Author: support@madebybridge.com

Exclusive: Top Hackers-For-Hire Startup Names New CEO

Original post found here by Robert Hackett   Bugcrowd, one of the world’s top bug bounty startups, is set to name a new chief executive on Monday. Casey Ellis, the erstwhile CEO, told Fortune this weekend that he is stepping aside to become chairman and chief technology officer of the firm he founded in 2012. His replacement […]

PhishMe Launches First Free Phishing Simulation Solution for Small Businesses

Human Phishing Defense Solution Designed to Reduce SMB End-User Susceptibility to Phishing Today PhishMe®, the leading provider of human phishing defense solutions, announced the availability of PhishMe Free™ – a no-cost phishing simulation solution for small businesses under 500 employees to condition employees and fortify their defenses against today’s advanced cyberattacks, such as ransomware, business email compromise and […]

RiskLens Secures $5M Series A Equity Investment

Consistently recognized for its product innovation leadership, RiskLens helps enterprise security and risk management professionals quantify their information security risk posture RiskLens, the leading provider of cyber risk quantification solutions, today announced it has closed a $5M Series A round of equity investment led by Osage Venture Partners with additional proceeds from Paladin Capital Group, Dell Technologies Capital and Kick-Start. […]

Internet’s invisibility cloak foments crime, pioneering cyber-psychologist says

Irish cyber-psychologist Mary Aiken, who inspired TV’s ‘CSI: Cyber,’ says we must measure kids’ tech prowess and identify those at risk of becoming teen hackers BY SHOSHANNA SOLOMON | Originally published July 6, 2017, via the Times of Israel (original article found here) Harry Potter enthusiasts know all about the invisibility cloak he inherited from his father: it […]

Karamba Security Closes $12M in Series B Financing to Address Increasing Demand for its Preventive Approach to Automotive Cybersecurity

Karamba Security, a provider of cybersecurity solutions for connected and autonomous vehicles, today announced $12 million in Series B funding, bringing total investment in the company to $17 million, 15 months after closing a seed round in March 2016. The funding was driven by investors’ excitement over customer engagements, resulting from Karamba’s unique automotive cyberprevention technology. The investment will be used to expand customer support, sales and R&D organizations so that it can meet the rapidly growing demand.

Paladin SAG Member Professor Mary Aiken Inducted Into Infosecurity Europe’s Hall of Fame

Today, Infosecurity Europe, Europe’s no.1 information security event, announced Professor Mary Aiken will be inducted into the event’s Hall of Fame for 2017.  The history of computing and information security has attracted many brilliant minds that have dedicated their lives to its advancement. Established in 2008, the Infosecurity Europe Hall of Fame recognises individuals who […]

Muse bio secures $23M Series B financing led by Venrock

Muse bio, a privately-held company leading the development of next-generation genome engineering capabilities, today announced the completion of a $23 million Series B financing. The oversubscribed financing was led by Venrock and included investments from Foresite Capital and Paladin Capital as well as both Series A investors, NanoDimension and Spruce/MLS.

Accenture to Expand Proactive Cybersecurity Defense Services Capabilities with Acquisition of Endgame Federal Services Business

Accenture (NYSE: ACN) has entered into an agreement to acquire the U.S. federal government services business of Endgame Inc., a privately held endpoint detection and response (EDR) cybersecurity software company based in Arlington, VA. Endgame’s federal government services business, which will become part of Accenture Federal Services, specializes in proactive cyber defense, hunt-as-a-service capabilities, red […]

PhishMe Reports Explosive Growth: Annual Run Rate Approaches $50 Million

PhishMe Inc., the leading provider of human phishing defense solutions, today announced another year of record growth, with Annual Run Rate (ARR) approaching $50 million. PhishMe’s more than 300 employees now serve 1,200 enterprise customers world-wide to defend against cybercriminals, hacktivists and state-sponsored hackers.

New Security Startup Expel Secures $7.5 Million Series A Financing

Expel, Inc., a new cyber security company founded by prominent industry veterans, announced it closed $7.5 million in Series A funding from experienced security investors. The financing was led by Paladin Capital Group, with participation from New Enterprise Associates, Battery Ventures, Greycroft Partners, Lightbank, and other strategic and individual investors. Expel is founded by senior executives previously at FireEye and Mandiant.

