Here’s a list of interesting cybersecurity companies that have received funding so far in 2024.
Aim for security
January | 10 million dollars
Aim for security raised $10 million in startup financing, led by YL Ventures, with participation from CCL (Cyber Club London), founders of WIZ and angel investors from Google, Proofpoint and Palo Alto Networks. Aim Security was founded by Matan Getz, CEO, cybersecurity veterans, and Adir Gruss, CTO, pioneers in the use and adoption of AI and Big Data tools within the intelligence unit of elite 8200 of the IDF.
anecdotes
January | $25 million
anecdotes closed $25 million in a Series B financing round, bringing the total capital raised to $55 million. Notably, Vertex and DTCP joined as new investors, highlighting their confidence in the anecdotes business offering and global expansion drive.
Alethea
April | 20 million dollars
Alethea closed a $20 million project Series B round led by GV, with participation from Ballistic Ventures, which led Alethea’s 2022 Series A funding. Also participating in the round is Hakluyt Capital, which is investing alongside leading venture capital funds , targeting companies with high growth potential and international ambitions.
Axon
March | 200 million dollars
Axon got $200 million in a E Series expansion funding round led by Accel and Lightspeed Venture Partners. The company surpassed $100 million in annual recurring revenue in 2023 as it continues to expand its customer base, which includes more than a dozen Fortune 500 companies and global organizations such as Schneider Electric, News Corp and Anheuser-Busch InBev.
BavantAI
April | $15 million
BavantAI obtained $15 million in Series A financing led by SYN Ventures, with renewed participation from early investors Karma Ventures, Karista, Addendum Capital and new investment from the Partnership Fund for New York City.
GrandID
March | 60 million dollars
GrandID closed a $60 million project growth cycle led by Riverwood Capital with participation from Silver Lake Waterman and Advent. With this latest funding, BigID aims to accelerate the organic and inorganic expansion of AI data security and compliance.
Crowd of insects
February | $102 million
Crowd of insects obtained $102 million in strategic growth financing to expand its AI-powered participatory security platform offerings globally. Led by General Catalyst, with participation from long-time investors Rally Ventures and Costanoa Ventures, this funding round underscores investor confidence in the company’s leadership position in the crowdsourced security market.
CyberSaint
March | $21 million
CyberSaint raised $21 million in Series A financing led by Riverside Acceleration Capital. Other participating investors include Sage Hill Investors, Audeo Capital and BlueIO. The funding will build on customer momentum, accelerate market expansion and continue the innovation of CyberSaint’s CyberStrong platform, powered by its patented AI technology.
Defense Unicorns
March | $33 million
Defense Unicorns raised $35 million Series A financing round led by Sapphire Ventures and Ansa Capital. Defense Unicorns enables continuous delivery of AI software and applications in any environment. Most notably, the company’s technology is capable of deploying in isolated environments, environments typically disconnected from the Internet.
Drop Zone AI
April | $16.85 million
Drop Zone AI raised $16.85 million in Series A funding. Theory Ventures led the round, adding Decibel Partners, Pioneer Square Ventures and In-Q-Tel (IQT) to its cohort of existing investors.
Unconsciousness
January | $31 million
Unconsciousness closed $31 million in Series B funding led by Bessemer Venture Partners, with participation from FJ Labs and existing investors including Point72 Ventures, Prosus and Valor Capital.
Nagomi Security
April | $30 million
Nagomi Security came out of stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and improve the efficiency of their existing security tools. The company operated in stealth mode with Startup funding from Team8, and the recent round was led by TCV, with participation from CrowdStrike Falcon Fund and Okta Ventures.
NinjaOne
February | $231.5 million
NinjaOne raised $231.5 million C Series financing round led by ICONIQ Growth. Frank Slootman, Chairman and CEO of Snowflake; and Amit Agarwal, president of Datadog; among others, also invested in the cycle. NinjaOne is a founder-led company that has accelerated every year since its first customer, as evidenced by an ARR growth rate of over 70% in 2023. This minority investment valued the company at $1.9 billion of dollars.
Nozomi Networks
March | 100 million dollars
Nozomi Networks raised $100 million E Series funding round to help accelerate innovative cyber defenses and expand cost-effective go-to-market expansion globally. This latest round includes investments from Mitsubishi Electric and Schneider Electric.
Oleria
January | $33.1 million
Oleria raised $33.1 million in a Series A financing cycle. This latest investment, which brings the company’s total funding to over $40 million, is led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry VC and Zscaler.
Permit.io
February | 8 million dollars
Permit.io raised $8 million in Series A funding, led by Scale Venture Partners, along with NFX, Verissimo Ventures, Roosh Ventures, Firestreak, 92712 and other existing investors, to ensure app developers never have to create entitlements again.
Fast security
January | 5 million dollars
Fast security launched from stealth and announced $5 million in startup financing. The round was led by Hetz Ventures with participation from Four Rivers and prominent angel investors including CISOs from Elastic and Dolby.
Safety of the Prophet
April | $11 million
Safety of the Prophet came out of stealth with $11 million in startup financing led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors.
PVML
April | 8 million dollars
PVML raised $8 million in startup financing led by NFX with participation from FJ Labs and Gefen Capital. PVML democratizes secure access to enterprise data, building on two pillars: differential privacy and AI.
Seal security
February | $7.4 million
Seal security came out of stealth with $7.4 million startup financing round led by Vertex Ventures Israel, with participation from Crew Capital, PayPal Alumni Fund and Cyber Club London. Seal Security provides organizations with centralized control over the vulnerability remediation process, without requiring R&D involvement, reducing MTTR from months to hours.
Simbian
April | 10 million dollars
Simbian came out of stealth mode with $10 million oversubscribed startup financing to ensure fully autonomous security. Simbian received seed investment from security and AI-focused investors Cota Capital, Icon Ventures, Firebolt and Rain Capital.
Ready to strike
April | 12 million dollars
Ready to strike received $12 million in Series A financing, led by 33N Ventures, with participation from Hitachi Ventures, Monta Vista Capital and industry luminaries Brian NeSmith, executive chairman and former CEO of Arctic Wolf; and Rod Beckstrom, former CEO of ICANN and founding director of the US National Cybersecurity Center (now CISA).
Sublime security
April | 20 million dollars
Sublime security raised $20 million in Series A financing, led by Index Ventures with participation from previous investors Decibel Partners and Slow Ventures.
Sweet security
March | $33 million
Six months after coming out of stealth, Sweet security announced an investment of $33 million Series A financing cycle. The round was led by Evolution Equity Partners, joined by Munich Re Ventures and Glilot Capital Partners.
Vicar
January | $30 million
Vicar raised $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). The company’s total funding, including investments from previous investors such as JVP, now stands at more than $56 million. The vulnerability management market is expected to reach over $21 billion by 2028.
