CYBERSECURITY VENTURE FUNDING AND MERGERS: This week’s largest venture rounds INVOLVED Identity and Access Management, email security, and API security. Observability and managed security TOOLS REMAIN STRONG TARGETS FOR STRATEGIC BUYERS.
YL Ventures, an Israeli-American venture capital firm focused on cybersecurity, has launched a new $400 million fund to back Israel’s cybersecurity sector. The fund will be used to lead the seed rounds of approximately 3 startups per year and invest in the companies’ follow-on rounds.
Cloud email security company Abnormal Security raised $210 million in a series C funding round led by global software investor Insight Partners, with participation from Greylock Partners and Menlo Ventures.
AutoRABIT, a DevSecOps platform for Salesforce, raised $26 million in Series B funding to help growth initiatives. This funding round was led by a new investment from growth equity firm Full in Partners.
Phylum, a software supply chain security company, secured $15 million in a series A funding round led by ClearSky, with contributions from Atlassian Ventures, SixThirty Ventures, First In™ and TechOperators.
Teleport, a provider of Identity-based Infrastructure Access Management, announced it has raised $110 million in Series C funding led by Bessemer Venture Partners with participation from Insight Partners and existing investors Kleiner Perkins and S28 Capital.
ShiftLeft, a provider of automated application security testing, has secured $29 million in funding from cybersecurity-focused investor SYN Ventures and Blackstone Innovations Investments with participation from existing investors.
API security and observability company Traceable AI raised $60 million in a Series B funding round led by Institutional Venture Partners (IVP), with participation from Tiger Global Management and existing investors Unusual Ventures and BIG Labs.
Mergers and Acquisitions
Datadog, a monitoring and security platform for cloud applications, has announced its acquisition of Hdiv Security, a security-testing software provider. The addition of their capabilities will enable Datadog a more comprehensive approach to application security.
IDEAL Holdings has acquired Netbull, a cybersecurity company specializing in incident investigation and cybersecurity monitoring for €6.3 million. This transaction has created one of the largest cybersecurity companies in Greece and Cyprus.
Magnet Forensics, a developer of digital investigation solutions, will acquire the strategic IP assets of Comae Technologies, a cybersecurity firm specializing in incident response and memory analysis.
LexisNexis Risk Solutions has announced the acquisition of BehavioSec, an advanced behavioral biometrics technology provider that helps establish identity trust. They will become part of the business services group within LexisNexis Risk Solutions.
UNS, Inc., an international information technology consulting service provider, has acquired CyberPeak Solutions, a Managed Security Service Provider. The acquisition will combine UNS’ global cybersecurity practice with CyberPeak Solution’s cloud-based cybersecurity offerings.