Category: Security

• Tech companies that raised funding in March 2024 include Nozomi Networks, Claroty, and Axonius.
• Global venture capital investments in the IT startup sector fell to a nearly five-year low in the first quarter of 2022.
• Startups with cybersecurity and big data products remained popular for investments in March.
• Axonius led the funding rounds with a US$200 million Series E round, followed by Observe with a US$115 million Series B round.

• Israeli cybersecurity exit deals increased by 65% in 2023 to $7.1 billion, comprising over half of total tech sector exits, highlighting the sector’s importance to Israel’s high-tech industry.
• Total tech sector exits, including mergers, acquisitions, IPOs, and buyouts, amounted to $11 billion in 2023, a decrease from $13.5 billion in 2022.
• Israel’s high-tech sector is a significant driver of the economy, contributing to employment, exports, tax revenue, and overall economic output.

• Coro, a cybersecurity platform for SMEs, secures $100m in Series D funding led by One Peak, aiming to enhance cybersecurity solutions for SMEs
• Funding to be used for product innovation, organic growth, and strategic acquisitions, including recent acquisition of Privatise in 2023
• Coro offers all-in-one security software addressing endpoint, email & user, and network & cloud protection, catering to SMEs facing cyber-attack threats
• Plans to expand support for North American MSPs and resellers, establish local marketing and channel teams, and increase brand awareness globally
• Recognized for excellence and innovation in cybersecurity, Coro aims to solidify its leadership position in the SME cybersecurity sector

Cybersecurity SME Funding: Coro Secures $100m in Series D Round

In a significant development for cybersecurity in the realm of small and medium-sized enterprises (SMEs), Coro, a pioneering cybersecurity platform tailored specifically for SMEs, has successfully raised $100m in a Series D funding round. Read more

• Sandfly Security, the agentless Linux Security Company, secures seed funding from Gula Tech Adventures and Sorenson Capital to meet market demand for its comprehensive Linux security solution.
• Sandfly Security provides unmatched protection for Linux systems with features such as Drift Detection, Password Auditing, Enhanced Container Security, and SSH Key Tracking.
• Sandfly’s agentless approach addresses compatibility, performance, and stability issues faced by traditional agent-based security solutions for Linux.

• Settlement money from Juul will enhance security at Fairfax County Public Schools
• FCPS staff recommended using the funding for security scanning technology at select high schools
• The safety and security screening pilot is separate from security vestibules being added at schools
• Other security measures considered include vape sensors, panic alarms, and weapons screening systems
• Funding adjustments also support summer school programs for 35,000 students at 73 sites

Enhancing School Security: FCPS Allocates Funding for New Technology

In a significant move to bolster security measures at select high schools, Fairfax County Public Schools (FCPS) is set to utilize settlement money received from Juul, a vape-maker, to implement advanced security scanning technology. Read more

• Spring Budget includes £230m for police tech investment in time-saving technology
• Legal questions around facial recognition and cloud technology use by UK police may undermine funding
• Concerns raised about lack of clear rules controlling use of facial recognition technology
• Deployment of US-based cloud infrastructure raises data protection concerns for UK police
• Calls for new legislation to govern law enforcement’s use of biometrics and AI technologies

Exploring the Risks of Funding Legally Questionable Police Tech in the Spring Budget

The Spring Budget announced a significant investment of £230m in police forces to implement productivity-boosting technologies. Read more

• Firewall secures first funding to reinvent blockchain security with innovative rollup technology
• Rollup technology and programmable transaction finalization rules to combat smart contract exploits
• Firewall’s cutting-edge firewall solution tailored for blockchain networks
• Introduction of “proof-of-exploit” consensus mechanism for enhanced security
• Significance of funding extends beyond technological advancement, emphasizing collective security priority

Reinventing Blockchain Security with Firewall’s Innovative Rollup Technology

Blockchain security has long been a concern in the realm of digital transactions, with smart contract exploits posing a significant threat to the integrity of these systems. Read more

• Fentanyl scanners at US border remain unused due to funding shortfall
• Non-Intrusive Inspection (NII) technology crucial in detecting fentanyl in vehicles
• Lack of funds from Congress hampers installation of vital scanning equipment
• High-tech scanners designed to enhance border security and combat fentanyl smuggling
• Political obstacles impede efforts to address opioid crisis and protect public health

Fentanyl Scanner Funding Shortfall: A Critical Barrier to Border Security

In the realm of combating fentanyl smuggling along the US-Mexico border, the Customs and Border Protection (CBP) agency has made significant strides in acquiring cutting-edge Non-Intrusive Inspection (NII) technology. Read more

• Taiko secures $37 million in funding to advance its Ethereum-equivalent ZK rollup solution
• Funding led by major tech and investment firms like Lightspeed Faction, Hashed, and Generative Ventures
• Taiko aims to revolutionize the Ethereum blockchain space with its ZK rollup technology
• ZK rollups promise faster, cheaper transactions while maintaining security on the Ethereum network
• The funding enables Taiko to further develop its solution, potentially transforming the blockchain industry

Taiko Secures $37 Million in Funding

In a significant development for the blockchain industry, Taiko, a prominent player in blockchain technology, has successfully secured $37 million in funding. Read more

• Silence Laboratories has raised $4.1 million in funding to enable Privacy Preserving Collaborative Computing, led by Pi Ventures and Kira Studio.
• The company aims to facilitate data collaborations without exposing sensitive information, using modern cryptography like Silent Shard for distributed signatures.
• Products like Silent Shard and Silent Compute allow enterprises to collaborate on data processing without sharing sensitive data, using multi-party computation.

• Tech startup Silence Laboratories secures $4 million in funding for data privacy solutions, co-led by Pi Ventures and Kira Studio
• Founded in 2021 by Jay Prakash and Andrei Bytes, specializing in privacy technology and collaborative computation
• Funds will be used to advance technologies and scale up tech and business teams for global privacy-compliant collaboration infrastructure
• Utilizes cutting-edge technologies like multiparty computation (MPC) for data privacy and decentralized authorization
• Focus on developing privacy-enhancing technologies (PETs), strategic partnerships with key players, and creating a global data collaboration network

Empowering Data Privacy Solutions: Silence Laboratories Secures $4 Million in Funding

In the fast-evolving landscape of technology, data privacy has become a critical concern for businesses and individuals alike. Read more