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CYBERSECURITY

By CYBERSECURITY

Sonae closes investment in Sixgill, leading provider in deep and dark web cyber threat intelligence

February 2020 CYBERSECURITY Sonae closes investment in Sixgill, leading provider in deep and dark web cyber threat intelligence Funds to fuel major expansion of solutions that enable enterprises to keep their finances, networks, and reputations safe from cyberthreats that lurk on the deep and dark web Sixgill, a leading cyber threat intelligence company, announced today that it raised $15M in a secondfunding round. The new capital will be used to significantly scale global operations and strengthen core products in support of its growing portfolio. The round was led by Sonae IM and REV Venture Partners with participation by Our Crowd. Previous investors Elron and Terra Venture Partners also participated in the round. “Sixgill uses advanced automation and artificial intelligence technologies to provide accurate, contextual intelligence to customers. The solution integrates seamlessly into the platforms that security teams use to orchestrate, automate, and manage security events,” said Sharon Wagner, CEO of...
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Fyde raises €2M in funding round and reinforces Bright Pixel’s cybersecurity portfolio

July 2019 CYBERSECURITY Fyde raises €2M in funding round and reinforces Bright Pixel’s cybersecurity portfolio Fyde, a disruptive US startup with a Portuguese DNA that wants to revolutionize the way users remotely access to their company’s servers, just closed a €2M post-seed round co-led by top VC investors Draper Nexus and Vertex Ventures, and subscribed by Bright Pixel, Portugal Ventures and Wells Fargo. Forget the complex, traditional VPN access and concerns about data breaches – yours and your clients’. Fyde introduces an innovative solution that changes the current paradigm and bridges the inefficiencies in remote access, adapting to the companies’ hybrid - cloud and on-premise -, decentralized and increasingly complex architectures. By using Zero Trust Security model, Fyde’s software also assures that all users are trusted and have verified access to the server. After two years of product development, by an engineering team based in Oporto, with the support of...
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Leading European Cybersecurity Group results from joining S21sec and Excellium, through a new Sonae IM investment in Benelux

January 2019 CYBERSECURITY Leading European Cybersecurity Group results from joining S21sec and Excellium, through a new Sonae IM investment in Benelux This operation creates one of the most relevant cybersecurity services pure players in Europe, counting with more than 500 professionals and direct presence in 13 cities across 6 countries Sonae Investment Management (Sonae IM), the technology investment arm of Sonae, announced it has acquired a majority stake on Excellium, a market-leading managed security services provider from Luxembourg, with presence in Belgium and more than 100 experts. Excellium provides professional and managed cybersecurity services, namely, through its proprietary SOC Eyeguard Solution (security operations center), being one of the market leaders in the Luxembourgish and Belgian markets. The company holds a strong blue chip customer base which includes the most renowned financial institutions, governmental entities and other economic groups with operations in the Benelux region. As a result of this transaction,...
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Sonae IM strengthens its cybersecurity position in Iberia with the merge between S21Sec and Nextel

June 2018 CYBERSECURITY Sonae IM strengthens its cybersecurity position in Iberia with the merge between S21Sec and Nextel Sonae Investment Management (Sonae IM) hereby announces that it has reached an agreement to join Nextel’s and S21Sec’s operations, with the purpose of strengthening the position of its cybersecurity unit in Iberia and Latin America, as well as of taking a decisive step towards the creation of a European cybersecurity leader. S21Sec is a leading and pioneer Iberian cybersecurity company with a strong presence in Latin America, with a comprehensive and innovative offering of managed services and professional services supported on its proprietary platforms. Nextel is a Spanish company with 30 years of experience and considered a benchmark in auditing and consulting services and also in the integration of the most demanding cybersecurity solutions. With the completion of this operation, the combined company will have around 400 professionals, highly specialized in cybersecurity,...
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Jscrambler – a strong bet in early stage investments in cyber security

December 2017 CYBERSECURITY Jscrambler - a strong bet in early stage investments in cyber security Jscrambler raises US$2.3 million in Seed Extension round led by Sonae IM Jscrambler raises US$2.3 million in a Seed Extension round led by Sonae IM with the co-investment of Portugal Ventures Jscrambler is the world leader in JavaScript application security and has more than 30,000 customers in more than 150 countries Check out our full Press Release: The Portuguese cybersecurity startup Jscrambler raises more than US$2.3 million in a Seed Extension round led by Sonae IM and co-invested by Portugal Ventures. The investment allows the company to expand its business and develop its portfolio, and is an important step in Sonae IM’s internationalization strategy. The Web startup from Oporto works on highly innovative security products to protect Web and Mobile Applications. Its flagship product, Jscrambler, is the world leader in JavaScript Application Security and the...
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Continuum Security – an investment to address application security at the development stage

