ForgePoint Capital is investing in transformative companies that have a vision of solving the world’s biggest problems. They will use the money to improve their products and expand their go-to-market efforts. A few of the companies that have raised funding from ForgePoint include SolCyber, which raised $20M in series A funding.
SolCyber raises $20M in series A funding
SolCyber, a cybersecurity company, has raised $20M in series A funding. This round of funding will help the company improve its product offering and extend its go-to-market efforts. The company was founded by ForgePoint Capital and Scott McCrady.
The company currently employs 12 people, but plans to increase that to twenty by the end of the year. SolCyber is targeting the information security market, which Gartner says will reach $170 billion by 2022. The cybersecurity industry has seen a recent tailwind in the form of the WannaCry pandemic and cloud capabilities.
While security has become more of a top priority for businesses, many are concerned about how to increase their security posture. With a curated technology stack of security solutions, SolCyber aims to help companies achieve an improved level of security and control. This includes endpoint security with EDR capabilities, advanced email security, and active directory protection. SolCyber’s innovative approach to security is designed to enable organizations to scale up with ease.
ReversingLabs raises $56M in series B funding
The security startup ReversingLabs has anxnr just raised $56 million in a series B funding round. The Cambridge-based company has been around since 2009 but did not get its first funding until 2017. Its product is a big-scale threat-scanning engine that has attracted customers from some of the biggest names in the security industry.
ReversingLabs is a cybersecurity startup that builds threat detection and analysis solutions. It was founded in 2009 by Mario Vuksan. This latest round of funding will allow the company to scale its sales and marketing operations, as well as its global reach.
ReversingLabs is a cloud-delivered threat-analysis platform that helps organizations protect their infrastructure against emerging threats. Its technology tackles advanced persistent threats, polymorphic malware, and more. Its software uses explainable machine learning to identify and prioritize threats. It also automates security operations center processes.
ReversingLabs is raising $56 million in Series B funding for its software to protect against cyberattacks. The startup offers a hybrid cloud-based threat intelligence platform that covers the entire software supply chain. Another startup raising Series B funding is MEDRhythms, a Maine-based company that is developing digital therapeutics to help stroke-survivors walk again. Its product includes sensors that attach to shoes and an accompanying app that produces music to help the person walk with more ease.
ForgePoint Capital invests in transformative companies
ForgePoint Capital is a multi-stage venture capital firm focused on cybersecurity and other disruptive technologies. The firm invests in security, internet of things, next-generation identity platforms, behavioral analytics, and privacy. Founded in 2015, the firm is led by seasoned investor and serial entrepreneur Alberto Yepez. It has one of the largest portfolios in the cybersecurity industry and a 75-member Advisory Council.
ForgePoint has added two new members to its team. Senior Analyst Rohit Gupta joins the firm from Plug & Play Ventures, where he led early-stage cybersecurity investment activities. Before that, he worked in product management at ShieldX Networks. Rohit holds a BS in Business Administration from UC Berkeley and will support all aspects of ForgePoint’s investment process.
The firm’s investment process is automated by Cobalt, a leading provider of portfolio monitoring solutions. Cobalt’s portfolio monitoring platform unifies company data across portfolio companies, automates performance reporting, and allows Forgepoint Capital to make smarter investment decisions. The platform combines the sophistication of a business intelligence tool with the accessibility of consumer technology software. As a result, it has become the industry’s first self-service portfolio monitoring platform.
ForgePoint Capital is the world’s leading cybersecurity venture capital firm, with an investment portfolio of over 40 cybersecurity companies. Its team boasts over eight decades of experience in building successful companies and is committed to partnering with category-defining companies. ForgePoint Capital is backed by a global network of cybersecurity experts and partners with exceptional cybersecurity entrepreneurs.
SolCyber has raised $20 million in series A financing. The security specialist organization will use the money to improve its products and expand its marketing efforts. It is also using the funding to hire more employees. In all, this is an impressive sum of money for an early stage startup. And it’s just the beginning.
SolCyber
SolCyber is a cybersecurity company that recently received $20 million in venture capital. The money will help SolCyber enhance its products and extend its go-to-market efforts. The company has only a dozen employees, but it plans to double that number by the end of the year. The company aims to conquer the information security market, which Gartner estimates will grow to $170 billion by 2022.
The company markets itself as a modern managed security service provider (MSSP) for midmarket organizations. It helps organizations prevent, monitor, and respond to cyber threats. To achieve that mission, SolCyber offers a curated collection of enterprise-grade security solutions at affordable prices. The company also claims to be disrupting the status quo by making complex systems easy to manage and use.
Valence Security
Valence Security is a software company that secures business apps and infrastructure. It recently raised $25 million in a Series A round led by M12, the corporate venture arm of Microsoft. Other investors included Porsche Ventures, Akamai Technologies, and Alumni Ventures. The money will be put to use to further develop the company’s products. The company plans to double its headcount by the end of the year.
Valence Security’s technology enables organizations to impose zero-trust security controls across all third-party applications. It also enforces least-privilege access controls and revokes unnecessary access. This security solution also supports various types of automation, including web services, cloud-based applications, and mobile applications.
IriusRisk
IriusRisk is one of the most innovative cybersecurity companies in the world. Its platform automates threat modeling and secure software design, bringing security architects and development teams together. With these tools, organizations can identify high-risk vulnerabilities earlier in the development process. Furthermore, IriusRisk’s software embeds security into development workflows, making it easier for security professionals to find and remediate vulnerabilities.
The startup’s platform takes a pattern-based approach to modeling threats and reasoning over codebases. It can import code from multiple platforms and automatically generate a threat model from it. It also offers an analytics module to empower data scientists and analysts to gain a deeper understanding of the threats. Moreover, the platform supports customer-specific pattern detection libraries to meet the specific needs of a particular industry or company.
Endor Labs
Endor Labs, based in Palo Alto, Calif., has raised $25 million in seed funding. The company’s founders include Varun Badhwar, a security practitioner who founded CipherCloud and held senior security practitioner roles at K&S and Microsoft.
The company’s platform helps developers and organizations manage dependencies in a secure and automated way. It does this by performing deep analytics on each OSS dependency, uncovering risks that are far beyond known vulnerabilities. This enables customers to choose better dependencies, secure and monitor them at scale. With the help of Endor Labs, organizations can reduce risk in their supply chain and improve productivity.
WorkRamp
WorkRamp is a learning management system that allows companies to build and track custom training courses. WorkRamp has over 250 customers and has created over one million courses. The company’s customers include fast-growing technology companies like PayPal, Disney, and GlobalData. The company estimates that 20 billion dollars is spent on corporate training each year.
Conclusion
The San Francisco-based company is currently developing a full-stack cloud employee management and onboarding platform. It has raised $10 million to date, including $8 million in series A financing. The company will use the money to build out its product and add new features.