White Ops snags $20 million Series B

White Ops, the leading provider of sophisticated invalid traffic (SIVT) detection and prevention services for the digital advertising market, today announced that it has closed a $20 million Series B funding round. Original investors Paladin Capital Group and Grotech Ventures led the new funding round with participation from additional cyber security industry investors.

Anomali Secures Strategic Investment By In-Q-Tel

Anomali, the provider of the market-leading ThreatStream threat intelligence and Anomali Enterprise platforms, announced today its technology development agreement with In-Q-Tel (IQT), the independent, non-profit strategic investor that identifies, adapts and delivers innovative technology solutions to support the mission of the U.S. Intelligence Community (IC).

FCA US Launches Bug Bounty Program to Advance Vehicle Cybersecurity

Reflecting the rapidly increasing convergence of connectivity technology and the automotive industry, FCA US LLC today announced the launch of a public bug bounty program on the Bugcrowd platform to enhance the safety and security of its consumers, their vehicles and connected services.

CSC and Racemi Form Strategic Collaboration to Accelerate Enterprise Migration to the Cloud

CSC (NYSE: CSC), a global leader in next-generation IT services and hybrid cloud solutions, and Racemi, a U.S.-based pioneer in migrating applications to the public cloud, today announced that the companies have entered into an agreement to jointly help clients accelerate their transformation to leading cloud environments – including Amazon Web Services, Microsoft Azure and IBM Softlayer.

Anomali Lands $30 Million in Series C Funding

Anomali, the provider of the market-leading ThreatStream threat intelligence and Anomali Enterprise platforms, today announced it has raised $30 million in series C funding. The round, led by Institutional Venture Partners (IVP), includes significant investments from General Catalyst Partners, GV (formerly Google Ventures) and Paladin Capital Group.

Paladin Capital Announces Funding for Research into the Motivations of Young People to Become Cybercriminals

Paladin Capital Group, a Washington DC based private equity firm specialising in cyber security, announces today at Europol’s EC3 Academic Advisory Network Annual Conference that it is funding a research project called “Young People and Pathways into CyberCrime”. The research will be provided by high profile academics from Middlesex London University, Hawaii Pacific University and University College Dublin and supported by Europol’s EC3

Blockchain intelligence firm Elliptic raises $5 million Series A

Blockchain intelligence firm Elliptic today announced a $5 million Series A funding round led by Paladin Capital Group, with participation from Santander InnoVentures, KRW Schindler, Digital Currency Group, and existing investor, Octopus Ventures. Christopher Steed, Managing Director of Paladin Capital Group, will join Elliptic’s board of directors alongside Octopus Ventures, and Santander InnoVentures will join as a board observer.

10x Genomics Completes $55 Million Series C Financing

10x Genomics, a company focused on improving and broadening the application of genomic information today announced the close of a $55 million Series C financing. The financing round was led by Fidelity Management & Research Company and included additional new investors Softbank and JS Capital Management LLC, alongside founding investors Venrock, Foresite Capital, and Paladin Capital.

The Dark Net: Policing the Internet’s Underworld

By Sir David Omand First published in the World Policy Journal Winter 2015/2016 LONDON—In 1910, one of the last remaining bands of outlaws of America’s Wild West emerged from their hideout in the Sierra Ladrones Mountains in New Mexico and …

Digital Shadows Announces $14 Million Series B Funding Raise

Digital Shadows, the only company to offer organizations cyber situational awareness, today announced that it has closed its Series B funding at $14 million, led by Trinity Ventures, with general partner Fred Wang joining the company’s Board of Directors. Existing investors Storm Ventures, TenEleven Ventures and Passion Capital also participated, and the company also welcomed new investor Paladin Capital Group.

Twist Bioscience Completes $61 Million Series D Financing and $20 Million Debt Facility

Twist Bioscience, a company accelerating science and innovation through rapid, high-quality DNA synthesis, today announced the completion of a $61 million Series D private financing. Crossover participants in the round include ARCH Overage Fund, Merieux Developpement, Cormorant Asset Management LLC, Fidelity Management and Research Company and Foresite Capital Management LLC. Additional investors include ARCH Venture Partners, WuXi Healthcare Ventures, Illumina, Inc., Nick and Joby Pritzker (through their family’s firm Tao Invest), Paladin Capital Group, Yuri Milner, Boris Nikolic and additional strategic corporate and venture investors.

