The new investment round was led by Bessemer Venture Partners and SYN Ventures. Existing investors Andreessen Horowitz, Harpoon Ventures, Mango Capital, and Wing Venture Capital also contributed. The network security firm says it will use the capital for the development of new technology and for channel expansion. The company says it also plans to invest…

The funding round was led by Sapphire Ventures, with participation from previous investor Bain Capital Ventures. The company plans to use the new funds to scale up its engineering, product development, and go-to-market capabilities. It will also invest in growing its self-service capacity for small and midsize companies. Founded in 2018, the North Carolina-based firm…

Managed security services are undergoing a timely and significant transformation, armed with new hyperscalable technology stacks, hybrid enterprise and cross-cloud protection complexities, and a demand to evolve from 24/7 eyes-on-glass into hands-on customer-integrated early warning and response. If it wasn’t a tired industry cliché we’d probably be adding “next-generation” or NG prefixes to many of…

The migration toward subscription-based services via the SaaS business model isn’t new this year — it’s part of a larger shift away from on-premises datacenters, applications, etc., that has been underway for years. The pandemic accelerated the shift, boosting SaaS subscriptions as companies looked for virtual collaboration and meeting tools. What is new on a…

Cloud adoption was already strong heading into 2020. According to a study by O’Reilly, 88% of businesses were using the cloud in some form in January 2020. The global pandemic just accelerated the move to SaaS tools. This seismic shift where businesses live day-to-day means a massive amount of business data is making its way…