Despite the global pandemic that shook the world, the last few months have seen thousands of billions of dollars invested in the world of Cybersecurity. As the pandemic stepped in, the need for cybersecurity increased immensely as a result of many companies shifting their gear towards remote work culture. The drastic increase in data and sensitive document transfers occurring in the cloud and the companies seeking increased protection against hackers and data breaches have paved the way for many new cybersecurity startups to capitalize on the opportunity. This has also opened up doors for venture capitalists that are all set with their new funding. That being said, here is our pick of the top cybersecurity funding in the last three months.
Transmit security
Transmit Security provides innovative authentication and risk management solutions to the largest enterprises in the world. From solving the most critical authentication and risk challenges across the entire organization to identifying and risk innovation, Transmit security has carved a niche for itself. This organization has received 2 rounds of funding to date, with the June funding grabbing attention from everywhere across the globe. With whopping funding of $540 million raised in June 2021, Transmit security surely makes it into the list of top cybersecurity funding in the last three months.
Acronis
Yet another cybersecurity company that has managed to grab eyeballs for the funding it received off late is Acronis. Acronis aims at solving safety, accessibility, privacy, authenticity, and security challenges. So far, this company has observed three rounds of funding with the recent one being the most valued one. Acronis raised about $250 million from the recent funding which was a Private Equity round.
Illumio
Illumio is known in the market for offering automated enforcement against cyberattacks. What is worth making a note of is that Illumio has raised approximately a total of $557.5 million in funding over 6 rounds. Their latest funding was $225 million and was raised on Jun 24, 2021, from a Series F round. Yet another point worth a mention is that Illumio is funded by a total of 23 investors.
Netscope
The $300 million investment led by ICONIQ Growth into Netscope makes it one of the most valuable cybersecurity companies across the globe. Netscope aids in organizations understanding the online activities, protecting the data, as well as reasoning to the cyberattacks in the best possible manner. The company was founded in the year 2012. It employs 1,392 people and has raised a total of $1.04 billion in eight rounds of outside funding.
Ledger
Ledger is one of those cybersecurity companies that provide security and infrastructure solutions to critical digital assets for consumers and institutional investors. Launched in 2014, Ledger has made it a point to emerge out as a global leader in the market with about 1,000,000 units sold in more than 165 countries. With approximately $468 million in funding raised so far, this company deserves every bit of your attention. Their latest funding of $380 million was raised on Jun 10, 2021, from a Series C round.
