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6/20/2019
12:07 PM

7 2019 Security Venture Fund Deals You Should Know

2019 has, so far, been a busy year for venture capitalists in the security industry. Here are 7 funding rounds important because of the technologies or market trends they represent.
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Dashlane
At the end of May Dashlane closed a $110 million series D round of funding. Dashlane is in the digital identity business, with an app that stores and fills in passwords, user names, personal data, and payment details across multiple platforms and devices. The app and service are available in versions for both consumers and the enterprise.
The series D funding, led by Sequoia Capital, with Rho Ventures, FirstMark Capital, and Bessemer Venture Partners also participating, brings Dashlane's total funding to $210.9 million over eight rounds.
Why is the Dashlane funding important? It's all about the password. While researchers look for, and users hope for, something (anything?) that can replace strong passwords for identity security, the password is still at least part of the best solution widely available at this time. Given the limits of the average human memory, a password manager is seen as critical for keeping an identity secure. And the Dashlane investors are betting that there is a strong company to be built providing management for passwords and the rest of the identity stream online.
(Image: Dashlane)

Dashlane

At the end of May Dashlane closed a $110 million series D round of funding. Dashlane is in the digital identity business, with an app that stores and fills in passwords, user names, personal data, and payment details across multiple platforms and devices. The app and service are available in versions for both consumers and the enterprise.

The series D funding, led by Sequoia Capital, with Rho Ventures, FirstMark Capital, and Bessemer Venture Partners also participating, brings Dashlane's total funding to $210.9 million over eight rounds.

Why is the Dashlane funding important? It's all about the password. While researchers look for, and users hope for, something (anything?) that can replace strong passwords for identity security, the password is still at least part of the best solution widely available at this time. Given the limits of the average human memory, a password manager is seen as critical for keeping an identity secure. And the Dashlane investors are betting that there is a strong company to be built providing management for passwords and the rest of the identity stream online.

(Image: Dashlane)

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