Security Technology

Axiom is a new cloud security solution that has launched out of stealth following the close of its seed round on $7m.

New Zealand-based cybersecurity education company SafeStack has raised NZD 4m ($2.5m), as it looks to hire more staff.

Island, which has built an enterprise browser that boosts online security and compliance, has closed a $60m extension to its Series B round.

As COP27 takes place, it is a reminder of how interweaved ESG will be in the future of the financial marketplace. KYND, a cyber risk technology developer, has released a report exploring the unsung hero of ESG – cyber risk.

A report by the US Treasury has found US financial institutions experienced nearly $1.2bn in costs associated with ransomware attacks in 2021.

Binary Defense Systems, a managed detection and response (MDR) and enterprise defence provider, has raised $36m for its first institutional growth equity funding round.

Munich Re Group, a provider of reinsurance, primary insurance and insurance-related risk solutions, is reportedly to increase its cyber cover prices in Germany and Europe.

Cyber insurer SecondSight has exited stealth with the launch of its AI-driven platform and an oversubscribed $3m seed round.

Immersive Labs, which specialises in people-centric cyber resilience, has raised $66m in fresh funding as it looks to bolster its Cyber Workforce Resilience platform.

France-based cyber defence solution TEHTRIS has raised €44m in financing, which includes €36m in growth equity.