Legit Security: Cybersecurity Startup Raises $40 Million Series B

JupiterOne utilizes a cloud-native cyber asset management platform to improve a company’s security. Using the platform essentially gives companies a better understanding of the environments involved and the potential risks. Mitiga is a bit different from many cloud security startups because it focuses on a specific solution. Moreover, the company offers its solution to both cloud and hybrid environments, which require a new approach when it comes to security logs. Founded by the team that led Microsoft’s Cloud Security Group, Wiz provides a multicloud security solution designed to work at scale.

Unit21 – Unit21 helps protect businesses against adversaries through a simple API and dashboard to detect and manage money laundering, fraud and other sophisticated risks across multiple industries. Former Affirm and Shape Security employees Trisha Kothari and Clarence Chio founded Unit21 in 2018 and work with customers like Intuit, Coinbase, Gusto and Line to create a powerful & customizable rules engine for risk and compliance teams. Unit21’s highly flexible, customizable and intelligent cloud-based system provides a configurable engine for transaction monitoring, identity verification, case management, operations management and analytics and reporting. On October 19th of this year, Unit21 announced a $13 million funding round led by A.Capital Ventures. Unit21 will use the new capital to grow its product and distribution-focused management team, increase sales and marketing efforts and sell into new industries.

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JupiterOne – JupiterOne, Inc. reduces the cost and complexity of cloud security, replacing guesswork with granular data about cyber assets and configurations. The company’s software helps security operations teams shorten the path to security and compliance and improve their overall posture through continuous data aggregation and relationship modeling across all assets. JupiterOne customers include Reddit, Databricks, HashiCorp, Addepar, Auth0, LifeOmic and OhMD. The Series A round was led by Bain Capital Ventures, with additional investment from Rain Capital, LifeOmic and individual investors. “JupiterOne has developed a compelling product that integrates quickly, has applicability across enterprise segments and is highly reviewed by current customers,” said Enrique Salem, partner at Bain Capital Ventures and former CEO at Symantec.

Technology is constantly changing, and while that might be a good thing as a whole, it does present new challenges. Many of those challenges are security-related, especially when it comes to the cloud. In fact, with many companies relying on cloud storage and solutions, the demand for cloud security is rising. “We’ve seen an increase in the number of attacks in the past year and a half alongside a number of changes to the regulations and frameworks for software development,” Fuchs, Legit Security cofounder, told Insider. “We feel like we’ve hit the nail on the head in terms of providing a platform for enterprises that want to be secure and we’re well positioned to address changes in this market.” Tenable has a long history in the vulnerability management space, which now extends into the cloud to help organizations of all sizes protect their workloads.

Viking Cloud

Strata’s stated goal is to bring consistency across distributed cloud environments for user identity for apps deployed across multiple clouds and on-premises. It refers to its core cloud-based product as “device identity as a service,” or DIaaS, which is a device identity and posture solution. It integrates with SSO authentication and acts as a single enforcement point for all enterprise services. DIaaS uses risk intelligence to enforce policies, provides device security status, and claims to offer “one-click” remediation of vulnerabilities. Cloudrise provides managed data protection and security automation services in a SaaS format.

• ESecurity Planet focuses on providing instruction for how to approach common security challenges, as well as informational deep-dives about advanced cybersecurity topics.
• In turn, venture-capital firms are pouring billions of dollars into cybersecurity startups to help keep businesses secure.
• The company is designed to secure data across the web, cloud (SaaS, PaaS, and IaaS) and private applications to reduce risk for businesses using cloud applications and services.
• It integrates with all commercial and open-source scanners, providing a normalized, aggregated list of findings.
• Snyk is another cloud-native application that can add some much-needed security for developers.
• It protects against known vulnerabilities using zero trust, next-generation encryption, active monitoring, and attack remediation deliverd by the cloud to devices and over existing infrastructure.
• Hive Pro‘s Kronos predictive vulnerability analytics (PVA) platform centers on the four pillars of prevent, detect, respond and predict.

