Data Security

Evolution Equity Partners Expands Focused Investment Platform for Cybersecurity

In 2020, Evolution activated a $250m Fund after fully investing a $125m Fund in 2019 and increased AUM to over $675m. The firm completed 8 investments this year including:

Quantexa – London based market leader in financial crime detection and real time AML/KYC. $56m Series C Round led by Evolution.
Unbound Technologies – New York City/Tel Aviv based market leader in secure multi-party computation and cryptographic keys. $20m Series B Round led by Evolution.
Awake Security – Palo Alto based leading network security platform. $36m Series C Led by Evolution.
(Stealth Company) – London based Quantum cybersecurity company. Early-stage financing led by Evolution.
Existing portfolio companies raised follow on rounds of financing in 2020 including:

DefinedCrowd – Seattle based AI/ML data platform leader.
Panaseer – London based continuous control monitoring cybersecurity leader.
Onapsis - Boston based application cybersecurity leader.
Logpoint – Copenhagen based security incident and event management (SIEM) leader.
CounterCraft – London based cyber deception and threat intelligence platform.
Evolution cybersecurity portfolio companies growth news:

Security Scorecard – Security Scorecard Accelerates on Pathway to 20 million Rated Companies
Truefort – Winner of 2020 Red Herring Top 100 North America Award
DFLabs – IncMan SOAR SaaS Cloud Platform Drives Growth
Richard Seewald, Founder & Managing Partner at Evolution, stated: "In 2020 Evolution continued to add talent and assets to a team of leading cybersecurity investors and company builders while partnering with trailblazing software companies expanding in global markets. As we look to 2021, there are a unique set of conditions that set the stage for cybersecurity entrepreneurs to make meaningful impact protecting critical infrastructure in cyberspace. Evolution is privileged to be partnering with these great companies."

Awards

Among many notable accolades awarded in 2020 to Evolution and our portfolio, we are pleased to be working with some of the fasted growing cybersecurity and enterprise software companies in the world.

Platform Expansion

Evolution launched a London office to compliment Palo Alto, New York City and Zurich and added professionals to expand the platform of expertise that serves portfolio companies. The firm has 15 investment professionals including two recent hires:

Ollie Bone, Associate – Prior to joining Evolution, Ollie led venture scouting for global corporates in defense, manufacturing and consulting. He ran an accelerator program for cybersecurity scaleups building a UK and global support network for founders where he worked with leading cybersecurity companies.

Eduardo Martinez, Associate – Eduardo is an associate at Evolution Equity Partners focused on sourcing and monitoring investment opportunities across the technology sector. He is in charge of portfolio management and reporting, performing valuation analysis and due diligence of investments.

Spotlight

Cyber attacks are increasing in volume, sophistication, and severity, and the federal government has taken notice. Now, they’re taking action — most recently in the form of new cybersecurity rules from the Securities and Exchange Commission. In “11 Ways to Streamline SEC Cybersecurity Compliance with Risk Cloud,” we explore a va


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API Security

Salt Security, CrowdStrike Expands Partnership with New Integration

Salt Security | September 20, 2023

Salt Security, a prominent API security company, has announced the expansion of its partnership with CrowdStrike, a leading cybersecurity technology company providing cloud workload and endpoint security, cyberattack response, and threat intelligence services. This expansion involves the integration of the Salt Security API Protection Platform with the widely recognized CrowdStrike Falcon Platform. Roey Eliyahu, Co-founder and CEO of Salt Security, stated, Protecting against API threats requires deep visibility and robust runtime protection. We’re excited to bring our unique strengths in API security to the CrowdStrike customer base with this new integration. Together with CrowdStrike, Salt can provide organizations with extended runtime protections and posture management across the cloud and application landscapes. [Source – Cision PR Newswire] Through this integration, customers gain access to a comprehensive 360-degree view of API security risks, particularly focusing on the application-layer attack surface. This integration is accessible via the CrowdStrike Marketplace and provides valuable API threat intelligence. It also enhances cross-organization API security capabilities by streamlining and enhancing the workflows related to API auditing, monitoring, and enforcement. The partnership between Salt Security, offering top-notch API runtime monitoring and AI-driven insights, and CrowdStrike, renowned for its award-winning AI-powered protection, provides organizations with complete visibility into their API attack surface. This integration also offers valuable context regarding the severity of threats in relation to business-critical aspects. With this partnership, customers benefit from: API vulnerability and threat context API threat mitigation API threat management automation The patented Salt API security platform stands out for its utilization of cloud-scale big data, artificial intelligence (AI), and machine learning (ML). These technologies work in tandem to automate the process of discovering and cataloging an organization's entire set of APIs. Salt plays a crucial role in pinpointing areas where APIs might expose sensitive data. This proactive approach aids enterprises in recognizing and mitigating potential API threats while also reinforcing their overall API security. Gur Talpaz, Head of Falcon Fund and Vice President of Corporate Development at CrowdStrike, said, With APIs now a prime target for malicious actors, securing them requires a comprehensive and diligent approach. Through this joint integration, we can harness the mature AI-driven intelligence of the Salt API security platform with our widely deployed Falcon platform, giving organizations complete visibility into their application-layer attack surface and a detailed understanding of their application threat landscape. [Source – Cision PR Newswire] About Salt Security Salt Security is a leading API security company that safeguards the APIs at the core of all modern applications. Its API Protection Platform is the sole API security solution that integrates the power of cloud-scale big data with time-tested machine learning and artificial intelligence to detect and prevent API attacks. Salt provides extensive context, real-time analysis, and continuous insights for API discovery, hardening APIs, and attack prevention by correlating the activities of millions of APIs and users over time.

