At the outset of May, four pioneering cybersecurity startups have announced substantial financial injections, ranging from pre-seed to early-stage funding rounds. These injections are set to bolster defenses across critical infrastructure, IT systems, and CI/CD pipelines.
Insane Cyber, hailing from San Antonio, Texas, has successfully completed an early-stage funding round, amassing $4.2 million. The round was spearheaded by Paladin Capital Group and saw contributions from Cyber Mentor Fund, alongside a Fortune 200 company operating in the energy sector.
This enterprise is devising both software and services aimed at thwarting advanced threats that slip past conventional network monitoring, specifically targeting critical infrastructure.
Conceived in March 2023 in New York, Resonance Security has garnered $1.5 million through a pre-seed funding round. Significant backers include Arca, Fabric VC, and Blockchain Founders Fund.
Resonance Security prides itself on its ability to unearth IT system vulnerabilities with tools like penetration testing, code audits, and innovative security tooling that address risks beyond the scope of standard cybersecurity checks.
Another 2023 entrant, RunReveal from Austin, has publicly launched its Security Information and Event Management (SIEM) platform and secured $2.5 million in seed funding from Costanoa Ventures.
The company is concentrated on crafting technology that enables security teams to swiftly pinpoint threats while mitigating the challenges of data overloads, false alarms, and the costs tied to data storage, ingestion, and processing. This is achieved through optimizing data collection, storage, and retrieval processes.
From Seattle, StepSecurity, established in late 2021, has raised a $3 million seed funding round with Runtime Ventures at the helm, and additional support from DeVC, Inner Loop Capital, SaaS Ventures, and various angel investors.
StepSecurity, with a focus on safeguarding CI/CD pipelines and infrastructure, plans to utilize the new capital to broaden its product reach beyond GitHub Actions to include GitLab CI, Harness, and Azure DevOps. The firm is also investing in expanding its engineering, sales, and marketing departments.
