Get details below on recent funding deals. In the past week, two Austin companies announced fundings or reported deals with the U.S. Securities Commission worth roughly $11 million.
Want daily updates on fundings, hires and other news of interest to the startup community? Subscribe to Austin Inno's Beat newsletter.
Spyderbat Inc. said Oct. 25 it raised a $10 million series A round led by Menlo Park-based NTTVC. Other investors included Austin-based LiveOak Venture Partners, as well as Benhamou Global Ventures and John McHale.
Spyderbat was founded in 2019 by CEO Marc Willebeek-LeMair and Chief Technology Officer Brian Smith. The duo were previously on the founding team of cybersecurity startup TippingPoint, which was acquired by 3Comm in 2004. Its security software-as-a-service product provides live mapping and context for blocking intrusions, among other capabilities.
"It is not about detecting individual activities that may or may not indicate a compromise," Smith stated. "What separates Spyderbat is a complete understanding of runtime activities to recognize new workload behaviors or connect threat indicators to each other and their root cause. This context enables early detection and accuracy, with a thorough understanding of the intrusion that enables automation to block it."
The startup says it will use the new funding for product development and go-to-market activities. It also has four open positions posted on its website.
Spyderbat was one of the Austin Inno Fire Awards winners in 2020 after launching out of stealth with $4.2 million in initial equity funding. It now has raised about $14.2 million in total.
Austin-based Major League Pickleball reported Oct. 27 raising an additional $1 million in equity funding toward what could become a $10 million round. The SEC filing comes as the league has been expanding with big name pro athletes, including LeBron James, Kevin Durant and Tom Brady becoming part owners of several new teams. Back in September, MLP reported raising about $2.5 million in equity funding, which added to the roughly $725,000 it raised in 2021 and early 2022.
Check out last week's funding wrap here. Subscribe to Austin Business Journal for startup resources like lists of venture capital and private equity firms, incubators and accelerators, angel investors and coworking providers.