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Cloud Security

SafeGuard Cyber Launches Contextual-AI Powered Platform to Investigate and Remediate Unmonitored Communications in Minutes

Business Wire | October 06, 2023

SafeGuard Cyber today launched the next generation of its industry-leading integrated cloud communications security and compliance platform to investigate and remediate unmonitored communications in minutes. Powered by Contextual AI, the FirstSight platform alerts security teams to high frequency and costly attacks such as credential theft, impersonation, phishing, malware, policy violations, and insider threats across the expanding communication attack surface. FirstSight protects business communications and manages risk across email, collaboration, conferencing, messaging and social channels. The platform enables security and compliance teams to have visibility across all employee communications, while maintaining privacy, to keep organizations secure and compliant. FirstSight detects threats and policy violations, provides actionable evidential data to analysts, understands the threats potential magnitude of impact to an organization, and helps analysts make informed responses to communication threats wherever they exist. Hackers are using AI to mount more automated, aggressive, and coordinated language-based attacks across multiple communication channels, making it challenging for today’s resource-constrained security teams to respond to every detected threat, said Chris Lehman, CEO, SafeGuard Cyber. The key to a better defense is to prioritize remediation efforts based on the potential damage each threat could cause. With the most advanced threat impact analysis capabilities in messaging security, SafeGuard Cyber FirstSight is a game-changer for security teams to respond to the most impactful threats across business communication channels. FirstSight protects employees wherever they are communicating while maintaining their privacy through fine-grained access controls and workflow optimizations. Key capabilities of the platform include: Unified Visibility: The only platform on the market to provide unified visibility across the entire communications attack surface, eliminating visibility gaps and saving security and compliance teams time and money by replacing siloed solutions. With deep visibility into communication channels – from Microsoft 365 email to Slack, Teams, Zoom, Telegram, and WhatsApp – security teams can detect and investigate risks in a centralized view. Contextual AI: Built on an ontological architecture that utilizes LLMs, behavioral analysis, social knowledge graphs, and generative AI, FirstSight incorporates domain-specific knowledge about the customer's enterprise. This, combined with understanding the relationships between threats, vulnerabilities, and available countermeasures, enables customers to react more quickly and effectively to threats. Threat Impact Analysis: Provides threat risk score, categories of potential impact – such as financial, business disruption, brand damage, data loss, and data theft – and suggested actions for remediation. With the platform’s threat impact capabilities, resource-constrained organizations can effectively prioritize remediation of the most significant risks to a business and make informed responses to multi-channel threats. About SafeGuard Cyber SafeGuard Cyber’s industry-leading integrated cloud communications security and compliance platform empowers organizations to proactively mitigate regulatory policy violations and threats such as credential theft, phishing, and insider threats across email, mobile, and web messaging apps, collaboration apps, and social platforms. Powered by contextual AI and built on an ontological architecture, the SafeGuard Cyber Platform utilizes LLMs, behavioral analysis, social knowledge graphs, and generative AI to enable security and compliance teams to have visibility across all employee communications, detect attacks, review evidential data, understand the magnitude of impact, and make informed responses to threats. SafeGuard Cyber is the only platform to provide unified visibility across the entire communication attack surface.