Emily Leproust Of Twist Bioscience Named 2015 Global Thinker By Foreign Policy Magazine

Twist Bioscience, a company focused on synthetic DNA, today announced that its CEO, Emily Leproust, Ph.D., has been selected as one of Foreign Policy’s 100 Leading Global Thinkers of 2015 for fast-tracking the building blocks of life. Each year, Foreign Policy selects the leading Global Thinkers whose contributions and work have changed lives and are shaping the world.

ProtectWise Raises $20 Million In Series B

ProtectWise, provider of the industry’s first Cloud Network DVR for complete detection, visibility and response to enterprise threats, today announced it has closed its Series B round of funding of $20 million. In total, the company has raised more than $37 million dollars in venture capital funding since May 2013. The new funding will be used to support the company’s continued growth, technology innovation and market expansion.

PhishMe Named to Inc. 5000 List of Fastest Growing Private Companies; Identified as a Top 10 Security Company

PhishMe® Inc., the leading provider of phishing threat management solutions that empower employees to be a layer of human security sensors against phishing, malware, and drive-by attacks, today announced that Inc. Magazine has named it one of the 2015 Top 5000 Fastest-Growing Private Companies in the U.S. PhishMe ranked in the 89th percentile of all companies evaluated. Among security companies, it ranked in the top 10 nationwide and No. 2 in the State of Virginia.

Twist Bioscience Raises $37 Million In Oversubscribed Series C Financing

Twist Bioscience, a company focused on synthetic DNA, today announced the completion of a $37 million Series C financing. Led by Illumina, Inc., participants in the round include new investors Fidelity Management and Research Company and Foresite Capital Management LLC, as well as all existing investors including Nick and Joby Pritzker (through their family’s firm Tao Invest), ARCH Venture Partners, Paladin Capital Group, Yuri Milner, and additional strategic corporate and venture investors.

PhishMe Unveils New Security Solution for Enhanced Visibility into Targeted Phishing Attacks

PhishMe® Inc., the leading provider of phishing threat management solutions that empower employees to be a layer of human security sensors against phishing, malware, and drive-by attacks, today introduces PhishMe Triage, a new product offering that gives incident responders the analytics and visibility into email-based attacks occurring against their organizations in near real-time.

ProtectWise Emerges from Stealth with More than $17 Million in Funding to Launch World’s First Cloud Network DVR for Enterprise Security

ProtectWise exits stealth today to launch a breakthrough cloud-based architecture poised to change the landscape of enterprise network security. ProtectWise leverages cloud economies of scale to deliver a subscription-based service that eliminates blind spots in threat detection, ends alarm fatigue by identifying and prioritizing network threats, and delivers faster and more effective incident response.

Paladin Completes Successful Exit of Biofuels Investment

Paladin Capital Group has completed a successful exit of its 49.9% ownership stake in Guardian Lima Holdings, a joint venture of a 60 million gallon per year biofuel production facility located in Lima, Ohio. Paladin’s stake in the joint venture was purchased by Guardian Energy Holdings, the 50.1% owner and strategic partner in the joint venture. With the closing of the transaction, Guardian Energy now owns 100% of the facility.

10X Genomics Closes $55.5 Million Series B Round

10X Genomics, a provider of an innovative genomics platform, today announced that it has raised $55.5 Million in its Series B financing. Foresite Capital Management led the B round and was joined by the Series A lead, Venrock, as well as new and existing investors, including Paladin Capital Group and funds managed by Morgan Stanley Investment Management. To date, the company has raised a total of more than $80M.

The Bot Baseline: Fraud in Digital Advertising

Advertisers will lose $6.3 billion globally to bots in 2015 The ANA partnered with White Ops, a security company with experience eradicating ad fraud on an initiative to determine the level of bot fraud occurring across the digital advertising industry. The ANA recruited 36 member companies to participate. The participants worked with a wide variety of […]

ThreatStream Lands $22 Million in Series B Funding Led by General Catalyst Partners

ThreatStream, the provider of a threat intelligence platform that identifies cyber threats and facilitates trusted threat sharing, today announced that it has raised $22 million in series B funding led by General Catalyst Partners, with significant investment by new investors Institutional Venture Partners and previous investors Google Ventures and Paladin Capital Group.

