This month, Converge Insurance, the next pioneer in Forgepoint's cyber risk management and insurance strategy, announced its $15 million Series A, and Secure Code Warrior announced its $50 million Series C. Forgepoint and BGV collaborated on a blog about harnessing the power of generative AI in cybersecurity, while key members of our Advisory Council continue to make big moves in the industry and help the greater good. Now onto Black Hat: with 11 of our companies present amid briefings and parties galore, we hope to see you there! Learn more about what's in store next week during Hacker Summer Camp in Las Vegas. 

Black Hat 2023 is next week. Will you be there? If so, meet key members of the Forgepoint Family and contact us as we are hosting a few limited capacity private events. Learn more >

Financings and M&A.

Converge, a modern managing general agent specializing in cyber risk management and underwriting, announced its $15 million Series A funding round from Forgepoint Capital, following the launch of its new cyber insurance program with QBE North America. View coverage in FinTech Global and InsurTech. Learn more >

Secure Code Warrior, the leading agile learning platform for developer-driven security leaders, announced its $50 million Series C funding round, led by Paladin Capital Group with continued participation by Forgepoint Capital and Goldman Sachs. View coverage in TechCrunch and SiliconAngle. Learn more >

Advisory Council Updates.

Congratulations to Yonesy Núñez on his appointment as Managing Director and CISO at The Depository Trust & Clearing Corporation (DTTC), the premiere post-trade market infrastructure for the global financial services industry. He joins DTCC from his prior role as CISO at Jack Henry, and other executive leadership roles at Wells Fargo, Citi, PwC and more. Read more >

Kudos to Ron and Cyndi Gula and The Gula Tech Foundation's Fall 2023 Million Dollar Grant Competition, which is on now with a deadline of August 18th. A total of $1 million dollars will be awarded to winning nonprofits supporting the National Cybersecurity Strategy. Learn more> 

Team Updates.

Alberto Yépez, Managing Director at Forgepoint Capital, and Anik Bose, Managing Partner at BGV and Founder of the Ethical AI Governance Group (EAIGG) co-authored a blog sharing perspectives on how cybersecurity innovation will be impacted by Generative AI. Read more >

Tanya Loh, CMO, shared insight on Huntress' mission, values and culture after she and Ernie Bio, Managing Director, spent nearly a week embedded with the team at their Summer Kickoff 2023 in Los Angeles. Read more >

Headlines and Media.

Google for Startups interviewed Alberto Yépez about what VCs look for in startups as part of its Growth Academy program.  Watch now >

Why is It a Great Time to Invest in Cybersecurity? Industry Resilience in the Face of Economic Headwinds (Nasdaq) Read more >

New SEC Cyber Rules, Crypto Bills Advance to House, Facebook Polarization (Venture Daily) Listen now on Apple Podcasts or Spotify >

Portfolio Company Updates.

KSOC CEO & Co-Founder Brooke Motta was selected to present at the Diana Initiative on Monday, August 7th. She'll speak on how embracing traditionally "feminine" qualities like empathy and vulnerability can help leaders drive success. Learn more >

1Kosmos BlockID Product Lines Now Available in NayaOne FinTech Marketplace. Read here >

AppMap announces a new filtering feature of its sequence diagram tool and that flame graphs are now available within the AppMap extension for VS Code and JetBrains editors like IntelliJ. Read more >

Bishop Fox appointed Patrick Davis as CFO. Read here > 

Constella's Intelligence Dome Executive Protection was featured as a top cybersecurity tool to protect executives in an article by CSO Online. Read here >

Converge launched a new cyber insurance program with leading global insurance provider QBE North America. Read here >

CyberCube produced a report on Lessons Learned from the MOVEIt Attack. Read here >

Cyberhaven was honored as a transformative company in cloud infrastructure in the inaugural Redpoint Ventures InfraRed 100. Read more >

Huntress celebrated one year of security awareness training through its acquisition of Curricula. Learn more >

KSOC launched Automated Risk Triage to help security teams automate the process of highlighting risk in Kubernetes environments. Learn more >

Lumu released an in-depth analysis of Copode 1.0, an emerging Advanced Persistent Threat (APT) actor. Learn more >

ReversingLabs released the final installment of their Service Resilience blog series. Read more >

NowSecure announced its new mobile SDK pen testing service to protect the mobile supply chain. Read here >

Secure Code Warrior Co-Founders Peter Danhieux and Matias Madou wrote about how AI coding tools like ChatGPT suffer from the same common pitfalls as humans when navigating code via Dark Reading. Read here >

SolCyber shared guidance on How to Manage Breach Reporting as Part of Your Incident Response Strategy. Read more >

Surefire Cyber produced a podcast on Cyber Insurance Readiness with Surefire CTO Marc Bleicher, Chief Delivery Officer Joe Tarraf and SolCyber CEO Scott McCrady. Listen now > 

Uptycs released a new research report, Stealers are organization killers, diving deep into the hidden dangers of infostealers and how to defend against this growing cyber threat. Read more >

8/7-11 Black Hat and Hacker Summer Camp: Multiple Forgepoint portfolio companies will be at Black Hat, Def Con, and BSides in Las Vegas. Learn more> 

8/11 10am-2pm PT Bishop Fox is hosting a livestream at Def Con: "The Art of Hacking" will be hosted by Tom Eston, Lindsay Von Tish, and Alethe Denis and feature some of the most reputable names in cybersecurity today. Watch here >

ON DEMAND 1Kosmos CSO Mike Engle predicts a future where digital identity verification will be as easy as pressing a button to order products on Amazon. Watch now >

ON DEMAND CyberCube Co-Founder and Chief Product Officer Ashwin Kashyap and Head of Content, Communications and Creative Yvette Essen discussed AI and the changing cyber threat landscape. Watch now >

Portfolio Company Jobs.

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