PLATFORM SECURITY

Talon Cyber Security Announces $100M in Series A Funding to Redefine Security for the Future of Work

Talon Cyber Security | August 04, 2022 | Read time : 02:00 min

Talon Cyber Security Announces $100M in Series
Talon Cyber Security, the leading secure enterprise browser provider, today announced $100 million in Series A funding, led by Evolution Equity Partners, with participation from Ballistic Ventures, CrowdStrike’s Falcon Fund, Merlin Ventures, SYN Ventures and previous investors CrowdStrike co-founder and CEO George Kurtz, Lightspeed Venture Partners, Sorenson Ventures and Team8. The funds will be used to accelerate go-to-market efforts to meet the increasing global demand for Talon’s secure enterprise browser, TalonWork, and deliver new product enhancements to continuously improve security for modern workforces.

As organizations have embraced distributed work for employees and contractors, the reliance on SaaS applications has risen, and security needs have evolved drastically. The traditional ways of enabling secure access to enterprise applications are complex, expensive, and put organizations at risk. The TalonWork browser simplifies security by allowing secure access to corporate applications and data on any device, managed or unmanaged, and on any operating system. With Talon, security teams benefit from deep visibility into browser and application activity, as well as native security features like authentication, data loss prevention and Zero Trust controls. Based on Chromium, TalonWork delivers the consistent and familiar user experiences expected by today’s workers, fostering productivity across the enterprise.

“We have built the team and technology to redefine and power security for the future of work – a future where security is delivered naturally through the enterprise’s most heavily-used application: the browser. “The world and the applications the largest organizations rely on are moving to the web, creating an extensive need for a vehicle that can provide secure access without changing the way work is conducted. This new funding will allow us to continue to show why that vehicle is Talon’s secure enterprise browser.”

Ofer Ben-Noon, co-founder and CEO, Talon Cyber Security

Co-founded by Ben-Noon and CTO Ohad Bobrov, Talon was named the winner of the Innovation Sandbox Contest at RSA Conference 2022, and has demonstrated unrivaled market and technical leadership since launching the industry’s first secure enterprise browser in October 2021. The company’s recent momentum includes numerous customer deployments at large organizations, the release of the industry’s first secure enterprise browser for mobile devices, and established partnerships with the two leaders in endpoint security: CrowdStrike and Microsoft.

The round includes the conversion of $17 million in SAFE (Simple Agreement for Future Equity) investments announced earlier this year into A round shares, bringing Talon’s total amount raised to over $126 million.

As part of today’s announcement, Richard Seewald, Founder and Managing Partner of Evolution Equity Partners, is joining Talon’s board of directors.

“In cybersecurity, the word innovative gets thrown around often, but with Talon, it is a perfect descriptor,” said Richard Seewald, Founder and Managing Partner, Evolution Equity Partners. “I have never seen a company create and lead a category with such authority, and experience such impressive traction with customers so quickly. Talon has the potential to become one of the leading companies in the broader security industry, and it’s an honor to help them on their journey.”

“Today’s threat environment is complex, but an organization’s approach to security should not be,” said George Kurtz, co-founder and CEO, CrowdStrike. “By delivering enterprise-grade security through the TalonWork browser, Talon makes security simple and effective for its customers.”

“When we launched Ballistic, we made it our mission to find and partner with companies that have the technology and what it takes to change the trajectory of cybersecurity, and Talon fits this bill perfectly,” said Jake Seid, co-founder and General Partner, Ballistic Ventures. “The browser has fundamentally become the most important tool for today's workforce. Talon’s secure enterprise browser does something few security products do. It offers the trifecta of strong security, seamless end-user experience, and low cost and complexity for the enterprise. Talon’s team and solution are some of the strongest I have ever come across, and this financing will help propel the company to new heights.”

“From my time as a CISO and now as an investment partner for leading security companies, I have evaluated countless technologies,” said Jay Leek, co-founder and Managing Partner, SYN Ventures. “The widespread problem that Talon addresses and the time to value of its technology is beyond impressive – it's a game changer. I’m thrilled to have the opportunity to work with the company and help accelerate its growth.”

About Talon Cyber Security
Talon Cyber Security is modernizing security programs and improving user experiences for hybrid work by delivering the first secure enterprise browser. Built on Chromium, the TalonWork browser provides customers with the consistent user experiences, deep security visibility, and control over SaaS and web applications needed to simplify security for the future of work. Talon was named the Most Innovative Startup of 2022 at the prestigious RSA Conference Innovation Sandbox Contest.

Spotlight

Cyber attacks targeting the network infrastructure have become increasingly sophisticated and damaging. Today’s evolving threat landscape requires business leaders to approach security differently. In addition to deploying multilayered security solutions that provide defense in-depth, organizations must ensure security effectiveness and exercise ongoing security diligence. This requires organizations to evaluate their network security, identify its gaps, and proactively harden vulnerable systems. Organizations also need to update aging infrastructure to secure the network, protect data, and meet rising expectations of customers, shareholders, and regulators.


