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Industry News: ESG5

    Cybersecurity Funding Sees Slight Bounce Back From Q2, But Still Down From 2022

    2023-10-19

    Crunchbase: Venture funding to cybersecurity startups in the third quarter saw a slight uptick from Q2, but was still down 30% year to year. According to Crunchbase data, cybersecurity startups raised nearly $1.9 billion through 153 deals announced in Q3, a 12% increase from the $1.7 billion raised in 181 deals the previous quarter. 

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    Cybersecurity Software Provider SecureW2 Raises $80 Million From Insight Partners

    2023-10-19

    Verdict: Cybersecurity software-as-a-service (SaaS) company SecureW2 has raised $80m in funding from Insight Partners. SecureW2 is engaged in offering a suite of passwordless security software solutions, with headquarters in the Netherlands and regional hubs in the US and India.  

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    UAE, US Partner to Bolster Financial Services Cybersecurity

    2023-10-17

    Dark Reading: The US Treasury Department and the Cyber Security Council of the United Arab Emirates have agreed to share more information on cybersecurity threats and incidents affecting the financial services industry.

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    Half of Canadian SMBs Say Keeping on Top of Cybersecurity Threats is Their Biggest Challenge

    2023-10-12

    GlobeNewswire: Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), released a new report, Cybersecurity for SMBs: Navigating Complexity and Building Resilience.

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    SYN Ventures Announces $75 Million Seed Fund for US Cybersecurity Firms

    2023-10-12

    SecurityWeek: The new Seed Fund I brings the firm’s total assets under management to more than $600 million. The final closing is expected for later this quarter. 

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    Arctic Wolf Acquires Cybersecurity Automation Platform Revelstoke

    2023-10-10

    TechCrunch: Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount.

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    Gutsy Gains $51M Seed Round, One Of Cybersecurity’s Largest This Year

    2023-10-10

    Venture Beat: Emerging from stealth today with one of cybersecurity’s largest-ever seed rounds of $51 million, startup Gutsy’s vision is to revolutionize security governance through process mining. 

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    New SEC Cyber Rules to Push Publics and Their Third Parties to Strengthen Programs

    2023-10-03

    PR Newswire: Following the Securities and Exchange Commission's (SEC) adoption of new rules for cybersecurity risk management, strategy, governance, and incident disclosure by public companies, 64.8% of public company executives say their organizations will strengthen their cybersecurity programs, according to a new Deloitte poll.

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    Strategic Cyber Ventures Backs Evo Security with a $1M Investment for Identity and Access Management Cybersecurity Solutions Tailored for MSPs

    2023-10-03

    PR Newswire: Strategic Cyber Ventures, a leading cybersecurity-focused venture capital firm, is excited to announce a $1 million dollar investment into Evo Security's latest funding round. Evo Security builds enterprise-grade identity and access management products tailored for IT Managed Service Providers (MSPs).

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    TPG Completes Acquisition of Forcepoint Global Governments and Critical Infrastructure Cybersecurity Business from Francisco Partners

    2023-10-03

    Business Wire: Global security leader Forcepoint today announced the completed acquisition of the company’s Global Governments and Critical Infrastructure (G2CI) cybersecurity business by TPG, a global alternative asset management firm.

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