Endgame Raises $30 Million Series C Round to Accelerate Growth in Enterprise Security Market

Endgame, Inc., a leading provider of security intelligence and analytics solutions for large enterprises, today announced it has closed a $30 million Series C equity financing round. Joining Endgame’s syndicate of investors, Bessemer Venture Partners, Paladin Capital Group, Columbia Capital, and Kleiner Perkins Caufield & Byers, are new investors Edgemore Capital and Top Tier Capital Partners co-leading the round, with participation from additional new investor Savano Capital Partners.

Racemi Announces $10 Million Series C Funding

Racemi, a provider of automated server migration software, has closed a $10 million Series C round of venture financing. The round included new investors, led by Milestone Venture Partners, along with existing investors Harbert Venture Partners, and Paladin Capital Group.

Newlans, Inc. Closes $20 Million Series B Financing With $5 Million from Verizon Ventures

Newlans, a technology innovator in RF solutions, today announced that it has raised an additional $5 million investment from Verizon Ventures to complete its Series B financing round, totaling $20 million. The initial $15 million closing in February included existing investors Paladin Capital and Lockheed Martin, as well as two new strategic partners. The funding will be used to accelerate the development and commercialization of Newlans’ Programmable Duplexer, targeting front-end radio frequency modules for 4G LTE mobile devices and small cells.

Twist Bioscience Secures $31.1 Million

Twist Bioscience today announced that it raised $26 million in a Series B financing to commercialize the company’s semiconductor-based synthetic gene manufacturing process. Nick and Joby Pritzker, through their family’s firm Tao Invest, led the round, with participation from ARCH Venture Partners, Paladin Capital Group, Yuri Milner and additional strategic corporate and venture investors.

Damballa Raises $13 Million for Global Expansion

Damballa has raised $13 million from existing investors to capitalize on growing demand for its automated breach defenseplatform. The company will leverage the additional funds for North American and international sales expansion, as well as marketing and channel efforts. The fundraising comes on the heels of the company’s best year to date in 2013, and a record Q1 2014.

PhishMe Reports Third Consecutive Year of Extraordinary Growth

PhishMe Inc., creator of the industry-leading phishing mitigation and detection platform, today reported extraordinary corporate performance for the 2013 fiscal year. Bookings grew 130% over the previous year and the company achieved significant increases across all key corporate performance measures, including the largest fourth quarter in company history.

BuildingIQ Doubles Revenue in Q4, Strong Finish to a Successful Year

BuildingIQ, a leading energy management software company, today announced its financial results for the fourth quarter, concluding a strong 2013 fiscal year. Recurring revenue doubled in the fourth quarter with a record level of bookings that totaled over $900,000. BuildingIQ also more than doubled the amount of buildings under management in the fourth quarter.

Founder of Mandiant and Chief Operating Officer of FireEye Joins PhishMe Board of Directors

PhishMe® Inc. today announced the appointment of Kevin Mandia to its Board of Directors. As the leading provider of immersive security behavior management, PhishMe helps enterprises improve employee resilience to and reporting of targeted phishing, malware, and drive-by attacks – the most common attack vectors used to compromise corporate and government networks today.

Paladin Capital Group Marks Another Successful Exit in Sale of Unitrends

Unitrends, the leading provider of all-in-one backup, archiving, instant recovery and disaster recovery solutions, today announced that it has received a major growth equity investment from Insight Venture Partners, a leading global private equity and venture capital firm. Financial terms of the transaction were not disclosed.

Bugcrowd announces $1.6M seed round, US HQ

Crowdsourced security startup Bugcrowd today announced it closed a $1.6 million seed round from top investors including Icon Venture Partners, Paladin Capital Group, Square Peg Capital and select angel investors. The capital will be used primarily to develop sales and marketing operations, expand the team, and support a fast-growing community of more than 3,000 security testers.

PerspecSys, Inc. Raises $12M Round of Series B Equity Financing

PerspecSys Inc., the leader in cloud data protection solutions for the enterprise, today announced it has raised $12 million in funding co-led by new investors Paladin Capital Group and Ascent Venture Partners, and joined by return backer Intel Capital and other existing institutional investors.

Endgame, Inc. Raises $23M Series B Round of Equity Financing

Endgame, Inc., a leading provider of battle-tested cyber security solutions, announced today that it has closed a $23 million Series B equity financing to fund growth in its existing federal customer base as well as expansion into the commercial market.

