5 largest cybersecurity startup investments in 2017

October 10, 2017 by imeetscyber.pt0
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In 2017’s first three quarters, there were 20 cybersecurity startups that attracted a venture capital investment of more than $40 million.

The top five of investments is:

SmartSky Networks

$170 million Series B funding round is the amount raised by this North Carolina startup building cellular towers for in-flight connectivity. One target market is government agencies interested in the company’s ability to send live video streams off an airborne platform, the cybersecurity advantage of having narrower spot beams (which reduce the physical access reach of potential hackers), and SmartSky’s encryption.

BlueteamGlobal

This company announced the launch of operations, the merger into BlueteamGlobal of three cybersecurity technology businesses (BitVoyant, K2G and K2 Cyber Defense), and new funding for growth of more than $125 million in financing from institutional and individual investors. BlueteamGlobal provides Advanced Cyber Threat Intelligence for large companies and Managed Cyber Security Services for smaller businesses.

Illumio

Adaptive cybersecurity company Illumio closed on $125 million funding with investment from Andreessen Horowitz, General Catalyst, Data Collective, and Accel, among others.

Cybereason

This Boston-based cybersecurity firm specializing in endpoint detection and response to digital security breaches announced a $100 million funding from Japanese telecommunications firm SoftBank Corp.

Netskope

This cloud access security broker announced it raised $100 million from existing and new investors. The Series E round was led by existing investors Lightspeed Venture Partners and Accel. Sapphire Ventures and Geodesic Capital also participated.

 

Source: CSO from IDG


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