Wednesday, May 29 2024

Recent cybersecurity companies that raised capital, announced mergers and acquisitions, or financial or strategic transactions. This week, AI recognition and threat detection start-ups raised the largest venture rounds. Recent transactions include HPE and Sophos acquisitions of a cloud data management provider and MDR for Linux environments, respectively.

Funding

NanoLock Security, an Israeli provider of device-level protection and management, has raised $11 million in a Series B funding round led by new investors OurCrowd, HIVE2040 (by Avnon Group), and Atlantica Group as well as current investor AWZ Ventures.

Rootly, a technical incident management platform based in San Francisco, has secured $3.2 million in a seed funding round headed by XYZ Venture Capital, with participation from 8VC, Y Combinator, and numerous other individual technology executives.

Unit21, a San Francisco-based platform that provides no-code tools and services that help risk and compliance teams monitor fraudulent activities, has recently closed a $34 million Series B funding round headlined by Tiger Global Management, an investment firm focused on companies in the software, internet, and fintech industries. Additionally, ICONIQ Capital and existing investors including Gradient Ventures, A.Capital, and South Park Commons also participated in the round.

Opaque Systems, a San Francisco-based secure data analytics company, has secured $9.5 million in a seed funding round led by Intel Capital, which invests primarily in start-ups targeting AI infrastructure, cybersecurity, internet of things, and big data. Race Capital, The House Fund, and FactoryHQ also contributed.

r2c, a software security start-up headquartered in San Francisco, has raised $27 million in a Series B funding round fulfilled by Felicis, which invests in companies “creating frontier technologies.” Previous investors Redpoint and Sequoia also participated in the round.

AnyVision, an Israel-based recognition AI company, has secured $235 million in funding from SoftBank Vision Fund 2 and Eldridge, with participation from existing investors such as Robert Bosch GmbH, Qualcomm Ventures, and Lightspeed.

Mantra, a Paris-based email security company, has raised €1.6 million in a seed funding round led by Axeleo, which focuses on French and European technology start-ups.

Mergers & Acquisitions

Sophos, a British security software firm that develops antivirus and encryption products, announced its acquisition of Capsule8, a New York-based provider of detection and run-time visibility for Linux systems. Dan Schiappa, chief product officer of Sophos, noted that the integration of Capsule8 with the Sophos Adaptive Cybersecurity Ecosystem products will deliver an “ability to find and eliminate suspicious activity before it becomes malicious.”

ZeroFox, a Maryland-based provider of external threat intelligence and protection, has announced its acquisition of Vigilante, a dark web threat intelligence company based in New York. With the acquisition, ZeroFox will provide robust dark web intelligence in the form of data delivery, breach intelligence and response, botnet exposure monitoring, and operative intelligence.

Zimperium, a Texas-headquartered mobile security company, has acquired whiteCryption, a San-Francisco-based deliverer of advanced application shielding and cryptographic key protection.

Exclusive Networks, a Belgian cybersecurity company that offers cloud solutions, has acquired Ignition Technology, a UK-based security distributor for “the SaaS world.” Exclusive Networks says that it will develop ignition as a springboard for new vendors and technologies.

Hewlett Packard Enterprise (HPE) acquired Boston-based Zerto, a provider of a cloud data management and protection platform, for $374 million. The acquisition will allow HPE customers to “protect their data and rapidly act on insights, from edge to cloud,” according to Antonio Neri, president and chief executive officer of HPE.

Pixel Holdco, the parent company of cloud-centric IT services and data specialist Perfect Image, acquired Cyphra, a Northern Ireland-based provider of cybersecurity services and solutions. Alongside Perfect Image, Cyphra will create a specialist IT services proposition that combines Cyphra’s cybersecurity solutions with Perfect Image’s portfolio of cloud infrastructure and data analytics solutions.

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