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Cybersecurity automation firm Torq lands $42M in expanded Series B

TechCrunch · 1y ago

Cybersecurity automation firm Torq lands $42M in expanded Series B

Torq, a cybersecurity startup specializing in hyperautomation, has raised an additional $42 million in an extension to its series B funding round. This brings their total funding to $120 million, which will be used to enhance their platform with AI capabilities, expand internationally, and increase their sales channel. Torq offers a solution that allows IT teams to create and deploy security workflows that integrate with existing cybersecurity infrastructure, leveraging generative AI to analyze and answer questions about security incidents. Despite a slowdown in cybersecurity funding, Torq has experienced rapid growth with 500% client base growth and 300% revenue growth in 2023.

Related News

Threat intelligence startup Cyble lands $24M investment

TechCrunch · 2y ago

Threat intelligence startup Cyble lands $24M investment

Cybersecurity startup Cyble raises $24 million in a Series B funding round, co-led by Blackbird Ventures and King River Capital, with participation from other investors. The funds will be used for general R&D and market expansion. Cyble specializes in threat intelligence, monitoring both dark web and surface web data to mitigate digital risks for customers, including government agencies and Fortune 50 brands. The company's groundbreaking tech has garnered global recognition, leading to its success in a challenging cybersecurity funding landscape.

Legit Security lands $40M to lock down apps and dev environments

TechCrunch · 1y ago

Legit Security lands $40M to lock down apps and dev environments

Legit Security, a cybersecurity company, has raised $40 million in a Series B funding round led by CRV. The funds will be used to expand sales, marketing, and research and development teams. Legit provides real-time visibility and security control across dev environments, securing the entire app dev environment from code to cloud. The platform aggregates vulnerabilities from different sources and integrates with traditional app security tools. Legit is part of the emerging category of application security posture management (ASPM) tools and competes with players like Apiiro, Cycode, and ArmorCode.

Siro lands $50M to expand its AI-powered coaching for sales reps | TechCrunch

TechCrunch · 3m ago

Siro lands $50M to expand its AI-powered coaching for sales reps | TechCrunch

Siro has secured $50 million in a Series B funding round led by SignalFire, including contributions from 01 Advisors and other notable investors. The AI firm aims to enhance sales representatives' interactions by transcribing sales meetings and offering insights via an app. The company developed its solution to address gaps observed by founder Jake Cronin, who initially recognized the need for better sales support while managing a knife sales team. Siro has now raised $75 million in total.

Israeli Cybersecurity Startup Guardz Raises $56 Million Series B to Support MSPs with AI-Driven MDR, Backed by Goldman Sachs | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Israeli Cybersecurity Startup Guardz Raises $56 Million Series B to Support MSPs with AI-Driven MDR, Backed by Goldman Sachs | DeepNewz VC

Israeli cybersecurity startup Guardz has raised $56 million in a Series B funding round. This investment aims to enhance the company's offerings, specifically targeting Managed Service Providers (MSPs) with enterprise-grade cybersecurity solutions tailored for the small and medium-sized business (SMB) economy.

Cyber Guru Raises $25M (€23M) in Series B to Expand AI-Driven Cybersecurity Training Platform

deepnewz

deepnewz · 10m ago

Cyber Guru Raises $25M (€23M) in Series B to Expand AI-Driven Cybersecurity Training Platform

Italian startup Cyber Guru has raised $25 million in a Series B funding round led by U.S. Venture Partners. The funding will be used to further develop their AI-driven cybersecurity awareness training platform, which focuses on helping organizations improve their resilience against cyber threats. This investment highlights the increasing interest in cybersecurity solutions as businesses prioritize digital security.

Sprinto Raises $20 Mn From Accel, Others

Inc42 · 1y ago

Sprinto Raises $20 Mn From Accel, Others

RegTech startup Sprinto has raised $20 million in Series B funding led by Accel. The funding round also included participation from existing investors Elevation Capital and Blume Ventures. Sprinto, founded in 2020, provides enterprises with automation tools for risk and compliance requirements. The company plans to use the funding for research and development, focusing on intelligent automation and artificial intelligence, as well as expanding into new markets.

With backing from NATO Innovation Fund, OTB Ventures will invest $185 million into European deep tech

TechCrunch · 1y ago

With backing from NATO Innovation Fund, OTB Ventures will invest $185 million into European deep tech

OTB Ventures, a venture capital firm focused on deep tech investments in Europe, has closed a $185 million fund. The fund, mostly targeted at Series A-stage startups, will support disruptive technologies in sectors such as space tech, enterprise automation and AI, cybersecurity, and fintech infrastructure. The European Investment Fund and the NATO Innovation Fund were among the backers of the fund, which aims to fuel innovation leveraging Europe's tech talent pool. OTB Ventures' previous fund has already seen successful exits, including the acquisition of BabbleLabs by Cisco and the sale of Minit to Microsoft.

Drone Startup Aereo Bags $15 Mn To Expand Its Aerial Intelligence Solutions

Inc42 · 1y ago

Drone Startup Aereo Bags $15 Mn To Expand Its Aerial Intelligence Solutions

Aereo, a drone company specializing in enterprise drone solutions, has raised an undisclosed amount in a Series B funding round led by venture capital firm Qualgro. The funding will aid in Aereo's growth and development, with a focus on automation. Aereo, formerly known as AUS, offers commercial-grade drones for various sectors including mining, infrastructure, agriculture, and energy. Other participants in the funding round include StartupXseed Ventures and Navam Capital. Founded in 2013 by Singh and Banshiwala, Aereo aims to provide innovative drone-based solutions for enterprise customers.

Nucleus Security Raises $43M in Series B Funding

Finsmes · 1y ago

Nucleus Security Raises $43M in Series B Funding

Sarasota-based cybersecurity firm Nucleus Security has secured $43 million in Series B funding led by Arthur Ventures and Lead Edge Capital. Strategic investor In-Q-Tel (IQT) also joined the round. Nucleus plans to use the funds to accelerate its product innovation, research, and development efforts. The company specializes in risk-based vulnerability management software and serves enterprise clients globally. Its platform aims to provide a unified solution for delivering timely vulnerability information to stakeholders and aligning security organizations to respond to threats effectively.

Greenly lands $52M to help smaller companies track CO2 emissions

TechCrunch · 1y ago

Greenly lands $52M to help smaller companies track CO2 emissions

Paris-based startup Greenly aims to help small and mid-sized companies cope with their net-zero emissions goals by providing carbon accounting software. The software collects data from various sources and uses algorithms to calculate carbon emissions for different categories and scopes. Greenly, which achieved over $10m in annual recurring revenue last year, plans to expand its offerings to include life cycle assessments for individual products. To support its expansion, the company recently raised $52m in a Series B funding round led by Fidelity International Strategic Ventures. The funding indicates growing investor interest in climate tech.

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