Analytics Insight has listed top cybersecurity funding and investments of 2021 so far

Cybersecurity will be a booming field in 2021. While all other tech sectors are driven by reducing inefficiencies and increasing productivity, cybersecurity funding and investments are driven by cybercrime. The world is slowly coming back to its normal self after undergoing a catastrophe. 2021 is the year of hope with vaccines and large-scale inoculation programs. However, the importance of cybersecurity remains the same as most companies chose to follow remote working for a long time. During the pandemic, organizations were forced to work from home. At that time, they became aware of cybersecurity issues and took special care to secure company data. This has further accelerated the funding in the cybersecurity sector. However, the landscape is set to undergo massive changes, and organizations need to have an idea about the future to take the necessary steps to adapt to the fast-changing threat landscape. Analytics Insight brings you a list of cybersecurity investment and funding that took place in 2021 so far.

Top cybersecurity investments and funding of 2021

Iboss

Amount funded: UD$145 million

Transaction type: Series B

Lead investor(s): Undisclosed

Cloud security provider, iboss has raised US$145 million in new funding. The US-based firm will use the new capital to support its growth plans for 2021, as enterprises across the world look to move their cybersecurity operations to the cloud. The company said that it has consolidated networking and cloud prediction into a Secure Access Service Edge (SASE) model that provides infinite scalability while ensuring fast, secure and compliant connections.

Lacework

Amount funded: US$525 million

Transaction type: Series D

Lead investor(s): Sutter Hill and Altimeter Capitol

Lacework, an end-to-end cloud security start-up has announced that the company has secured US$525 million in funding round, after reporting massive revenue growth during a year when demand for cloud security services boomed. Founded in 2015, Lacework software targets security gaps in threat detection, behavioural anomaly detection, and also aims to ensure cloud compliance across AWS, GCP, Azure and Kubernetes services. The company plans to use the new proceeds for product development, sales and market, and international expansion, especially into Europe.

Nisos

Amount funded: US$6 million

Transaction type: Series A

Lead investor(s): Paladin Capital Group

Nisos, the management intelligence company announced US$6 million funding led by global cyber investor Paladin Capital Group. The investment enables Nisos to expand its marketing and operations while extending its international footprint. Nisos solutions enable security, intelligence, and trust & safety teams to leverage a world-class intelligence capability tailored to their needs. The company also focuses on robust data collection with a deep understanding of the adversarial mindset delivering smarter defence and more effective response against advanced cyberattacks, disinformation and abuse of digital platforms.

Swimlane

Amount funded: US$40 million

Transaction type: Undisclosed

Lead investor(s): Undisclosed

Swimlane, a Denver-based security operations management software provider has raised US$40 million in funding to be put towards accelerating partnership and alliances, expanding R&D, and enabling further global expansion. Swimlane's suite of the security orchestration, automation, and response (SOAR) tools can automate 80-90% of the incident response process with extensible automated workflows and playbooks that interface with organisations' existing tools while addressing data compliance law and regulations.

SecurityAdvisor

Amount funded: US$7.3 million

Transaction type: Series A

Lead investor(s): ClearSky Security

SecurityAdvisor, the California-based security awareness platform closed a US$7.3 million Series A funding round led by ClearSky Security with participation from Crosslink Capital, SixThirty Ventures, and Cyber Mentor Fund. The company will use the capital to support product development and drive market awareness of its innovative offering amongst enterprise security leaders. SecurityAdvisor is the only personalised security awareness platform that quantifiably reduces security incidents. The company's patented platform integrates easily within existing security infrastructure to deliver targeted coaching that teaches employees how to identify and remediate cyber-attacks while providing security teams with insights that help them better understand the human element of their organisation's security posture.

OwnBackup

Amount funded: US$50 million

Transaction type: Series D

Lead investor(s): Insight Partners

OwnBackup, a leading cloud-to-cloud business continuity platform announced that the company has secured US$50 million in new funding led by Insight Partners, with participation from Salesforce Ventures and Vertex Ventures in a Series D funding. OwnBackup is a cloud backup firm centred on Salesforce. Com Inc. The provider's service offers secure and automated daily backups of software as a service (SaaS) and Platform as a Service (PaaS) data, as well as data comparison and restoration tools for disaster recovery. The company aims to prevent data loss and corruption resulting from human errors, malicious intent, integration errors and rogue applications.