Decibel is an independent venture capital firm that provides resources to entrepreneurs.

Decibel Partners

Pioneer Ventures is an early stage Venture Capital fund focused on bringing innovation to MVP and beyond.

Pioneer Ventures

Theory Ventures primarily invests in early-stage software companies. It invests $1-25m in companies that leverage technology discontinuities into go-to-market advantages.

Theory Ventures

IQT identifies and partners with companies developing advanced technologies. It evaluates emerging technologies and collaborates with entities that show potential for practical applications. IQT serves industries such as defense, cybersecurity, and telecommunications.

PSL Ventures is a venture fund that focuses on technology-driven companies. The firm is closely affiliated with Pioneer Square Labs' startup studio, investing in both studio and non-studio companies.

PSL Ventures

Dropzone AI

Dropzone AI’s platform delivers pre-trained autonomous AI security agents that work alongside human analysts on security operations teams. It handles the frontline work of investigating the mountain of alerts from security systems. Using cutting-edge LLMs, Dropzone’s agents perform end-to-end investigations mimicking the techniques of elite analysts and enable human analysts to focus on what matters the most to them and real threats.

Dropzone AI, founded in 2023 by Edward Wu, is a Seattle-based startup developing autonomous AI security agents for Security Operations Centers (SOCs). The company's platform uses large language models (LLMs) to mimic the techniques of elite human analysts, autonomously investigating security alerts 24/7 across various domains including cloud, network, identity, endpoint, and phishing. Dropzone AI's solution integrates with existing security tools and data sources, performing end-to-end investigations without requiring playbooks, code, or chat prompts. The company claims its AI agents can reduce manual alert investigation work by up to 90%, cutting the time from 5-40 minutes per alert to just three minutes for human analysts to review reports on the most pressing threats. In April 2024, Dropzone AI was named a finalist in the RSAC Innovation Sandbox Contest.

Dropzone AI: Automated Investigation and Security Operations - NSFOCUS, Inc., a global network and cyber security leader, protects enterprises and carriers from advanced cyber attacks.

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Threat Prevention Toolchain

Dropzone AI develops autonomous AI security analysts that handle the frontline work of investigating alerts for security operations teams. The platform autonomously investigates various types of alerts including cloud, network, identity, endpoint, and phishing alerts 24/7. Its AI analysts replicate the techniques of elite human analysts and connect to existing cybersecurity tooling and data sources without requiring any playbooks, code, or chat prompts. The system can be deployed in 30 minutes and reduces manual investigation work by 90%, taking the task from 5-40 minutes per alert to three minutes to review reports on pressing threats. The platform features built-in guardrails, explainability, and data lineage capabilities, with every alert conclusion accompanied by a complete report of crucial factors and raw evidence sources that human analysts can validate quickly. Unlike general-purpose chatbots, Dropzone's system was specifically engineered for security operations with pre-trained autonomous agents specialized in investigating security alerts. The platform works alongside security analysts to handle repetitive investigation work, enabling them to focus on real threats and strategic projects.

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Dropzone AI gets $16.85M for autonomous cybersecurity AI agents that reduce manual work by 90 percent

Seattle startup Dropzone AI raises $16.8M to develop autonomous agents for cybersecurity

About Dropzone AI

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Breaking down the numbers: Cybersecurity funding activity recap

Dropzone AI: $16.85 Million Raised To Help SecOps Teams With Autonomous Investigations

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

Dropzone AI on LinkedIn: #cybersecurity #soc #ai #webinar #cyberdefense #sans2024

Dropzone AI develops autonomous AI security analysts that handle the frontline work of investigating alerts for security operations teams. The platform autonomously investigates various types of alerts including cloud, network, identity, endpoint, and phishing alerts 24/7. Its AI analysts replicate the techniques of elite human analysts and connect to existing cybersecurity tooling and data sources without requiring any playbooks, code, or chat prompts. The system can be deployed in 30 minutes and reduces manual investigation work by 90%, taking the task from 5-40 minutes per alert to three minutes to review reports on pressing threats. The platform features built-in guardrails, explainability, and data lineage capabilities, with every alert conclusion accompanied by a complete report of crucial factors and raw evidence sources that human analysts can validate quickly. Unlike general-purpose chatbots, Dropzone's system was specifically engineered for security operations with pre-trained autonomous agents specialized in investigating security alerts. The platform works alongside security analysts to handle repetitive investigation work, enabling them to focus on real threats and strategic projects.
Key customers and partnerships
Critical Insight, a Managed XDR provider, utilizes Dropzone's AI SOC analysts to improve the depth of its investigations. The company reports validated increases in both speed and quality of investigations. Lemonade Insurance is another key customer that has experienced significant improvements in issue resolution times through the platform. As of April 2024, Dropzone is actively deployed in more than six production environments.

