<div>
  <ul>
    <li>
      <p>
        Hunters Security, a startup specializing in threat detection and response solutions, has raised USD 68 million in a Series C funding round led by Stripes. The round included participation from new investors such as DTCP, Cisco Investments, Databricks, and existing investors such as M12 (Microsoft&rsquo;s venture fund), Bessemer Venture Partners (BVP), YL Ventures, and Snowflake Ventures. Hunter Security&rsquo;s total funding now stands at USD 118 million.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The funding will be utilized to further develop the platform and services, strengthen sales and partnership efforts across North America and EMEA regions, and more than double its current headcount of 110 over 2023.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        Hunter Security&rsquo;s annual recurring revenue (ARR) rose by more than 4x, and its employee headcount doubled in size over 2021. The company now serves some of the Fortune 500 and Global 2000 organizations. Notable customers include Booking.com, Snowflake, Netgear, Cimpress, TripActions, and Sika. Partnerships include Amazon Web Services (AWS), CrowdStrike, and Snowflake.
      </p>
    </li>
  </ul>
  <p>
    &lt;ul&gt;&lt;li&gt;
    <b>Analyst QuickTake: </b>
    Hunter Security&rsquo;s Series C funding round follows just 
    <a href="https://sp-edge.com/updates/5114">
      five months after
    </a>
     it raised USD 30 million in its Series B funding round led by 
    <a href="https://sp-edge.com/companies/69">
      BVP
    </a>
    , who also participated in its latest funding round. According to BVP, the biggest differentiator in Hunters at the time was its connection with data warehouse provider Snowflake, both as an investor and as an integration partnership.&lt;/ul&gt;
  </p>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.hunters.ai/latest-news/hunters-secures-68-million-in-series-c-funding-to-become-a-leading-security-operations-platform?hsLang=en">
      Company press release
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2022/01/25/hunters-raises-68m-series-c-for-its-security-operations-platform/">
      TechCrunch
    </a>
  </p>
  <p>
    <a href="https://venturebeat.com/2022/01/25/hunters-lands-68m-for-cloud-driven-security-operations-platform/">
      VentureBeat
    </a>
  </p>
  <p>
    <a href="https://siliconangle.com/2022/01/25/security-operations-center-startup-hunters-raises-68m-develop-platform/">
      SiliconANGLE
    </a>
  </p>
  <p>
    <a href="https://www.calcalistech.com/ctech/articles/0,7340,L-3927900,00.html">
      Calcalistech
    </a>
  </p>
</div>


Next-gen Cybersecurity

Hunters Security raises USD 68 million in Series C funding

PROMINENT_CATEGORY

<div>

<p>Wing Security, a company specializing in cloud network security, has become a member of the Cloud Security Alliance (CSA), a group dedicated to establishing security standards for cloud computing. This move aims to improve secure cloud computing practices.</p>
<p>As part of the CSA, Wing Security will use their expertise in automated SaaS Security Posture Management (SSPM) to aid in the development and perfection of cloud security practices. This is particularly pertinent considering the rising complexity and security issues that come with the increased use of SaaS in corporate settings.</p>
<p>The SSPM platform provided by Wing Security currently offers support for over 300,000 SaaS applications. It aids companies in efficiently safeguarding their data and systems.</p>

</div>

Wing Security joins Cloud Security Alliance

INCUMBENTS_PRESENT

<div>
 
 <p>Israel-based managed detection and response (MDR) startup, Cyrebro, is partnering with Google Cloud. The aim is to enhance Cyrebro's security data lake and detection engine, leading to better threat insights and quicker response times.</p>
 <p>As part of the collaboration, Google Cloud's technology will be used to improve Cyrebro's MDR service. Goals include reducing the mean time to detect (MTTD) threats, minimising both false negatives and positives, and lessening the mean time to respond (MTTR) to security threats.&nbsp;</p>
 <p>In addition, Cyrebro is planning to introduce several features. These include quick time-to-value (TTV), global data localization, direct querying of log sources, and custom report generation or complex query performance using LLMs.</p>
 
</div>

Cyrebro partners with Google Cloud to enhance MDR capabilities

ANALYST_QUICK_TAKE

<div>

<p>Coro, a firm that provides cyber security solutions for mid-sized businesses, has received USD 100 million in Series D funding. The investment round was led by One Peak and included contributions from Energy Impact Partners and Balderton Capital. This addition brings Coro's total funding to USD 255 million, resulting in a post-money valuation of more than USD 750 million.</p>
<p>The funds from the recent investment round will be allocated towards product innovation, supporting research and development, strengthening channel partners, and fueling global expansion. The company plans to establish local marketing and channel teams and invest more into increasing brand awareness.</p>
<p>In 2023, Coro experienced significant growth in its customer base across numerous industries. The firm also added 300 new channel partners and increased its channel workforce by nearly 500%.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> Following its Series D funding, Coro's post-money valuation has increased by nearly 30%, rising from a valuation of USD 575 million after its USD 75 million <a href="https:<br>
//sp-edge.com/updates/17875"> Series C2 funding </a> in April last year.</p>

