• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Cybersecurity Market

Cybersecurity Technologies & Markets

  • Cyber Security Events 2023-2024
  • Market Reports
  • Sponsored Post
  • Make a Contribution
  • About
  • Contact

Cyber Risk Scorecard Provider NormShield Secures $3.5M in Seed Funding

February 19, 2019 By admin

NormShield, provider of comprehensive, on-demand cyber risk scorecards for enterprises, today announced the close of a $3.5 million seed funding round. The company will use the investment to scale its supply chain risk monitoring platform, including its industry-first Rapid Cyber Risk Scorecard service, and build out a world-class sales, marketing and engineering team to support increasing demand.

NormShield’s round of venture capital (VC) investment is led by Glasswing Ventures Managing Partner Rick Grinnell. Glasswing Ventures is an early-stage venture capital firm investing in the next generation of AI startups. Grinnell is the investment leader behind high-value portfolio companies EqualLogic (acquired by Dell), Prelert (acquired by Elastic), and Resilient Systems (acquired by IBM). He is joined in this round of funding by Data Point Capital Managing Partner Mike Majors. Majors is the investment leader on such funding rounds as Wurldtech (acquired by GE), LogRhythm (acquired by Thoma Bravo), and Black Duck (acquired by Synopsys). Both Grinnell and Majors have joined the NormShield Board of Directors.

“We’re pleased to welcome NormShield as the newest member of Glasswing Ventures’ portfolio of innovative cybersecurity and risk management companies,” said Rick Grinnell, founder and managing partner of Glasswing Ventures. “Their unique, Machine Learning-based technological approach to discovering and combating security vulnerabilities combined with the company’s strong organic growth performance made them a highly attractive target for investment.”

Third-party risk has been a notoriously weak link in the enterprise security chain for decades. The more suppliers and partners an organization have, the greater the potential security risk. NormShield’s cyber risk scorecards alleviate these concerns by quickly giving security and compliance teams the vital data they need to evaluate which third-party partners and stakeholders present the greatest risk — and most importantly, actionable steps to mitigate these risks. NormShield enables companies to collaborate with suppliers and third-party partners to monitor and continuously optimize the cyber security posture of their shared ecosystem.

“At Data Point Capital, we invest in companies that understand the key performance indicators to scale their businesses,” said Mike Majors, managing partner at Data Point Capital. “NormShield, with its real-time, data-driven vulnerability scorecards, is a strong representation of this principle.”

“With the new investment from our highly-respected VC partners, NormShield now has the financial and advisory support to exponentially accelerate what we’ve been growing organically since 2016,” said Mohamoud Jibrell, chief executive officer and co-founder of NormShield. “Our goal in 2019 is to significantly scale the output of our scorecards to support the needs of large financial services companies, retailers, insurance enterprises, global manufacturers and Fortune 1000 organizations who must deal with hundreds, even thousands, of suppliers or third-party partners.”

NormShield will be an exhibitor at the 2019 RSA Conference Early Stage Expo, March 4-8 at the Moscone Center in San Francisco. To reserve your one-on-one time with a NormShield expert live at RSA and receive a free, 60-second evaluation of your company’s (or a supplier’s) security posture, send an email to [email protected]

About NormShield
NormShield enables enterprises to monitor their external cyber risk posture and perform non-intrusive cyber risk assessments of their suppliers, subsidiaries and target acquisitions. Using easy-to-understand scorecards, including its 60-second Rapid Cyber Risk Scorecard, NormShield provides letter grades on various risk categories, along with data on how to mitigate each risk in priority order. NormShield’s financial services, manufacturing, retail, healthcare, and technology industry customers receive actionable intelligence delivered as-a-service, enabling them to take prioritized preventive measures and evaluate third-party risk. For more information, visit www.normshield.com.

