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Top 7 Hottest Cloud Security Startups In 2023



Top 7 Hottest Cloud Security Startups In 2023

When it come to securing data and identities, cybersecurity startups are making gallant moves in cloud environments in the last 6months of the year.

Protecting The Cloud

For many reasons, securing cloud environments such as AWS, Microsoft Azure and Google Cloud is a major trouble spot for organizations. Lack of visibility, a massively expanded attack surface and the highly dynamic nature of the cloud are just a few of the big issues facing security teams who are charged with protecting cloud-based resources. As just one indicator of their struggles, cybersecurity professionals who were surveyed at the RSA Conference in April reported that their biggest concern is cloud security, beating out worries about ransomware and remote work, according to a report from access management vendor Delinea.

Not surprisingly, many cybersecurity startups have chosen to focus on addressing these challenges, and a number of up-and-coming cloud security startups have been busy raising funding and deploying their products to more customers in 2023 so far. Notably, many cloud security startups — even those still at the early-stage level — have also been working closely with channel partners, in another sign of the massive market demand for innovation in the cloud security space.

Major focus areas for cloud security startups in 2023 include helping to secure data and identities in cloud environments, while other startups are offering capabilities for investigations and incident response in the cloud.

We’ve been tracking a number of cloud security startups and have chosen 10 that especially caught our attention during the first half of 2023. We’ve focused on startups founded since 2018 that you may not have heard about yet, but that we think are worth checking out (we’re intentionally omitting cloud security startups that have already achieved significant scale and wide recognition, such as Wiz and Orca Security).

Here are the 7 hottest cloud security startups in 2023 so far

1. Britive

In March, Britive announced raising $20.5 million in a Series B funding round led by Pelion Venture Partners. The startup is using the funds to expand the development and deployment of its platform that aims to enable improved identity security in cloud environments. Specifically, Britive is providing what’s known as “just-in-time” privileged access management — which automates the granting and revocation of user privileges — across multi-cloud environments. The startup’s platform also provides greater visibility into security issues in cloud-based systems such as misconfigurations, unusual activity and risky permissions.

2. Cado Security

In March, Cado Security landed $20 million in new funding led by investment firm Eurazeo. The startup, which offers what if calls the “first” platform for forensics and incident response in the cloud, said it will use the funding to expand its customer base and continue developing its product. In June, Cado followed up the funding announcement with the hire of Holly Shea Cappello, who formerly worked for cybersecurity vendors including Rapid7 and Carbon Black, as its new senior vice president of global sales. Cado Security offers a digital forensics platform that is cloud-native — which makes it uniquely designed for cloud environments, according to the startup — and is focused on automating investigation and response efforts.

3. Dazz

Dazz has aimed to stand out from others in the cloud security space by focusing on helping organizations to prioritize and remediate cloud vulnerabilities, in contrast to tools that are mainly capable of generating alerts. The startup’s platform further simplifies the process by providing developers with the fix to cloud security issues within their workspace. Founded by a group of former Microsoft executives — including Bahat, who was previously the general manager for Microsoft’s cloud security business — Dazz has collected $60 million in funding so far. Recent product moves have included the launch of a private preview for a capability that helps to automate remediation of cloud security issues, such as infrastructure-as-code flaws, by leveraging OpenAI’s GPT-4 large language model to derive insights from sources of unstructured data. “Our unique position as a fully-integrated platform allows us to capitalize on the potential of LLMs in providing actionable remediation,” Dazz said in a blog post announcing the new capability in June.

Top 7 Hottest Cloud Security Startups In 2023

Top 7 Hottest Cloud Security Startups In 2023

4. Dig Security

Dig Security, which focuses on data security in the cloud, has made a number of significant moves during the first half of the year including announcing an integration with cybersecurity giant CrowdStrike and landing an investment from Samsung Ventures. In April, Dig Security announced that its data security posture management (DSPM) platform has been integrated with CrowdStrike Falcon, enabling the delivery of enhanced visibility and control for cloud data in real time as well as improved discovery of security posture issues and sensitive data. The integration with CrowdStrike — which is also an investor in Dig Security — has produced what the startup says is the “first-in-the-market” DSPM offering that combines malware detection, data leak prevention and data detection and response in the cloud.

Meanwhile, in June, Dig Security announced that Samsung Ventures has made a “strategic investment” into the startup. The amount of the funding was not disclosed. Dig Security offers a partner program that includes a focus on working with channel partners around delivery of consulting advisory services, implementation services technical support and procurement.

5. Ermetic

Ermetic, a startup that specializes in automatically removing unneeded permissions in the cloud, announced the launch of a redesigned channel program in March. The company’s Above the Cloud Channel Partner Program consists of an offering customized for resellers and a separate offering tailored to MSSPs.

Components of the new program include Ermetic’s first certification program around its cloud-native application protection platform (CNAPP), aimed at providing partners with key technical skills for working with the platform, said Scott Hoard (pictured), head of global channel sales for Ermetic, in a news release. The platform brings an identity-focused approach to unifying and automating a number of capabilities in cloud security — including cloud infrastructure entitlement management (CIEM), cloud security posture management (CSPM), cloud workload protection (CWP) and security for infrastructure-as-code (IaC), as well as Kubernetes security posture management.

6. Laminar

Laminar, a startup that offers a data security platform for cloud environments, announced in April that it has added a number of new features for enhancing its data security posture management (DSPM) offering. The new capabilities add up to making the Laminar platform the “only pure-play DSPM that provides comprehensive enterprise-wide multi-user capabilities,” the startup said in a news release.

