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CYBERSECURITY

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Bright Pixel Capital portfolio company Cybersixgill is acquired by Bitsight

November 2024 CYBERSECURITY Bright Pixel Capital portfolio company Cybersixgill is acquired by Bitsight The Israeli startup specialized in cyber threat intelligence (CTI) joins the global cyber risk management company Cybersixgill, a leading global cyber threat intelligence (CTI) data provider that specializes in processing and alerting teams to emerging threats, Tactics, Techniques and Procedures (TTP’S), Indicators of Compromise (IOC’s) and their exposure to risk as it surfaces on the clear, deep and dark web, has been acquired by Bitsight, a global company specialized in cyber risk management. The Israeli startup founded in 2014, which has more than 80 employees and works with global companies such as financial institutions, government agencies and security forces, had been part of Bright Pixel's portfolio since 2020, when Bright Pixel co-led a 15 million dollar investment round in the company. Bright Pixel also participated in a subsequent funding of the company, supporting its growth until its acquisition....
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Bright Pixel Capital portfolio company Probely is acquired by Snyk

November 2024 CYBERSECURITY Bright Pixel Capital portfolio company Probely is acquired by Snyk The Portuguese Developer-First DAST Provider is now part of the North American cybersecurity company Probely, a Portuguese startup specialized in Dynamic Application Security Testing (DAST), i.e. the development of vulnerability testing solutions for websites, application programming interfaces (APIs) and web applications, has been acquired by Snyk, a North American company specializing in cybersecurity. The idea for the startup was developed in Bright Pixel's incubation program and Probely spun off as an independent entity in 2017. Bright Pixel was the first investor in its pre-seed round, participating in subsequent rounds and supporting the company's growth until its acquisition by Snyk. “Probely's acquisition by Snyk validates its pioneering vision in the DAST space and highlights the exceptional Portuguese talent behind innovative tech solutions. As long-time partners of Probely since its inception, we are proud of its remarkable journey and...
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Tamnoon Raises $12M Series A Fueling First Hybrid Human-AI Managed Cloud Security Remediation Service

September 2024 CYBERSECURITY Tamnoon Raises $12M Series A Fueling First Hybrid Human-AI Managed Cloud Security Remediation Service Fusing Artificial Intelligence (AI) and Human Intelligence (HI) to deliver the only managed service that reduces critical cloud exposures by 90% under 90 days. Tamnoon, a leader in Managed Cloud Security Remediation, today announced it has raised $12 million in Series A funding. The round was led by cybersecurity investment firm Bright Pixel Capital (formerly Sonae IM), with participation by new investors Blu Ventures and Mindset Ventures as well as existing investors Merlin Ventures, Secret Chord Ventures, Inner Loop Capital, and Elron Ventures. Tamnoon is the first and only hybrid human-AI managed service developed from the ground up specifically for cloud security remediation. Founded by cloud security and AI/ML industry veterans, Tamnoon fuses artificial intelligence (AI) with human intelligence (HI) to provide an expert guided remediation process at scale for the cloud that...
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Vicarius Raises $30M Series B to Fuel AI Innovations in Vulnerability Remediation

January 2024 CYBERSECURITY Vicarius Raises $30M Series B to Fuel AI Innovations in Vulnerability Remediation Funding to fuel international expansion and accelerate the development of new AI capabilities as demand grows for autonomous solutions that find and fix vulnerabilities. Vicarius, developers of vRx, the industry’s first fully autonomous end-to-end vulnerability remediation platform, today announced a $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). AllegisCyber Capital, AlleyCorp, and Strait all participated in the financing. The company’s total funding, including investments from previous investors such as JVP, is now over $56 million. The vulnerability management market is expected to grow to over $21 billion by 2028. Vicarius is disrupting the market with fully automated and autonomous vulnerability remediation solutions that proactively reduce cyber risk for businesses. Legacy solutions create too many alerts and too much work for overburdened security teams. According to research by independent analyst...
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Sekoia.io has raised €35M in a new round of financing, a record amount for a European cybersecurity company in series A

May 2023 CYBERSECURITY Sekoia.io has raised €35M in a new round of financing, a record amount for a European cybersecurity company in Series A This confidence granted by Banque des Territoires (Caisse des Depôts group) and Bright Pixel allows Sekoia.io to continue its expansion and to develop its international footprint. Sekoia.io, the European cybertech company that develops the Sekoia.io XDR (eXtended Detection & Response) platform for real-time detection of cyberattacks announces that it has raised €35M from Banque des Territoires, European investor Bright Pixel (former Sonae IM) and its historical investors Omnes Capital, Seventure and BNP Paribas Développement. The fundraising follows a previous round of €10M in 2020. Despite the investment market slowdown at the beginning of 2023, Sekoia.io is delighted with the confidence its investors have shown in the strong foundations of the company and its teams, as well as in its ambitious and innovative approach to make Sekoia.io...
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Picnic Corporation raises Series A extension funding to advance its human attack surface management solution

