Accelerator · 3 deals
Melbourne, VIC
Every published round CyRise took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Nullify | Pre-seed | Jun 2023 | $1.1m | Participant | Startup Daily (Fri 6 Feb 2026), SmartCompany (Fri 15 Mar 2024), SmartCompany (Mon 11 Mar 2024), SmartCompany (Fri 30 Jun 2023), Startup Daily (Mon 26 Jun 2023) | |
| Onqlave | Accelerator | Feb 2023 | - | Lead | Startup Daily (Thu 27 Apr 2023), Startup Daily (Tue 20 Sep 2022) | |
| Nullify | Accelerator | Feb 2023 | - | Lead | ARN (ARNnet), Startup Daily |
Everyone CyRise has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.
Companies CyRise has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for CyRise, as distinct from the investments it has made.
Companies CyRise has backed that another company then bought. An exit for the holding, not a deal CyRise did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of CyRise is recorded as having been acquired. | ||||
Companies CyRise acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Every investor coverage indicates participated in a round CyRise raised.
| Name | Role | Sources |
|---|---|---|
| Scott Handsaker | CEO | Startup Daily, SmartCompany |
| Virginie Hoareau | Board Member | Startup Daily |
Stories naming CyRise. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup of five Australian startups announcing raises: Stacked Farm, Sherlok, Readiitel's Readii, Nullify and Baresop, together bringing in $46.9 million from local investors.
Also SmartCompany
Nullify, which uses AI to detect code vulnerabilities, has secured $1.1 million in pre-seed funding from OIF Ventures, Blacknova Ventures, Cyrise and two former XM Cyber founders now at Skylight Cyber.
Cybersecurity accelerator CyRise, run by NTT and Deakin University since 2017, is shutting down in May, leaving Australia without a dedicated cyber startup accelerator; its portfolio startups collectively raised over $40m afterwards.
Also Startup Daily
Sydney device-security software firm Devicie has raised a $14 million Series A led by Insight Partners with CyberCX, after an earlier seed round, to fund overseas growth and team expansion.
Also Startup Daily
Melbourne cybersecurity firm Cydarm raised $3 million in a round led by InterValley Ventures, with Five V Capital and returning backer Right Click Capital, to hire staff and expand internationally.
Avertro's CEO recounts his cybersecurity startup's first year: forming the company after Antler's program, joining CyRise, early hires and customers, then closing an oversubscribed round led by Black Nova Group.
A year-end roundup profiling twelve startups to watch in 2020, recalling their 2019 funding rounds, grants, accelerator cohorts, partnerships and growth plans across food tech, legaltech, cybersecurity and other sectors.
Podcast interview in which Detexian's co-founder and chief executive explains its data security product; the piece recalls the startup's CyRise accelerator stint and earlier backing by Right Click Capital.
Three Australian startup hubs received federal Incubator Support program grants: Melt Accelerator, Canobolas Ventures and CyRise, supporting incubators focused on international trade.
Cydarm Technologies, a Melbourne cyber security software maker, has banked $500,000 with Right Click Capital leading, money earmarked for market validation and hiring, while founder Vaughan Shanks eyes overseas markets within a year.