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Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. 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.
Gartner predicted in a 2020 report that worldwide spending on information security and risk management technology and services would reach $150.4 We were approached to start a Series B and were able to do it at a time when many tech companies were challenged to raise money. ” To date, HYCU has raised $140 million.
Last September, SingleStore , which provides a platform to help enterprises integrate, monitor and query their data as a single entity, raised $80 million in a financing round. Yang was an R&D engineer at Cisco focusing on optimization algorithms for networking, while Merlino was a server software developer at Yahoo!
Based in San Francisco, ForgeRock has raised $233 million in funding across multiple rounds. billion in a deal that raised a few eyebrows. 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.
Traceable AI , a startup offering services designed to protect APIs from cyberattacks, today announced that it raised $60 million in a Series B round led by IVP with participation from BIG Labs, Unusual Ventures, Tiger Global Management, and several undisclosed angel investors.
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.
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