Wednesday, May 29 2024

Recent cybersecurity companies that raised capital and announced financial or strategic transactions. In mergers and acquisitions this week, Microsoft acquired CIEM provider CloudKnox. Sophos acquired NDR technology provider Braintrace. The highest venture funding rounds involved companies specializing in supply chain risk management, threat prevention, and cyber risk quantification.

Funding

Safe Security, a Palo Alto-based provider of cybersecurity solutions and digital business risk quantification, has secured $33 million in a funding round led by British Telecom Group, a telecommunications and network provider in the UK. Existing investors, including former chairman and chief executive officer of Cisco Systems John Chambers, also participated in the round.

DNSFilter, a Washington, DC-headquartered deliverer of DNS threat protection and content filtering, has raised $30 million in a Series A funding round headed by Insight Partners, which focuses on growth-stage technology, software, and Internet businesses.

Interos, a supply chain risk management and operational technology resilience company based in Washington, DC, has raised $100 million in a Series C funding round fulfilled by NightDragon, as well as previous investors including Kleiner Perkins and Venrock.

QOMPLX, a Virginia-based provider of cyber risk analytics, has announced plans to go public on the New York Stock Exchange through a special purpose acquisition company (SPAC) merger with Tailwind Acquisition, a blank check company headquartered in Los Angeles, California.

YesWeHack, a Bug Bounty and Vulnerability Disclosure Policy (VDP) platform based in Paris, France, has recently closed a €16 million Series B funding round headlined by Banque des Territoires and Eiffel Investment Group, with participation from YesWeHack’s Series A investors Normandie Participations and CNP Assurances.

Magic, a San Francisco-based passwordless authentication start-up, has secured $27 million in a Series A funding round led by Northzone, with contribution from Tiger Global, Volt Capital, Digital Currency Group, CoinFund, and previous seed round investors Placeholder, Cherubic Ventures, SV Angel, Naval Ravikant, Guillermo Rauch. Individual investors including Reddit co-founder Alexis Ohanian and Coinbase ex-chief technology officer Balaji Srinivasan also participated.

Ninjio, a California-based cybersecurity awareness training company, has secured an investment from Gauge Capital, a middle market private equity firm based in Texas.

Mergers & Acquisitions

Microsoft has acquired CloudKnox Security, a California-based provider of Cloud Infrastructure Entitlement Management (CIEM), making this Microsoft’s sixth acquisition this year. Joy Chik, corporate vice president of Microsoft Identity, said the acquisition will provide Microsoft Azure Active Directory customers with “granular visibility, continuous monitoring and automated remediation for hybrid and multi-cloud permissions.”

Rapid7, a Boston, Massachusetts-based provider of data security and analytics solutions, has announced its acquisition of IntSights, a New York-headquartered and Israel-born cyber threat intelligence company for $335 million. The acquisition will strengthen Rapid7’s extended detection and response offering by enabling high-fidelity alerts that ensure earlier threat detection and accelerated response times, according to the deal announcement.

Enea, a Swedish information technology company, has announced its acquisition of AdaptiveMobile Security, an Ireland-based provider of mobile threat defense and intelligence capabilities. “Our unique offering of security products coupled with deep security intelligence and analyst input will enhance Enea’s product offerings, especially in the area of 5G.” says Brian Collins, chief executive officer of AdaptiveMobile Security.

OPSWAT, a Florida-based cybersecurity company specializing in critical infrastructure protection, has acquired Bayshore Networks, a North Carolina-based provider of operational technology (OT) and industrial control systems (ICS) security solutions. The acquisition will enhance OPSWAT’s capabilities in secure data transfer in critical networks, intrusion prevention, remote access for OT assets.

Cybereason, a Boston, Massachusetts-based provider of endpoint protection, has announced its acquisition of empow, an Israeli cybersecurity start-up specializing in security analytics. empow’s capabilities in predictive response technology will supplement Cybereason’s offerings in extended detection and response (XDR).

Accenture has completed its acquisition of Openminded, a French cybersecurity services company. According to the press release, the acquisition would strengthen Accenture Security’s presence in Europe.

Audax Private Equity has acquired a majority stake investment in Flashpoint, a New York city-headquartered cybersecurity threat intelligence company. The company plans to utilize the investment on accelerating key product initiatives and the addition of new data sets that are critical to threat intelligence.

ASGN Inc., a Virginia-based IT services company, has acquired IndraSoft, a software company also based in Virginia. IndraSoft will become part of ECS, ASGN’s federal contracting subsidiary.

Sophos, a British security software firm that develops antivirus and encryption products, has acquired Braintrace, a Utah-headquartered cybersecurity company specializing in network detection and response (NDR) technology. “Braintrace’s NDR technology will enhance and extend Sophos’ Managed Threat Response (MTR), Rapid Response, and Extended Detection and Response (XDR) solutions through integration into the Adaptive Cybersecurity Ecosystem, which underpins all Sophos products and services,” writes Sophos chief technology officer Joe Levy in a blog post.

Avantus Federal, a Virginia-based IT defense contractor, has announced its acquisition of Occam’s Razor Technologies, a Washington, DC-based software company specializing in computer network exploitation, cyber research and development.

NortonLifeLock, an Arizona-based software company that focuses on cyber security, is in talks to acquire Avast, a Czech Republic-based cybersecurity threat detection company, according to The Wall Street Journal. The Journal estimates that the deal could value Avast at over $8 billion.

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