InfoSec

The latest news about information security, cybersecurity and infosec startups in Southern California from dot.LA

It seems like every week there's some new high profile data breach. Credit card numbers, addresses, nude photos, Democratic National Committee emails—you name it, hackers have stolen it.

Amit Saha, the CEO of Saviynt Inc, the El Segundo-based security vendor, said the problem has only gotten worse during the pandemic, with so many people working from home and using their personal computers to access corporate networks.

For Saha and his company's 750 employees, that's created a lot of work—and an opportunity. Saviynt announced Monday that they've secured $130 million in capital financing from HPS Investment Partners and PNC Bank to expand their cybersecurity SaaS technology. It's a big bet that the pandemic-fueled demand can help them build a more global company.

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The way tech veteran and entrepreneur Rob Loughan explains it, he isn't in it for the money. Loughan, best known for founding Octane Software, which sold for $3.2 billion in 2001, wants to change how investors assess their personal and professional networks, despite critics' concerns.

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Venture capitalists last month sunk nearly half a billion dollars into a Southern California defense technology startup whose surveillance towers track migrants along the U.S.-Mexico border.

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