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Software Security

Keeper Security’s Latest Update Improves Android and User Interface

Keeper Security, Inc. | September 25, 2023

Keeper Security, a prominent cybersecurity software provider specializing in zero-trust and zero-knowledge solutions safeguarding credentials, privileged access, secrets, and remote connections, has announced the unveiling of a new, contemporary User Interface (UI) for the Keeper Password Manager application on Android. This awaited release introduces enhanced usability, intelligent search capabilities, and quicker synchronization times. With a focus on a polished appearance and user-friendly interactions, these enhancements are designed to simplify the utilization of Keeper's robust password and passkey management features, offering improved clarity and search functionality. Keeper has adopted an incremental approach to enhancing the user experience, consistently refining the appearance, usability, and overall feel of its applications while staying mindful of the importance of consistency, familiarity and the world-class security and functionality that Keeper users have come to expect. With this update, Keeper's new user experience has been effectively implemented across all platforms, encompassing desktop, web browsers, and iOS. Android users can also anticipate an upcoming dark mode experience soon. Android users of Keeper will encounter refreshed themes, including a default Light Mode and improved user-selectable themes. Additionally, new features include: Streamlined Usability Friendlier Interface Accessibility and Inclusion Advanced Search Craig Lurey, CTO and Co-Founder of Keeper Security, said, We are excited to introduce these enhancements to our Android app, completing the rollout of our stunning new user interface (UI) to every Keeper user. [Source – Cision PR Newswire] Lurey stated that the update represented their ongoing commitment to delivering the best possible user experience while maintaining the highest security standards. He mentioned that with the improved usability, modernized interface, and lightning-fast sync times, Keeper Password Manager for Android continued to be a go-to solution for organizations and individuals looking to secure their digital identities. About Keeper Security Keeper Security is revolutionizing the way to secure passwords, confidential data, and secrets for individuals and organizations worldwide. The company's user-friendly cybersecurity platform is built on the foundation of zero-trust and zero-knowledge security, providing protection for users on all devices. Its solution is quick to deploy and seamlessly integrates with any technology stack, effectively preventing breaches, lowering help desk expenses, and ensuring compliance. Trusted by millions of individuals and numerous global organizations, Keeper leads in top-tier password management, privileged access, secrets management, secure remote access, and encrypted messaging solutions.

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Platform Security

SentinelOne Launches RemoteOps Forensics for Faster Incident Response

SentinelOne | September 18, 2023

SentinelOne, a global leader in autonomous cybersecurity, is addressing the pressing need for rapid and effective responses to the escalating wave of cyber breaches. Today, the company announced the launch of Singularity RemoteOps Forensics, a pioneering digital forensics product designed to streamline and accelerate incident response readiness. This innovative solution promises to empower organizations of all sizes, ushering in a new era of efficient and scalable investigation and response capabilities in the face of evolving cybersecurity challenges. Integrated seamlessly with the SentinelOne Singularity Platform and as an add-on to Sentinel One's Endpoint and Cloud Workload Security solutions, RemoteOps Forensics offers a rapid, adaptable digital forensics and incident response solution. Security teams can leverage this tool to enhance efficiency by optimizing resources and accelerating Mean Time to Resolution. With the capability for targeted investigations on various assets, including endpoints and server workloads, it enables conditional trigger-based evidence collection. This automation efficiently gathers evidence, such as process data, ports, service listings, MFT, Amcache, JumpLists, and memory dumps, orchestrating them in under a minute. Consolidating evidence into the Singularity Security DataLake allows for the correlation of SentinelOne and partner data with forensics data in a unified search, facilitating a comprehensive view of attacks, rapid root cause identification, and risk mitigation. Furthermore, it provides the ability to analyze collected evidence alongside Endpoint Detection and Response (EDR) data within a single console, empowering proactive defense against future threats. The integration and analysis of this combined data unveil concealed indicators of compromise, detect advanced attack patterns, and offer insights into threat actors' tactics, techniques, and procedures. RemoteOps Forensics is a cost-effective and resource-efficient solution that seamlessly integrates with the SentinelOne agent. This integration alleviates the necessity of deploying and provisioning multiple tools throughout the investigative process, resulting in significant time and resource savings for organizations. In addition, this innovative solution prioritizes the maintenance of forensic integrity by minimizing changes made to the disk, and it leverages SentinelOne's anti-tampering and metadata collection capabilities to safeguard data integrity. In doing so, it streamlines investigations and upholds the highest standards of forensic rigor, reinforcing organizations' cybersecurity defenses with a comprehensive and efficient approach. Jane Wong, Senior Vice President of Products and Strategy at SentinelOne, said, As timelines for reporting and responding to breaches shrink, it is imperative that the security teams have advanced forensics capabilities that can make investigations faster and more efficient, and with Singularity RemoteOps Forensics, the team is delivering them. [Source – Business Wire] SentinelOne's new forensic capabilities help develop incident response by enabling security teams to conduct thorough investigations more quickly, Jane also mentioned eliminating the requirement for specialized expertise or additional tools. About SentinelOne SentinelOne is a leading provider of autonomous cybersecurity solutions. With its identified Singularity Platform, the company excels at detecting, preventing, and responding swiftly to cyber threats. SentinelOne enables businesses to protect their endpoints, cloud workloads, containers, and identities, as well as their mobile and network-connected devices, with unparalleled speed, accuracy, and ease of use. With a formidable clientele comprising over 11,000 customers, SentinelOne has proven itself as the trusted guardian of a secure digital future.

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Spotlight

Cyber attacks are increasing in volume, sophistication, and severity, and the federal government has taken notice. Now, they’re taking action — most recently in the form of new cybersecurity rules from the Securities and Exchange Commission. In “11 Ways to Streamline SEC Cybersecurity Compliance with Risk Cloud,” we explore a va

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