A contributing factor to the cybersecurity skills gap is the number of security startups that are founded recently. As per a report by CBInsights and PwC, Cybersecurity startups gained up to $10.7 billion in funding in 2020.
Overall cybercrime costs are expected to reach $10.5 trillion yearly by 2025, up from $3 trillion in 2015, according to Cybersecurity Ventures. As a result, security is expected to quite double in size to $300 billion by 2025.
As attack methodologies involve AI, machine learning, and nation-state hackers. Cybersecurity startups are receiving more funding to develop products that can protect application access for remote employees, offer real-time visibility into cyber-attacks, and secure data as it travels from the Cloud to IoT devices.
Top Cybersecurity startups to watch in 2021
1. Axis Security
Axis Security offers a Secure Access Service Edge (SASE) platform. SASE uses policy controls based on dynamic directory integration, disarm. It reconstructs capabilities and application-layer visibility for incident response investigations.
In Sep 2020, Axis Security raised $32M in series B funding, for a total of $49 million over 3 rounds. Also last year, the company launched the Axis Security Partner Program (ASPP) for VARs, systems integrators, MSSPs, OEM partners, and distributors. The aim of this program is to help enterprises to supply secure application access for their remote workforce.
2. Bitglass
Bitglass took the chance to increase its value by adapting its CASB product to specialize in protecting organizations with a remote work system that has become commonplace because of the COVID-19 pandemic. Cloud Security Platform merges CASB (cloud access security brokerage), on-device secure web gateways, and zero-trust network access to secure endpoints across all devices in a network. Gartner has named Bitglass a leader in its Magic Quadrant for 3 years in a row.
3. Cado Security
Cado Security created a name for itself by giving the first cloud-native forensics and response platform. The Cado Response platform provides security teams the capacity to respond instantly to threat incidents in cloud or container environments. Most ancient tools used for investigating cyber-attacks cannot assess potential impacts on these environments.
Cado Security could be a young startup, founded in 2020, yet it’s already received $1.5 million in seed funding.
4. Cato Networks
Cato Networks is another SASE supplier that has seen a large boost in attention because of the pandemic. Cato’s platform experienced a 30% increase in remote employees connecting to cloud services over the time span of 3 months.
In November 2020, Cato closed on a $130 M round of funding. This comes after reaching $77 M in the last funding round in six months. This latest round brought its valuation up to $1 billion.
Recommended ITech News: EclecticIQ Endpoint Response 3.0 Released – Improve Cyberdefense with Real-Time Detection & Response
5. Confluera
Confluera is the maker of XDR for Cloud cybersecurity. This product offers autonomy, another attractive factor for remote workforces. Its extended detection and response (XDR) solution tracks network traffic and automatically combines the data with machine-comprehended threat detection. It uses this data to indicate an entire narrative of an attack in real-time, instead of solely logging isolated alerts to assist teams to intercept threats before they’re able to do damage.
6. Cybereason
Endpoint detection has never been more in-demand because of remote work. Cybereason provides endpoint detection and response (EDR), antivirus, and managed detection and response services. It has an automated hunting engine that looks for unusual behavioral patterns, blocks known attacks, and aggregates good and bad behavioral information to modify investigation.
7. Darktrace – Threat Detection
Darktrace‘s Cyber Artificial Intelligence (AI) platform finds and fights cyber threats in real-time. It merges the skills of IT experts from the University of Cambridge with intelligence experts from MI5. Unsupervised machine learning, AI, and self-learning technology are used to uncover previously unseen patterns in data. By finding subtle deviations from an organization’s regular patterns, it is easy to detect impending attacks.
8. Enso
Enso is an application security posture management (ASPM) platform. It helps to developers by offering comprehensive cybersecurity during the app building process. It’s common for developers and IT teams to run into security problems whereas building apps and testing them for bugs. The product increases the automation security surrounding development to reduce risk.
Enso could be a young startup, founded in 2020, but its niche focus has garnered much attention. Enso already earned $6M in seed funding.
9. Ethyca
The foundational concept of Ethyca’s product is compliance. Maintaining regulatory compliance is an important part of data privacy and should be a key focus for all enterprise organizations. Ethyca automates compliance tasks, as well as real-time data mapping, automated subject requests, consent management, and subject erasure handling.
Investors understand the growing importance of maintaining compliance. This information helped Ethyca gain $13.5 million in funding in June 2020.