Dropzone AI, founded in 2023 by Edward Wu, is a Seattle-based startup developing autonomous AI security agents for Security Operations Centers (SOCs). The company's platform uses large language models (LLMs) to mimic the techniques of elite human analysts, autonomously investigating security alerts 24/7 across various domains including cloud, network, identity, endpoint, and phishing. Dropzone AI's solution integrates with existing security tools and data sources, performing end-to-end investigations without requiring playbooks, code, or chat prompts. The company claims its AI agents can reduce manual alert investigation work by up to 90%, cutting the time from 5-40 minutes per alert to just three minutes for human analysts to review reports on the most pressing threats. In April 2024, Dropzone AI was named a finalist in the RSAC Innovation Sandbox Contest.
Key customers and partnerships
Critical Insight, a Managed XDR provider, has leveraged Dropzone AI's technology to improve the depth and speed of its investigations. Garrett Silver, CEO of Critical Insight, has reported that the use of Dropzone allows their SOC analysts to focus on tasks requiring human intelligence while AI handles routine SOC tasks. Lemonade Insurance's CISO, Jonathan Jaffee, has reported that Dropzone's solution leads to issue resolution in 10% of the time and improves with use, allowing teams to resolve more issues faster while reducing burnout. The company has also deployed its technology in over six production environments as of April 2024.

Axonius is a cybersecurity asset management company founded in 2017 by Dean Sysman, Ofri Shur, and Avidor Bartov. The company offers a platform designed to help organizations identify and secure devices on their networks by leveraging existing security and management tools. Axonius' solution integrates with over 300 security and management solutions to provide customers with a comprehensive asset inventory, uncover security gaps, and automatically validate and enforce security policies. The platform covers hardware, software, SaaS applications, cloud services, and user identities.
Axonius' approach focuses on correlating asset data from a customer's existing infrastructure and controls rather than deploying new agents or sensors. This allows for quick deployment, often within minutes, and provides immediate value by creating an up-to-date inventory of assets. The platform helps organizations mitigate threats, navigate risks, decrease incident response time, and eliminate manual, repetitive tasks.
In 2023, Axonius crossed the USD 100 million mark in annual recurring revenue. The company's growth has been rapid, with Amit Karp of Bessemer Venture Partners noting that Axonius took less than 15 months to grow from USD 1 million ARR to USD 10 million ARR, making it one of the fastest-growing companies in BVP's history. As of March 2024, Axonius has raised nearly USD 600 million in funding and is valued at USD 2.6 billion.
Key customers and partnerships
Axonius has built a significant customer base that includes more than a dozen Fortune 500 and global organizations. Notable customers include Schneider Electric, News Corp, Anheuser-Busch InBev, The New York Times, and Cimpress. The company also supports four of the five major US Department of Defense service agencies.
In February 2020, Axonius appointed Mark Daggett as Vice President of Channels and Alliances to expand its partner program and meet increasing customer demand. The company has partnerships with various channel programs and professional services partners, including 443 Technologies, Alta Technologia, Artha Mitra Interdata, Ascent Global, ePlus, CloverIT, Ignition Technology, and Netpoleon. Axonius has also formed strategic alliances with major technology providers such as CISCO, Okta, AWS, and ServiceNow.
In March 2024, Axonius announced a partnership with Claroty to bring enterprise attack surface management to cyber-physical systems (CPS) environments. This collaboration aims to provide organizations with a unified view of assets across various environments, extending from cloud to on-premises infrastructure.

Axonius

JupiterOne is a cloud-native cyber asset attack surface management (CAASM) platform that helps organizations map, analyze, and secure complex cloud environments. Founded by Erkang Zheng, JupiterOne uses a graph-based approach to provide visibility and context across an organization's entire cyber asset universe. The platform connects to over 180 systems and data sources to collect, integrate, and model cyber asset data, including cloud resources, devices, identities, access rights, code repositories, and more. JupiterOne's technology allows teams to discover, monitor, understand, and act on changes in their digital environments.
The platform's core features include a custom query language (J1QL), pre-built queries, and natural language search capabilities that enable users to ask complex questions about their environment and get answers within seconds. JupiterOne offers over 500 out-of-the-box English-language questions and the ability to create custom queries. The company's graph-based data model exposes intricate relationships between cyber assets, providing contextual insights for security investigations and incident response.
JupiterOne addresses multiple use cases, including cloud security posture management, security operations and engineering, and governance and compliance. The platform helps organizations assess and monitor compliance with regulations like GDPR and identify vulnerabilities.
As of June 2022, JupiterOne had raised a total of USD 119 million in funding and achieved a valuation of over USD 1 billion.
Key customers and partnerships
JupiterOne's client base includes cloud-native enterprises such as Cisco, Databricks, Indeed, and Robinhood. The company has formed strategic partnerships with several major technology firms. In November 2021, JupiterOne and Cisco announced the launch of Secure Cloud Insights, an expanded cloud security and security operations partnership. This solution integrates JupiterOne's cyber asset context into Cisco technologies to provide enhanced cybersecurity capabilities for Cisco customers.
JupiterOne has also established partnerships with other cybersecurity companies. In April 2023, the company announced an integration with Splunk to provide better data visibility for Splunk users. Additionally, JupiterOne is part of the AWS Partner Network (APN) and was recognized as an AWS Rising Star Independent Software Vendor (ISV) Partner of Year 2022.

