Virtual Event Today: Cyber AI & Automation Summit - Register/Login Now
Connect with us

Hi, what are you looking for?


Cybersecurity Funding

Bearer, Notebook Labs, Protexxa Raise Millions in Seed Funding

Bearer, Notebook Labs, and Protexxa, three cybersecurity startups dealing with data security, web3 identity, and enterprise cyber hygiene, respectively, have announced raising a combined total of over $10 million in seed funding.

Bearer, Notebook Labs, and Protexxa, three cybersecurity startups dealing with data security, web3 identity, and enterprise cyber hygiene, respectively, have announced raising a combined total of over $10 million in seed funding.

Bearer, a San Francisco-based company founded in 2018, has received a $4 million investment from Kima Ventures, Partech and Point Nine, bringing the total raised by the company to $8 million.

The startup’s data security SaaS solution helps organizations identify technical and business logic flaws in code during the development cycle, and ensure data security compliance through automation.

Bearer’s solution relies on open source code analysis engines and proprietary heuristics to identify data security risks, proactively monitoring data security policies and prioritizing critical issues for remediation before code is released.

Notebook Labs has announced a $3.3 million seed round led by Bain Capital Crypto, with participation from Abstract Ventures, NFX, Pioneer Fund, Soma Capital, Y Combinator, and several angel investors.

Founded in 2022, the Stanford, California-based firm provides a zero-knowledge identity infrastructure layer to help web3 protocols verify user identity while protecting their anonymity and privacy.

The startup aims to prevent Sybil attacks targeting the blockchain and help advance decentralized finance (DeFi) adoption.

Notebook Labs plans to use the new funds to expand its development team and scale its infrastructure.

Advertisement. Scroll to continue reading.

Protexxa, a Toronto-based firm launched earlier this year, has closed a $4 million CAD (~$2.9 million USD) seed round led by BKR Capital, with participation from The Firehood Angels and several angel investors.

The company leverages artificial intelligence to mitigate enterprise cybersecurity risks by addressing human error. Protexxa offers a personalized cybersecurity protection solution that resolves personal cyber hygiene and which is currently being tested across the education, government, and healthcare industries.

Protexxa plans to use the investment to build out its cybersecurity platform, expand globally, and prepare to scale its operations.

Related: Asset Risk Management Firm Sepio Raises $22 Million in Series B Funding

Related: Spyderbat Raises $10 Million for Cloud and Container Security Platform

Related: Arnica Raises $7 Million to Protect Software Developers, Code

Related: Network Security Company Corsa Security Raises $10 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join us as we delve into the transformative potential of AI, predictive ChatGPT-like tools and automation to detect and defend against cyberattacks.


As cybersecurity breaches and incidents escalate, the cyber insurance ecosystem is undergoing rapid and transformational change.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.