Singtel Innov8 particiates in Synack’s $21.25m Series C

Visual from Synack Facebook page.

Synack, Inc. , a hacker-powered intelligence, has secured a $21.25 million Series C round of funding led by Microsoft Ventures, with participation from new investors Hewlett Packard Enterprise (HPE) and Singtel Innov8, the corporate venture arm of the Singtel Group.

This financing brings Synack’s total funding to over $55 million. The round also saw participation from current Synack investors, including GGV Capital, GV (formerly Google Ventures) and Kleiner Perkins Caufield & Byers.

The funds will be used to further develop the Synack Platform, scale adoption across the U.S. and Europe, enter Asia Pacific (APAC), and continue to recruit and invest in the most skilled hackers.

Microsoft Ventures will take a seat on Synack’s board. Additionally, Gary Steele, CEO of Proofpoint and security industry veteran, will be joining Synack’s Board of Directors to support the company through this phase of high growth.

Synack operates by having a community of vetted penetration testers that can be engaged by high-end customers to perform testing of a client digital infrastructure to highlight weaknesses and other vulnerabilities. A remote network of vetted hackers perform these and can uncover critical security vulnerabilities left undetected by traditional security solutions.

Synack co-founders CEO Jay Kaplan and CTO Mark Kuhr are former operators with the US National Security Agency (NSA), which deals with cybersecurity threats and cyber-terrorism.

Kaplan said, “The best defence is a good offence. Businesses can only stay one step ahead of the adversary by beating them at their own game,” said Kaplan. 

Also Read: 

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Singtel Innov8 hikes its holding in engineering firm HOPE Technik

Singtel Innov8, InVent invest in Thai social commerce platform ShopSpot

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.