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

Understanding the cybersecurity disposition of your vendors is vital in your relationship with third-party businesses. It's important to include a security assessment with high-level security questions in your vendor risk management (VRM) program. In this white paper, you will learn how to get started with your VRM security program by accessing important questions to ask third-party businesses. You will discover frameworks that will get you headed in the right direction.

Spotlight

Understanding the cybersecurity disposition of your vendors is vital in your relationship with third-party businesses. It's important to include a security assessment with high-level security questions in your vendor risk management (VRM) program. In this white paper, you will learn how to get started with your VRM security program by accessing important questions to ask third-party businesses. You will discover frameworks that will get you headed in the right direction.

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PLATFORM SECURITY

Stellar Cyber Partners with SonicWall for Advanced Prevention, Response

Stellar | September 08, 2021

Stellar Cyber, the innovator of Open XDR, the only intelligent, next-gen security operations platform, announced today that it has joined the SonicWall SecureFirst Partner Program to integrate Stellar Cyber’s advanced threat detection and response with SonicWall’s award-winning prevention technology. This combination of prevention, detection and response provides an outstanding platform for enterprises that want to stop many attacks before they occur while detecting and remediating complex threats. “As a customer of both SonicWall and Stellar Cyber, it’s great to see these two solutions working together,” said Michael Crean, CEO of Solutions Granted. “By using this combination of products, we’ve been able to discover attacks and respond more quickly. Our analysts are now much more productive than they were before.” Leveraging SonicWall’s next-generation firewalls for network protection, Capture Client for endpoint protection and Secure Mobile Access for remote access to corporate resources, Stellar Cyber’s AI-driven intelligent SOC platform collects, normalizes, enriches and analyzes data to spot even the most sophisticated attacks. The combination also makes security analysts more productive by correlating the data from these different tools and reducing the alert fatigue that firewalls may generate. “We rely on SonicWall’s firewalls for the ultimate in perimeter security, and being able to use the Stellar Cyber platform to correlate and respond to SonicWall log data with telemetry from our other security tools is of significant benefit to our analysts and customers,” said Phil Burnett, CISO of High Wire Networks. “We’re glad to hear that these two companies are working together.” This partnership allows security analysts to: Gain context for alerts: Firewall log data is centralized, normalized and fused with contextual information such as threat intelligence, geolocation, user information, asset information, domain registrar information and more to gain better context for alerts. Eliminate alert fatigue: Stellar Cyber focuses on actionable, high-fidelity security events that matter versus the millions of alerts generated by firewalls. Advanced machine learning algorithms determine what events are the important ones. Identify sequences of events: Using automatic correlation that identifies events seen on the firewall that lead to other events seen on endpoint and cloud applications, Stellar Cyber delivers a better understanding of a breach’s timeline. Audit firewall policies: Stellar Cyber cleans up firewall policies and eliminates unused and unneeded policies by leveraging machine learning to identify commonly used versus unused policies that are configured on firewalls. Take automated action: Stellar Cyber’s built-in security orchestration and response (SOAR) functionality takes automated action, such as automatically blocking a malicious actor on the firewall or disconnecting a compromised endpoint via Capture Client, or disabling an infected user through Active Directory within the enterprise. Now, enterprises and MSPs can use this solution combination to secure their networks from brute-force attacks as well as to discover and remediate complex exploits that individual tools can miss. “SonicWall’s next-generation firewalls, Capture Client and Secure Mobile Access, integrated with Stellar Cyber’s Open-XDR platform, provide stronger automation and artificial intelligence capabilities for our joint customers,” said Edward Cohen, Vice President, Strategy & Operations, at SonicWall. “This partnership will help deliver superior threat prevention and simplified security operations across all environments.” “SonicWall is a leader in cyberattack prevention, and Stellar Cyber complements their solutions by automating threat detection and response,” said Steve Garrison, Vice President of Marketing at Stellar Cyber. “Through this partnership, the integration enables our resellers and go-to-market partners to deliver additional value to SonicWall customers by adding advanced threat detection and response capabilities to their existing investment.” About Stellar Cyber Stellar Cyber’s Open XDR platform delivers Everything Detection and Response by ingesting data from all tools, automatically correlating alerts into incidents across the entire attack surface, delivering fewer and higher-fidelity incidents, and responding to threats automatically through AI and machine learning. Our XDR Kill Chain™, fully compatible with the MITRE ATT&CK framework, is designed to characterize every aspect of modern attacks while remaining intuitive to understand. This reduces enterprise risk through early and precise identification and remediation of all attack activities while slashing costs, retaining investments in existing tools and accelerating analyst productivity. Typically, our platform delivers a 8X improvement in MTTD and an 20X improvement in MTTR. The company is based in Silicon Valley.

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DATA SECURITY

New CyberCube Scenarios Aid the Cyber Planning of Lloyd's Syndicates

businesswire | January 21, 2021

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DATA SECURITY

Nozomi Networks Raises the Bar on Delivering Prioritized Actionable Intelligence for OT/IoT Networks to Accelerate Responses to Security Threats

Nozomi Networks | October 27, 2021

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