JupiterOne

Noetic Cyber is a cyber asset attack surface management (CAASM) company founded in 2019 by Paul Ayers, Allen Hadden, and Allen Rogers. The company provides a cloud-based continuous cyber asset management and controls platform that aims to give organizations better visibility into their digital infrastructure and help them identify and address security gaps. Noetic's platform uses API aggregation and correlation to gather data from various security and IT management tools, leveraging graph database technology to create a dynamic map of cyber connections between entities in both cloud and on-premises environments. This approach enables the discovery of cyber risks and non-compliant systems.
The Noetic platform employs automation and orchestration to deliver remediation capabilities and help cybersecurity teams anticipate and react to changing IT and security requirements. In September 2023, Noetic introduced significant enhancements to its platform, including Data Insights, Unified Model Explorer, and Machine Learning Classifiers. These features are designed to streamline the process of managing large volumes of security data from disparate systems and help users quickly uncover critical insights and coverage gaps.
Noetic Cyber's technology addresses common security asset management challenges, such as establishing relationships between different assets and business applications, managing assets across various tools and business units, and handling the volume and pace of change in IT environments. The company's goal is to improve security tool and control efficacy by breaking down existing data silos and enhancing the entire security ecosystem.

Noetic Cyber

Nagomi Security, founded in January 2023, is a company that specializes in proactive security and threat exposure management. The company offers a Proactive Defense Platform designed to help cybersecurity teams optimize the effectiveness of their existing security tools against real-world threats. Nagomi's platform provides end-to-end visibility of defense capabilities mapped against the MITRE ATT&CK framework, enabling organizations to prioritize risks based on their unique threat profiles and receive actionable remediation plans. The platform integrates with solutions from vendors such as CrowdStrike, Microsoft, SentinelOne, Okta, Qualys, Rapid7, and Google through read-only API connections. Nagomi's technology aims to address the issue that over 80% of breaches occur in organizations that already had tools in place to prevent them. The platform can identify misconfigurations, highlight critical gaps, and prescribe clear steps for improvement. As of September 2024, Nagomi reported that its customers had identified over 13 million misconfigurations out of more than 40 million total configurations, with over 3.6 million exposures fixed.
Key customers and partnerships
Nagomi Security has established partnerships with several prominent organizations in the cybersecurity industry. In September 2024, the company announced a partnership with CrowdStrike to integrate CrowdStrike's threat intelligence feeds with Nagomi's Proactive Defense Platform. This collaboration aims to enable organizations to convert threat insights into concrete, prescriptive actions. Nagomi's customer base includes notable organizations such as Applied Systems, HFW, and WELL Health Technologies. The company has also reported working with a Fortune 500 manufacturing company, which saw a 9% improvement in CrowdStrike utilization after implementing Nagomi's solution. Additionally, Nagomi has assisted various companies across industries, including healthcare, technology, law, insurance, and energy, in improving their security postures and addressing specific cybersecurity challenges.

Nagomi Security

DoControl is a SaaS Security Posture Management solution that provides automated data access controls for SaaS applications. Founded in 2020 and headquartered in New York, DoControl offers comprehensive visibility, threat detection, and remediation for SaaS data exposure and insider threats. The company's platform is designed to secure sensitive data and files within business-critical SaaS applications such as Google Drive, Slack, Microsoft SharePoint, Salesforce, and Box.
DoControl's solution combines CASB (Cloud Access Security Broker) and DLP (Data Loss Prevention) capabilities to ensure protection across major SaaS ecosystems. It harnesses user interactions and API access across SaaS applications and feeds them into powerful no-code workflows that automatically identify, respond to, and remediate threats stemming from SaaS data policy violations. The platform incorporates business and security context to ensure quick response to emerging threats and effective insider risk management.
The company's technology uses an event-based approach for near-real-time threat detection, replacing industry standards of days and weeks. Leveraging automated security workflows and end-user interactions, DoControl significantly reduces SaaS data exposure over time, ensuring robust security with minimal effort and no impact on productivity.
In March 2024, DoControl released a report which found that companies were generating approximately 286,000 new SaaS assets each week. The report also highlighted that one out of six employees shared company data with their personal email, emphasizing the need for comprehensive security strategies to mitigate insider threats and control data exposure.
Key customers and partnerships
DoControl has gained recognition for its innovative approach to SaaS security. In 2024, the company won two gold awards at the 20th Annual Globee Cybersecurity Awards in the categories of Insider Threat Management and Most Innovative Security Software of the Year. Additionally, DoControl received a silver award for its achievements in Data Loss Prevention.
Vox Media, a modern mass media company, is a notable customer of DoControl. The company uses DoControl to proactively detect and mitigate accidental data oversharing within their cloud collaboration environments. DoControl's advanced monitoring and alerting capabilities ensure sensitive information is not exposed to unauthorized individuals. When oversharing incidents are detected, DoControl automatically takes appropriate actions to restrict access or notify administrators for further review.
DoControl has also integrated its solution with Zoom to provide comprehensive SaaS data protection for the video conferencing platform. This integration allows users to gain visibility into specific details on account users and cloud recordings, enforce strong password protection for high-risk users, provide secure access to sensitive video recordings and text-based files, and establish robust data access control policies to protect sensitive data and files within Zoom.

