Wednesday, May 31 2023

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.


Cybrary, a cybersecurity training platform, raised $25 million in a Series C funding round. The round was led by BuildGroup and Gula Tech Adventures, two of its current investors.

Ofer Ben-Noon,Talon Cyber Security CEO and co-founder

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.

Lumu, a Florida-based cybersecurity company, has secured $8 million in an investment round led by Panoramic Ventures.

Application security company Ghost Security emerged from stealth with a $15 million investment from 468 Capital, DNX Ventures, and Munich Re Ventures.

Mergers and Acquisitions

Andre Durand, founder and CEO of Ping Identity

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.

Intrepid Solutions and Services, a provider of cybersecurity and information technology services, has been acquired by CIS Secure Computing, a company in HKW’s portfolio.

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.

Netskope, a provider of security service edge (SSE) and zero trust solutions, has acquired Infiot, a provider of zero trust security, network and application optimization, and AI-driven operations.

Cyber threat intelligence company Flashpoint has acquired Echosec Systems, a provider of open-source intelligence for national security, public safety, and enterprise customers.

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.

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


Cybrary Secures $25 Million in Series C Funding Round


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