DATA SECURITY

NightDragon Closes $750M Growth Fund as Part of Next-Generation Cybersecurity, Safety, Security and Privacy Platform

NightDragon | August 02, 2021

NightDragon today announced the close of NightDragon Growth I, a new $750 million venture capital fund to invest in and advise late-stage and growth companies in the cybersecurity, safety, security and privacy industry. The fund will aim to advance the industry and close the gap between offense and defense amidst today's aggressive threat landscape.

The NightDragon team is led by Founder and Managing Director Dave DeWalt, a long-time cybersecurity veteran and the former CEO of FireEye, McAfee and Documentum. He is joined by Managing Director Ken Gonzalez and Partner Morgan Kyauk, bringing together decades of experience leading and operating some of cybersecurity and technology's most significant companies.

The fund comes at a time when physical and cybersecurity threats are significantly damaging businesses and government organizations around the world. The team plans to use its significant industry expertise, extensive network and government connections to identify the most critical gaps causing these challenges and invest in the companies that can solve them. 

"NightDragon is committed to investing and advising companies that we believe can help advance the state of security from silicon to satellite," said Dave DeWalt, Founder and Managing Director, NightDragon. "I could not be prouder to announce this NightDragon fund and work alongside this team, our partners and the broader NightDragon Network to support this critical mission."

NightDragon Growth I is part of the broader NightDragon Platform, which includes partnerships, people and programs at every stage of the startup journey from incubation to IPO and exit. This includes affiliations with leading incubators, early-stage investment firms, NightDragon Advisory, private equity companies, IPO experts and M&A firms. Partners in this platform include DataTribe, AllegisCyber Capital, Team8, YL Ventures and Momentum Cyber.

These partnerships add to a set of programs available exclusively to NightDragon portfolio companies under the NightDragon Network, including ND Talent, ND Government Services and ND Go-to-Market. These programs help give NightDragon companies the edge and expertise to break into new markets, recruit new talent, grow internationally, align with leading technology, service provider and systems integrator partners and more. Partners include Carahsoft, Macnica, Cyber Future Foundation and the Athena Alliance.

"At NightDragon, we know that growing a successful company is much more than investing capital. We have assembled a team that has the operational and industry expertise to help our portfolio companies thrive, not only for successful investment outcomes but also to achieve our broader security mission," said Ken Gonzalez, Managing Director, NightDragon.

"From widespread ransomware to supply chain attacks, it is clear we need a next generation of cybersecurity, safety, security and privacy companies to secure our digital ecosystem. Having worked with Dave, Ken, Morgan and the rest of the NightDragon team for many years, I have seen first-hand their industry and operational expertise and am confident they can help shape this industry for the better," said Admiral Michael Rogers, former Director of the NSA.

"The operational and industry expertise of the NightDragon team has been unparalleled in helping our company grow to new levels of success. We are honored to partner with them as a portfolio company and look forward to seeing their impact increase under this new fund," said Paul Martini, CEO, iboss, a NightDragon portfolio company.

"By partnering with NightDragon, we know we are helping our customers align with some of the most innovative companies in the cybersecurity, safety, security and privacy industry. We are proud to be part of the NightDragon Platform and contribute to the mission of better securing our nation's organizations and governments," said Craig P. Abod, President, Carahsoft.

About NightDragon
NightDragon is an investment and advisory firm focused on growth and late-stage investments within the cybersecurity, safety, security and privacy industries. Its platform and vast industry network provide unparalleled threat insights, deal flow, market leverage and operating expertise to drive portfolio company growth and increase shareholder value. The NightDragon team has more than 25 years of operational and market expertise and was founded by Dave DeWalt and Ken Gonzalez, who served as senior executives leading technology companies such as Documentum, EMC, Siebel Systems (Oracle), McAfee, Mandiant, Avast and FireEye.

Spotlight

The U.S. has long been at the forefront of defense, but the rise of the Internet age creates serious challenges for the security of our digital information.The infographic below examines which U.S. states have the most public records for miscellaneous security breaches, revealing what areas are most at risk. With California leading the pack in most breaches, it’s safe to say that network security and disaster recovery are two important areas all Golden State businesses should cover, ASAP.

Spotlight

The U.S. has long been at the forefront of defense, but the rise of the Internet age creates serious challenges for the security of our digital information.The infographic below examines which U.S. states have the most public records for miscellaneous security breaches, revealing what areas are most at risk. With California leading the pack in most breaches, it’s safe to say that network security and disaster recovery are two important areas all Golden State businesses should cover, ASAP.