DoControl

Platforms that help proactively reduce an organization's exposure to cyber attacks by locating and managing infrastructure, including SaaS, apps, and devices.

Solutions that leverage GenAI to present cybersecurity information in simple language or to generate remediation code.

Platforms that use AI and other methods to automate cybersecurity workflows, such as threat detection and remediation.

Platforms that manage or automate compliance with cybersecurity industry standards.

Solutions that help organizations test their security measures through simulated cyber attacks.

Platforms that help organizations ensure the security of open-source or third-party components used in software development.

Organizations that track and collate cyber threats, making them easier to detect and repel.

Most cybersecurity firms offer their services to enterprises on subscription bases.

AI and machine learning are heavily used in cybersecurity for automation and workflow streamlining.

Cybersecurity copilots or AI assistants leverage GenAI to display information in simple language or to generate remediation code.

<div>
 
 Cato Networks provides cloud security products such as Cloud Access Security Brokers (CASBs), Secure Web Gateways (SWGs), and cloud-based firewalls to enterprises through its SASE (Secure Access Service Edge) architecture, claiming to be the first in the world to provide the service. Cato Network&rsquo;s SASE offering is provided through a network distributed across over 65 locations globally as of October 2021.
 
 
 
 
 Cato Networks was founded by Shlomo Kramer, who also co-founded the incumbent cybersecurity company Check Point Software. In 2020, the company reported over 240% year-over-year (YoY) growth in the number of bookings, making FY2020 its fourth consecutive year to exceed 200% growth. During the year, the company signed multiple Fortune 500 companies, and as of October 2021, it served more than 900 enterprises across 9,000 locations, translating to 200,000 remote workers using Cato&rsquo;s SASE offering daily. As of November 2020, the company employed 270 staff with plans to reach 400 by the end of 2021.&nbsp;
 
 
 
 
 Cato Networks&rsquo; last funding round was in November 2020, raising USD 130 million in Series E funding led by Lightspeed Venture Partners at a valuation in excess of USD 1 billion. The company expects to use the funding for product development with plans to invest in engineering, growing its team, and expanding marketing efforts.
 
 
 
</div>

Cato Networks

<div>
 
 Netskope provides cloud security solutions for enterprises that include cloud-delivered secure web gateways (SWGs), cloud access security brokers (CASB), and other solutions to manage access to cloud workloads. These solutions help companies monitor the use of cloud applications and identify suspicious behavior. Netskope&rsquo;s tools attempt to replace legacy solutions such as VPNs. The company introduced a unified solution in 2019 called &ldquo;NewEdge,&rdquo; combining its security technology offerings and providing them under secure access service edge (SASE) architecture. The rollout followed the acquisition of New Edge Labs in 2019 for an undisclosed amount, in line with its strategy of acquiring smaller startups to fuel expansion. Netskope also acquired Sift Security in 2018, which provides a machine learning-based tool to detect and respond to threats to cloud Infrastructure-as-a-Service (IaaS) applications such as Amazon Web Services (AWS) and Microsoft Azure. Netskope joined the cohort of Solista&rsquo;s Zero Trust Alliance in July 2021, to assist Australian organizations in developing a toolset and framework in assessing their zero trust readiness while detecting and remediating internal and external threats.
 
 
 NewEdge is delivered using data centers in 40 regions worldwide including North America, Europe, Latin America, Middle East, and Asia Pacific, enabling a low-latency cloud security offering. As of March 2021, the company had invested in excess of USD 100 million to build the NewEdge infrastructure. The company claimed that its tools protected more than 10% of Microsoft Office 365&rsquo;s commercial users as of the same date.
 
 
 Netskope&rsquo;s product offerings were backed by more than 100 global patents as of January 2023, and the company served more than 2,400 customers globally including more than 25 of the Fortune 100 companies. Furthermore the company has a total employee headcount of more than 2,500 in more than 40 countries.
 
 
 In April 2023 Netskope announced 
 <a href="https://sp-edge.com/updates/17658">
 the addition of a new software-defined wide area network
 </a>
 (SD-WAN) service to its platform, designed to provide enterprises with the ability to ensure secure access to their infrastructure from endpoint devices in any location. Netskope planned to offer the new SD-WAN alongside its existing SSE product to provide a unified SASE client, which it claimed was an industry first.
 
 
 In June 2023, 
 <a href="https://sp-edge.com/updates/19604">
 Netskope updated its secure service edge (SSE) platform
 </a>
 to help address data leakage risks of generative AI applications like ChatGPT. The updated platform allows organizations to track usage of generative AI applications, manage access controls, and automatically prevents leakage of sensitive information.
 
 
 Key customers and partnerships
 
 
 In July 2021, Netskope partnered with cybersecurity company, Chillisoft, to accelerate sales for cloud-based SASE protection to 1,250 resellers and integrators, including more than 100 managed service providers (MSPs) across New Zealand and the Pacific Islands.
 
