platform as enforcement against cyberattacks.