Venture capital firm Kleiner Perkins is reportedly negotiating to lead a $350 million funding round for Chainguard, a cybersecurity startup based in Kirkland. This funding is expected to elevate Chainguard's valuation to $3.5 billion, a significant increase from $1.1 billion in July 2024. The news highlights the growing interest in cybersecurity firms amid rising cyber threats. In a related development, Israeli-US startup Cybereason has raised $120 million led by SoftBank's Vision Fund 2 and Liberty, as it faces challenges following a lawsuit from its ex-CEO regarding financial instability. Additionally, Harmony Intelligence has raised $3 million to enhance AI-powered cyber defenses as the demand for cybersecurity solutions continues to rise.