 
 Netskope 
 <a href="https://sp-edge.com/updates/10845">
 acquired the IoT security startup
 </a>
 WootCloud in June 2022 integrating WootCloud&rsquo;s HyperContext Security platform with its Intelligent Security Service Edge (SSE) platform to expand its SSE and Zero Trust capabilities. This was followed by the 
 <a href="https://sp-edge.com/updates/12036">
 acquisition of cloud networking vendor
 </a>
 Infiot in August 2022 to deliver an integrated single-vendor SASE platform to its customers by leveraging Infiot&rsquo;s technologies to offer a uniform security and quality of experience (QoE) policies to the Netskope Borderless WAN.
 
 
 Netskope 
 <a href="https://sp-edge.com/updates/15413">
 partnered 
 </a>
 with Stellar Cyber, a open extended detection and response (Open XDR) startup in December 2022, to provide a joint solution that incorporates rich user-centric data to improve control and visibility of risks and threats across incident investigations conducted by Security Operation Center (SOC) analysts.
 
 
 Funding and financials
 
 
 In January 2023, the company 
 <a href="https://sp-edge.com/updates/15521">
 raised USD 401 million in convertible notes
 </a>
 led by Morgan Stanley Tactical Value. The funds were utilized to accelerate platform development and expand its go-to-market strategy.
 
</div>

Netskope

<div>
 
 SentinelOne offers a range of endpoint protection solutions for enterprises. The company provides the artificial intelligence (AI)-based platform &ldquo;Singularity,&rdquo; which is a unified offering for endpoint security, including a next-generation antivirus (NGAV), endpoint detection and response tools (EDR), extended detection and response (XDR), and other tools to monitor endpoint behavior from laptops, phones, and internet-of-things (IoT) devices to identify threats. Singularity ActiveEDR incorporates Storyline Active Response (STAR) to provide automated threat detection and response and also enables end-users to write custom MITRE-compatible detection rules. SentinelOne&rsquo;s endpoint protection offering also extends to cloud endpoints and workloads, offering AI and behavior-based protection for virtual machines (VMs) and containers in the cloud. Singularity also provides features to centrally control cybersecurity policies and automate tasks for response and remediation. In addition to endpoint security, SentinelOne offers managed detection and response services, which support organizations with technology and human resources for threat hunting, response, and incident investigation.
 
 
 In April 2023, 
 <a href="https://sp-edge.com/updates/17965">
 SentinelOne launched a generative AI platform
 </a>
 for threat detection, allowing security teams to run threat detection and automated remediation operations using natural language instead of code based commands.
 
 
 In November 2023 the company 
 <a href="https://sp-edge.com/updates/23867">
 launched
 </a>
 a new, unified version of its Singularity platform, Singularity Unity, with upgraded cloud and endpoint security and data lake capabilities, as well as a GenAI cybersecurity assistant. Unity incorporated SentinelOne&rsquo;s &ldquo;PurpleAI&rdquo; models to simplify investigations, governance, and compliance and improving metrics such as mean time to detect/resolve (MTTD/MTTR).
 
 
 SentinelOne acquired cloud data-logging startup Scalyr in February 2021 for USD 155 million to bolster its own XDR capabilities. SentinelOne also entered into an agreement to acquire the identity threat detection and response (ITDR) startup 
 <a href="https://sp-edge.com/updates/9176">
 Attivo Networks 
 </a>
 for USD 616.5 million in March 2022, and expects to integrate Attivo Networks&rsquo; capabilities into its Singularity XDR solution to provide autonomous protection. This includes ITDR, identity infrastructure assessment, and identity cyber deception capabilities to protect endpoint, cloud workloads, IoT devices, mobile, and data against identity compromise, lateral movement attacks, credential theft, data cloaking, and more. This acquisition will also add to SentinelOne&rsquo;s gross margin and expand its total addressable market (TAM) by USD 4 billion in the critical identity security category.
 
 
 Key customers and partnerships
 
 
 SentinelOne partnered with cloud services and cybersecurity distributor Exclusive Networks in July 2021 to launch its platform for Australian and New Zealand MSP and MSSPs. During the same period, the company inked a partnership with ConnectWise to offer its standalone endpoint detection and response (EDR) solutions to its global partner base of technology solution providers (TSPs).
 
