There should be no question that IT security is a top concern across all industries and market sectors in 2017. Simply put, no company wants to be a victim of a data breach or other cyber-attack. So corporate executives understand they need to acquire new technologies and implement cyber-defenses to stay safe. As a result there is a continuous parade of new security vendors that enter the market seeking to win create a new lucrative technology niche for themselves. However, growing a security company however takes money, to develop innovative new technology as well as to build a go-to-market strategy. The first month of 2017 started off with a flurry of investment activity as security vendors raised new rounds of funding to accelerate their efforts. The new funding shows the wide diversity of technologies that are needed in 2017. One example is Bitglass, which develops a Cloud Access Security Broker (CASB) technology and raised a $45 million Series A funding round on Jan. 6. With all the diverse security tools used by organization’s today there is also a growing need for orchestration capabilities to coordinate and aggregate security information, which is where Phantom’s platform fit into the picture. Phantom raised a $13.5 million Series B round on Jan. 10. This slide show looks at seven security firms that raised venture capital funding in January 2017.<\/p>\n

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