March 2023 CYBERSECURITY Picnic Corporation raises Series A extension funding to advance its human attack surface management solution Picnic Corporation, the creators of the industry’s first automated enterprise-wide human attack surface management platform, announced today the completion of an extension of its Series A funding, led by Energy Impact Partners and Bright Pixel (former Sonae IM) with continued participation from existing investors Crosslink Capital and Rally Ventures. In this round, Picnic added new venture investment from Red Shepherd Venture and strategic individuals such as Chris Key, former Chief Product Officer of Mandiant and the founder of Verodin. With this financing, Picnic’s total funding has eclipsed $20 million. Picnic emerged from stealth early last year with the first platform of its kind designed to prevent social engineering attacks and initial access by disrupting attacker Open-Source Intelligence (OSINT) reconnaissance on companies and their employees. The company’s technology platform continues to deliver security...
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Probely raises 7.7 million euros in Series A round

November 2022 CYBERSECURITY Probely raises 7.7 million euros in Series A round Probely, the premier cloud-based dynamic application security testing solution, announced today that it closed a 7.7 million euros Series A round co-led by Iberis Capital, a Portuguese venture capital with around 300 million euros in assets under management, and Semapa Next, a Lisbon-based venture capital firm that invests in Series A and B rounds in European-based companies. The international investor specializing in cybersecurity, TIIN Capital, as well as current investors Bright Pixel Capital (former Sonae IM), Caixa Capital, Portugal Ventures, and EDP Ventures, also participated in the funding round. “Our team of co-founders came from an Application Security team. We all experienced first-hand the hard task of scaling application security testing.”, Nuno Loureiro, CEO, and co-founder of Probely explains. “Given the shortage in Security professionals, it can only scale if you shift security testing left, allowing developers to...
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IriusRisk raises $28.7M Series B as threat modeling becomes essential for secure product design

October 2022 CYBERSECURITY IriusRisk raises $28.7M Series B as threat modeling becomes essential for secure product design Threat Modeling Platform used by six of the top Globally Systemically Important Banks (G-SIBs) Paladin Capital-led investment will help to scale offering across global markets IriusRisk, the world’s leading Open Threat Modeling platform, has raised a $28.7 million Series B funding round, led by cyber and deep tech investor Paladin Capital Group, with participation from existing investors Bright Pixel Capital, SwanLaab Venture Factory, 360 Capital and Inveready. IriusRisk helps developers, architects and security engineers to design secure software throughout the Software Development Lifecycle (SDLC) – introducing security from initial design and tracking its implementation through integrations in the development toolchain. IriusRisk’s platform meets the pressing need for software developers to ‘shift left’ when it comes to security to reduce design flaws and the associated costs. The company is experiencing exponential growth, with a...
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Cybersecurity Startup Hackuity Emerges Out of Stealth With a €12M funding

March 2022 CYBERSECURITY Cybersecurity Startup Hackuity Emerges Out of Stealth With a €12M funding Hackuity, an attack prevention cybersecurity startup, today emerged from stealth with a €12 millions funding round led by Sonae IM with participation of previous investor Caisse des Dépôts renewing its confidence. Founded by Orange Cyberdefense veterans and lifelong friends Patrick Ragaru and Pierre Polette, Hackuity empowers cybersecurity teams and leaders to comprehensively collect, prioritize, and remediate security weaknesses before they can be exploited by their adversaries. The explosion of the traditional IT infrastructure into collections of fragmented cloud & hybrid environments and distributed applications, combined with the natural growth of our digital footprint, created a perfect storm situation for cyber security teams in small and large organizations alike. The exponential complexity of their attack surface translated into an unmanageable fragmentation of cybersecurity tools, processes and tactics, which in turn considerably hindered their ability to find, prioritize,...
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Cybersixgill Announces $35 Million in Series B Funding to Expand Global Footprint to Combat the Growing Cybercrime and Cyber Threat Landscape

March 2022 CYBERSECURITY Cybersixgill Announces $35 Million in Series B Funding to Expand Global Footprint to Combat the Growing Cybercrime and Cyber Threat Landscape Funding Led by More Provident, Pension Funds, REV Venture Partners - Additional Investors Include CrowdStrike Falcon Fund, Elron Ventures, OurCrowd, and Sonae IM Tel Aviv, Israel – March 10, 2022 - Cybersixgill, the premier vendor of real-time and actionable threat intelligence, announced today the company has raised $35 million in Series B funding led by More Provident and Pension Funds and REV Venture Partners. Additional participating investors include CrowdStrike Falcon Fund, Elron Ventures, SonaeIM, and OurCrowd. This latest investment brings the company’s total investment to $56 million. The funds will be used to build on customer momentum, continue innovation of Cybersixgill’s threat intelligence solutions, expand global footprint and grow sales and marketing. “We are extremely pleased to be working with world-renowned cybersecurity investors and tech leaders...
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