Saturday, April 13 2024

Cybersecurity Venture Funding and Mergers: Key investments were made in cybersecurity training, secure enterprise browser, and risk management companies. M&A activity this week involved identity security, zero trust, and threat intelligence firms.

Funding

Cybrary, a cybersecurity training platform, raised $25 million in a Series C funding round. The round was led by BuildGroup and Gula Tech Adventures, two of its current investors.

Ofer Ben-Noon,Talon Cyber Security CEO and co-founder

Talon Cyber Security, a secure enterprise browser supplier with headquarters in Tel Aviv, Israel, raised $100 million in a Series A funding round led by Evolution Equity Partners. CrowdStrike co-founder and CEO George Kurtz, Ballistic Ventures, CrowdStrike’s Falcon Fund, Merlin Ventures, SYN Ventures, and previous investors Lightspeed Venture Partners, Sorenson Ventures, and Team8 also participated in the round.

Axio Global Inc., a cybersecurity risk management startup, secured $25 million in a Series B investment round led by ISTARI, with participation from preexisting investors NFP Ventures and IA Capital Group.

Keyavi Data Corp., a provider of cybersecurity solutions that protect companies against both internal and external data loss and attack, recently announced that it has raised $13 million in Series A funding.

Flow Security, a data security company based in Tel Aviv, Israel, announced $10 million in seed funding. The round was led by Amiti, with participation from GFC, Amdocs Ventures, and industry leaders such as CyberArk CEO Udi Mokady.

Lumu, a Florida-based cybersecurity company, has secured $8 million in an investment round led by Panoramic Ventures.

Application security company Ghost Security emerged from stealth with a $15 million investment from 468 Capital, DNX Ventures, and Munich Re Ventures.

Mergers and Acquisitions

Andre Durand, founder and CEO of Ping Identity

Software investment firm, Thoma Bravo, has entered into a definitive agreement to purchase Ping Identity, a supplier of the Intelligent Identity solution for the enterprise, for $28.50 per share in an all-cash deal with an Enterprise Value of roughly $2.8 billion.

Intrepid Solutions and Services, a provider of cybersecurity and information technology services, has been acquired by CIS Secure Computing, a company in HKW’s portfolio.

The Reynolds & Reynolds Company, a supplier of software, services, and forms for car dealerships, has purchased dealership cybersecurity provider Proton Dealership IT to improve its cybersecurity capabilities.

Netskope, a provider of security service edge (SSE) and zero trust solutions, has acquired Infiot, a provider of zero trust security, network and application optimization, and AI-driven operations.

Cyber threat intelligence company Flashpoint has acquired Echosec Systems, a provider of open-source intelligence for national security, public safety, and enterprise customers.

Belden, a global supplier of networking solutions, has added network security company macmon secure GmbH to its portfolio to expand its capabilities in network access control and meet its customers’ industrial networking needs.

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

Previous

Cybrary Secures $25 Million in Series C Funding Round

Next

Cyber Deals: Spin Technology, CyberArk, Mesh Security

Check Also

Widget

Don’t Miss

The words Endpoint Detection and Response (EDR) on a green background with lines on the right side of the image

Best Endpoint Detection & Response Platforms

Lara Oporto

Endpoint Detection & Response platforms continuously monitor endpoints for signs of malicious activities, such as unauthorized access or unusual behavior, enabling rapid detection and response to potential cyber threats to safeguard organizational assets. What is Endpoint Detection and Response and how does it work? Endpoint Detection and Response (EDR) is a cornerstone in modern cybersecurity […]

AT&T AlienVault Products Review: OSSIM vs USM

Ellie Buscemi

AlienVault is now the technological basis for AT&T AlienLabs and provides multiple products for different companies’ cybersecurity needs. What AT&T AlienVault Products are Available? In December 2021, CISOstack reported that AT&T intended to acquire AlienVault to expand its cybersecurity offerings to more businesses. Two years later, AlienVault-based offerings make up a large portion of AT&T’s […]

Photo by Simon Kadula on Unsplash.

Navigating Manufacturing IIoT Cybersecurity Challenges

John Powers

Guarding the Gears: Government policy and industry collaboration to mitigate cyberthreats to manufacturers. The smart factory is on the rise. Production lines equipped with advanced sensors can monitor equipment health in real-time and predict potential issues before they disrupt operations. Temperature and humidity sensors can ensure the optimal environment for delicate manufacturing processes. RFID-enabled asset […]

Best Microsegmentation Software

Ellie Buscemi

Microsegmentation allows a company to divide digital assets into smaller, more secure groups, which makes it harder for cybercriminals to take over a company’s data center. What is Microsegmentation? Microsegmentation refers to cyber professionals building layers of cybersecurity protection between groups of digital assets or individual cyber assets. Adding these layers inside instead of only […]

Best Breach and Attack Simulation Platforms

Ellie Buscemi

Breach and attack simulation (BAS) platforms allow companies to see weaknesses in their cyber infrastructures before a malicious hacker can exploit them. What Is BAS – Breach and Attack Simulation? Breach and attack simulation (BAS) is an approach to cybersecurity that uses advanced tools to imitate the attacks used by cybercriminals on companies’ digital infrastructure. […]

Ofer Ben-Noon and Ohad Bobrov

Palo Alto Networks to Acquire Talon

Ellie Buscemi

On Monday, Palo Alto Networks agreed to acquire Israeli startup Talon Cyber Security, an enterprise browser platform. The deal values Talon at between $600 to $700 million, according to The Information. Palo Alto will integrate Talon’s enterprise browser solution into its Prisma SASE product. The acquisition comes among a wave of acquisitions and releases involving […]