Cybersecurity is one of the hottest areas for venture capital-backed startups. Using CB Insights’ Mosaic algorithm, which combines public data and predictive analytics to assess the health of private companies, we identified some of the hottest cybersecurity startups.
Heading up our list is Massachusetts-based Veracode, an application-security company that has raised $114M in funding. Next is Michigan-based Duo Security, a two-factor authentication system for protecting enterprise data, followed by Santa Clara, California-based Centrify, which provides cloud-based identity-management software and services. The high-momentum startups weren’t necessarily the best funded: of the top 10 per Mosaic, only Veracode has raised more than $100M in funding.
Below is our list of 10 prominent cybersecurity companies with high Mosaic scores, along with recent headlines about news and partnerships:
The 10 cybersecurity startups listed above tend to fall into a few broad categories: corporate application protection, identity management, and cloud defense. Many offer products that span all three sub-categories.
Corporate Information Protection: Companies including Veracode, clearDATA, and Centrify create products and services that allow corporations to protect access to their data across devices. With an increasingly mobilized workforce and more sophisticated network threats, a corporate firewall is no longer sufficient protection for sensitive business information. Corporate information protection startups usually offer a full suite of products that offer security across all device classes, from servers to mobile phones.
Cloud Defense: Companies like CloudLock, CipherCloud, and Elastica offer services that protect access to cloud-based applications like Salesforce or Microsoft Office 365. This enables businesses to move to the lighter, faster infastructure of the cloud without worrying about increasing their exposure to security threats and data breaches.
Identity Management: Companies like FeedZai, Centrify, and Duo Security offer products that help users create secure digital identities and allow business to streamline their identity management. For example, Duo Security utilizes data to create models that will prompt a two-factor authentication system if a data request seems suspicious based on location, IP, device, or network. FeedZai has a similar platform aimed at reducing fraud online, particularly in e-commerce applications.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity