6 cybersecurity start-ups to follow in 2022
Start-ups in computer security are often champions of innovation. Focus on those looking closely at cloud protection, identity and access management, security orchestration and incident response automation.
Cybersecurity start-ups often try to solve problems that are not yet widespread. More agile than most well-established publishers, they are a priori able to innovate more quickly to fill gaps or emerging needs because they are not hampered by the weight of a historical installed base. The downside, of course, is that these young shoots often lack resources and maturity. However, it is a risk for a company to engage in the product or platform of a young company and this requires another type of customer/supplier relationship. The benefits, however, can be enormous if it provides a competitive advantage or reduces pressure on corporate security resources. Focus on some nuggets in cybersecurity.
As enterprises increasingly use SaaS software platforms, security teams can struggle to monitor and guard against the risks they present. Grip Security’s product promises to provide greater visibility into all SaaS solutions used in a company. According to the company, this helps to better enforce security policies and identify security blind spots. Grip can operate standalone or through a Cloud Access Security Broker (CASB). Originally from Israel, the company managed to raise $19 million in a first funding round (Series A) led by Intel Capital, after an initial seed round ($6 million).
The JupiterOne cloud-native attack management platform promises to bring more context to a range of security processes, including vulnerability management, compliance, and identity and access management (IAM). The company also says its solution can better help organizations comply with security regulations. This is made possible by the integration capabilities of this solution to work within the existing security environment.
JupiterOne has developed a platform to identify cloud misconfigurations and compliance gaps. (credit: JupiterOne)
Lightspin offers a Cloud Native Application Protection Platform (CNAPP) that the company says can identify, prioritize and remediate attack paths within the cloud stack. The solution works in any cloud hosting environment, including Amazon Web Services (AWS), Azure, and Google Cloud Platform (GCP). The Lightspin solution is suitable for securing all DevOps phases. For example, it can perform IoC and API scans during build, identify misconfigurations and exposed secrets during production. Or provide protection against malware targeting runtime environments. In June 2021, the start-up succeeded in raising $16 million as part of a funding round (Series A) led by Dell Technologies Capital, with the participation of Ibex Investors.
Co-founded by Vladi Sandler, its CEO, Lightspin has indicated that the total amount of funds raised since the creation of the company in January 2020 amounts to 20 million dollars. (credit: Lightspin).
Noetic Cyber markets what it calls a “continuous cyber asset management and control platform.” The company claims that this provides greater visibility into the network, better monitoring of controls and understanding of the relationships between the different elements. On the last point, the solution of this start-up can map the relationships between IT assets and resources to help identify security vulnerabilities. The editor also offers integration with orchestration and automation workflows. At the start of February 2022, the start-up reinforced its management team with the arrival of Karen Higgins (Chief Financial Officer), Mike Rogers (Chief Revenue Officer) and Charlie Howe (Vice President EMEA).
Noetic Cyber successfully raised $20M (Series A) in July 2021 from Energy Impact Partners LP, with participation from seed round investors Ten Eleven Ventures and Glasswing Ventures. (credit: Noetic Cyber)
Tracking what Polar Security calls “ghost data” in the cloud can be a challenge. The company is trying to meet it with its Data Security Posture Management (DSPM) solution, a concept related to CSPM (Cloud Security Posture Management). According to Polar Security, its solution automatically maps and tracks data and cloud-native data workflows to better prevent vulnerabilities and meet regulatory compliance. Once the platform has identified the data, an automated labeling function then classifies the sensitive data. The company was founded by Dov Yoran, Guy Shanny – an entrepreneur who founded a Web vulnerability research service at the age of 14 – and Roey Yaacovi. The Israeli startup raised $8.5 million in January 2022.
Revelstoke offers what it claims to be the premier security orchestration, automation and response (SOAR) platform. The company’s objective is to simplify the implementation of this type of solution. It does this by offering low-code playbooks to automate security processes, pre-built integrations based on a unified data layer. Not to mention case management via “guided surveys” and a dashboard-based user interface.
Revelstoke closed in January 2022 a $13M round (Series A) from ClearSky Ventures, Crosslink Capital and Rally Ventures Management LLC. (credit: Revelstoke)