The widespread adoption of cloud and hybrid IT environments has created a need for new cybersecurity paradigms that address the expanded attack surface and new attack vectors that cloud computing brings. Talon, launched in early 2021, sells a security-centered browser designed for enterprises with distributed workforces. It claims to isolate any work-related browsing activity from potential malware in the device with the aim to protect the browser against zero-day exploits and data leakage. Emerging from stealth cloud security providers this February, Canonic Security offers a third-party SaaS app governance platform that allows organizations to test third-party apps in a sandbox before they are put into a production environment. The Israel-based company claims its platform can identify over-privileging, what the app connects to, and whether it has been compromised. Cado’s main product is a cloud investigation and response platform, Cado Response, that provides forensic-level detail into cloud, container and serverless environments.

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Bishop Fox is a cybersecurity consulting firm that provides expert services in penetration testing, vulnerability assessments, and security consulting. A $129 million funding round last year brought a renewed growth focus to this 18-year-old firm. Their services help organizations identify security vulnerabilities, assess risk, and develop effective security strategies. Bishop Fox’s team of experts includes former NSA operators, ethical hackers, and security researchers.

Numerous other security startups had big announcements amid the conference, including several that launched new products, disclosed funding or emerged from stealth during Black Hat 2023. The company has used that leverage to assemble an impressive array of cloud security solutions to help organizations protect their data and infrastructure in the cloud. Futuriom tracks important venture-backed startups in the cloud infrastructure, networking, communications, and cybersecurity spaces. We have just released our new list of exciting Futuriom 40 (F40) companies with IPO potential over the next few years. This list of F40 companies has raised a total of $13.3 billion to pursue opportunities in cloud and communications markets.

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The Axis Security Application Access Cloud is a cloud-based application access solution that’s built on a zero-trust approach. It does not rely on having agents installed on user devices, so that organizations can connect users—on premises and remote—on any device to private apps, without  touching the network or the apps themselves. The Tidal Cyber platform provides “threat-informed defense” that has information about adversaries’ tactics, techniques and procedures. The company claims the platform helps organizations assess, organize and optimize their security defenses by giving them a deeper understanding of the threats most relevant to them.

Moreover, it all comes continuously with JupiterOne’s automated platform, which adds context to every asset at every step of the way. What follows are the details on 10 cybersecurity startups to watch from Black Hat 2023. In evaluating the cloud security market, we examined the breadth and quality of each https://www.globalcloudteam.com/ vendor’s products and services, customer reviews, analyst reports, market traction and growth, independent test reports, pricing, and more. Trend Micro is well positioned as a leader in hybrid cloud security, helping organizations to unify policies across both on-premises and public cloud deployments.

Enthec Solutions

Enabling this are JupiterOne’s integration capabilities, which allow it to work within the existing security environment. Here’s a look at how the 10 hottest cloud security startups have made their mark on the industry. Here’s a look at how the 10 coolest cybersecurity startups have made themselves relevant to partners and customers alike. Infinipoint’s device- identity-as-a-service is a cloud-based security platform for machine identity management, designed to protect access to all applications, for any user and device, from anywhere. The Israel-based startup says it provides single sign-on authorization integrated with risk-based policies and one-click remediation for non-compliant and vulnerable devices. Powered by machine learning and human analytics, Cyble is a threat intelligence startup offering solutions for attack surface management, third-party risk scoring, and monitoring for brand reputation and dark web exposure.

Its Scope OmniSight product is targeted to the healthcare industry and detects attacks on IT infrastructure, clinical systems, and EHR systems. A threat intelligence component can collect threat indicators from multiple internal and third-party sources, presenting the data through a single portal. As a fabless semiconductor company, Kameleon is somewhat unique among cybersecurity vendors. It is designed to protect systems at boot and is targeted for use in data centers, managed computers, servers, and cloud computing systems.

Flow Security

Enso Security – Enso is an application security posture management (ASPM) platform startup known for the depth of its insights and expertise in cybersecurity. With Enso, software security groups can scale and gain control over application security programs to protect applications systematically. The Enso ASPM platform discovers application inventory, ownership and risk to help security teams quickly build and enforce security policies and transform AppSec into an automated, systematic discipline. The cloud-native JupiterOne cyber asset attack surface management platform promises to bring more context to a range of security processes including vulnerability management, compliance, and identity and access management (IAM). The company also claims that its platform can better enable organizations to comply with security regulations.