 
 SentinelOne has partnered with managed detection and response (MDR) 
 <a href="https://sp-edge.com/updates/4878">
 providers 
 </a>
 such as 
 <a href="https://sp-edge.com/companies/228245">
 Red Canary 
 </a>
 , deepwatch, and 
 <a href="https://sp-edge.com/companies/505475">
 BlueVoyant 
 </a>
 to 
 <a href="https://sp-edge.com/sectors/work/updates/6173">
 integrate 
 </a>
 its solution with the latter&rsquo;s MDR offerings. In addition, SentinelOne has also partnered with 
 <a href="https://sp-edge.com/companies/75116">
 Zscaler 
 </a>
 , a cloud network security 
 <a href="https://sp-edge.com/sectors/work/updates/5182">
 company 
 </a>
 , and Cloudflare, a web infrastructure and website security 
 <a href="https://sp-edge.com/updates/5182">
 company 
 </a>
 , to push its own offerings through Zscaler and SentinelOne&rsquo;s services. It also 
 <a href="https://sp-edge.com/updates/12082">
 partnered
 </a>
 with the observable data management company, Cribl in August 2022 to leverage the latter&rsquo;s observability product suite to streamline cybersecurity triage, optimize data collection, and provide security teams control of their data. During the same month, the company 
 <a href="https://sp-edge.com/updates/12235">
 partnered
 </a>
 with the IoT security startup, Armis to jointly provide three unified solutions that protect organizations across endpoints, cloud, mobile, IoT, OT devices, and more. In December 2021, Sentinel 
 <a href="https://sp-edge.com/updates/7149">
 partnered 
 </a>
 with Attivo Networks, to integrate its Singularity XDR with Attivo Networks&rsquo; Endpoint Detection Net (EDN) suite for a combined solution that prevents attackers from compromising endpoints, and to detect lateral movements to provide Active Directory protection, credential theft detection, and removal of exposed credentials. The company 
 <a href="https://sp-edge.com/updates/12331">
 partnered
 </a>
 with the cybersecurity and compliance company, Proofpoint to integrate SentinelOne Singularity XDR and Proofpoint Targeted Attack Protection (TAP) solutions and provide organizations with threat intelligence, detection, and response across emails, endpoints, cloud, and identity management. In 
 <a href="https://sp-edge.com/updates/16912">
 March 2023
 </a>
 , SentinelOne partnered with cloud network security provider Wiz to provide end-to-end cloud security solutions by leveraging each company&rsquo;s platform. With their combined capabilities, the joint solution was claimed to detect and remediate cybersecurity threats faster than stand-alone platforms.
 
 
 Funding and financials
 
 
 The company&rsquo;s last private funding round was in November 2020, where it raised USD 267 million in a Series F funding round led by Tiger Global Management, and the company expects to use the funding to support the growth of its Singularity platform.
 
 
 In June 2021, SentinelOne 
 <a href="https://sp-edge.com/updates/3850">
 commenced 
 </a>
 trading in New York Stock Exchange (NYSE) under the ticker &ldquo;S,&rdquo; raising USD 1.2 billion in its initial public offering (IPO) at an implied valuation of USD 8.9 billion. The company expected to use the proceeds for working capital, product development, capital expenditure, and administrative matters. The company also aimed to use part of the funds to acquire and invest in complementary businesses and technologies.
 
 
 SentinelOne 
 <a href="https://sp-edge.com/updates/13278">
 launched 
 </a>
 &ldquo;S Ventures&rdquo;, a USD 100 million venture fund, to invest in enterprise cybersecurity startups, in September 2022. S Ventures invested in Armorblox, an API email security platform, and Noetic Cyber, a continuous cyber asset management and controls platform. These companies joined its portfolio companies which include Torq, a no-code security automation platform, and 
 <a href="https://sp-edge.com/companies/1695999">
 Laminar 
 </a>
 , a cloud-native data security startup.
 
 
 In 
 <a href="https://sp-edge.com/updates/17067">
 FY2023
 </a>
 , the company reported a revenue of USD 422.2 million, representing a YoY growth of 106% and an adjusted gross margin of 72%. The company saw its annual recurring revenue (ARR) growing at 88% to close at USD 548.7 million and the number of customers grew around 50% YoY to exceed 10,000 in Q4 FY2023. Management guidance for revenue for FY2024 stands in the range of USD 631 million and USD 640 million.
 
</div>

SentinelOne

<div>
 
 Lacework is a cloud security company offering solutions for enterprises to protect their cloud and container workloads at scale. These include tools that employ automation and machine learning in order to enable developers to build cloud applications securely, along with tools to monitor multi-cloud environments, detect misconfigurations and threats, and identify behavioral anomalies during runtime. As of November 2021, Lacework recorded more than 3x YoY growth in revenue and a 3.5x YoY increase in the customer base, which includes the likes of LogicMonitor, Hypergiant, and Sprinklr. Lacework employed over 1,000 staff as of March 2022, five times its headcount in January 2021. The company was however forced to lay off 20% of its headcount in May 2022 in a bid to improve its liquidity position amid uncertain economic conditions.
 
 
 Lacework announced its first-ever acquisition&mdash;the cloud-native security startup Soluble, in November 2021. Soluble provides automated testing and policy management to detect and remediate cloud misconfigurations and policy violations at the source code. Lacework will integrate Soluble&rsquo;s technology into its automated cloud security platform to expand into IaC remediation capabilities, which will enable Lacework to enhance existing workflows and protect software development lifecycles&mdash;at build, runtime, and the source code level. The company also launched new developer-focused features in its platform&mdash;vulnerability scanner, admission controller, risk-based scoring, extended Berkeley Packet Filter (eBPF) support&mdash;to detect and remediate container vulnerabilities in the development process.
 