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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

SaaS Alerts Secures $22M Investment from Insight Partners to Scale SaaS Security Monitoring and Response Platform

SaaS Alerts | September 12, 2022

SaaS Alerts, the cybersecurity company purpose-built for Managed Service Providers (MSPs) to protect and monetize their customers' core business SaaS applications, announced today that it has secured a $22 million growth investment from global software investor Insight Partners to accelerate the growth of its SaaS Security monitoring and response platform. The accelerated rate of SaaS Application adoption by businesses, driven by the need to provide collaboration and productivity tools to remote workforces and for more centralized and tightly controlled business data resources, has elevated awareness and critical concern for major threat vectors and security gaps that exist in SaaS Application security. These security concerns present opportunities for MSPs to better safeguard their clients while offering SaaS security services that drive profitable new revenue streams. SaaS Alerts was designed to help MSPs monitor and protect their customers' usage of today's most popular SaaS applications such as Microsoft 365, Google Workspace, Salesforce, Dropbox and more – and to safeguard against security threats to a business' SaaS environment such as data theft, data that's at risk due to unintentional employee mishaps and actions taken by bad actors. "We couldn't be more excited to partner with Insight Partners and we see their investment in SaaS Alerts as a monumental endorsement for what we have built and what we intend to build as we collaborate going forward. "I'm very proud of our team for reaching this milestone and look forward to working with Insight to continue to build value for our MSP partners and stakeholders." Jim Lippie, CEO of SaaS Alerts "SaaS applications have become essential for businesses of every size and MSPs need the ability to better protect those applications on behalf of their customers. SaaS Alerts has pioneered SaaS security for MSPs and has a clear vision for how detecting and correlating abnormal user behavior can greatly impact the MSP industry," said Philine Huizing, Principal at Insight Partners. "We're excited to partner with SaaS Alerts as the company scales to address this unique opportunity." About SaaS Alerts SaaS Alerts is the cybersecurity company purpose-built for MSPs to protect and monetize customers' core SaaS business applications. SaaS Alerts offers a unified, real-time monitoring platform for MSPs to protect against: data theft, data at risk and bad actors and integrates with the most popular SaaS Applications. Learn more at www.saasalerts.com. About Insight Partners Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2022, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 700 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Insight Partners meets great software leaders where they are in their growth journey, from their first investment to IPO.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Sealing Technologies Inc. Awarded $168.5M to Provide USMC Cyber Defense Support

Sealing Technologies Inc. | August 30, 2022

Sealing Technologies, Inc. (SealingTech), a Veteran Owned Small Business (VOSB) that provides innovative cybersecurity solutions, was recently awarded a $168.5 million task order to assist the U.S. Marine Corps (USMC) with their Defensive Cyber Weapons System (DCWS). SealingTech will support the Marine Corps Cyber Protection teams by building a holistic cyber defense solution comprised of SealingTech fly away kits and a suite of tools to analyze vulnerabilities, map key cyber terrain and respond to incidents. "The DCWS system is an important enabler of cyberspace maneuver across the Department of Defense's (DoD) key terrain. "We are both humbled and excited that the USMC has trusted SealingTech with this critical mission and we are hitting the ground running to ensure its success." Ed Sealing, Founder and CEO of SealingTech With this contract award, and their support to the Army, Navy, and US Air Force cyber teams, SealingTech continues to posture the DoD cyber operators with a standard defensive cyber operating platform in preparation for a Joint Cyber Warfighting Architecture. As an industry partner, SealingTech is ideally positioned to work across all DoD services and agencies to identify best practices and enable the most effective and efficient joint solution. About Sealing Technologies Inc. SealingTech is a Veteran Owned Small Business (VOSB) that rapidly delivers innovative cybersecurity solutions that modernize, protect, and defend the networks and systems of the Federal Government and private industries. SealingTech's vast cyberspace experience and knowledge provides cutting-edge research, engineering and integration services that support the United States and their allies.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

