Cyberattacks have become increasingly frequent over the past few years, not only from malicious groups but also from states. This has led to many major corporations to invest heavily in cybersecurity, and for developers of technology to invest heavily in improving their systems. This shifted arena has opened up new possibilities for startups.
According to Channel Web, cybersecurity startups have raised $3 billion in the first half of this year. The first quarter saw $963 million raised, and quarter 2 has brought in $2.08 billion. The number of deals was, with quarter one, 103 investments and quarter 2 showing 106 new deals.
The biggest deal has gone to the startup CrowdStrike, at $200 million, taking the total that the company has raised to $481.2 million. The outcome is that CrowdStrike is now valued at $3 billion. The company is developing the Falcon platform, which is designed to detect and respond to threats in real time.
Second on the list is the company Tanium, which has secured $175 million. Tanium’s platform is designed to connect all the end-points within an organisation, and improve network visibility and management. Third place goes to the startup Cylance, which secured $120 million. Cylance develops artificial intelligence in cybersecurity.
The others making up the top ten are:
Fairwarning – $60 million
Claroty – $60 million
Bitsight – $60 million
Ledger – $75.1 million
IronNet Cybersecurity – $78 million
Signifyd – $100 million
EzeCastle Integration – $115 million
Outside of the world of startups, Microsoft has launched a new initiative. The company’s new Cybersecurity Policy Framework offers building blocks and best practices from organizations around the world. Microsoft has taken what it has learned from years of working with policymakers in many different economies, and used that information to build out its framework. To support this, Microsoft has released a white paper titled “Cybersecurity Policy Framework.”
In related cybersecurity news, a new security flaw has been detected by German researchers in relation to Intel processors. This comes on the back of earlier concerns from January and March 2018. The flaw means that passwords can potentially be stolen by hackers.
