Thursday, April 11 2024

Cybersecurity venture deals and merger and acquisition transactions: Investor interest in managed services and consultancy deals remains strong, as compliance and application security deals attract renewed from venture investors.

Cybersecurity Funding

Low-code and no-code application cybersecurity platform Nokod Security raised $8 million in a seed round from Acrew Capital, Meron Capital and Flint Capital. The Tel Aviv-based company will use the funds to establish a presence in the US market, expand R&D teams, and support research on security vulnerabilities by scanning for security and compliance issues and offering customized auto-remediation.

Unit21 raised $45 million in a Series C funding round led by Tiger Global. The San Francisco-based company helps fintech companies and cryptocurrencies prevent fraud and money laundering by using an API dashboard and has developed a threat-sharing approach similar to a collaborative info-sharing model common among cybersecurity industry ISACs.

Quantum cryptography provider Quside extended the company’s Series A funding round. New investors in the Barcelona company’s €10 million extended funding round include Catalan Institute of Finance venture arm ICF Capital and angel investors.

Cyware raised a $30 million Series C funding round led by Ten Eleven Ventures to expand industry collaboration of information sharing, threat intelligence and threat response tools.

Mergers & Acquisitions

Bitdefender, a cybersecurity software company, announced it will be acquiring Horangi Cybersecurity, which develops application and cloud security software for small businesses. The acquisition comes as Bitdefender moves to augment threat detection and response capabilities within the cloud.

UK-based managed services provider Node4 acquired information security and technology risk management consultancy ThreeTwoFour. The acquisition is Node4’s third major acquisition in the last 18 months.

EDGE, an Abu Dhabi-based defense technology company, announced its acquisition of OryxLabs, a cybersecurity company, to enhance their range of cybersecurity defense solutions.

German IT-systems supplier Bechtle AG made an offer to acquire French cybersecurity and digital infrastructure service company Apixit so it can solidify its market share in France. The deal, which would mark its sixth expansion into a new European country, now goes before Apixit’s worker council and French authorities for review.

DigitalOcean, a cloud services provider, announced its acquisition of AI software company Paperspace for $111 million. With this new acquisition, it hopes to enable customers in testing, building, and scaling AI models in the cloud.

Sidetrade, a company specializing in AI-powered order-to-cash solutions, acquired CreditPoint Software, a B2B credit risk management provider, to consolidate its position in North America.

Additional reporting by Sara Molina; edited by Jeremy Seth Davis.

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


Tackling the Cybersecurity Workforce Shortage: Education, Training, and Diversity


Critical Condition: EU Report Uncovers Growing Threat of Cyberattacks on Hospitals, Health Sector

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 […]