Friday, January 28 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.

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