12 SaaS Startups in the Network Security Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Network Security industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 12 VC funded SaaS startups in the Network Security industry.

42Crunch

The digital enterprise's nervous system is comprised of APIs. Businesses are moving forward at full speed, developing new agile apps based on APIs to broaden their reach, encourage innovation, and interact with their clients, associates, partners, and developers. These new apps are frequently constructed using orchestrations of already-existing partner APIs, public (SaaS) APIs, and internal APIs. While every business is trying to get ahead of the competition and roll out new apps quickly, the security needs are sometimes disregarded or treated as an afterthought. At best, security only covers authentication and authorisation; nevertheless, this is insufficient to cover the entire range of API security concerns. The development, testing, and deployment security needs of API infrastructure are met by 42Crunch, the only enterprise-grade, complete API security platform.

Company details:
Founders:
Isabelle Mauny, Jacques Declas, Philippe Leothaud
Founded:
2016
Based in:
London, England, United Kingdom
Website:
42Crunch
Industries:
Cyber Security, Developer APIs, Network Security, SaaS
Latest funding:
$17,000,000
Series A
19 May 2021
Total funding:
$20,639,504
Investors
Energy Impact Partners, Adara Ventures

AirEye

The only solution that offers complete defense against all types of airborne threats made against the organizational network is AirEye Dome. Wireless communications, including as WiFi, cellular, 5G, and Bluetooth, are used by digital airborne assaults to enter networks without authorization, take control of networks, or leak data. These are also typical APT attack entrance sites. The platform continuously monitors all wireless communications. The detection of any breach in corporate security results in automated attack blocking. Platform management and alert chasing are no longer required because findings are transmitted to the enterprise SIEM. Without requiring architectural modifications or cumbersome interfaces, AirEye Dome is a SaaS platform that effortlessly enhances your current network security architecture. The platform is used in a number of sectors, including banking, telecommunications, healthcare, manufacturing, retail, and aerospace.

Company details:
Founders:
Amichai Shulman, Ohad Plotnik, Roi Keren, Shlomo Touboul
Founded:
2019
Based in:
Tel Aviv, Tel Aviv, Israel
Website:
AirEye
Industries:
Cyber Security, Information Technology, Network Security, SaaS
Latest funding:
$8,000,000
Series A
22 April 2021
Total funding:
$8,000,000
Investors
U.S. Venture Partners

CyberSmart

CyberSmart is an automated compliance platform that aids in the detection, remediation, certification, and prevention of security events that have an impact on your company. They provide a cybersecurity platform that helps small-to-medium-sized businesses (SMBs) resist the ongoing danger of cyberattacks and impose more regulation in a technology environment that is always changing and becoming more connected.

Company details:
Founders:
Jamie Akhtar, Mariella Thanner
Founded:
2016
Based in:
London, England, United Kingdom
Website:
CyberSmart
Industries:
Compliance, Cyber Security, Network Security, SaaS
Latest funding:
$3,086,700
Series A
18 June 2021
Total funding:
$11,618,427
Investors
Seedcamp, IQ Capital, Eos Venture Partners, CyLon Ventures, Winton Ventures

CyCognito

CyCognito is a ground-breaking new strategy for managing external cyber risk that is intended to have a positive influence on company. Our software assists enterprises in profoundly innovative ways to detect, analyze, and master their risk, going well beyond external attack surface management. Our platform employs cutting-edge machine learning and natural language processing to provide previously unheard-of reach, speed, and accuracy. It is fully automated, incredibly scalable, and built to work as promised. We are able to put ourselves in the attackers' shoes, which makes it easier for us to spot and close holes than anybody else. We assist teams in reducing their attack surface by assisting them in identifying real dangers, key areas for emphasis, and appropriate investment strategies. Then, for the first time ever, we use what we have learned to span departments in the repair of cyber risk.

Company details:
Founders:
Dima Potekhin, Rob Gurzeev
Founded:
2017
Based in:
Palo Alto, California, United States
Website:
CyCognito
Industries:
Cloud Security, Cyber Security, Information Technology, Network Security, SaaS
Latest funding:
$100,000,000
Series C
1 December 2021
Total funding:
$153,000,000
Investors
Accel, Lightspeed Venture Partners, The Westly Group, Sorenson Capital, UpWest

iboss

In order to address the issue of safeguarding remote companies, iboss has developed the first and only web gateway as a service. The iboss Distributed Gateway Platform, which was designed for the cloud, makes use of an elastic, cloud-based node architecture to offer improved security for modern decentralized companies with increased financial predictability. No matter the device or location, users are always linked to the iboss cloud to guarantee that all Internet traffic is protected against compliance risks, web blocking, malware, and data loss. The business is headquartered in Boston, Massachusetts, and was established in 2003.

Company details:
Founders:
Paul Martini, Peter Martini
Founded:
2003
Based in:
Boston, Massachusetts, United States
Website:
iboss
Industries:
Cloud Computing, Cyber Security, Network Security, SaaS, Security, Software
Latest funding:
$145,000,000
Series B
5 January 2021
Total funding:
$180,000,000
Investors
Francisco Partners, GS Growth, NightDragon

Lambent

Software provider Lambent, located in Boston, enables data-driven real estate decisions. Using current data sources like Wi-Fi, the Lambent Spaces platform provides occupancy statistics and utilization trends. On corporate and university campuses, it provides real estate experts with actionable knowledge so they can maximize their available space. Visit Lambent Spaces at https://lambentspaces.com to learn more.