Coro raises USD 100 million in funding with USD 750 million in post-money valuation

<div>

<p>Check Point has revealed a partnership with Microsoft to bolster its Infinity AI Copilot using Azure OpenAI Service, with the goal of advancing AI in the realm of cybersecurity.</p>
<p>The collaboration will see Check Point harnessing Microsoft Azure OpenAI Service to introduce enhanced AI and automation capabilities. The focus will be on elevating security management and incident response, particularly targeting efficient and effective handling of cyber threats in cloud ecosystems.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> This would be Check Point Infinity AI Copit’s first notable integration after its launch in <a href="https:<br>
//sp-edge.com/updates/26145"> January 2024 </a> to advance AI and automation capabilities within threat detection and incident response.</p>

Check Point collaborates with Microsoft to enhance Check Point Infinity AI Copilot

<div>
<p>The developer of the open detection and response (Open XDR) platform, Stellar Cyber, has joined forces with Exium, a zero-trust SASE platform. This collaboration aims to improve cybersecurity investigations.</p>
<p>Together, Stellar Cyber and Exium seek to simplify the investigation process in cybersecurity, from the intake of data to the response and correction of issues. This joint offering enables users to swiftly manage risks and respond to threats, thereby enhancing the productivity and efficiency of security teams. It also aims to reduce the manual work involved in cyber investigations and minimize the time attackers have to dwell.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Stellar Cyber <a href="https:<br>
//sp-edge.com/updates/25042"> recently announced </a> integrations with detection and response specialist SentinelOne and AI-powered security company BlackBerry to provide customers with a unified, automated detection and response solution that correlates threat signals from multiple sources to provide threat intelligence with relevant context.</p>

Stellar Cyber integrates with Exium to enhance cybersecurity investigations

<div>
 <p>The partnership between CrowdStrike and NVIDIA aims to integrate NVIDIA's Artificial Intelligence (AI) computing with the CrowdStrike Falcon XDR platform. This collaboration seeks to utilize information from the Falcon platform alongside NVIDIA's GPU-optimized AI systems and software, providing customized, secure AI development for their customers.</p>
</div>

CrowdStrike partners with NVIDIA to develop cybersecurity AI

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 <p>GitLab, a DevOps platform, is set to acquire cloud security startup Oxeye. The financial details of the transaction are not disclosed but estimated to be between USD 30 million and 40 million.</p>
 <p>Oxeye's speciality lies in its application security testing solution, which includes static application security testing (SAST), software composition analysis (SCA), application security posture management (ASPM), and several other features. These solutions help in identifying weak points and vulnerabilities in code during the application development phase.</p>
 <p>With a market cap of USD 8.6 billion on Nasdaq, GitLab provides DevOps features such as version control, issue tracking, and development pipelines.</p>
</div>

GitLab acquiring code security firm Oxeye

<div>
 <p>Wiz, a cloud security firm, is in acquisition talks with Gem Security, a cloud security company based in Israel. Gem Security is known for its cloud detection and response (CDR) platform which is intended to decrease the time required for identifying and managing potential threats within a cloud environment. The platform also provides a comprehensive view of multi-cloud environments, and facilitates cloud-native forensics and automated incident timelines. To date, Gem has raised USD 34 million in funding.</p>
 <p>Though the financial details of this acquisition are not public, estimates suggest the deal could be worth approximately USD 350 million. According to reports, following the acquisition, Wiz plans to integrate Gem’s technology into its own cloud security platform. It is also expected that all 70 employees of Gem Security will now be working under Wiz.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This will be Wiz’s largest acquisition to date. In December 2023, the company <a href="https:<br>
//sp-edge.com/updates/24606"> acquired </a> developer collaboration platform Raftt for an undisclosed sum.</p>

Wiz to acquire Gem to consolidate cloud security

Nozomi Networks raises USD 100 million to build out OT security platform

<div>
 <p>Aryaka, a secure access service edge (SASE) provider, has introduced Aryaka Unified SASE-as-a-service. This platform combines their software-defined networking and security solutions.</p>
 <p>The platform integrates Aryaka's single-pass security feature, OnePass, with its zero-trust Wide Area Network solution that operates in over 100 countries worldwide.</p>
</div>

All Updates