Post Location: Cyber, AI, and Deep Tech

Cybersecurity Company Expel Announces $40 Million in Series C Funding

Expel, the leader in making customers smile when they hear the term “managed security,”  announced today that the company secured $40 Million in Series C funding. The funding round was led by Index Ventures with participation from Battery Ventures, Greycroft, NEA, Paladin Capital Group and Scale Venture Partners. Shardul Shah, partner at Index Ventures will join Expel’s board of directors. To date, Expel has secured a combined total of $67.5 Million in funding.

Cybersecurity experts to gather in Luxembourg, 23 May 2019

Local business leaders will examine global cyber threats and identify solutions at event led by global cyber investment firm, Paladin Capital Group, and hosted at C3 Cybersecurity Competence Center in Luxembourg.  Speakers include PhD in cyberpsychology and Infosecurity Hall of Fame member, Mary Aiken, and Luxembourg’s CISO of the Year 2017, Maria-Dolores Perez, KBL Group.

Cybersecurity Startup GreyNoise Secures Seed Funding to Reduce Internet Background Noise

GreyNoise Intelligence, founded by Andrew Morris, today announced that the company has completed a $600K seed financing. GreyNoise identifies Internet background noise caused by benign sources that inflate the volume of security alerts that security operations teams need to analyze.  Consisting largely of false positives, filtering this background noise out allows security teams to streamline and prioritize threat analysis.

White Ops, Google Dismantle Massive Online Fraud Operation Named ‘3ve’

White Ops today announced that it has dismantled one of the most sophisticated ad fraud operations to date in collaboration with Google and other key partners. This complex and ever-shifting global network of malicious bots, named “3ve” (pronounced “Eve”), infected at minimum 1.7 million computers at any given time, counterfeited more than 10,000 websites, and generated between 3 to 12 billion requests per day to sell fake online advertising.

Vice Admiral (Ret.) Jan Tighe Joins Paladin Capital Group’s Strategic Advisory Group

Further Strengthening Paladin Capital Group’s Strategic Advisory Group Paladin Capital Group is pleased to announce that Vice Admiral (Ret.) Jan Tighe, has joined Paladin’s Strategic Advisory Group. “Jan is one of the world’s foremost authorities on cyber security serving as Commander, Tenth Fleet/Fleet Cyber Command. We are delighted to welcome her at this exciting time […]

Department of Defense Selects Bugcrowd to ‘Hack the Pentagon’

We are thrilled to be part of the DoD’s security posture and announce that the Department of Defense (DoD) has awarded Bugcrowd a contract to expand the DoD’s “Hack the Pentagon” Crowdsourced Digital Defense Program. The program, which includes expanded bug bounties and other crowdsourced security programs is aimed at boosting the Pentagon’s capacity to strengthen security for sensitive, internal assets.

Teraki completes $3M in financing to deliver AI and edge processing to meet exploding data analytics demands of automotive industry

Breakthrough AI technology increases automotive chip, communications and learning performance more than 10X making highly accurate AI applications possible in embedded environments Paladin Capital Group and GPS Ventures funding will support customer implementations and accelerate roadmap development BERLIN, Sept. 27, 2018 – Teraki, a technology leader in AI and edge processing, today announced it has […]

SCYTHE Secures $3 Million in Initial Financing Round Led by Gula Tech Adventures

Top tech leaders invest in company delivering industry’s first real-world attack simulation capabilities for enterprise red and blue teams. ARLINGTON, Va.–(BUSINESS WIRE)–SCYTHE Inc., provider of the most advanced attack simulation platform on the market, today announced that the company has raised $3 million in an initial funding round led by cybersecurity industry veteran and co-founder of Tenable, Ron […]

Secure Application Development Company Secure Code Warrior Raises $3.5M

Funding from Paladin Capital Group and AirTree Ventures enables rapid expansion of North American and global operations SYDNEY, LONDON, BRUGES, BOSTON: 12 September 2018 – Secure application development platform provider Secure Code Warrior announced today that it has gained US$3.5 million in funding from two strategic venture capital firms.  The financing was led by Washington […]

Geospatial Intelligence Startup Ursa Announces $5.7 Million in New Funding

Ursa Space Systems, a provider of geospatial intelligence solutions, recently announced $5.7 million in new venture funding, led by RRE Ventures and including participation from S&P Global (NYSE: SPGI) and Paladin Capital Group. The company will use the funds to develop new products in response to strong customer demand, as well as expand current offerings to serve new customers and markets.

CYBER SECURITY COMPANY PANASEER RAISES $10 MILLION IN SERIES A FUNDING

Panaseer, a cyber security software company, today announced it has secured $10 million in Series A funding. The financing round was led by Evolution Equity Partners with participation from existing investors including Notion Capital, Albion Capital, Winton Ventures and Paladin Capital Group, as well as new investor Cisco Investments.

Former Ambassador Richard Verma Joins Paladin’s Strategic Advisory Group.

Paladin Capital Group is pleased to announce that Richard Verma, former U.S. Ambassador to India (2014-2017) and current Vice Chair at The Asia Group, will join Paladin’s Strategic Advisory Group (SAG).  Ambassador Verma brings 25 years of experience across senior levels of business, law, diplomacy, and the military. “We are very excited to have Rich […]

Cybersecurity Company Expel Announces $20 Million in Series B Funding

Led by Scale Venture Partners, investment will accelerate growth of transparent managed security provider HERNDON, Va.–(BUSINESS WIRE)–Expel (https://expel.io), the company that replaces what organizations spend on managed security service providers (MSSPs), announced it has secured $20 million in Series B funding led by Scale Venture Partners, a Silicon Valley-based venture capital firm investing in the […]

Bugcrowd Secures $26 Million to Enable Customers and Researchers to Outhack Them All

Bugcrowd, the leader in crowdsourced security, announced today it has closed $26 million in a Series C funding round led by Triangle Peak Partners. This funding comes on the heels of a record quarter where Bugcrowd added to its growing list of commercial and Fortune 500 customers, expanded globally with offices in London and Sydney, and grew its executive team.

Paladin Year in Review

Cyber in Review Friends of Paladin: At the end of 2017, our firm held a roundtable with leaders in cybersecurity representing local think tanks, law firms, universities, and U.S. Government agencies. During our discussion, we reflected on some of the more important events that occurred in 2017 and what new trends we anticipate coming to […]

Anomali Raises $40 Million in Series D Funding, Announces New Executive Hires

Anomali, the leading provider of threat management and collaboration solutions, announced today that it has closed an oversubscribed $40 million round of Series D funding. The round was led by Lumia Capital, a firm focused on helping technology market leaders expand globally. Deutsche Telekom Capital Partners (DTCP), Telstra and Sozo Ventures also participated in the round along with returning investors GV, General Catalyst, IVP and Paladin Capital Group.

PhishMe is Recognized by Deloitte’s 2017 Technology Fast 500™

PhishMe®, the leading provider of human phishing defense solutions, announced it has been recognized by Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. PhishMe was ranked No. 114 in the software category and No. 200 overall. This is the third consecutive year PhishMe has been named to the Deloitte Fast 500.

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 […]

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.

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.

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.

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.

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.

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.