<div>
  <ul>
    <li>
      <p>
        Wing Security, a SaaS security startup, has raised USD 20 million in a Series A funding round led by GGV Capital, with participation from Harmony Partners, Silicon Valley CISO Investments Group, and several angel investors including Michael Shaulov (Fireblocks), Avi Shua and Gil Geron (Orca Security), Karim Toubba (Kenna Security), and Galina Antova (Claroty).
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The company also disclosed that it raised USD 6 million in a seed funding round in 2021 led by S-Capital. Wing Security&rsquo;s total funding following both rounds stands at USD 26 million.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The funding marks Wing Security&rsquo;s emergence from stealth and will be utilized to double its employee headcount of 30 primarily in R&amp;D, sales, and marketing to support its product development.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20220330005312/en/Wing-Security-Emerges-Out-of-Stealth-with-Comprehensive-Platform-Addressing-Security-Gaps-Introduced-by-SaaS-Applications">
      Press release
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2022/03/30/wing-security-launches-its-end-to-end-saas-security-platform-raises-26m/">
      TechCrunch
    </a>
  </p>
  <p>
    <a href="https://www.calcalistech.com/ctechnews/article/rk2811n11m5">
      Calcalistech
    </a>
  </p>
  <p>
    <a href="https://www.finsmes.com/2022/03/wing-security-raises-26m-in-seed-a-funding.html">
      FinSMEs
    </a>
  </p>
</div>


Next-gen Cybersecurity

Wing Security emerges from stealth with USD 26 million in funding

PROMINENT_CATEGORY

<div>
 <p>AI-based cybersecurity company, Deep Instinct, has introduced an AI malware analysis tool called “Deep Instinct's Artificial Neural Network Assistant” (DIANNA). </p>
 <p>DIANNA uses LLMs to gather shared knowledge from the cybersecurity community, providing a detailed examination of attack strategies, even new threats. It gives insight into the methods used and file behaviors. </p>  
</div>

Deep Instinct launches AI-powered malware analysis assistant

<div>
<p>Cloud-native security company Aqua Security and Orca Security, a provider of agentless cloud security, have partnered to enable a deep integration of their platforms. This integration aims to deliver improved cloud security for their mutual customers.</p>
<p>This collaboration brings together Orca’s security features and visibility across multiple clouds with Aqua’s runtime protection for cloud-native workloads across multi-cloud and hybrid cloud environments.</p>
</div>

Aqua Security and Orca Security announce cloud-native security integration

<div>
 <p>Island, a company specialising in secure enterprise browsers, has successfully raised USD 175 million in a Series D funding round. The round was spearheaded by Coatue and Sequoia Capital, who is an existing investor. Other participants included Insight Partners, Stripes, Georgian, and Prysm Capital.</p>
 <p>With the addition of this funding round, Island has now raised a total external funding of USD 487 million. Consequently, the company's valuation has doubled and is now estimated to be worth USD 3 billion.</p>
 <p>The company has future plans to utilise this fresh cache of funds to expand its reach on an international scale, support their research and development endeavors, and potentially explore acquisitions. Island also aims to meet the burgeoning customer demand with the help of this newly acquired capital.</p>
 
</div>

Island raises USD 175 million for expansion and acquisitions

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 <p>Elisity, a cybersecurity firm providing cloud-based microsegmentation solutions, has obtained USD 37 million in a Series B funding round. The round was led by Insight Partners and included AllegisCyber Capital, Two Bear Capital, and Atlantic Bridge, bringing the company's total funding to over USD 72 million.</p>
 <p>The newly raised capital will be utilized to improve the AI capabilities of the company's platform. By fully harnessing device identity data from organizations, Elisity hopes to anticipate and forestall upcoming cyber threats.</p>

