Cybersecurity Venture Funding and Mergers: Key investments were made in cybersecurity training, secure enterprise browser, and risk management companies. M&A activity this week involved identity security, zero trust, and threat intelligence firms.
Talon Cyber Security, a secure enterprise browser supplier with headquarters in Tel Aviv, Israel, raised $100 million in a Series A funding round led by Evolution Equity Partners. CrowdStrike co-founder and CEO George Kurtz, Ballistic Ventures, CrowdStrike’s Falcon Fund, Merlin Ventures, SYN Ventures, and previous investors Lightspeed Venture Partners, Sorenson Ventures, and Team8 also participated in the round.
Axio Global Inc., a cybersecurity risk management startup, secured $25 million in a Series B investment round led by ISTARI, with participation from preexisting investors NFP Ventures and IA Capital Group.
Keyavi Data Corp., a provider of cybersecurity solutions that protect companies against both internal and external data loss and attack, recently announced that it has raised $13 million in Series A funding.
Flow Security, a data security company based in Tel Aviv, Israel, announced $10 million in seed funding. The round was led by Amiti, with participation from GFC, Amdocs Ventures, and industry leaders such as CyberArk CEO Udi Mokady.
Mergers and Acquisitions
Software investment firm, Thoma Bravo, has entered into a definitive agreement to purchase Ping Identity, a supplier of the Intelligent Identity solution for the enterprise, for $28.50 per share in an all-cash deal with an Enterprise Value of roughly $2.8 billion.
The Reynolds & Reynolds Company, a supplier of software, services, and forms for car dealerships, has purchased dealership cybersecurity provider Proton Dealership IT to improve its cybersecurity capabilities.
Belden, a global supplier of networking solutions, has added network security company macmon secure GmbH to its portfolio to expand its capabilities in network access control and meet its customers’ industrial networking needs.