LMG Security Introduces New Proactive Cybersecurity Solutions

LMG Security | September 30, 2022

LMG Security, an internationally recognized cybersecurity consulting firm, has expanded its popular selection of cybersecurity advisory, testing, and training services with a new line of cybersecurity solutions. These solutions are designed to reduce the burden organizations face from implementing or managing cybersecurity technology, as well as create fast, easy access to skilled cybersecurity staff to augment internal teams. LMG Security is pleased to announce it now offers the following new solutions and services: Virtual CISO and Staff Augmentation: Organizations struggle to find and retain cybersecurity talent. LMG Security provides staff augmentation services that enable organizations to quickly access the specialized cybersecurity skills they need on a fractional basis. Endpoint Detection and Response Implementation: LMG Security implements and seamlessly integrates an endpoint detection and response solution that helps organizations defend against zero-day attacks, supply chain vulnerabilities, and other common cybersecurity threats. Multi-Factor Authentication Implementation (MFA): Protect against attack vectors such as phishing, business email compromise, and cross-cloud attacks with a customized MFA implementation. Password Manager Implementation: A password manager is a simple, affordable way to decrease the risk of a data breach from weak or reused passwords. LMG Security's team implements the password manager and ensures that it is optimally configured. Managed On-Demand Employee Cybersecurity Training: Get experts to design and manage your cybersecurity training for you. An LMG Security cybersecurity specialist will plan and monitor your training program to ensure your employees have the skills to be an effective "human firewall." Continuous Attack Surface Monitoring: LMG Security's team implements and seamlessly integrates a solution that scans Internet-facing systems to help organizations identify assets that are exposed or vulnerable. All LMG Security cybersecurity solutions are implemented and managed by experts who ensure that each solution follows all cybersecurity best practices and is optimally integrated with each organization's existing tech stack. "Organizations are struggling to find and hire skilled cybersecurity talent. "We make it easy for our clients by offering expert virtual CISO and cybersecurity staff augmentation services, as well as implementation and management services for key cybersecurity solutions." Davidoff continued, "IT teams are stretched to the limit at most organizations. We're excited to launch these new cybersecurity solutions that will help organizations defend against the constantly changing threat landscape." Sherri Davidoff, president and CEO of LMG Security ABOUT LMG Security LMG Security is an internationally recognized leader in the cybersecurity consulting industry. This full-service cybersecurity firm provides one-stop shopping for a wide array of cybersecurity services. Specializing in technical testing, advisory and compliance services, and training for more than a decade, the LMG Security team's security testing services were featured on the Today show. In addition, the team has published cutting-edge research on cell phone intrusion detection and banking Trojans, written books on network forensics, data breaches, and an upcoming book on ransomware and cyber extortion, and routinely speak or train at Black Hat, RSA and many other security conferences. LMG Security is privately held and headquartered in Missoula, Montana.

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DATA SECURITY,NETWORK THREAT DETECTION,PLATFORM SECURITY

Pathlock Expands SAP Capabilities with Acquisition of Grey Monarch

Pathlock | September 27, 2022

Pathlock, the leading provider of application security and controls automation for critical business applications, today announced the acquisition of Grey Monarch, a UK-based specialist SAP Partner dedicated to SAP Process Automation. The acquisition will strengthen Pathlock's vision of providing the industry's most complete 360-degree platform for application security and controls automation for the SAP ecosystem. Since 2008, Grey Monarch has developed expertise in SAP Security, Segregation of Duties, SAP Licence Optimization, SAP Background Processing Automation and Secure Managed File Transfer. With this acquisition, the SAP community will benefit from the very best SAP Process Automation advice, implementation skills, and software and training capabilities, improving levels of security, enhancing their users' experience and streamlining audit, compliance and control procedures. "It's now more imperative than ever for organizations to utilize a holistic view of user access and privileges so they can be managed, monitored and controlled to ensure the maximum protection of data, business processes and intellectual property," said David Lloyd, Director and Co-Founder, Grey Monarch. "Combining Grey Monarch's capabilities with the Pathlock family of expertise, resources and product portfolio will provide our customers, existing and new, with an unsurpassed visibility into their business applications." "We're thrilled to complete the acquisition of Grey Monarch. "We continue to see a strong demand for our globally recognized application security and controls automation solutions, and know that with Grey Monarch's specialization in SAP process automation we can continue to enable our global customers to revolutionize the way they secure their sensitive financial and customer data." Piyush Pandey, CEO of Pathlock In May 2022, Pathlock announced a $200M capital raise sponsored by Vertica Capital Partners alongside a merger with Appsian and Security Weaver and the acquisition of Belgium-based CSI Tools and Germany-based SAST SOLUTIONS. The company has successfully doubled in size in terms of revenue and employees and is now servicing over 1,400 customers across all major industries on a global scale with offices across the United States, Belgium, the UK, Germany, Israel and India. About Pathlock Pathlock is the leader in application security and controls automation. With Pathlock, enterprises can manage all aspects of access governance via a single platform, across applications, including user provisioning, ongoing User Access Reviews, segregation of duties, control testing, and audit preparation. Today, many of the world's most respected, global 2000 companies rely on Pathlock to protect their critical digital assets from financial, operational, regulatory and security threats, ensure corporate compliance and improve performance. Our customers have saved millions in employee productivity, labor costs, audit fees and data loss prevention.

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Spotlight

Cyber attacks targeting the network infrastructure have become increasingly sophisticated and damaging. Today’s evolving threat landscape requires business leaders to approach security differently. In addition to deploying multilayered security solutions that provide defense in-depth, organizations must ensure security effectiveness and exercise ongoing security diligence. This requires organizations to evaluate their network security, identify its gaps, and proactively harden vulnerable systems. Organizations also need to update aging infrastructure to secure the network, protect data, and meet rising expectations of customers, shareholders, and regulators.

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