Priya Patel**TLDR:** Cybersecurity startup Silverfort has raised $116 million in a late-stage funding round led by Brighton Park Capital, with participation from Citi Ventures and General Motors Ventures. The company intends to use the funds to develop its existing product line and expand into new areas. Silverfort provides identity protection solutions and counts Agoda, UPS, and Samsonite among its high-profile clients. It has also formed a strategic partnership with Microsoft. While Silverfort is not currently considering a public listing, CEO Hed Kovetz stated that the company is in a strong financial position and may consider acquisitions in the future.
Silverfort’s late-stage fundraise brings in $116 million for cyber security startup
Latest from News
OilRig cyber group hits Iraqi Government with advanced malware surprise
Article Summary TLDR: Iranian state-sponsored threat actor OilRig targeted Iraqi government networks in a sophisticated cyber attack campaign using new malware families called Veaty
Ireland investigates Google’s AI data practices
TLDR: The Irish Data Protection Commission (DPC) is launching an inquiry into Google’s AI data practices in Europe. The inquiry will focus on whether
Report finds 4+ remote access tools in most OT environments
TLDR: Over half of OT environments have at least four remote access tools, increasing the risk of malicious activity. Non-enterprise grade tools lack key
TfL updates customer data theft statement following cyber-attack
TLDR: Transport for London (TfL) has revised its statement on the customer data theft after a cyber-attack. The cyber-attack has disrupted online services, but
Yale’s smart campus strategy: defeating AI cyber threats in cloud
TLDR: Yale’s Information Technology Department reported a rise in high-quality phishing attacks due to AI. Yale announced two initiatives: Bee SAFE, Not Sorry and