Samsung Partners with Fixmo for Global Rights to Embedded Mobile Security Software

Fixmo announced strategic partnership with Samsung that will see the global leader in smartphones embed Fixmo’s patented Sentinel Integrity Services technology on Samsung smartphones and tablets. The partnership comes at a critical time as Government agencies and Enterprise IT around the world look to expand their deployments of consumer-­‐grade Android devices for critical business applications with ensured corporate security, integrity and compliance.

Fixmo Secures Strategic Investment from Samsung Ventures

Fixmo, the leader in mobile security and risk management solutions for public and private sector organizations, today announced that it has received a strategic investment from Samsung Venture Investment Corporation (Samsung Ventures), the venture capital arm of the Samsung Group.

Cloud Migration Company Announces $7 Million Funding

Racemi, the moving company for the cloud, announced today it has closed a $7 million Series B round of venture financing to further develop and market its software for migrating workloads to cloud computing.

Local Projects Replace Global Investments in Mideast

DUBAI — Governments in the Middle East are investing less internationally than they have at any time in the past three years, as pressure to focus on domestic needs has shifted their attention away from global trophy acquisitions, analysts say.

Hundreds of Military Children and Spouses to Receive College Scholarships in ThanksUSA’s Seventh National Competition

WASHINGTON, March 30, 2012 /PRNewswire-USNewswire/ — The seventh annual ThanksUSA scholarship application season opens on April 1, 2012, giving families of U.S. troops the opportunity to pursue post-secondary education. This year’s competition boasts more support than ever, thanks to new sponsors and fundraising events. A charitable effort that mobilizes Americans of all ages to “thank” […]

‘Active defense’ experts call for larger role for U.S. Cyber Command

SAN FRANCISCO – A panel of experts with intimate knowledge of the inner workings of the National Security Agency (NSA) told RSA Conference 2012 attendees that the U.S. Cyber Command must assume a larger role in securing the Internet, despite the privacy concerns expressed by lawmakers and the public.

Fixmo Announces Advisory Board, Adds to Board of Directors

Fixmo Inc., the mobile risk management (MRM) company, today announced its new Board of Advisors. Charter members include Mr. Bob Gourley, CTO at Crucial Point LLC; Mr. Wilson “Bill” Livingood, a 33-year veteran of the United States Secret Service and Sergeant at Arms (Ret.) of the United States House of Representatives for the 104th Congress; and Rear Admiral Arthur Lawrence, Assistant Surgeon General (Ret.)

Paladin Capital Group Promotions: Dr. Paul Conley to Managing Director

Paladin Capital Group, a leading multi-stage private equity firm based in Washington D.C., is pleased to announce the promotion of Dr. Paul Conley to Managing Director. Dr. Conley possesses a broad set of skills and deep experience base as an investor, entrepreneur and technologist and has been a key principal leading new investments for the firm.

Paladin Capital Group Marks Another Successful Exit in Sale of QuantaLife

QuantaLife, one of the nation’s most promising life sciences companies, was purchased this week by Bio-Rad Laboratories for $162 million – marking another successful exit for Paladin Capital Group. Paladin helped nurture QuantaLife from a tiny startup with a great idea to a dynamic company that is helping to accelerate the search for causes, cures and diagnostics for many important diseases, including cancer, HIV and genetic birth defects.

CyberCore Welcomes Paladin Capital Group as New Investor

CyberCore Technologies (“CyberCore”), a leading provider of information technology services to the federal government and intelligence community with expertise in cyber security, systems integration and secure supply chain management, today announced that the Paladin Capital Group has made an investment in the company. The investment comes after Cybercore was acquired by Moelis Capital Partners (MCP), the private equity business affiliated with Moelis & Company, in July.

Moog Acquires Crossbow Technologies Inc

East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that it has acquired Crossbow Technology Inc. Crossbow, headquartered in Milpitas, CA, is a designer and manufacturer of acceleration sensors that are integrated into inertial navigation and guidance systems. The products are used in a variety of aerospace, defense and transportation applications. The purchase price is approximately $32 million, net of Crossbow’s cash balances.

Unitrends Reports 45 Percent Rise In Q1 Results and Highest in Company History

Data protection vendor reaches its highest Q1 revenue yet, seeing a 45 percent increase from Q1 2010  COLUMBIA, S.C., April 27, 2011 ––Unitrends, an innovator in all-in-one backup and disaster recovery solutions, today reports unprecedented 2011 Q1 results.Unitrends has reached several milestones in the last year and has seen exponential growth in its revenue, customer […]