Network security software

Updated: September 17, 2022

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

Cyrebro, a startup that monitors networks for enterprises, leveraging both Cyrebro’s own automation tools and whatever other security apps an organization uses to keep data and infrastructure safe — has raised $40 million. Today, the platform covers a number of functions for its customers — threat hunting, threat intelligence, forensic investigations, incident response, SIEM (security management) optimization, and strategic monitoring, which it provides either as a complete solution or to complement existing security operations at an organization, depending on the size (it works with small businesses as well as very large enterprises).

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

Network security startup ExtraHop has been acquired by a pair of private equity firms for $900 million. The firms, Bain Capital Private Equity and Crosspoint Capital Partners, are buying a security solution that provides controls across a hybrid environment, something that could be useful as more companies find themselves in a position where they have some assets on-site and some in the cloud. The company uses analytics and machine learning to figure out if there are threats and where they are coming from, regardless of how customers are deploying infrastructure. Rothstein said he envisions a world where environments have become more distributed with less defined perimeters and more porous networks.

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

Security breaches and other activities that cause network surges and outages are all on the rise in the enterprise, and today, a startup called Forward Networks, which has built a clever way to help businesses monitor their network traffic to identify when things are going wrong, has raised a series C round of $35 million. The startup's software creates a replica of a company’s network architecture, which is in turn used to simulate individual processes and apps running on the network to figure out how they interact and what would represent “normal” versus “abnormal” behavior, which in turn is applied in real time to monitor the network and predict what might happen on it. This is not a fixing platform per se, but in developer operations, there is a fundamental need and gap in the market for products that help engineers identify what is not working in order to know what to try to fix.