Wednesday, June 12 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.


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