Momentum Partners Releases Its 2nd Annual Watch List After The 2017 RSA Conference

Momentum Partners has completed their selection of the 40 companies to the firm’s annual Watch List from the 1,700+ cybersecurity companies the firm tracks globally. Input was carefully considered from Momentum’s vast network of cybersecurity professionals, investors, and corporate dealmakers in order to identify these 40 companies displaying tremendous momentum.

Momentum Partners's 2017 Watch List (Graphic: Business Wire)

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SAN FRANCISCO--()--Momentum Partners, advisors and dealmakers in cybersecurity, has announced the final 10 companies added to the firm’s annual Watch List. Each quarter 10 companies are selected after carefully weighing feedback from the field and considering a variety of growth and innovation factors.

“For the second year in a row, we are delighted to complete the firm’s Watch List of innovative and breakout companies in cybersecurity,” said Eric McAlpine, Momentum’s Managing Partner. “The firm’s Watch List and our CYBERscape sector taxonomy are labors of love and impossible without the assistance of our vast network in security. Together, we identify those companies we believe are uniquely innovative and have tremendous business momentum. We are not perfect, although the firm does have a strong track record to date identifying early on those breakout companies that have gone on to raise significant rounds of capital at higher valuations and/or achieve attractive M&A exits for their investors and employees.”

“The team is vigilant in our coverage of the cybersecurity ecosystem and we encounter many vendors with tremendous momentum,” said Michael Tedesco, Momentum’s Executive Chairman. “As such, we do our very best to listen to our network to identify these truly innovative companies. Congratulations to their founders, their teams, and their investors.”

The Momentum Watch List for the first quarter of 2017 includes:

  • Better Mobile: mobile threat defense providing detection, prevention, and remediation in real time
  • CyberInt: managed detection & response for digital, mitigating cyber, fraud, & brand threats in real-time
  • Cyphort: adaptive security analytics platform for advanced threat detection and response
  • IntSights: early warning of hacking and fraud attacks via a sophisticated cyber intelligence platform
  • MediaPro: adaptive learning solutions for security awareness, privacy, & corporate compliance training
  • Recorded Future: comprehensive real-time threat intelligence powered by machine learning
  • RedLock: enables enterprises to visualize, monitor and investigate risks across cloud infrastructure
  • SafeBreach: simulates hacker breach methods to quantify risks and validate security controls
  • Uplevel Security: intelligence-driven incident analysis and response applying advanced data science
  • Votiro: advanced CDR solutions to safeguard against undisclosed and zero-day exploits

The Momentum Watch List for the fourth quarter of 2016 included:

  • Armor: active cyber defense solutions offering customer-centric cloud infrastructure and security
  • Blue Cedar Networks: evolving enterprise mobile security from device—to data—centricity
  • Claroty: cyber threat protection providing extreme visibility and monitoring for industrial networks
  • Cronus Cyber Technologies: automated pen testing to identify & eliminate Attack Path Scenarios
  • Cyber adAPT: secure device management combined with attack detection inside the network
  • CyberGRX: third-party risk management remediating risk across its entire partner ecosystem
  • Digital Shadows: cyber situational awareness to help protect against loss of IP and brand integrity
  • Gigya: customer identity and access management platform turning unknown visitors into customers
  • JASK: AI-based predictive SOC platform automates security operations to improve situational awareness
  • Siemplify: Security Orchestration and Automation platform taking threat response to the next level

The Momentum Watch List for the third quarter 2016 included:

  • BioCatch: behavioral biometrics, analyzing human-device interactions including Invisible Challenges™
  • Cato Networks: software-defined and cloud-based secure enterprise networks delivered as a service
  • ID Experts: identity protection, data privacy and fraud prevention software and services
  • Onapsis: cybersecurity solutions for securing business-critical applications & infrastructure
  • OPSWAT: advanced threat detection and prevention platform for known and unknown threats
  • PhishMe: intelligence-driven platform which trains employees to identify and mitigate phishing risks
  • RiskSense: proactive cyber risk management platform that reveals, monitors, and remediates cyber risk
  • SparkCognition: AI-powered cyber-physical software for the safety and security of IT, OT, and the IIoT
  • Vera: data security platform for visibility and control over data, anywhere it’s shared or stored
  • Verodin: cyber-attack simulation platform to continuously assess effectiveness of a network’s security

The Momentum Watch List for the second quarter of 2016 included:

  • Cybereason: total endpoint protection platform including EDR and Next-Gen AV
  • Datashield: next-gen managed detection and response services to mid-market and enterprise
  • Lastline: advanced malware protection through a unique isolation and content inspection environment
  • Morphisec: Moving Target Defense technology to thwart and analyze cybersecurity attacks
  • Prevoty: RASP security, enabling enterprises to automatically protect their applications in production
  • Stealth Security: stealthily secures online applications from automation-based attacks
  • SentinelOne: endpoint protection that utilizes behavioral-based detection and automatic mitigation
  • Templar Shield: GRC; strategy, consulting, hosting, managed services and VAR
  • Uniken: mobile app & IoT security for authentication, transport beyond TLS & encrypted data at rest
  • Vidder: enables secure trusted access to applications based upon Software-Defined Perimeter protocol

Included on the Watch List are 4 2017 RSA Innovation Sandbox Finalists (Cato Networks, RedLock, Uplevel Security & Claroty). SentinelOne raised a $70M Series C financing round since making the Watch List in Q2. Additionally, 7 companies from the 2016 Watch List have raised their next round of financing (Fortscale, Bugcrowd, Twistlock, Distil Networks, Auth0, Exabeam, & Flashpoint) since making the Watch List while one company has been acquired (FireLayers acquired by Proofpoint for $55 million). Watch out for increased strategic activity and maneuvering by these companies in the year ahead!

The complete Watch List with details on each company can be found here: http://momentum.partners/docs/Momentum_Partners_2017_Watch_List.pdf

About Momentum Partners

Momentum Partners is based in Silicon Valley with operations globally providing strategic and financial advisory services to Founders, CEOs and their Boards in cybersecurity. The firm employs a high-touch advisory model suitable for both the unique needs of earlier stage entrepreneurs and the complexity of later stage endeavors – Series A to Exit. Advisors and dealmakers in cybersecurity for the past two decades, Momentum's senior professionals have closed over 200 transactions around the globe totaling over $200 billion in total value including some of the largest, most complex transactions in the history of the Technology sector. Securities are offered through Momentum Capital Markets, LLC, a division of Financial Telesis Inc. Member FINRA/SIPC.

More information on the firm along with our 2016 year-end market review can be found here: http://momentum.partners/docs/Quarterly/Cybersecurity_Market_Review_Year_End_2016.pdf

Contacts

Momentum Partners
Dino Boukouris
dino@momentum.partners

Release Summary

Momentum Partners has completed their selection of the 40 companies to the firm’s annual Watch List from the 1,700+ cybersecurity companies the firm tracks globally.

Contacts

Momentum Partners
Dino Boukouris
dino@momentum.partners