Latest news with #BallisticVentures
Yahoo
20-05-2025
- Business
- Yahoo
BreachRx raises $15m to advance incident response platform
BreachRx, a provider of incident response platform for enterprises, has closed a $15m Series A funding round to enhance its incident response platform. The oversubscribed funding round was led by Ballistic Ventures. It also saw participation from Overline, SYN Ventures, and Silver Buckshot Ventures. BreachRx plans to use the proceeds for expanding its go-to-market and engineering teams. The BreachRx platform is designed to offer a secure, central workspace for stakeholders across an organisation to coordinate cybersecurity incident response management. It fosters real-time collaboration, clearly defines roles and responsibilities, and automates the creation of customised playbooks for various incidents. This streamlining of the incident response process is designed to reduce costs and increase efficiency for enterprises, BreachRx said. Currently, the company serves more than 100 clients, including publicly traded and Fortune 500 companies in sectors such as financial services, technology, healthcare, and critical infrastructure. The company's total funding has now surpassed $23m. BreachRx has also added new members to its leadership team. Ballistic Ventures General Partner and former Mandiant CEO Kevin Mandia joined the board of directors, while former New York Times lead cybersecurity reporter Nicole Perlroth took on the role of board observer. Mandia said: 'Every company should consider how to prepare for and manage through a cyber incident – and BreachRx empowers companies to both plan and execute through cyber events in a manner that promotes far more effectiveness and resilience.' BreachRx CEO and co-founder Andy Lunsford said: 'From founding the company that the Fortune 500 have on speed-dial when they have a breach to expertly leading his own company through one of the most high-profile breaches in history, Kevin knows better than anyone the importance of transparency, speed and precision in the response process. 'His experience and knowledge of how organisations should prepare for and operate cross-functionally in response to cyber events, coupled with Nicole's perspective from reporting on major cyberattacks, are invaluable as we execute our next phase of growth.' "BreachRx raises $15m to advance incident response platform" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19-05-2025
- Business
- Business Wire
BreachRx Closes $15M Series A Funding to End the Chaos of Cybersecurity Incident Response
SAN FRANCISCO--(BUSINESS WIRE)-- BreachRx, provider of the first intelligent incident response platform designed for the entire enterprise, today announced the closing of an oversubscribed $15 million Series A funding round led by Ballistic Ventures, with participation from SYN Ventures, Overline, and Silver Buckshot Ventures. The company also announced the appointments of Ballistic Ventures General Partner and former Mandiant CEO Kevin Mandia to the Board of Directors, and best-selling author and former New York Times lead cybersecurity reporter Nicole Perlroth as Board Observer. The investment brings the company's total funding raised to over $23 million. 'Every company should consider how to prepare for and manage through a cyber incident – and BreachRx empowers companies to both plan and execute through cyber events in a manner that promotes far more effectiveness and resilience,' said Kevin Mandia. The BreachRx platform is a secure, central workspace for every stakeholder across an organization to coordinate and streamline cybersecurity incident response management. It enables real-time, cross-functional collaboration by clearly defining roles, responsibilities, and timelines, ensuring every team member knows exactly what to do and when to do it. The platform reduces costs and increases efficiency by automating the creation of tailored playbooks for any type of incident and reports to track and measure response outcomes for Boards, auditors, and regulators. 'The most forward-thinking CISOs understand that cyberattacks and breaches are events that companies must manage with effective command and control,' said Kevin Mandia. 'Every company should consider how to prepare for and manage through a cyber incident – and BreachRx empowers companies to both plan and execute through cyber events in a manner that promotes far more effectiveness and resilience.' The oversubscribed round follows a year in which BreachRx achieved more than 3x year-over-year annual recurring revenue (ARR) growth for the second consecutive year. The company currently has more than 100 customers, including numerous publicly traded and Fortune 500 companies in the financial services, technology, healthcare, and critical infrastructure markets. It plans to use the new funding to scale its go-to-market and engineering teams to accelerate adoption and innovation. 'From founding the company that the Fortune 500 have on speed-dial when they have a breach to expertly leading his own company through one of the most high-profile breaches in history, Kevin knows better than anyone the importance of transparency, speed and precision in the response process,' said Andy Lunsford, CEO and co-founder at BreachRx. 'His experience and knowledge of how organizations should prepare for and operate cross-functionally in response to cyber events, coupled with Nicole's perspective from reporting on major cyberattacks, are invaluable as we execute our next phase of growth.' 'I can tell you firsthand: breached organizations aren't judged by how well they managed their security defenses — they're judged by their customers on how they managed the communications around their security incident," said Nicole Perlroth. "BreachRx is the first incident response platform built for the messy, high-stakes reality of cyber incidents today. It delivers clarity, cross-functional coordination, privileged communication channels and audit trails. With dynamic playbooks and streamlined tasking, BreachRx enables teams to focus on the real threat — advancing adversaries — instead of scrambling over internal liability and confusion. It's a privilege to work with the BreachRx team.' For more insight on what this funding means for BreachRx and the industry, please read the blog post by the BreachRx co-founders, Andy Lunsford and Matt Hartley. For more information on BreachRx or to schedule a demo, please visit About BreachRx BreachRx is the first intelligent incident response platform that provides operational resilience for the entire enterprise. Its patented technology brings order to the chaos before, during, and after incidents by automatically generating tailored incident response plans and providing targeted guidance to relevant stakeholders through every step of the process. Integrated privileged communication channels and audit trails ensure compliance with rapidly evolving standards and proactively protect CISOs and executive leadership from personal liability. BreachRx is based in San Francisco and is backed by Ballistic Ventures and SYN Ventures.
