Network security software

2023. Nile, which offers enterprise networks as a service, raises $175M



Nile, a company offering enterprise networks as a service (NaaS), has raised $175M Series C. Nile's unique approach eliminates the need for manual configuration of networking devices like switches and routers, automating tasks such as software and hardware upgrades and security patches. One of Nile's standout features is its telemetry, which allows the platform to create a snapshot of a network's performance and compare it against benchmarks. Utilizing specially developed sensors and algorithms, Nile's cloud platform conducts near-real-time network performance analyses and deploys "software bots" as needed to address any anomalies. In the market, Nile competes with established players like Cisco, Juniper, and HPE's Aruba Wireless, offering custom-built networks tailored to each customer's requirements. The pricing model is based on a pay-as-you-go basis, allowing for easy scalability depending on usage. Nile provides all the necessary hardware and software to set up and maintain enterprise-grade networks efficiently.


2022. Cyrebro, a specialist in cloud-based security ops centers, locks down $40M



Cyrebro, a startup specializing in network monitoring for enterprises, has successfully secured $40 million in funding. Cyrebro offers a comprehensive solution that combines its own automation tools with various security applications utilized by organizations to safeguard their data and infrastructure. The platform encompasses multiple functions to cater to the needs of its customers, including threat hunting, threat intelligence, forensic investigations, incident response, SIEM (Security Information and Event Management) optimization, and strategic monitoring. Whether as a complete solution or to enhance existing security operations, Cyrebro adapts its services to organizations of all sizes, catering to small businesses as well as large enterprises.

2021. Elisity raises $26M to scale its AI cybersecurity platform



Elisity, an innovative company specializing in behavior-based enterprise cybersecurity, has secured $26 million in Series A funding. The Elisity platform aims to assist organizations in transitioning from traditional access methods to a zero trust security model. Zero trust revolves around implementing stringent access controls and not inherently trusting anyone, including employees, throughout their entire digital presence. By adopting this approach, organizations can embrace a "work-from-anywhere" model. Unlike many companies that still rely on security measures tied to physical location or traditional networking constructs like VLAN, IP and MAC addresses, and VPNs, Elisity offers a modern solution that enhances cybersecurity for enterprises.


2021. Network security startup ExtraHop jumps to $900M exit



Network security startup ExtraHop has recently undergone an acquisition by private equity firms Bain Capital Private Equity and Crosspoint Capital Partners, in a deal valued at $900 million. The acquisition is centered around obtaining a comprehensive security solution that offers controls for hybrid environments, catering to the needs of companies with assets distributed between on-site and cloud-based infrastructures. ExtraHop utilizes advanced analytics and machine learning to identify and track threats, regardless of how customers deploy their infrastructure. This acquisition aligns with the vision of a future where environments become increasingly distributed, with less defined perimeters and more interconnected networks.


2020. Axonius nabs $58M for its cybersecurity-focused network asset management platform



Axonius, a company based in New York, offers organizations the ability to manage and monitor the various computing assets connected to their networks. The company's solution allows customers to integrate this data with over 100 different cybersecurity tools for analysis. Recently, Axonius secured $58 million in a Series C funding round. Over the past year, the company has experienced significant growth, particularly in light of the current circumstances. It comes as no surprise that Axonius has thrived during a time when secure remote work solutions are in high demand, as businesses strive to adhere to government policies promoting social distancing to combat the spread of the COVID-19 pandemic.


2019. Forward Networks raises $35M to help enterprises map, track, and predict their networks’ behavior



Security breaches and other disruptive incidents that lead to network surges and outages are increasingly prevalent in enterprise environments. Addressing this issue, Forward Networks, a startup specializing in network monitoring, has successfully raised $35 million in a series C funding round. The company's innovative software constructs a replica of an organization's network architecture, allowing for the simulation of individual processes and applications within the network. This simulation helps identify the interactions and behavior patterns that define "normal" versus "abnormal" network activity. By continuously monitoring the network in real-time and predicting potential issues, Forward Networks assists businesses in proactively identifying and addressing problems. While not primarily focused on fixing network issues, the product fills a crucial gap in the market for developer operations. It provides engineers with the necessary tools to identify areas that require attention, enabling them to strategize and implement effective solutions.