Fraud prevention startup Signifyd has closed a $20 million Series B funding round led by Menlo Ventures. Allegis Capital, IA Ventures, QED Investors, Bill McKiernan and Tim Eades also participated. Signifyd has now raised $31 million in total and will use the latest funds to scale its infrastructure and expand its team. “We’re saving our customers millions of dollars in revenue and merchants of all sizes are taking note,” said Signifyd co-founder and CEO Rajesh Ramanand. “We raised our Series A just 7 months ago and our traction has been tremendous. What’s more, we believe the technology we’re applying to e-commerce is the technical foundation for the next-generation of insurance products.”
Signal Sciences has launched a firewall for web applications, and has disclosed a Series A funding round of $9.7 million led by Index Ventures. “Agile development has changed the way enterprises release code, but until now, security technology has not kept up with the pace of innovation. Shocking as it sounds, the majority of businesses today don’t even know they have been hacked until they’re informed by someone else well after the fact,” said Andrew Peterson, CEO of Signal Sciences. “By being forced to take a radically new approach to web application security, we learned that you have to bridge the gap between security teams, developers and any other departments that need to be aware of a company’s security issues to enable teams to confidently move at the speed they need to succeed.”
Cybersecurity company enSilo has closed a second tranche of its Series A financing round worth $9 million. Rembrandt Venture Partners led the funding, with participation from previous investors Carmel Ventures and Lightspeed Venture Partners. This latest funds brings the company’s Series A round to $19 million and total raised to date to $21 million. “Our fundraising success in this challenging market is driven by the recognition of the serious shortcomings of next-generation firewalls and AV products that kill network and computer performance and fail to prevent threat actors from entering in the first place,” said Roy Katmor, CEO of enSilo. “Other vendors focus on pointing at the potential infiltrator and require OPEX-rich learning periods, complex behavioral analysis or content awareness. enSilo’s platform provides immediate and preemptive prevention against the targeted attack consequences, allowing business as usual – even if they are already inside.”
Arctic Sand Technologies, a power conversion semiconductors company, has raised $19 million in Series B financing. Murata Manufacturing led the round, with co-investors GE Ventures, Northwater Capital and Arsenal Venture Partners. “While our best competitors struggle to increase power conversion efficiency by 1% per chip generation and struggle to make them fit into ever-thinner products, Arctic Sand’s first commercial product, an LED backlight driver IC for mobile computing platforms, increases power conversion efficiency by about 10% – in a 33% thinner form factor, and with no increase in circuit board footprint. Think of it as a no cost way to add an hour or two of operation for your tablet or smartphone,” said Arctic Sand Technologies’ CEO Gary Davison.