Top Cybersecurity startups to watch in 2024

According to Crunchbase Venture Capitalist firms invested over $15.3 billion in cybersecurity startups last year. In fact, promising cybersecurity enterprises are amongst the most likely to land eye-popping funding. From mitigating the risk posed by third-parties to securing the cloud, the importance of Cybersecurity cannot be understated. Here is our round-up of ten of the most influential cybersecurity startups on our radar this year.

The Top Three

Risk Ledger

Risk Ledger provides businesses with the necessary tools to run a comprehensive, security-led, third-party risk management programme against its supply chain. By providing real-time, actionable data directly from suppliers, businesses can continuously identify, measure and manage a comprehensive set of third-party risks at speed and at scale all for a low, per-supplier cost.
1
.

Orca Security

Orca Security is an industry-leading Cloud Security Platform that identifies, prioritises, and remediates security risks and compliance issues across your cloud estate spanning AWS, Azure, Google Cloud and Kubernetes. This high-growth startup is on a mission to make it fast, easy, and cost effective for organisations to address the critical cloud security issues.
2
.

Apiiro Security

Apiiro empowers application security and development teams with the complete visibility and actionable context they need to save time triaging alerts, fixing and preventing real risks across their modern applications and software supply chains. By building a single platform that unifies application risk visibility, prioritisation, and remediation Apirro ensures the delivery of secure applications to the cloud.
3
.
1
.

Risk Ledger

Risk Ledger provides businesses with the necessary tools to run a comprehensive, security-led, third-party risk management programme against its supply chain. By providing real-time, actionable data directly from suppliers, businesses can continuously identify, measure and manage a comprehensive set of third-party risks at speed and at scale all for a low, per-supplier cost.
Why we’re excited:
Over 60% of organisations have experienced a cyber incident caused by a compromised third-party. Risk Ledger’s unique approach to third-party risk management will play a key role in helping companies build cyber resilience long term. Put simply, Risk Ledger helps businesses to ensure business continuity.
Founded by:
Founded date:
2018
Funding:
Seed US$ 3.5M
# Employees:
1-10
Location:
London, U.K
2
.

Orca Security

Orca Security is an industry-leading Cloud Security Platform that identifies, prioritises, and remediates security risks and compliance issues across your cloud estate spanning AWS, Azure, Google Cloud and Kubernetes. This high-growth startup is on a mission to make it fast, easy, and cost effective for organisations to address the critical cloud security issues.
Why we’re excited:
Cloud security has become increasingly important since the COVID-19 pandemic as companies continue to allow their employees to work remotely. While this might help to improve employee satisfaction it leaves companies more susceptible to cyber attacks. Orca Security helps to mitigate this risk, leaving companies confident their assets are safe in the cloud. At Passionfruit we have employees working in England, Italy and Portugal so we understand the importance of online security, that’s why we believe Orca Security’s is set to be a cyber security leader.
Founded by:
Founded date:
2019
Funding:
Series C US$ 632M
# Employees:
251-500
Location:
Los Angeles, California, U.S

70% of startups use Freelancers to scale

3
.

Apiiro Security

Apiiro empowers application security and development teams with the complete visibility and actionable context they need to save time triaging alerts, fixing and preventing real risks across their modern applications and software supply chains. By building a single platform that unifies application risk visibility, prioritisation, and remediation Apirro ensures the delivery of secure applications to the cloud.
Why we’re excited:
Today developers and application security engineers are overwhelmed with siloed tools and manual risk assessment processes. Apiiro offers a fresh approach to security by helping developers and application security engineers to proactively fix the most critical risks while also checking for vulnerabilities at the design stage. Name a developer who wouldn't want to cut down on the noise and limit the number of fixes. We’ll wait.
Founded by:
Founded date:
2018
Funding:
Series B US$135M
# Employees:
51-100
Location:
New York, U.S
4
.

BluBracket

BluBracket protects software supply chains by preventing, finding and fixing risks in source code, developer environments and pipelines. This means that companies can ship secure code without sacrificing speed or innovation. BluBracket is the first enterprise security solution for code in a software-driven world.
Why we’re excited:
BluBracket has worked with dozens of CISOs and CTOs to design its product suite, giving it an advantage born from real-world expertise. We believe BluTrack is the most innovative and promising cybersecurity startup at present as it gives developers the tools to improve their output all without slowing them down
Founded by:
Founded date:
2019
Funding:
Series A US$ 18.5M
# Employees:
11-50
Location:
Palo Alto, California, U.S

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Learn how
5
.

