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HYCU locks down additional funding to grow its cloud data protection business

TechCrunch

In an email interview with TechCrunch, CEO Simon Taylor said that the proceeds will be put toward expanding HYCU’s 300-person team with a particular focus on customer success and partnerships as well as funding the development of new products and services, including a software-as-a-service product.

Data 101
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Real-time database startup Imply reaches unicorn status with $100M infusion

TechCrunch

As evidenced by the larger and larger funding tranches, investors believe that there’s a sizeable market for real-time databases. Thoma Bravo led Imply’s round with participation from OMERS Growth Equity, Bessemer Venture Funds, Andreessen Horowitz, and Khosla Ventures. billion post-money.

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Versa raises $120M for its software-defined networking and security stack

TechCrunch

And Gartner estimates spending on information security and risk management will total $172 billion in 2022, up from $155 billion in 2021 and $137 billion the year prior. Kelly Ahuja, a Cisco alum, was tapped as Versa’s CEO in 2016. It helps these vendors have customers — or at least potential customers — in droves.

Network 77
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ForgeRock files for IPO as identity and access management business grows

TechCrunch

Based in San Francisco, ForgeRock has raised $233 million in funding across multiple rounds. There have also been a few big exits in the space over the years, including Duo Security, which was acquired by Cisco for $2.35 The company’s last round was a $93.5 billion in 2018.

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Traceable AI nabs $60M to secure app APIs using machine learning

TechCrunch

Gartner predicts that 90% of web-enabled apps will have more attack surfaces exposed in APIs than user interfaces and that API abuses will become the top attack vector for most companies in 2022. Bansal is a serial entrepreneur, having cofounded app performance management company AppDynamics (which was acquired by Cisco for $3.7

API 93
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MetalSoft aims to help manage server infrastructure through automation

TechCrunch

In a recent Gartner survey , IT executives cited talent shortages as the top barrier to adopting emerging technologies. ” While MetalSoft competes with heavyweights like Cisco and OpenStack, it’s likely to benefit from the recent uptick in investment in on-premises infrastructure.