UK-based smart home security startup Cocoon has closed a round on Crowdcube, raises £2.46 million in funding from almost 1,100 investors. The company launched the equity crowdfunding initiative last month, with a goal of £2 million. Cocoon had previously raised a round of $253,000 from Indiegogo for its home security system in 2014, and in 2015 the company raised £2.4 million from Aviva Ventures and Breed Reply.
Israeli security company Dyadic Security has announced a Series B round of $12 million from Goldman Sachs Principal Strategic Investments, Citi Ventures, and Innovation Endeavors. Innovation Endeavors’ Yuval Shachar has joined Dyadic’s board of directors as chairman. Dyadic provides software-defined cryptography (SDC) and key management solutions for the enterprise. “Dyadic has changed the game for […]
French Azur Drones, a major player in the civilian drone sector, has completed a €3.5 million funding round. The startup offers a drone-based video surveillance service called Azur Drones’Guard, among other services. The investors were not disclosed, but said to be a “large French industrial family”.
Romania’s TypingDNA believes behavioural biometrics and the way you type are the best ways to secure your devices and data.
Finnish startup Noccela raised 1.2 million through a directed share issue. The company did not name the new investors, but said 89 percent of the funding comes from the Netherlands, while the remaining shares were bought by Finnish investors. Existing investors were included in this group.
Israel-founded cyber-threat analysis platform Siemplify has raised an additional $10 million, following a $4 million round in January. The new round was led by 83North and G20 Ventures, and also included Dave Strohm of Greylock Partners and Alex Daly, founder of Arcsight, among others.
Swiss cybersecurity companies WISeKey and OpenLimit are to merge in a bid to take on the German and wider EU market. The two sides announced they had signed a memorandum of understanding today. As part of the merger, OpenLimit will be absorbed into WISeKey with the latter’s name remaining. The company will also provide interim […]