Thursday, April 25 2024

Cybersecurity Venture Funding and Mergers: Venture funding and merger activity involved cyber awareness, enterprise security, and threat intelligence companies. Cybersecurity companies are evolving to match demand from the healthcare and intelligent infrastructure industries.

Funding

Cyberint, a threat intelligence and attack surface management company, announced a $40 million financing round led by StageOne Ventures, Neva SGR, and Viola Growth. These funds will be used to further develop Cyberint’s SaaS threat intelligence & attack surface management platform, Argos Edge.

ConductorOne, a provider of cloud-specific identity security, received $15 million from Fuel Capital, Fathom Capital, and Active Capital in a Series A funding round led by Accel. With these funds, ConductorOne will continue improving their cloud-focused identity security solutions.

Enterprise applications security provider RevealSecurity raised $23 million in a Series A funding round led by SYN Ventures, with participation from Hanaco Ventures, Silvertech Ventures and World Trade Ventures.

Asimily, an IoT device security and risk management company, announced a strategic investment from MemorialCare Innovation Fund and Ridge Ventures. Asimily will use this investment to create healthcare-specific IoT device security solutions and expand into the healthcare industry.

Ping Identity, a provider of cloud-based identity management solutions, launched Ping Ventures, a $50 million corporate venture capital fund directed towards early stage, high-growth technology companies focused on identity and access management solutions.

Binarly, a firmware supply chain cybersecurity company, secured $3.6 million in seed funding from WestWave Capital and Acrobator Ventures. 

Mergers and Acquisitions

Johnson Controls, a company developing solutions to make buildings smarter, acquired critical infrastructure cybersecurity company Tempered Networks for an undisclosed amount. Johnson Control plans to incorporate Tempered Network’s cybersecurity solutions in their offerings to reach Johnson Control’s goal of sustainable, smart buildings that are resilient to cyberattacks.

Hub Security, an Israel-based company developing confidential computing solutions, announced measures to advance its $1.28 billion merger with a special purpose acquisition company (SPAC), Mount Rainier Inc.

Cybersecurity training software provider MetaCompliance acquired Denmark-based cyber awareness company MOCH for an undisclosed amount. This acquisition will accelerate MetaCompliance’s growth in the European market.

Cybersecurity company Allied Universal announced its acquisition of New York-based International Protective Service Agency, CQB Beveiliging B.V. based in The Netherlands, and Kronjyllands Vagtservice based in Denmark. The strategic acquisitions will expand Allied Universal’s global footprint.

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

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