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Banzai Cloud was a cloud-native software company developing a suite of open-source tools that reduced friction in the development, deployment, monitoring, and management of applications hosted in Kubernetes environments. Backed by Portfolion in 2018 and through follow-on investments thereafter, the company grew into a globally recognized innovation hub, as reflected by its acquisition by a major US technology player in 2021. Beyond the successful exit, the strength of the team was further demonstrated by the fact that multiple members later went on to found new technology-focused startups.
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Riptides replaces API keys and passwords with auto-rotating, cryptographic identities—eliminating manual credential management. Hungarian security startup Riptides has raised $3.3 million in pre-seed funding to launch its platform for secure non-human identity management. This marks one of the largest Pre-Seed rounds in Central and Eastern Europe ever, and Hungary’s biggest one to date. The funding […]
B2BIT SecurityML/AI
Significant move in the regional venture capital market – Portfolion’s start-up investment Banzai Cloud Ltd. to be acquired by Cisco. Portfolion Capital Partners, a key venture capital firm focused on the CEE region, confirms news about Cisco’s intent to acquire substantially all of Banzai Cloud’s assets. Banzai Cloud is known for its pioneering achievements in […]
Cloud
Riptides replaces API keys and passwords with auto-rotating, cryptographic identities—eliminating manual credential management. Hungarian security startup Riptides has raised $3.3 million in pre-seed funding to launch its platform for secure non-human identity management. This marks one of the largest Pre-Seed rounds in Central and Eastern Europe ever, and Hungary’s biggest one to date. The funding […]
B2BIT SecurityML/AI
Significant move in the regional venture capital market – Portfolion’s start-up investment Banzai Cloud Ltd. to be acquired by Cisco. Portfolion Capital Partners, a key venture capital firm focused on the CEE region, confirms news about Cisco’s intent to acquire substantially all of Banzai Cloud’s assets. Banzai Cloud is known for its pioneering achievements in […]
Cloud