Forbes
02-05-2025
- Business
- Forbes
AI And Cybersecurity: The New Administration's 100-Day Reckoning
Just 100 days into the Trump administration, cybersecurity leaders are grappling with a volatile mix of deregulation, rising geopolitical tension, and accelerated adoption of AI. At the RSAC 2025 conference this week, Snyk hosted a timely panel titled 'The First 100 Days: How AI, Policy & Cybersecurity Collide,' featuring an all-star lineup: Jen Easterly, former CISA Director; Nicole Perlroth, former journalist and partner with Ballistic Ventures; Sumit Dhawan, CEO of Proofpoint; and Peter McKay, CEO of Snyk. Moderated by Axios cybersecurity reporter Sam Sabin, the conversation examined the early signs of disruption and dysfunction—and what it all means for software security, national defense, and innovation. The discussion was grounded in new findings from a Snyk-commissioned CISO survey, which revealed stark concerns about AI-generated threats, fragmented regulation, and eroding trust between the public and private sectors. Since January, 70% of surveyed CISOs reported experiencing a cyberattack involving AI. Panelists noted that organizations are rapidly embracing AI to increase productivity, but often without properly considering security implications. This rush to adopt AI is creating a widening gap between innovation and risk management. At the same time, nearly all CISOs surveyed expressed concern that AI-generated code may be introducing hidden vulnerabilities, suggesting a dangerous disconnect between perceived readiness and the evolving threat landscape. Peter McKay observed, 'Everybody is just focused on productivity... just get the benefits of AI and we'll figure out security later,' highlighting the widespread rush to adopt AI tools without sufficient safeguards. The panel addressed the impact of federal workforce reductions and policy reversals, including the rollback of Biden-era AI executive orders. Former CISA Director Jen Easterly described the loss of technical talent from government agencies as damaging to national cyber readiness. The panelists noted that reported loyalty requirements for federal cybersecurity personnel could further erode morale and independence. Concerns also extended to international partnerships, with reports that allied nations are beginning to limit intelligence sharing with the U.S., reflecting declining trust in the current administration. AI is drastically accelerating software development cycles, but this rapid pace is straining traditional security frameworks. Panelists highlighted how internal pressure to innovate often overrides caution, leading to insufficiently vetted tools and code. They stressed the importance of integrating security from the outset rather than as an afterthought, and called for secure-by-design practices to become standard. Without these safeguards, AI tools that can prevent threats may also be exploited to cause harm. Speakers emphasized that recent setbacks in federal cybersecurity leadership and policy risk reversing years of progress in public-private cooperation. The collaboration that once enabled a strong collective response to cyber threats—most notably in Ukraine—is now showing signs of strain. Several panelists expressed concern that trust is weakening on both sides, with private companies unsure about their role in threat reporting and mitigation, and government agencies losing key channels for visibility. CISA's partnership-enabling authorities, such as CPAC, were cited as critical tools that are currently on hold. When asked what single change they would make if given a 'magic wand,' panelists offered a range of pragmatic solutions. Proposals included mandating secure-by-design standards for consumer-grade routers—long a weak link in infrastructure security—and launching a national effort to clean up the open source codebase that underpins most modern applications. Others called for harmonized, standardized AI development regulations to prevent a patchwork of conflicting state laws. There was also strong support for a software liability regime tied to demonstrable secure development practices, as well as the use of AI to refactor legacy code written in memory-unsafe languages. As his top policy wish, McKay advocated for a national effort to improve software security at the source: 'If we all just focused on how we can just clean up open source code, we would have been in a better place.' A unifying theme throughout the discussion was the urgent need for coordination—across sectors, agencies, and borders. The convergence of rapid AI adoption, regulatory rollbacks, and mounting cyber threats is creating a perfect storm. Industry leaders stressed that security cannot be an afterthought, and that public trust and international cooperation hinge on transparency, integrity, and mutual accountability. The panel concluded with a call to preserve the principles of trust and collaboration that once underpinned America's cyber defense strategy—and to ensure those values guide policy moving forward. Easterly closed with a reflection on her time at CISA and how that should serve as a guiding light moving forward: 'We built trust and catalyzed trust and collaboration, and we did it with integrity, we did it with humility, we did it with transparency, and we did it with character. And that's what you all should demand from your government.'
