Saturday, April 13 2024

Coinbase acquires cryptographic security provider Unbound Security.  Armis realizes $3.4 Billion valuation.  Brivo goes public through its recent merger and CyCognito sees an influx of $100 Million.

Funding

Armis closes latest investment round at valuation of $3.4 billion. One Equity Partners, in conjunction with existing investors, made a combined $300 million investment to accelerate its strategic platform development and global GTM initiatives. Armis’ recent growth has been fueled by capturing an increasing market share in a rapidly growing market and by expanding into new verticals and regions. Armis seeks to provide complete visibility, vulnerability detection, and risk management to all assets across the IT, enterprise, medical, operational technology, ICS, IoT, and IIoT environments.

Behavioral cybersecurity risk platform CultureAI lands $4 million seed round to fuel growth. The investment was led by Senovo and saw participation from new investors Conviction alongside existing investors Passion Capital. Angel investors Paul Forster and Guntram Friede also joined the round.

RegScale, delivering continuous compliance automation for highly regulated public and private sector entities, formally launched to the market after spinning out from C2 Labs, a digital transformation services company. As part of this launch, RegScale announced that it has secured an early funding round of $1.5 million with participation from Virginia Innovation Partnership Corporation (formerly CIT), New Dominion Angels and several strategic investors.

Cycode, closed a $56 million Series B round led by New York-based global private equity and venture capital firm, Insight Partners. The application security company raised its $20 million Series A round in May.

The external attack surface Management platform CyCognito raises $100 million Series C funding round led by The Westly Group. New investors Thomvest Ventures and The Heritage Group joined the round alongside existing investors Accel, Lightspeed Venture Partners, Sorenson Ventures and UpWest.

IoT and automotive security company Karamba Security secured $10 million in new funding in an extension to its B Round financing. VinFast, a member of Vingroup, led the investment with participation from SVIC, and existing investors: YL ventures, Fontinalis Partners, Liberty Mutual, Presidio Ventures, Glenrock, Paladin Group and Asgent.

 

Learn about the top security ventures and merger trends in our cybersecurity investment report.

 

Mergers

Coinbase will acquire cryptographic security technologies provider Unbound Security, led by chief executive Yehuda Lindell. Coinbase will gain access to the Israel-based Unbound Security’s secure multi-party computation (MPC) technology and human capital, which includes Lindell and co-founder Guy Peer.

Vulcan Cyber, developers of a cyber risk management platform for infrastructure, application, and cloud security, integrates with the new Amazon Inspector. Through this integration, Vulcan Cyber and Amazon Web Services (AWS) customers will have the ability to aggregate vulnerability data from multiple sources to establish an approach to cyber risk reduction through an orchestrated security remediation campaign.

Capgemini announces completion of the acquisition of VariQ. VariQ is versed as aprovider of Software Development, Cybersecurity, and Cloud services for federal government departments and agencies across the United States, and will be integrated into Capgemini Government Solutions LLC, Capgemini’s independent operating division working with U.S. government agencies.

TransUnion announces that it has completed the acquisition of Sontiq, a digital identity protection and security company, for $638 million. Sontiq provides identity monitoring, restoration, and response products and services for consumers and businesses to protect against identity theft and cyber threats. Sontiq’s focus on identity security will be paired TransUnion’s digital identity assets and solutions, and the combined company intends to offer a set of omnichannel solutions for consumers and businesses.

Quest Software, a cybersecurity, data intelligence, and IT operations management software provider, announces it signed a definitive agreement with Clearlake Capital Group, L.P. to acquire  Quest from Francisco Partners. Patrick Nichols, current CEO of Quest, will continue to lead the Company supported by the existing executive management team.  The terms of the transaction were not disclosed.

Read more cybersecurity M&A and funding updates from SecureDisruptions here.

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