Fun fact: Dunkelberger acquired the encryption technology known as "Pretty Good Privacy" for less than $2 million and sold it to Symantec two years ago for more than $300 million. Nok Nok Labs is Dunkelberger's fifth startup.
Headquarters: Chicago Founded: 2011 Funding: $6.25 million in Series A funding led by US Venture Partners with Tugboat Ventures and Costanoa Venture Capital Leaders: Co-founders CEO Ed Bellis and CTO Jeff Heuer
Why we're watching it: Risk I/O offers a software-as-a-service tool by the same name that aggregates large quantities of data from a variety of security-assessment tools for the purpose of vulnerability management.
It can be used collaboratively by a team, and the tool is being employed by about 700 companies today. Bellis has said he started the company based on his experience as CISO at Orbitz and the security challenges he faced in business.
Fun fact: The company began life with the name HoneyApp.
Headquarters: Mountain View, Calif. Founded: 2011
Funding: $26 million, including the $20 million Series B financing announced this January from participants including Kleiner Perkins Caufield & Byers, Allegis Capital, Google Ventures, Eric Schmidt's Tomorrow Ventures and former Symantec CEO Enrique Salem. The earlier $6 million round was from Kleiner Perkins and Tomorrow Ventures.
Leader: CEO Derek Smith
Why we're watching it: Though still in stealth mode, the company appears to be taking on Web security. Investors, of course, are lavishing praise on the yet-to-be unveiled technology they are privy to know Shape Security is developing. "Signature and heuristic-based detection have proven unsuccessful in keeping pace with the complexity of modern Web attacks," says Shape investor Enrique Salem, the former CEO of Symantec whose career ended abruptly when the board at that company forced him to step down in July 2012. "I'm excited about Shape's technology because it will allow websites to deflect attacks automatically, using a far more sophisticated approach." A company spokeswoman said Shape plans to have a generally available product by the end of 2013, though this could trail into the start of 2014.