Cybersecurity unicorn Cloudflare is likely to transition to the public markets in the first half of 2019 in what is poised to be a strong year for IPOs in the security industry. The web performance and security platform is said to be preparing for an IPO at a potential valuation of more than $3.5 billion after last raising capital in 2015 at a $1.8 billion valuation.
Gigamon Inc has agreed to buy cybersecurity startup ICEBRG, Gigamon Chief Executive Paul Hooper told Reuters in an interview. The ICEBRG deal gives Gigamon more expertise in cybersecurity and “takes it more into the world of subscription software.” The terms of the deal were not disclosed, though sources familiar with the matter said it values the Seattle-based startup at roughly $100 million.
Mornarx is using a new approach to stop these web-born intrusions. “We are using the application stack to protect itself,” said Matt Hoffman, CEO at Monarx. “It’s our opinion that traditional network security strategies have not been effective, especially when it comes to web-based attacks. Malicious code is still inserted into systems every day.”
“It’s okay to have your stomach turn in knots. It’s okay to sweat, it’s okay to be frustrated. It’s a ton of fun,” Modersitzki said. “A career is a life of adjustments on a straight path. Be willing to adjust along the way.”
Insurance giant IAG has taken part in a $17 million raising for UpGuard, a homegrown cyber security business now based in San Francisco.
The company just raised millions. When insurers are determining whether to cover a house, they typically require an inspector to come do a walkthrough. The checkup helps underwriters assess what level of risk they’re taking on, and to draft policies accordingly. UpGuard (née ScriptRock), a startup based in Mountain View, Calif., offers the digital equivalent […]
The Alert Correlation Platform that turns the huge volumes of IT data and alerts into consolidated insights for businesses, today announced that it has added $5 million to its Series B financing round for a total of $21 million.
Survey shows 90% of CIOs expect to be attacked because they’re blind to new threats