Cado Security

Cado Security is the provider of the first cloud forensics and incident response platform. By leveraging the scale and speed of the cloud, the Cado platform automates forensic-level data capture and processing across cloud, container, and serverless environments.
Why we’re excited:
With more than 60% of corporate data currently stored in the cloud, it’s more important than ever that organisations have the tools to handle the risk posed by the cloud environment. We believe Cado Security’s ability to drastically speed up incident response in the cloud will see the startup pave the way in this critical and rapidly growing segment of cloud security.
Founded by:
Founded date:
2020
Funding:
Series A US$ 31.5M
# Employees:
11-50
Location:
London, U.K
6
.

Cycode

Cycode is a complete software supply chain security solution that provides visibility, security, and integrity across all phases of the software development lifecycle (SDLC). Cycode integrates with DevOps tools and infrastructure providers, it hardens their security postures by implementing consistent governance, and reduces the risk of breaches. It also incorporates a series of scanning engines that look for issues like hardcoded secrets, infrastructure as code misconfigurations, code leaks and more.
Why we’re excited:
45% of companies are likely to be affected by software supply chain attacks, a figure which is set to grow three-fold over the next two years. Cycode provides its customers with the tools to help prevent them from becoming the next SolarWinds (arguably the worst cyber security attack in recent history with victims including the US departments of health, treasury, and state were affected by this attack). We’re excited because (1) nobody wants a repeat of the SolarWinds fiasco and (2) its vision for SDLC security is extremely comprehensive, meaning there is only room for improvement.
Founded by:
Founded date:
2019
Funding:
Series B US$ 80.6M
# Employees:
51-100
Location:
Tel Aviv, Israel
7
.

Drata

Drata is the world’s most advanced security and compliance automation platform with the mission to help companies earn and keep the trust of their users, customers, partners, and prospects. Drata continuously monitors and collects evidence of a company’s security controls - all while streamlining workflows to ensure audit-readiness.
Why we’re excited:
Compliance is necessary to the success of your business. And at Passionfruit we love how easy Drata makes it for startups to account for this from the get go. So while Drata automatically gathers the necessary “proof” that your data privacy and security practices are in ship-shape, you’re free to focus on other areas of your business.
Founded by:
Founded date:
2020
Funding:
Series C US$ 323.8M
# Employees:
251-500
Location:
San Diego, California, U.S
8
.

Open Raven

Open Raven is a data security management company that prevents leaks, breaches, and compliance incidents. The data security platform is the secure, private, budget-safe solution that closes data visibility gaps – and just works.
Why we’re excited:
Open Raven solves one of the biggest problems in security while satisfying budget and privacy sensibilities. We believe Open Raven’s execution will only continue to get better and better across product expansion, customer acquisition, and retention. What’s not to love?
Founded by:
Founded date:
2019
Funding:
Series B US$ 39.1M
# Employees:
11-50
Location:
Los Angeles, California, U.S
9
.

Island

Island is a web browser with new cybersecurity capabilities designed to block malware and other online threats. With the core needs of the enterprise naturally embedded in the browser itself, Island gives organisations complete control, visibility, and governance while delivering the same smooth Chromium-based browser experience users expect.
Why we’re excited:
Island has transformed the work environment to be secure-by-design, enabling organisations to achieve entirely new levels of security, productivity, and IT efficiency. As Island’s Co-Founder Mike Fey said “when you can validate and confirm that your data can’t leave a given SaaS or web application, the risk level around that data just shrinks”. Who wouldn’t want to future proof their business against the next wave of cyber attacks?
Founded by:
Founded date:
2020
Funding:
Series B US$ 285M
# Employees:
101-250
Location:
Dallas, Texas, U.S
10
.

Secureframe

Secureframe is the leading, all-in-one compliance automation platform, helping organisations get and stay compliant to the most rigorous security and privacy standards with speed and ease.
Why we’re excited:
We believe Secureframe has the technology to drive major transformation in continuous compliance certification. What’s most exciting is that they’re already the go-to solution for high-growth companies who want to automate their entire compliance portfolio. Watch this space.
Founded by:
Founded date:
2020
Funding:
Series B US$ 78.5M
# Employees:
251-500
Location:
San Francisco, California, U.S
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