Company details:
Founders:
Charles Curran, Chris Lord, Julie Johnson
Founded:
2017
Based in:
Boston, Massachusetts, United States
Website:
Lambent
Industries:
Computer, Facilities Support Services, Network Security, SaaS, Software
Latest funding:
$12,000,000
Series A
24 August 2021
Total funding:
$26,800,000
Investors
MassVentures, Inovia Capital, Will Ventures, Nimble Ventures, Glasswing Ventures

Netography

In the security industry, Netography® has developed the first network-centric platform that restores capabilities that have been destroyed by the combined effects of encryption and atomized networks. Increased stay time and more attackers utilizing the gaps between the capabilities of an organization's other technologies and the segregated operations teams that manage them are the results of enterprises being functionally blind to the composition and activities of their networks. For teams in enterprise security operations centers (SOC) and cloud operations that require scalable, continuous network visibility throughout the Atomized Network, including environments in legacy, on-premises, hybrid, multi-cloud, and edge, there is Netography Fusion®. These teams can see what users, applications, data, and devices are doing and experiencing thanks to the Netography Fusion platform, which gives them visibility and control over network traffic and context across people, applications, data, and devices. Security for the Atomized Network® is solely provided by Netography. Some of the top venture capital firms in the world, including Bessemer Venture Partners, SYN Ventures, A16Z, and others, support Netography, which is based in Annapolis, Maryland. Visit netography.com for additional details.

Company details:
Founders:
Barrett Lyon, Dan Murphy
Founded:
2018
Based in:
Annapolis, Maryland, United States
Website:
Netography
Industries:
Cloud Security, Cyber Security, Information Technology, Network Security, SaaS, Security
Latest funding:
$45,000,000
Series A
15 November 2021
Total funding:
$47,600,000
Investors
Andreessen Horowitz, Bessemer Venture Partners, Wing Venture Capital, Harpoon, Mango Capital

NTRINSEC

In order to meet the difficult difficulties in the identity and secrets management arena, Ntrinsec offers cloud automation tools. The company's platform is intended to eliminate key compromise, which is increasingly a major factor in organizational data breaches.

Company details:
Founders:
Cam Williams
Founded:
2020
Based in:
Littleton, Colorado, United States
Website:
NTRINSEC
Industries:
Cloud Security, Network Security, Risk Management, SaaS
Latest funding:
$2,500,000
Seed
29 June 2021
Total funding:
$2,500,000
Investors
DataTribe

Obsidian Security

To make these intricate, interrelated apps more secure and safe, Obsidian Security develops a thorough and contextual knowledge of them. For business-critical SaaS applications, it is a threat detection and posture management system.

Company details:
Founders:
Ben Johnson, Glenn Chisholm, Matt Wolff
Founded:
2017
Based in:
Newport Beach, California, United States
Industries:
Computer, Cyber Security, Network Security, SaaS
Latest funding:
$90,000,000
Series C
31 March 2022
Total funding:
$119,500,000
Investors
Norwest Venture Partners, GV, Menlo Ventures, IVP, Wing Venture Capital

Perimeter 81

Perimeter 81 provides secure access to local network, applications and cloud infrastructures with one unified platform. By transforming the outdated, hardware-based security appliances into a cloud-based SaaS solution, we are simplifying network security for the modern and distributed workforce.

Company details:
Founders:
Amit Bareket, Sagi Gidali
Founded:
2018
Based in:
Tel Aviv, Tel Aviv, Israel
Website:
Perimeter 81
Industries:
Cloud Security, Cyber Security, Network Security, SaaS
Latest funding:
$100,000,000
Series C
5 June 2022
Total funding:
$165,000,000
Investors
Insight Partners, Toba Capital, SonicWALL, ION Crossover Partners, B Capital Group

Valtix

Valtix makes network security for public cloud applications shockingly simple. Designed with a cloud-native approach, Valtix automatically discovers apps and enables admins to specify deep inspection policies within minutes. This DevOps-friendly approach empowers security teams to deploy an auto-scaling security service without incurring the costs and complexity of multiple WAF and NGFW vendor appliances.

Company details:
Founders:
Praveen Patnala, Vijay Chander, Vishal Jain
Founded:
2018
Based in:
Santa Clara, California, United States
Website:
Valtix
Industries:
Cloud Security, Cyber Security, Network Security, SaaS
Latest funding:
$12,500,000
Series A
21 January 2021
Total funding:
$26,500,000
Investors
Vertex Ventures, Wing Venture Capital, Trinity Ventures, Cisco Investments, Northgate Capital

Whistic

Whistic offers consumers a single platform from which to perform and respond to vendor security evaluations. Prospective clients, consumers, and business partners are increasingly questioning the information security and compliance practices of software suppliers and other businesses that handle or keep sensitive data. By automating and expediting security evaluations, Whistic lowers friction by empowering sales teams to standardize their answers to security questionnaires, allowing InfoSec and compliance teams to more effectively assess the security and compliance posture of a specific firm.

Company details:
Founders:
Juan Rodriguez
Founded:
2015
Based in:
Pleasant Grove, Utah, United States
Website:
Whistic
Industries:
Compliance, Cyber Security, Network Security, Risk Management, SaaS
Latest funding:
$35,000,000
Series B
7 June 2022
Total funding:
$51,020,000
Investors
FJ Labs, Forgepoint Capital, Emergence, Album VC, JMI Equity

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