 
 Key customers and partnerships
 
 
 Lacework partnered with Google Cloud in February 2022, to launch its new patented Polygraph Data Platform in Google Cloud Marketplace to strengthen multi-cloud capabilities for joint customers, including a commitment to partner on integrations with Google Cloud Security Command Center (SCC) and jointly develop features in the future. The Lacework Polygraph Data Platform delivers automated visibility and threat detection across multi-cloud environments from build time through runtime without requiring manual oversight from security teams. Following this, Lacework also announced an undisclosed investment from Google Ventures (GV).
 
 
 Lacework partnered with Amazon Web Services (AWS) in June 2023 to incorporate its composite alerts into Amazon&rsquo;s GuardDuty threat detection service, providing AWS users with enhanced threat alerts and context for investigation.
 
 
 Funding and financials
 
 
 In November 2021, the company raised USD 1.3 billion in Series D funding at a valuation of USD 8.3 billion, co-led by Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, and Tiger Global Management. The company will utilize the funds to fuel product development; pursue strategic acquisitions; accelerate go-to-market efforts; hire additional staff; and expand its global presence. Along with the funding round, the company also announced plans to go public via an IPO or a direct listing in the future.
 
</div>

Lacework

<div>
 
 CrowdStrike offers a collection of next-generation cybersecurity products for endpoint security, cloud security, managed services, and threat analysis and response, along with professional services and consulting.
 
 
 CrowdStrike&rsquo;s endpoint security solutions include a cloud-delivered, next-generation antivirus (NGAV) that uses machine learning, artificial intelligence, and behavioral analytics to detect threats in company endpoints, replacing traditional signature-based solutions. In addition, CrowdStrike&rsquo;s endpoint offering also includes endpoint detection and response (EDR) for comprehensive monitoring, along with features to centrally control external device use. CrowdStrike&rsquo;s protection is delivered to the endpoint through a lightweight agent, which the company claims to be easily deployable and takes up only a minor share of the endpoint&rsquo;s processing power. The agent has the ability to identify malicious behavior even when the endpoint is offline. The company&rsquo;s cloud security offering includes tools for enterprises to detect threats and identify vulnerabilities during development and runtime of cloud-native applications. In addition, CrowdStrike also offers managed services, including technologies and human resources for companies to detect threats and respond to security incidents.
 
 
 In April 2023, 
 <a href="https://sp-edge.com/updates/17659">
 the company announced &ldquo;Falcon Insight for IoT&rdquo;
 </a>
 , an EDR and extended detection response (XDR) solution for extended internet of things (XIoT) assets, expanding the protection capabilities of Crowdstrike Falcon to operational technology.&nbsp;
 
 
 CrowdStrike launched a 
 <a href="https://sp-edge.com/updates/18980">
 generative AI assistant, &ldquo;Charlotte AI&rdquo;
 </a>
 , for its Falcon platform in late May 2023. The AI allows security teams to ask natural language questions on cybersecurity status, threats, and vulnerabilities, and surfaces actionable insights from Crowdstrike Falcon.
 
 
 CrowdStrike has undertaken various acquisitions to strengthen its product offerings. The company acquired the cloud data logging company Humio for USD 400 million in February 2021 to bring in the capabilities required to offer an extended detection and response (XDR) platform. The company acquired the data security startup 
 <a href="https://sp-edge.com/updates/6341">
 SecureCircle
 </a>
 in November 2021 to extend zero trust security to data on endpoints by integrating SecureCircle&rsquo;s technology into its Core Falcon platform. This will provide users with data usage policy enforcement and data access management based on their zero trust score and ensure that clients can detect and respond to threats at the device, user identity, and data layer. CrowdStrike acquired the Israel-based external attack surface management (EASM) startup 
 <a href="https://sp-edge.com/updates/13200">
 Reposify
 </a>
 in September 2022. Reposify scans the internet infrastructure of an organization to detect and eliminate any risks arising from exposed assets that are centralized or remote across on-premise, cloud, etc. Reposify leverages its proprietary algorithm and a large database of internet-facing assets to provide organizations with a comprehensive view of their external attack surface with a click of a button. Other acquisitions include the identity protection company Preempt Security for USD 96 million in September 2020, and malware analysis company Payload Security for an undisclosed amount in 2017.
 
 
 Key customers and partnerships
 
 
 CrowdStrike expanded its footprint in Australia in July 2021 by partnering with local cybersecurity company Solista to assist Australian organizations in developing a toolset and framework in assessing their zero trust readiness, while detecting and remediating internal and external threats. 
 
 
 CrowdStrike 
 <a href="https://sp-edge.com/updates/9177">
 partnered
 </a>
 with the cloud network security platform, 
 <a href="https://sp-edge.com/companies/1102212">
 Adaptive Shield
 </a>
 in March 2022, to launch the latter&rsquo;s zero-trust SaaS security posture management solution in CrowdStrike Store and enable security teams to identify and remediate risks stemming from misconfigurations and misappropriated privileges through device posture visibility and continuous risk assessment across the SaaS stack. 
 
