Vince Caruso’s Post

What's New to The Street... Rubrik shines in its market debut, soaring 21% higher! 💼✨ As the latest tech player to enter the IPO scene, its cybersecurity software promises innovation and resilience. 🚀💻 👉🏻Follow New To The Street for more! #RubrikIPO #TechInnovation #businessnews #business #news #newtothestreet

We have just closed our $19M USD Series A led by Peak XV Partners (formerly Sequoia India & SEA), with repeat participation from Prosus Ventures and Cercano, to fuel our global expansion and mission of redefining External Attack Surface Management! 🚀 At the same time, we’re thrilled to welcome Chris Merritt, former Cloudflare Chief Revenue Officer, to our board. 😀 We're incredibly grateful for the continued support of our clients and partners, and we are proud to continue our aggressive growth in pursuit of one simple outcome: preventing breaches. Our full announcement can be found in the comments. #Cybersecurity #watchTowr #SeriesA #ExternalAttackSurfaceManagement #continuousautomatedredteaming #exposuremanagement #Funding

We are thrilled to announce that Halcyon has raised a $100 million Series C Round led by Evolution Equity Partners with participation from Bain Capital Ventures, SYN Ventures, Dropbox, ServiceNow, Corner Capital Management, Harmony Ventures and other existing investors. Evolution Managing Partner Richard Seewald is joining the Halcyon Board of Directors. Evolution is also an investor in the Company's Series B Round raised last year. The funding will be used to accelerate the company's growth and strengthen its position as the leading anti-ransomware platform provider. “Halcyon is a consequential cybersecurity company and a market leader in its space,” said Seewald. “Ransomware has a devastating impact on individuals and organizations, causing financial losses, reputational damage, and loss of critical data. Halcyon stands alone in both its focus on and its approach to defeating ransomware. We are proud to be backing a tremendous team with a differentiated platform in one of the largest spend categories in cybersecurity today." Congratulations to CEO and Founder Jon Miller and CTO and Founder, Ryan Smith and the entire Halcyon team! #PressRelease: https://lnkd.in/gvT7Mnvc #BloombergArticle: https://lnkd.in/e-685cKD #DefendAndProtect, #EvolutionPortfolio, #Cybersecurity

Rubrik is less profitable than any previous cybersecurity company at IPO. Their growing losses took most of the criticism from everyone's takes on their S-1 yesterday...and for good reason. Why? Their $327.4M (EBIT) loss is: – $147.5 million higher than the next highest company (Mandiant) at IPO – 2.4x higher than CrowdStrike (highest company still listed) – Over 8x higher than cybersecurity's average from the past decade ...!!! This is a big part of the reason why people were so fired up yesterday. Cybersecurity doesn't exactly have a robust track record of profitability at IPO. Only five companies since 2012 have ever been in the black when they went public. But remember, we're supposed to be in the "low-burn / high-growth" era now. If Rubrik is going to be a high performing public company, they need to turn the page from their high-burn IPO year and show progress towards profitability ...fast. --- 🫡 Michal Suster for his insightful post that inspired me to benchmark this.

Our CISOExecNet team will be out at #RSA2024. We are hosting member breakfasts each morning May 7, 8, and 9. If you are a member attending and have not yet registered for one or more of these breakfast roundtables, please contact me mailto:bill@cisoexecnet.com to reserve your spot. If you've been previously, you know space in limited. We are also joining with our strategic partner, Squadra Ventures at Oren's Hummus on Tuesday May 7 throughout the day. We think it will be a great space to take a break from the conference, have a meeting, and check out the latest technology. You can help us by 1) letting us know if you plan to attend (RSVP https://lu.ma/rsa-squadra), telling us what you think of the companies, and 3) sharing this invite or Guy’s LinkedIn post https://lnkd.in/eRTNzQ-p with anyone who you think would be interested in attending. Below is a full rundown of the events and RSVPs. Squadra Open House, 10:00 AM — 2:00 PM. Leaders from startups, industry and government are invited to book 1:1 meetings with the leaders of Squadra’s portfolio companies and members of the Squadra team. Lunch will be provided. Portfolio companies attending RSAC include: *Shift5: An observability platform for onboard operational technology. *NetRise: An XIoT security platform providing visibility into the firmware and underlying software components of connected devices. *Tidal Cyber: A platform to operationalize threat-informed cybersecurity defense. *Sicura: A platform to build, monitor, and remediate security policies to meet business needs. *Datalogz: A BI Ops solution that enables teams to bridge the gaps in their business intelligence environment. *Prewitt Ridge: A requirements management and digital thread platform empowering cross-functional engineering teams to build complex systems. Squadra Cyber Social, 3:00 PM — 5:00 PM. A happy hour for entrepreneurs, investors, executives, government leaders, and cybersecurity practitioners. Squadra Women Cybersecurity Leaders Dinner, 6:00 PM — 8:00 PM. A seated dinner for women cybersecurity startup founders, cyber investors, enterprise executives, and government leaders.

We’re thrilled to announce our newest portfolio company, MIND—the first data security platform to *automate DLP*. MIND raised $11M in seed funding led by YL Ventures, with participation from #cybersecurity leaders at Adobe, ADT, CrowdStrike and FireEye, Inc. It is our second collaboration with Eran Barak, CEO of MIND, following our success with Hexadite. Leading the charge are fellow co-founders CTO Itai Schwartz and VP of R&D Hod Bin Noon. This #DLP game-changer is finally closing legacy gaps with real-time, context-aware insights. With MIND, #security teams can pinpoint and address genuine #data risks faster, more accurately and more efficiently than ever before. Discover how MIND is transforming DLP for today’s hybrid work environments >> https://hubs.la/Q02WhG2X0

Halcyon Closes $100M Series C Funding Round at $1 Billion Valuation Halcyon closed a $100M in Series C funding led by Evolution Equity Partners with participation from Bain Capital (BCV), SYN Ventures, Harmony Partners, Corner Capital Management, Dropbox Ventures, ServiceNow Ventures and existing investors. Halcyon is the only organization devoted specifically to defeating #ransomware through a unique combination of prevention and resilience by way of a proprietary technology that captures encryption keys and enables organizations to recover from attacks in minutes without ever paying ransoms. The round brings the total amount raised to $190M and values the company at $1B. Read more here: https://lnkd.in/gvT7Mnvc #infosec #security #cybersecurity #cyberattack

Microsoft-backed Rubrik plans to raise as much as $713 million in IPO Founded by venture capitalist Bipul Sinha in 2014, Rubrik specializes in cloud-based ransomware protection and data backup software. Its clientele includes over 5,000 business customers, such as Nvidia Corp and Home Depot. #RubrikIPO #Cybersecurity #CloudBackup #DataProtection #TechIPO #NewYorkStockExchange #Investmentnews #TechNews #StockMarket #StockNews #Stockupdates #BusinessNews #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

If you’re wondering how to get near real time identity protection, and who the next difference maker is going to be in cyber security, this is it. Check out Hydden’s site (https://hydden.com) and product suite. Seriously impressive, ground breaking identity threat detection speed, that does well beyond modern ITDR tools, and a perfect product to add to your existing PAM, IAM, ITDR and other security solutions to get the edge in security that will put you ahead of hackers, and ahead of your competitors. If you’re an MSSP or MSP, I also highly recommend you talk to Hydden. These are folks that are insanely sharp, and almost all are folks I’ve worked with before in successful ventures. They’re a great team, with a great product suite, and now with world class investors.

Proud brother moment… Be sure to check out SafeBase and how it can help your organization automate security reviews, demonstrate strong security posture, and build trust with your clients and vendors.