Cybersecurity Firms Vade, Seemplicity, Surefire Cyber Get $72 Million in Funding

Three cybersecurity firms have collectively raised $72 million in funding from private capital and government.

Vade, which monitors 1 billion email messages worldwide, has received $30 million from Tikehau Ace Capital. The French government also kicked in funding through French Tech Souveraineté, which is part of France 2030, led by the General Secretariat for Investment and operated by Bpifrance and Auriga Partners.

Tikehau Ace Capital’s Francois Lavaste

Francois Lavaste is executive director at Tikehau Ace Capital.

“We invested in Vade because we believe that managed service providers (MSPs) and managed security service providers (MSSPs) need to have technology that can easily and effectively neutralize the latest threats. [Tikehau Ace Capital welcomes] the sustained pace at which Vade continues to grow and have full confidence in [CEO] Georges Lotigier and his team. We are confident in their ability to meet and exceed their clients’ expectations.”

The latest round of funding will further accelerate Vade’s international expansion. It provides additional investment to enhance its cybersecurity products for internet service providers (ISPs), MSPs and SMBs. The company also plans to put increased emphasis on developing MSSP-tailored solutions.

Vade has seen over 100% growth in Vade for M365, its email security product for MSPs. The company has also grown to almost 200 employees. Furthermore, it anticipates growing its staffing by another 80 by the end of this calendar year.

Vade will seek new, more substantial round of financing in the coming months.

Seemplicity

Seemplicity launched with $32 million in funding. The company claims to be the first risk reduction and productivity platform for modern security teams. Investors included Glilot Capital Partners, NTTVC, Atlantic Bridge, S Capital and Rain Capital. Seemplicity already serves Fortune 500 and publicly traded companies.

Seemplicity says its productivity platform connects security findings with those who can fix them, thus removing security teams as the bottleneck. The company aggregates, normalizes and orchestrates findings from multiple siloed security tools to generate a single what is says is a consistent security backlog. This enables security teams to build out and automate risk reduction workflows in the platform. This streamlines handovers between teams and synchronizing all stakeholders, including developers, DevOps and cloud engineers. By consolidating the data from cloud misconfiguration, vulnerability management, AppSec, penetration testing, API security, SaaS security and other security tools into a unified platform, Seemplicity says it cuts out time wasted on manual operations by as much as 80% and increases remediation throughput by six times.

Seemplicity’s Yoran Sirkis

Yoran Sirkis is co-founder and CEO of Seemplicity.

“While the security industry excels at identifying weaknesses and vulnerabilities, it falls incredibly short when it comes to remediation and assurance. Security teams need a workflow tool to help them keep the queue moving, remediate more issues in less time, and scale their operations.”

Surefire Cyber

Surefire Cyber is a new incident response company helping organizations to better manage cyber events such as ransomware, email compromise and other cybercrimes. The company has received $10 million in funding, led by Forgepoint Capital.

Surefire Cyber’s Billy Gouveia

Billy Gouveia is the CEO and founder of Surefire Cyber.

“Surefire Cyber’s goal is to work with our clients and partners to swiftly manage a cyber incident and then bring forward capabilities to help them become more cyber resilient,” Gouveia said. “Our delivery of end-to-end digital forensics and incident response capabilities is built on a tech-enabled framework and delivered through a platform that aligns and connects an organization’s executives, technical team, insurance carrier and legal counsel.”

There’s a rising cost of cyber incidents and the growing adoption of cyber insurance. Surefire Cyber’s platform aims to improve transparency, accelerate decision making, reduce business interruption. It also guides organizations from recovery through to long-term resilience.

Don Dixon is managing director of Forgepoint Capital.

“Surefire Cyber has brought together leading responders with hands-on experience in preparing for all aspects of a cyber incident, expertise to collaboratively guide clients and partners through high-stakes response events, and skill in helping organizations emerge stronger,” Dixon said. “What Billy and team are building is truly unprecedented and serves a critical gap in the market.”