Sunday, June 26 2022

Mega-corns find their way to $2 Billion+ valuation.  Other newcomers see sustained progress through initial Series A.  One giant acquires another to realize immediate net-sales in the $1 Billion+ range. An insurance behemoth acquires additional services for its small business clientele.

Funding

Threat detection marketplace SOC Prime finalizes Series A at $11 million. DNX Ventures led this Series A with contribution from Streamlined Ventures and Rembrandt Venture Partners. SOC Prime is currently the only threat-detection market place that allows security teams access to developers in their efforts to combat cyber-attacks; thus monetizing the developers product.

Cybersecurity investigations control firm Query.ai closes its oversubscribed Series A at $15 million to build out its cyber security operations through its cloud software platform.  This Series A follows an initial seed round of $4.6 million and is earmarked to scale its product development, as well as strengthen its marketing operations.  As a new player in the field, SVN Ventures led this Series A with continued participated from ClearSky Security and South Dakota Equity Partners.

Establishing a $2.5 billion valuation, Burlington, VT-based Aura raises an additional $200 million through its latest Series F round of funding.  Aura intends to flesh-out its branding efforts and expand its R&D operation focused on a SaaS security software operation.  Madrone Capital Partners led this Series F with participation from TenEleven Ventures, General Catalyst, and AndrCo, Warburg Pincus, and Accel.

Israeli cybersecurity firm Valence Security exits stealth mode with a $7 million influx through this round.  Valence Security provides cyber security management and oversight of the growing Business Application Mesh being exponentially adopted by the business scene.   YL Ventures led this funding round with participation from other unnamed usual players.

Cyber security software company Dellfer announce $8 million influx through Series A.  Dellfer’s focus is aimed on cyber security software directed at the automotive and IoT industries and has earmarked this capital to expedite its market entry.  This funding round was led by DENSO and Option3 who have each agreed to participate on Dellfer’s board to assist and advise.  “This investment underscores Option3’s targeted approach cybersecurity investing, focusing on those areas with the greatest future vulnerability, like automobile cybersecurity,” said Manish Thakur, managing partner at Option3 and a Dellfer board member.

Moody’s set to invest $250 million in Bitsight; parties will team-up to develop an integrated cyber security risk platform.  Bitsight commits to acquisition of Visible Risk, a Tel-Aviv based operation focusing on cyber risk quantification.  This influx bestows an ~$2.4 billion valuation on Bitsight and looks to take a leading role in the data risk arena.

MERGERS AND ACQUISITIONS

CDW announces intent to acquire IT solutions integrator Sirius Computer Solutions for $2.6 billion by end of 2021.  This acquisition will include Sirius’ 2,600 person brain trust and opens opportunities for immediate growth in the areas of hybrid infrastructure, cyber security, digital and data innovation, and cloud services.  Post-acquisition, the companies will achieve combined 2021 net sales totaling ~$1.3 billon.

Still in the infancy of its public debut, KnowBe4 acquires SecurityAdvisor for $80 million through cash and stock.  This development “will provide customers with the ability to address human layer (security) risks in real time,” per the merger agreement filed with the U.S. Securities and Exchange Commission. KnowBe4 specializes in security training focused on Human Detection and Response with a goal to facilitate an organization’s human detection of real time threats and subsequent defenses.  The acquisition of Security Advisors expands their market reach; taking advantage of SecurityAdvisor’s current corporate integration.  

HSB acquires Zeguro Cyber Safety Solution to expand the services it offer to small business clientele.  This digital cyber security platform provides-access to cyber security training, compliance policies, and application monitoring to combat cyber threats.  “A business needs both cyber insurance and security,” said Timothy Zeilman, vice president for HSB, part of Munich Re. “The combination of HSB’s cyber coverage and Zeguro’s proven risk management platform offers a seamless experience for our customers to get the protection they need.”

Identity-centric cyber security solutions provider Plurilock Security enters asset purchase agreement to consume certain assets of the cloud access security broker CloudCodes Software Private Limited.  CloudeCodes provides cloud security SaaS solutions to protect an operations group collaboration platform, single-sign-on and multi-factor authentication operations, and cloud data loss prevention solutions.  Plurilock Security additionally acquires a new technical product team to accompany their current offices in Mumbai, India.

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

Previous

Cyber Deal Update: Wiz, EVA Group, Bitglass, & appgate,

Next

Cyber Deal Update: Dragos, Devo Technology, Bitglass, & Sontiq

Check Also

Widget

Don’t Miss

Firmware Supply Chain Company Binarly Raises $3.6 Million

SecureDisruptions

Binarly Inc., a cybersecurity company building technology to address repeatable security failures in the firmware supply chain, today announced $3.6 million in seed funding from WestWave Capital and Acrobator Ventures. Prominent cybersecurity leaders Michael Sutton, Thomas ‘Halvar Flake’ Dullien, Jamie Butler, Ryan Permeh, Bryson Bort, Pedram Amini, Chris Ueland and David Mandel from Emerging Ventures […]

Allied Universal Acquires Three Companies

SecureDisruptions

Allied Universal®, the leading security and facility services company, is continuing its global expansion with the acquisition of three companies located in New York, the Netherlands and Denmark. The largest of the three companies, International Protective Service Agency, is headquartered in New York, NY, and provides comprehensive security and event services for clients located throughout New York and New Jersey. IPSA founder and owner Jerry […]

SEMPRE.ai ACQUIRES NEWSPACE NETWORKS

SecureDisruptions

SEMPRE.ai, the technology company created to secure America’s critical infrastructure, announced the acquisition of NewSpace Networks to further safeguard and expand the availability of terrestrial, maritime, airborne and space-based wireless communications. Integration of the two companies’ technologies has been underway for more than a year, with the first commercial products having been tested domestically with the U.S. Department of […]

Quickpass Cybersecurity Secures $7M in Series A Funding Round

SecureDisruptions

Quickpass Cybersecurity, a leading provider of Privileged Access Management and Helpdesk Security Automation for MSPs (Managed Service Providers), announced a new $3 million round of financing in partnership with Arthur Ventures. This completes their Series A round of financing, totaling $7 million. This round of funding will enable Quickpass to accelerate the company’s efforts to […]

GreyNoise Raises $15 Million in Series A Funding

SecureDisruptions

GreyNoise Intelligence, the cyber security company analyzing internet scanning traffic to separate threats from background noise, today announced that it has raised a $15 Million round of Series A funding led by Radian Capital. With participation from CRV, Inner Loop, Stone Mill Ventures and Paladin Capital, this brings the total of funding raised to date to […]

Immuta Raises $100 Million in Series E Funding

SecureDisruptions

Immuta, the leader in data access and data security, today announced that it has secured $100 million in Series E funding. With this investment, Immuta will meet growing data security and privacy demands by accelerating secure data access across all cloud platforms. Only Immuta can automate access to data by discovering, securing, and monitoring data […]