November 2017 CYBERSECURITY Continuum Security - an investment to address application security at the development stage Sonae IM invests in Continuum Security to address application security at the development stage Spanish-based threat modelling tool to continuously manage application security risks from the design phase, enabling more agile and flexible development cycles Continuum Security, a Spanish-based company, pioneer in the field of application security, has just closed its latest funding round to consolidate its product offer and build a sales team to fuel its international expansion. This investment reinforces the strategy of Sonae IM to build a world-class portfolio in cyber security, on the back of its early-stage vehicle, Bright Pixel, a venture builder studio that contributes with in-depth technology know-how and early-stage investment expertise. Sonae IM and Bright Pixel will jointly play an active role in supporting the company’s expansion plans and will join the lead investor, Swanlaabs, a Spanish...
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Battle against cybercrime: Sonae IM invests in cloud security specialist Secucloud

November 2017 CYBERSECURITY Battle against cybercrime: Sonae IM invests in cloud security specialist Secucloud Germany-based IT vendor enables Telecom Operators to seamlessly protect all connected devices from consumer and enterprise customers Sonae Investment Management totally subscribed a multi million Series B financing round in Secucloud, a leading provider of Security-as-a-Service solutions for ISPs and Telecom Operators. The company is at the forefront of the rapidly growing cybersecurity cloud movement, leveraging the Telecom Operators’ network to offer a security solution for all connected devices, such as smartphones, tablets and IoT devices, both for the consumer and enterprise segments. The adoption of this solution by a customer can be done with just one-click, not requiring any download, app, or update, which overcomes the drawbacks of the traditional solutions available in the market, that typically needs a higher level of customer effort and simultaneously affects devices’ performance. Sonae IM will be part of...
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Fast Growing MDR Player

November 2017 CYBERSECURITY Fast Growing MDR Player Sonae IM Invests in Fast-growing, US-based Arctic Wolf Networks, a Cybersecurity Firm with a Disruptive Market Approach Porto, November 16, 2017 – Arctic Wolf has closed a $14.5 million financing round to continue expanding its security operations center (SOC)-as-a-Service solution in North America and European markets. US technology investors Lightspeed Venture Partners and Redpoint are joined by Sonae IM and Knollwood Investment Advisory in this latest round. Sonae IM will take a seat on Arctic Wolf’s board of directors and play an active role supporting the company’s expansion plans. Arctic Wolf is a global pioneer in the SOC-as-a-Service market with cutting-edge managed detection and response (MDR), which provides a unique combination of technology and services for clients to quickly detect and contain threats. Now, small- to mid-size organizations, who traditionally lack security teams and 24x7 support, can benefit from corporate-grade cybersecurity protection. MDR...
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Cybersecurity: It is all about People

May 2017 CYBERSECURITY Cybersecurity: It is all about People Cyber security is in the spotlight, we all know that. The latest massive ransomware attack WannaCry that affected over 150,000 computers in more than 150 countries, the mega breaches of Yahoo, which affected 500 million accounts and the subsequent revealed breach just a few months after that affected 1 billion accounts, the crazy DDoS attacks bringing down sites including Twitter, the Guardian, Netflix, Reddit, CNN and many others in Europe as result of the cyber-attack to DNS provider Dyn. These are just some examples of attacks that became public, most of them never reach the news. According to a study of FireEye, an estimated 97% of businesses have been breached. Over the past five years, the number of publicly traded Cybersecurity point solution vendors has more than doubled. A report of July 2016 from CB Insights stats that $10.9 billion was...
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Probe.ly

March 2017 CYBERSECURITY Probe.ly I was very pleased to accept this invitation to write for Sonae IM blog about the Caixa Empreender Award 2017 won by Probe.ly. Here you can find out more about this award and its significance to Sonae IM in the words of Carlos Silva, but my mission is to use this text to further explain what we believe to be an innovative tool to find and manage security vulnerabilities in Web applications. Our solution is an open SaaS (Software-as-a-Service) platform available on the cloud, which is able to search for and detect vulnerabilities in any online service. It can be used by a bank to improve the security of its online banking service, but it can also be used on a corporate website of a small, medium or large businesses. I believe this is a democratic solution that allows for an unmatched flexibility on the market....
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