</div>

Elisity raises USD 37 million in Series B funding to add AI capabilities

<div>
 
 <p>Corelight, a startup focusing on network detection and response (NDR), has successfully raised a total of USD 150 million in a Series E funding round. Leading this round was Accel, with additional contributions from Cisco Investments and the CrowdStrike Falcon Fund.</p>
 <p>The company has plans for utilising the newly raised funds to enhance its focus on AI-infused security solutions and augment its offerings in cloud-native security. Corelight also seeks to broaden its data-sharing collaborations with leading cybersecurity platforms.</p>
 <p>In its recent report, Corelight revealed significant growth in the revenue generated by its NDR platform, with an annual recurring revenue that recorded over 40% YoY growth. Furthermore, the company noted a 300% YoY surge in its AI and SaaS-based NDR product lines.</p>
 
</div>

Corelight raises USD 150 million in Series E funding to improve platform capabilities and expand partnerships

<div>
 <p>The AI cybersecurity firm, Darktrace, which is listed on the LSE, has reportedly agreed to go private, courtesy of a deal with private equity firm Thoma Bravo. The firm is valued at GBP 4.25 billion (USD 5.3 billion) through this deal, which is yet to receive approval from the shareholders but is expected to be finalised by the end of 2024.</p>
 <p>The current valuation factors in all convertible securities, presenting a more detailed analysis of Darktrace's value. </p>
 <p>The deal suggests that the shareholders will acquire GBP 6.20 (USD 7.75) per share, marking a 44% premium rate on Darktrace’s average share price over the past three months and a 20% premium on its price as of the end of April 25.</p>
 <p>Darktrace went public on LSE back in April 2021, with a valuation of USD 2.4 billion. Before going public, the firm had amassed approximately USD 230 million in venture funding, achieving a private valuation of USD 1.65 billion. </p>
 
</div>

Thoma Bravo to take Darktrace private at ~USD 5 billion

<div>
 <p>Cybersecurity firm, ThreatLocker, which focuses on zero-trust approaches, has announced the closing of a USD 115 million Series D funding round. The round was led by General Atlantic and saw participation from StepStone Group and D. E. Shaw Group. Following this funding round, the total amount ThreatLocker has raised to date stands at USD 303.3 million.</p>
 <p>The funds raised will reportedly be used by ThreatLocker to continue its product development efforts and to further the firm’s expansion on a global scale.</p>
 <p>In addition to the funding news, ThreatLocker revealed that over the past year, it managed to double its revenue and increase its workforce by 50%.</p> 
</div>

ThreatLocker raises USD 115 million for product development and global expansion

ANALYST_QUICK_TAKE

<div>
 <p>Wiz, a cloud security company, is planning to acquire another player in the sector, Lacework, for an amount between USD 150 million and 200 million. Lacework's previous valuation was USD 8.3 billion during its last funding round.</p>
 <p>Lacework's product is a cloud-native application security platform. Its functionalities include safeguarding applications from their creation to their operational phase, detection of abnormal behavior, and assurance of compliance across multiple cloud environments, containers, and workloads.</p>
 <p>Although Wiz and Lacework are both active in the cloud security sector, reportedly, they do not pose significant competition to each other. Hence, Wiz's acquisition of Lacework is believed to be an initiative for customer acquisition and consolidation in the market.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> This is Wiz’s second acquisition this year:<br>
 The company closed a <a href="https:<br>
//sp-edge.com/updates/27562"> deal </a> to acquire cloud detection and response (CDR) firm <a href="https:<br>
//sp-edge.com/companies/2632731"> Gem Securit </a> y earlier in April at an estimated USD 350 million.</p>

Wiz in talks to acquire Lacework in cloud security consolidation move

INCUMBENTS_PRESENT

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 <p>Mulberri, an AI-powered insurance platform, has teamed up with Acronis, a cyber security company, to offer cyber insurance to small and medium-sized enterprises (SMEs). The insurance will be provided through the Acronis platform.</p>
 <p>Thanks to this partnership, Mulberri and Acronis can provide comprehensive solutions to Acronis clients to protect against the risk of cyber threats.</p>
 
</div>

Mulberri partners with Acronis to provide embedded cyber insurance for US-based SMBs

<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>

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All Updates