As cyber threats loom larger, the number of security vendors continues to grow and venture capital continues to flow across the cybersecurity ecosystem.
Three cybersecurity companies announced over the past week venture funding totaling some $94 million.
Security analytics company RedSeal, Inc. announced on Monday that it had secured $17 million in a Series C round, bringing their total investment to $56.1 million in five rounds from 11 investors.
HyTrust, the cloud security automation company, announced last Wednesday that it had raised $25 million in a Series D round, plus $8 million in venture debt and credit facilities from a syndicate of venture capital firms and strategic investors. This brings the total investment in HyTrust to $84.5 million from 11 investors.
“Security is a critical enabler for cloud adoption, and we believe this is a company that is poised for tremendous market growth. We look forward to leveraging our strategic ecosystem to help the company expand on a global basis,” Brian Nugent, founding principal and general partner at AITV, which led the HyTrust round.
Earlier, Tanium announced that is had raised an additional $52 million led by Andreessen, the sole investor in the systems and security management company, bringing the total investment to $142 million in three rounds.
“The ability to execute on this explosive market demand – while remaining cash flow positive – is a testament to our company, our people and our technology,” said Orion Hindawi, Tanium co-founder and CTO. “We thank the entire Andreessen Horowitz team for their vote of confidence as we prepare for another year of record growth and deliver on our vision to become the platform that every enterprise on the planet will use to communicate with all of the IT assets they own.”
The worldwide cybersecurity market is predicted to grow to an estimated $155.74 billion by 2019, according to the Cyber Security Market Report issued by MarketsandMarkets.