 
 In April 2022, CrowdStrike 
 <a href="https://sp-edge.com/updates/9660">
 partnered
 </a>
 with Mandiant to help joint customers with breach investigation and response and defense. As part of the partnership, CrowdStrike's cloud-based Falcon threat intelligence platform was integrated with Mandiant&rsquo;s incident response (IR) and proactive cybersecurity consulting services. 
 
 
 In September 2022, CrowdStrike 
 <a href="https://sp-edge.com/updates/13203">
 partnered
 </a>
 with the pure-play cyber insurance startup 
 <a href="https://sp-edge.com/companies/604136">
 Coalition
 </a>
 , to protect 160,000 cyber insurance policyholders of Coalition against cyber attacks and help them comply with key contingencies required for a cyber insurance policy. CrowdStrike provided the policyholders with a 15-day free trial to its CrowdStrike Falcon platform alongside the option to purchase a discounted Falcon bundle. During the same period, CrowdStrike 
 <a href="https://sp-edge.com/updates/13160">
 partnered
 </a>
 with the API security startup, 
 <a href="https://sp-edge.com/companies/376753">
 Salt Security
 </a>
 , to integrate the latter&rsquo;s API discovery with its Falcon runtime protection on applications to provide a comprehensive view of an organization&rsquo;s attack surface and accelerate threat detection and response. The company also invested an undisclosed amount in Salt Security&rsquo;s Series D funding round. 
 
 
 In March 2023, CrowdStrike 
 <a href="https://sp-edge.com/updates/16868">
 formed a strategic alliance
 </a>
 with technology infrastructure and services provider Dell Technologies. Through the alliance, the companies planned on providing combined cyber defense solutions for organizations of all sizes to protect endpoints, cloud workloads, identity, and data. 
 
 
 Crowdstrike partnered with Google in April 2023 
 <a href="https://sp-edge.com/updates/17705">
 to combat phishing campaigns
 </a>
 , leveraging its AI analytics to detect malicious links and submit them to Google&rsquo;s Risk API, allowing the firm to display browser warnings.&nbsp;
 
 
 As of October 2021, CrowdStrike had 14,687 subscribers, comprising both public and private sector organizations. Key clients include companies such as Sony, Telstra, Rackspace, Sega, and ADP.
 
 
 Funding and financials
 
 
 The company went public through an initial public offering in June 2019, raising USD 610 million at a valuation of USD 6.7 billion. In a subsequent fundraise in January 2021, the company raised USD 750 million through eight-year unsecured notes. CrowdStrike also launched a USD 100 million investment vehicle&mdash;Falcon Fund II in partnership with the venture capital firm Accel in January 2022, which is 5x larger than its initial investment fund Falcon Fund, and serves as a catalyst to expand CrowdStrike&rsquo;s technology partnerships with companies that will gain access to CrowdStrike Store and can benefit from CrowdStrike&rsquo;s expertise and knowledge base.
 
 
 CrowdStrike&rsquo;s total revenue for FY2023 amounted to USD 2.24 billion and adjusted operating profit was USD 355.6 million, both up 54% and 81.2% YoY, respectively. Management guidance for revenue for FY2024 stands in the range of USD 2,955.1 million and USD 3,014.8 million, which implies an YoY growth of 31.9% to 34.6%, respectively.
 
</div>

CrowdStrike

Companies that provide platforms and technologies to protect enterprise data and infrastructure in the cloud from internal and external threats.

Companies that provide next-generation solutions for enterprises to protect endpoint devices such as computers, mobile devices, servers, and other connected enterprise devices.

Companies that provide solutions to protect industrial internet of things (IIoT) and operational technology (OT) devices.

Companies that provide AI-based tools to monitor an organization’s entire infrastructure to identify threats, provide tools for incident investigations, and help automate remediation tasks.

Companies that support businesses with AI-based cybersecurity platforms and human resources for 24/7 threat monitoring and response.

Companies that offer solutions for the protection of enterprise APIs and web applications against external threats such as scripting, bots, denial of service attacks, skimming, Personally Identifiable Information (PII) harvesting, etc.

Companies which provide solutions for enterprises to secure their cloud-native applications and workloads, across the entire development lifecycle.

Solutions in this industry hub are offered under a B2B SaaS model

Uses generative AI that allow automated cybersecurity workflows and manages security operations using natural language

Blockchain used to deploy platforms and store and verify data for tamper-proof security

Protects IoT and connected devices from cyberattacks

Uses AI/ML and behavioral analysis to proactively detect threats and/or automate response

<div>
 
 Dropzone AI, a provider of AI-based security operations centers (SOCs), has secured USD 16.85 million in a Series A funding round. The round saw participation from Theory Ventures, Decibel Ventures, Pioneer Square Ventures, and In-Q-Tel (IQT).
 The funding will be allocated towards further development of their AI technology, strengthening their engineering team, and expanding their go-to-market (GTM) strategy.
 The company uses autonomous AI SOC analysts that work in conjunction with human security teams to streamline investigations and deliver quicker, more accurate responses to cybersecurity threats. Dropzone AI aims to tackle security operation problems by integrating automation to reduce manual analysis, which in turn decreases alert fatigue and enhances response times.
 
 </div>

Dropzone AI

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