Key features that were added in the recent update included the introduction of the Laminar Executive Data Landscape Dashboard, which provides instant visibility into data risk and security gaps, along with “best-in-class” support for role-based access control (RBAC) ensuring that authorized users have controlled access to data policies and system administration.

Also in April, Laminar announced support for Google Cloud and Snowflake, making it “the first cloud-native data security platform to support all major cloud service providers and data warehouse environments,” the company said in a release.

7. Mitiga

In March, Mitiga announced raising $45 million in Series A funding led by ClearSky Security, and targeted for expanding the deployments of its IR2 cloud incident response platform. The startup’s technology enables collection and analysis of forensic data related to cyber incidents affecting both cloud and SaaS environments. The IR2 platform integrates with cloud service providers and SaaS applications and provides what Mitiga calls the “industry’s fastest cloud IR” service, enabling investigations to begin quickly and rapidly delivering insights, according to the startup. In other recent moves, Mitiga said in February that John Watters, whose past roles have included serving as president and COO of Mandiant, had joined the startup’s board as an independent member.

***Culled from CRN


Entrepreneurs seek tax waivers on renewable energy products, say manpower development necessary



renewable energy sector

Some entrepreneurs in the renewable energy sector on Wednesday called for tax waivers on renewable energy products in order to increase access and encourage more people to use green alternatives.

The entrepreneurs stated this in separate interviews with the News Agency of Nigeria (NAN) in Ibadan while speaking on the importance of manpower development in renewable energy in Nigeria.

The Chief Executive Officer of Gacht Solar, Adekunle Audu, said training and retraining were essential to the uptake of renewable energy in Nigeria, especially the off-grid solar technology.

Audu commended Nexgen Energy for organising training for small and medium entrepreneurs to ensure renewable energy has wider acceptance through excellent service delivery.

According to him, the training opened him to new opportunities and networking which have been aiding his venture.

“The Customs duties we pay on our goods when we import (them) is so much and since power is one of the problems in Nigeria, if the government can at least do a tax waiver on some of our products it will really go a long way in helping the power sector,” Audu said.

Also, the Managing Director of Goldmine Technosolar Company, Mr John Olateju, said knowledge of renewable energy products and installation techniques were salient skills essentials for distributors of renewable energy.

He said this was due to constant technological advancement.

According to him, the Techfine training he attended was a good one which created networking among dealers, installers and stakeholders in the industry.

“If such a programme is organised from time to time, it will help installers to operate efficiently and have a voice which will be to the betterment of the nation at large,” Olateju said.

He said government could do a lot to make the renewable energy sector viable, such as encouraging end-users to take to renewable energy through various incentives.

Olateju said such a strategy would make the products affordable and available with the option of loan repayments to uptake renewable energy spread over five to 10 years.

“Considering the economy of this country, the government should be abler to do more than it is already doing, so that the price of renewable energy can be affordable to Nigerians,” he said.

The Chief Executive Officer of Starkbase Consult, Mr Abiodun Oluborode, said manpower development through training and re-training helps people to acquire knowledge.

He said such knowledge would translate to growth and development, especially for start-up businesses.

Oluborode said he had acquired training from Nexgen Energy on how to calculate load on solar energy for installation for clients which had to improve service delivery.

He pointed out that this was something he did not know prior to the training.

Oluborode said most entrepreneurs who want to venture into the renewable energy business had been developing cold feet due to high taxes on the product.

He said this was in spite of the opportunities created by incessant power outages.

“The government should reduce tax one way or the other and encourage people to go into solar. You can see what is happening. Businesses are going down due to lack of power supply from the national grid.

“It should also encourage start-up’s’ businesses by providing them grants, especially for those who are into solar as it is being done for those in the agriculture sector.

”This is because I have a lot of people who want to go into the business, but they do not have the capital,” Oluborode said.

Also, a Sales Representative of Greenlife Power System, Mr Ayo Ogundiya, said government should provide an enabling environment for renewable energy operators.

He added that there were a lot of opportunities in renewable energy in Nigeria and, if harnessed, they can thrive and contribute to the economy of the nation.

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Virgin Galactic to launch its first space tourism flight



Virgin Galactic to launch its first space tourism flight

An 80-year old former Olympian with Parkinson’s disease would be one of three passengers on board Virgin Galactic’s first space tourism flight when it blasts off on Thursday.

Jon Goodwin, from Newcastle, would join Keisha Schahaff, 46, and her daughter Anastatia Mayers, 18, who is studying physics in Aberdeen, on the VSS Unity for the 90-minute trip.

The two women would be the first mother and daughter to make a trip to space after winning a coveted place in a prize draw.

Goodwin secured his seat 18 years ago after buying a 250,000 dollars ticket.

It would be taking off at 4 p.m. (1500 GMT) from New Mexico in the U.S., in the mothership VMS Eve and VSS Unity.

It would separate and take them into sub-orbital space, where they would briefly experience weightlessness, while looking back at Earth.

The trip would raise funds for Space for Humanity, a non-profit group which seeks to send ordinary citizens into space to give them a grander perspective on the challenges facing Earth.

The three would be joined by astronaut instructor Beth Moses.

In June Sir Richard Branson’s Virgin Galactic successfully completed the company’s first commercial spaceflight, taking Italian astronauts into space to conduct a number of scientific experiments.

The company is calling the first private astronaut mission on Thursday Galactic 02.

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