Whistleblower Software has secured $16 million in fresh funding, as reported by TechCrunch, leading to a rebranding and expansion into the compliance sector. Meanwhile, Dtex Systems, an insider risk company specializing in insider cybersecurity risk, announced a significant $50 million Series E funding round led by Alphabet's venture capital fund, CapitalG. This investment underscores the growing recognition of insider threats as a critical area of cybersecurity. Dtex Systems, which employs machine learning to monitor networks, has reached a $400M post-money valuation. The investment by Alphabet's VC arm is seen as a strong vote of confidence in Dtex's approach to addressing the increasingly recognized challenge of insider cybersecurity threats.
Alphabet’s CapitalG backs DTEX Systems with $50M to strengthen insider threat protection https://t.co/BFH2Ac0TsK
Insider cybersecurity risk startup Dtex Systems, which uses ML to monitor networks, raised a $50M Series E from CapitalG at a $400M post-money valuation (@samsabin923 / Axios) https://t.co/Gv5aktCelo 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Zlj4ZihmW2
While protecting their external defenses, too many orgs have inadvertently allowed threats to grow internally. We’re excited to announce CapitalG’s lead investment in @DtexSystems to protect organizations from insider threats worldwide. https://t.co/gt6UkUaU8E
Exclusive: Alphabet's VC fund is investing $50M in insider risk company Dtex Systems — a vote of confidence to Dtex's bet that insider risk will become the next big cybersecurity market. https://t.co/wMGGTk3DxM
With $16M in fresh funds, Whistleblower Software rebrands and expands into compliance: https://t.co/OVtuFC5pD1 by TechCrunch #infosec #cybersecurity #technology #news