Related News

DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Radware Launches New Cloud Security Center in Taiwan

Radware | August 30, 2022

Radware® , a leading provider of cyber security and application delivery solutions, announced the launch of a new cloud security center in Taiwan. The facility will enable customers in Taiwan to secure their datacenters, networks, web and mobile applications, and their APIs with minimal latency, as well as mitigate compliance processes involved in offshore routing. The new security center will protect customers against denial-of-service attacks, web application attacks, malicious bot traffic, and attacks on APIs. This includes the OWASP Top 10 Web Application Security Risks for 2021, OWASP Top 21 Automated Threats to Web Applications, OWASP API Security Top 10, as well as volumetric distributed denial-of-service (DDoS) and application-level DDoS attacks. According to Radware’s First Half 2022 Global Threat Analysis Report, during the first six months of 2022: The number of malicious DDoS attacks climbed 203% compared to the first six months of 2021. The average number of DDoS events per month, per customer was almost 1.5 times higher in the first half of 2022, compared to 2021 and 2020. The number of malicious web application transactions grew by 38%, compared to the first six months of 2021, surpassing the total number of malicious transactions recorded in 2020. “As the size and speed of cyberattacks continue to rise, the launch of the new cloud security center in Taiwan enables us to deliver faster mitigation response times in the region along with the highest levels of security protection,” said Haim Zelikovsky, vice president of Radware’s cloud security services business. “The center also meets a growing demand for local security that complies with data sovereignty requirements.” The new security center in Taiwan is the latest addition to Radware’s cloud security network. Today, the network includes over 10Tbps of mitigation capacity across more than 50 security centers located around the globe. “Radware continues to make investments in protecting businesses and governments alike from the growing threat of cyberattacks. "Taiwan is located within an influential hub in the Asia-Pacific region. Information security is regarded as a national security issue. Setting up a cloud security center in Taiwan will help improve information security standards and increase regional cyber defenses.” Alan Lee, regional director for Radware in Taiwan and Hong Kong About Radware Radware® is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection, and availability services to enterprises globally. Radware’s solutions empower enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity, and achieve maximum productivity while keeping costs down. For more information, please visit the Radware website.

Read More

SOFTWARE SECURITY

Aqua Launches the Industry’s First Out-of-the-Box Runtime Security with Advanced Protection Against the Most Sophisticated Threats

Aqua Security | July 26, 2022

Aqua Security, the leading pure-play cloud native security provider, today announced the launch of out-of-the-box runtime protection with minimal configuration to stop attacks in real time on running workloads. Protection is composed of new curated and optimized default security controls, as well as advanced threat intel from observations of real attacks on cloud native environments. Both the controls and threat intel are the result of knowledge gained through years of securing customers’ live production environments. Customers can now apply this knowledge to achieve trusted and advanced runtime protection in minutes without requiring in-depth knowledge of their applications and environments. Using eBPF technology and threat intel from cyber research team Aqua Nautilus to identify advanced threats, Aqua surfaces the most critical issues in real time while also implementing a set of controls to protect running workloads immediately, without disrupting the business. “Aqua is transforming the runtime security paradigm. “Traditional runtime security requires security teams to have a great deal of cloud native knowledge, and as a result has been slow to adopt. Aqua is removing this barrier to adoption by making cloud workload threat protection immediately effective and easy for security professionals.” Amir Jerbi, CTO and co-founder, Aqua Security Stopping Attacks in Real Time with Runtime Security Recent data from Nautilus shows that one in three live attacks could be missed when relying exclusively on snapshot scanning of running workload images. Nautilus also found tens of thousands of instances of in-memory attacks and fileless attacks in a one-month period—attacks that would not be seen or stopped without kernel-level visibility. Aqua’s detection of anomalous behavior goes beyond point-in-time snapshots and catches malicious behavior of known and unknown threats in real time—this includes both known CVEs and zero-day exploits that have yet to be discovered. The new default runtime controls are based on ongoing recommendations from Aqua Nautilus, who detect and analyze 80,000 attacks a month using Aqua’s open source eBPF-based threat detection engine, Aqua Tracee. The result is real-time visibility at the kernel level that alerts customers the moment an attacker breaches a running workload, reducing attackers’ dwell time from months to milliseconds. Aqua’s Runtime Protection solution is part of Aqua’s fully integrated Cloud Native Application Protection Platform (CNAPP), the Aqua Platform. Customers of the Aqua Platform also have access to the entire, full set of customizable, advanced runtime capabilities if and when they decide to define and implement more stringent policies. Key benefits of Aqua Runtime Protection include: Discover attacks immediately with continuously updated kernel-level behavioral detection. Updates are based on cloud native threat research from Aqua Nautilus along with years of experience securing customer workloads in production. Respond faster and reduce attacker dwell time by stopping attacks with pattern-based anti-malware in production and the option to block or delete malware on access. Simplify incident investigation and rapidly determine the impact and attack path of a security incident with a detailed incident timeline including rich contextual information. “Unlike overly complex runtime solutions, legacy solutions not designed for cloud-native applications, or solutions that can’t detect in real time, our goal with this release is to provide runtime security that is simple to deploy, giving you effective real-time security out-of-the-box,” said Jerbi. “What this boils down to is that, unlike alternative solutions, Aqua’s Platform will both detect sophisticated attacks and stop them in real time.” Aqua’s out-of-the-box Runtime Protection is now available and will make an industry debut at AWS re:Inforce on July 26-27 in Boston at Booth 104. To learn more, visit Aqua’s YouTube. About Aqua Security Aqua Security stops cloud native attacks and is the only company with a $1 Million Cloud Native Protection Warranty to guarantee it. As the pioneer and largest pure-play cloud native security company, Aqua helps customers unlock innovation and build the future of their business. The Aqua Platform is the industry’s most integrated Cloud Native Application Protection Platform (CNAPP), prioritizing risk and automating prevention, detection and response across the lifecycle. Founded in 2015, Aqua is headquartered in Boston and Ramat Gan, Israel, with Fortune 1000 customers in over 40 countries.

