Sector Updates

Sector Updates

Data protection platform Virtru collects $60m

Data protection platform developer Virtru has collected $60m in an investment round as it looks to bolster its team.

Digital transformation, hybrid working and ESG – RegTech trends to watch out for in...

After a strong 2021, many RegTech companies are looking ahead to the new year with optimism for another year of advancement and greater innovation. With the pandemic still raging on, 2022 could be another year for RegTech companies to further ingrain themselves into the system. What trends should the industry look out for this year?

Brand abuse cyberattacks rocket in Q3 2021 with huge 274% climb

A report by payments authentication and monitoring solutions provider Outseer has detailed a massive spike in global brand abuse attacks in the third quarter of 2021.

Scarlett Johansson, Chris Evans among celebs to back 1Password

Canadian cybersecurity unicorn 1Password has extended its valuation to $6.8bn after it closed a star-studded Series C round on $620m.

New XDR firm launches from McAfee Enterprise and FireEye merger

Trellix, an extended detection and response (XDR) solutions provider, has been officially launched as a result of the merger of McAfee Enterprise and FireEye.

Tax platform April bags $10m seed capital

US-based tech-powered tax platform April Tax Solutions has raised $10m from a seed funding round and has officially launched operations.

Polar Security ices $8.5m seed funding following stealth period

Israeli cloud security firm Polar Security has bagged $8.5m from a seed funding round following a period of stealth by the company.

Jumio acquires data marketplace 4Stop

Jumio, which develops AI-powered identity verification solutions, has completed the acquisition of data marketplace 4Stop.

Cyber insurance startup Baobab nets pre-seed

Baobab, which bundles cybersecurity and cyber insurance services, has reportedly collected €3.5m in its pre-seed funding round.

Banyan Security nabs Series B funding

Banyan Security, a zero-trust network access solution developer, has scored $30m in its Series B funding round.
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