Enterprise Security Returns To Top Of B2B Investment Mountain
Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. But Software-as-a-Service emerged as a hot spot, too, with the largest investment round of the week going to a B2B eCommerce SaaS provider.
Cybersecurity startup Socure landed $30 million in new funding, reports said this week, with investors at Scale Venture Partners leading the Series C round. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports. Socure provides cloud-based fraud prevention and identity verification functionality to its business customers, and said in its announcement it plans to use the funding to focus on sales, marketing, research and customer support team expansion. With U.S. card issuers, online retailers, payment providers and other businesses using Socure solutions today, the company said the investment will propel its U.S. growth trajectory, particularly in the healthcare and public sectors.