Filed Under: Cybersecurity Market

Primary Sidebar

Market Analysis

How to discover the treasure trove of hidden marketing insights by watching customer behavior
Navigating Uncertainty: Prioritizing Hydrogen R&D Efforts for a Sustainable Future
Unleashing the Hidden Talent Pool: The Rise of STARs – Skilled Through Alternative Routes
United Against China: Japan and the Netherlands to Join US in Restricting Semiconductor Exports
Revolutionizing Agriculture: How CRISPR is Changing the Game
The ticking time bomb: Understanding the demographic challenges facing our planet
Smart logistics market to reach $14 billion by 2024

Market Research Media

Turn Your Story into a Game: The Art of Gamifying Your Plot
The end of cheap money is redrawing the map of corporate earnings
The Future of Virtual Reality: How VR is Changing Industries
Market Research Media Survey: The State of Streaming Services
Media measurement services provide a holistic view of cross-media consumption
Gen Z ranks top in luxury sales
How to market recycled products

Secondary Sidebar

Technologies

The Evolution of the Skateboard
How can we clean space junk?
How Electric Vehicles (EV) Are Changing the Automotive Industry
Scientists are looking for intelligent alien life
The Rise of Quantum Computing: Understanding the Basics and its Potential Impact

Venture Capital

The Importance of Diversity and Inclusion in the Workplace
Sequoia Capital announces its $195 Mln dedicated seed fund
Sublime Systems Secures $40 Million Series A to Electrify and Scale Decarbonized Cement Production
actyv.ai Raises Pre-Series A Funding to Fuel Global Expansion, Product Enhancement
Ottopia announces $14.5M Series A Funding Round

Footer

Recent Posts

  • How to encrypt and decrypt text messages with ChatGPT
  • The Impact of Artificial Intelligence on Cybersecurity
  • Global Critical Manufacturing At Significant Risk of Breach
  • What are third-party JavaScript vulnerabilities?
  • Hackers have a prize at the Barcelona Cybersecurity Congress 2023, 31 January to 2 February at Fira de Barcelona’s Gran Via exhibition centre
  • An Action Plan for Cyber Resilience
  • CMMC Implementation Conference 2023 (CIC 2023) taking place at the University of San Diego, January 18-20, 2023
  • Cybersecurity hit most as tech investment plunged
  • Five Cybersecurity Trends that will Impact Life and Business in 2023 and Beyond
  • How rogue states use cyberwarware to undermine democracies

ESN

Velocity 2022, November 7-9, 2022, Omni Scottsdale Resort & Spa at Montelucia, Scottsdale, Arizona
Upcoming Reuters Events: Data-Driven Oil & Gas 2021 (June 14-15), Global Energy Transition (June 21-25)
World Customs Organization’s Authorized Economic Operator Meeting Concludes
Blockchaining Conference 2022 Set Agenda for Inclusive Web 3
Oppenheimer 25th Annual Technology, Internet & Communications Conference, August 10, 2022

Calendarial

Asian World Film Festival, November 9 – 18, 2022, Los Angeles
Poland Independence Day 2022, November 11
Industry 5.0 will open the IOT Solutions World Congress 2023 sessions, 31 January to 2 February, 2023, Gran Via venue at Fira de Barcelona
Explore Michigan’s Best Food City, Nov. 4-12
Affective Computing and Intelligent Interaction will be held September 10-13 2023

Tech Events

The Design Automation Conference (DAC), July 9 –13, 2023, Moscone West Center, San Francisco, CA
Flagship Community Conference for the Leading Open Source Browser Automation Standard Returns to In-person Event in Chicago, March 28-30, 2023
2024 IEEE International Conference on Robotics and Automation (IEEE ICRA 2024), May 13–17 2024, PACIFICO Yokohama
CMX Summit 2021, August 31–September 2, 2021
DattoCon22, September 11-13 2022, Walter E. Washington Convention Center, Washington, D.C.

Event Calendar

DOMOTEX Hannover 2023′ in Germany from 12-15 January
International Foodservice Equipment Distributors Uses VNEXT Virtual Conference Platform To Break Event Attendance Record
NRF 2023, Retail’s Big Show and Expo, January 15 to 17, 2023, Jacob K. Javits Center, New York
IFA 2020 Special Edition, a global leading trade fair for consumer electronics, September 3-5, 2020, Berlin
Bauma 2022, October 24-30, 2022, Munich, Germany

Copyright © 2022 CybersecurityMarket.com

Technologies, Market Analysis & Market Research

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT