Saturday, April 20 2024

Cybersecurity venture funding and merger activity: This week’s largest deals were MDR and security automation investments, as MSP consolidation continues to attract corporate buyers.


Cork, Ireland-based, data encryption company Valutree acquired $12.8 million in their series A funding round, led by investors Molten Ventures and Ten Eleven Ventures. Funds will be used to expand Valutree’s team, speed up releases, and strengthen security measures.

Drata, a security monitoring and compliance automation platform, secured $200 million in series C funding with the help of investors ICONIQ Growth and GGV Capital. This additional funding has upped Drata’s value to $2 billion, and funds will be utilized to compensate for its expanding consumer base.

Interpres Security, a NC-based threat-based cybersecurity platform, raised $8.5 million in seed funding led by Ten Eleven Ventures.

Vancouver-based mobile security company Expeto obtained $12 million in series B funding round led by Utah based investor Sorenson Capital, bringing their total financing up to $20 million.

Second Front Systems (2F), a public benefit security software company, ended their series A funding round with $32 million, co-led by investors Moore Strategic Ventures and AEI Horizon X. This will be allocated towards expanding their talent and increasing cybersecurity testing.

Field Effect, a Canada-based Managed Detection and Response (MDR) cybersecurity provider, grows their financing to $34.5 million after the most recent funding round with the help of Canadian investor Round13 and American investor Edison Partners.

Bitwave, a San Francisco, CA-based enterprise-focused platform for management of cryptocurrency tax, accounting and compliance, closed a $15 million Series A funding round led by Hack VC and Blockchain Capital, with participation from SignalFire, Valor Equity Partners, Arca, Pulsar Trading and Alumni Ventures Blockchain Fund.

Invent Analytics, a Philadelphia, PA-based retail planning solutions provider, raised $7.5 million in a Series A funding round led by EBRD (European Bank for Reconstruction and Development), with participation from Collective Spark.

Gaia AI, a Somerville, MA-based AI and robotics centric forestry startup, closed a $3 million round of pre-Seed investment, led by E14, with participation from Ubiquity Ventures, Space Capital and SOSV’s HAX.

Rezonate, a Boston, MA-based cloud core identity and access company, raised $8.7 million in a round led by State of Mind Ventures and Flybridge, with participation from Day Ventures and Merlin Ventures.


Mergers and Acquisitions


Cyber Deals: Spin Technology, CyberArk, Mesh Security


Cyber Executive Moves: Appgate, Trellix, Rubrik

Check Also


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 […]