Read More

DATA SECURITY,NETWORK THREAT DETECTION,PLATFORM SECURITY

NetSPI Launches Partner Program to Broaden Delivery of Offensive Security Services

NetSPI | August 18, 2022

NetSPI, the leader in enterprise penetration testing and attack surface management, today announced the launch of the NetSPI Partner Program which empowers its global channel and technology partners to deliver offensive security services during a time when it's needed most. Partners within the program can offer end users NetSPI's proven vulnerability management technologies and human-delivered offensive security services, allowing both the partner and NetSPI to expand product and service offerings, further develop customer relationships, and enter new markets. Additionally, last month NetSPI joined the AWS Marketplace, simplifying the procurement process for enterprise organizations with existing AWS relationships by allowing them to purchase NetSPI's offerings directly via the marketplace. The program is led by NetSPI's Vice President of Business Development and Strategic Alliances, Lauren Gimmillaro. Gimmillaro has a track record of launching four successful partner programs, consisting of working with channel, referral, reseller, and technology partners. "As today's global attack surface evolves and cybercriminals become more sophisticated in nature, it's critical to provide end users with the tools, services, and skill sets they need to take an offensive approach to security," said Gimmillaro. "Centered around our customer-first approach, the NetSPI Partner Program will allow our team to extend our world-class pentesting capabilities to a variety of diverse and trusted partners, strengthening organizations' cyber security efforts across the globe." The NetSPI Partner Program encompasses the following partnership types: Channel Partners: NetSPI provides its full suite of security services and products through a global channel network of referral and reseller partners. To meet partners' requirements, the programs include a tier-based model consisting of referral fees, preferred client pricing, and reseller discounts. Technology Partners: Security and third-party software companies help build meaningful integrations with NetSPI to improve overall customer experiences. For both, NetSPI offers technical and sales support to help partners achieve their business and go-to-market goals. "Through the NetSPI Partner Program, SecureLink has been able to provide enterprises in the Middle East and Africa region access to NetSPI's continuous and scalable suite of offensive security solutions. "With NetSPI, we are proud to offer unmatched sophistication, methodology, and value to our global customer base." Manish Pardeshi, director of cybersecurity practices at SecureLink "Apiiro is proud to be part of the NetSPI Partner Program. The partnership has provided our customers with next-gen, context aware pentesting capabilities and NetSPI customers with our ability to detect and fix critical risks in cloud-native applications," said John Leon, vice president of business development at Apiiro. "Being a member of the NetSPI Partner Program allows us to achieve our sales goals while providing mutual customers with industry leading services and expertise." About NetSPI NetSPI is the leader in enterprise security testing and attack surface management, partnering with nine of the top 10 U.S. banks, three of the world's five largest healthcare companies, the largest global cloud providers, and many of the Fortune® 500. NetSPI offers Penetration Testing as a Service (PTaaS) through its Resolve™ penetration testing and vulnerability management platform. Its experts perform deep dive manual penetration testing of application, network, and cloud attack surfaces, historically testing over 1 million assets to find 4 million unique vulnerabilities. NetSPI is headquartered in Minneapolis, MN and is a portfolio company of private equity firms Sunstone Partners, KKR, and Ten Eleven Ventures.

Read More