10. Illumio
Illumio builds adaptive micro-segmentation technology to establish a zero-trust framework. Zero-trust framework stop the spread of breaches inside any data center and cloud. Illumio ensures the correct provisioning of security policies by understanding and developing changes in infrastructure or applications.
It has raised $332.5M in funding from an impressive roster of investors: J.P. Morgan Asset Management, and information Collective, as well as specific investors like Chairman of Microsoft John W. Thompson, CEO of Salesforce Marc Benioff, and Co-founder of Yahoo jerry yang. Illumio received various business awards, added container support. Illumio reached #2 on our list of top zero trust vendors.
11. Immuta
Immuta is concentrating on regulatory compliance, specifically HIPAA, GDPR, and CCPA. Its product automates data management, as well as access management, to maintain privacy compliance.
Immuta raised $40M in series C funding in the previous year. Immuta was given the 2020 ISV Rising Star Award from Databricks and was named one of inc Magazine’s 2020 great places to work in the year 2020.
12. Isovalent
Isovalent product, Cilium, provides networking, monitoring, and security. Most significantly, it was built to be scalable. The aim is to assist organizations secure mission-critical, complex workloads in cloud environments.
Isovalent is used in many organizations like Adobe, Capital One, and Datadog. The company has a variety of impressive investors, like Google and Cisco, who led Isovalent to $29 million in series A funding.
13. OneTrust
OneTrust offers security and a data governance technology platform. The company’s suite of products includes AI-powered discovery and classification, third-party risk exchange, ethics, and compliance software, privacy management software system, and more. The aim is to provide a comprehensive solution to managing security in a progressively complex regulatory environment.
14. Orca Security
Orca Security provides agentless cybersecurity and compliance for AWS, GCP, and Azure. The company’s offering places it in a prime spot because the adoption of cloud computing continues to grow. Founded 2 years ago in 2019, Orca Security has already received $82 million in funding. A series B funding round gave the company $55 M in seven months after a Series A round.
15. Perimeter 81
Perimeter 81 offers multiple security products. Currently garnering attraction is their new Zero Trust Application Access solution. This product gives agentless, zero-trust accessibility, capitalizing on the least privileged access trend.
In 2019, the company integrated with SentinelOne, another startup on this list, to confirm that endpoints are fully compliant and protected before they’re granted access to the Perimeter 81 cloud-based network. Perimeter 81 also be coupled with SonicWall in 2020. To connect a single secure network and gain access to physical and cloud resources from anywhere.
The company received $40 million serial B funding in 2020. Gartner also named Perimeter 81 on their Cool possible list in 2019.
Recommended ITech News: API3 Launches Authoritative DAO And Staking
16. Privafy
The Privafy product was designed to protect “data-in-motion.” This is an important corner of the market. 80 % of all data breaches occur whereas data is a transfer between cloud networks.
Another aspect of the company’s attraction is that it provides many products that specialize in a few markets. These involve CarrierEdge as a telecommunications service provider, MicroEdge for the IoT industry.
17. SECURITI.Ai
SECURITI.ai fights fire with fire against cyber-attacks that use AI and ML techniques. The company implements AI into its security product to assist organizations secure data while automating privacy and compliance.
This startup has experienced sizable growth recently, increasing its team from 160 200 up to two hundred over the last year. SECURITI.ai secured $50 million in series B funding last year after receiving $31 million in a Series A round in 2019.
18. SentinelOne
SentinelOne protects against executables, memory-only malware, exploits in documents, spearphishing emails, macros, drive-by downloads and alternative browser exploits, scripts like Powershell, and papers encroachments. It engages behavioral-based detection, mitigation, and forensics to prevent threats in real-time. SentinelOne is the top-rated endpoint protection platform
19. Ubiq Security
Ubiq Security provides an API-based platform that makes it simple for developers to add data encryption directly into applications. When performed manually, this is a time-consuming task that always needs experienced developers.
Ubiq Security was established in 2019. Ubiq Security gathers an impressive catalog of big-name customers, including the United States Army, the Department of homeland security, Verizon, and Hitachi.
20. Vdoo
Vdoo, vendor targeting the cybersecurity of remote work ecosystems. Vdoo provide a device security platform to protect network endpoints. The solution gives security analysis, gap resolution, embedded protection, operations monitoring, compliance validation, and actionable insights. It’s also helpful because it can be tailored to particular use cases.
Recommended ITech News: IBM to Acquire Premier Hybrid Cloud Consulting Firm
[To share your insights with us, please write to sghosh@martechseries.com]
