Monday, November 28 2022

Cybersecurity Venture Funding and Mergers: This week, notable funding and M&A activity involved compliance, enterprise security, and vulnerability assessment firms.

Funding

Bobby Balachandran, president and CEO of Exterro

Exterro, a legal governance, risk, and compliance software provider, completed a strategic recapitalization valuing the firm at over $1 billion. The company, currently owned by Leeds Equity Partners, is targeting a potential 2023 initial public offering.

Island, an enterprise browser security company, received a $10 million investment in a Series B fundraise from Cisco. The investment supplements Island’s recent $115 million Series B funding round.

Decentralized cybersecurity solutions provider Naoris Protocol raised $11.5 million in funding from multiple Silicon Valley investors including Tim Draper’s Draper Associates, Holt Xchange, Holdun Family Office, Holdun Opportunity Fund, and more.

Sotero, a data security solutions provider, secured an $8 million extension of their seed funding round, which totals $13 million. The round was led by OurCrowd, with participation from existing investors Gutbrain Ventures, PBJ Capital, and Boston Seed Capital.

Italian cybersecurity firm Gyala closed a €5 million funding round led by CDP Venture Capital, with Azimut Digitech Fund of Azimut Libera Impresa SGR as a co-investor.

M&A

Brian McManamon, president and CEO of TECH LOCK

Compliance and risk management solution provider for the healthcare industry Clearwater acquired TECH LOCK, a provider of security management, threat detection, incident response, and compliance services.

Cybit Sec, a vulnerability assessment and penetration testing company, was acquired by ReSecurity, a Los Angeles-based cybersecurity company.

HUMAN Security, a cybersecurity company that safeguards enterprises bot attacks and fraud, has merged with application security company PerimeterX.

Previous

Cyber Deals: Halborn, Irideos, Anvilogic

Next

Cybrary Secures $25 Million in Series C Funding Round

Check Also

Widget

Don’t Miss

Cyber Deals: Spin Technology, CyberArk, Mesh Security

James Hu

Cybersecurity Venture Funding and Mergers: This week’s deals involved cloud security services, data privacy, and industrial cybersecurity companies. Funding Cloud cybersecurity firm Mesh Security has secured $4.5 million in venture funding. The round was led by Booster Ventures with participation from other investors. Spin Technology, a firm providing SaaS security solutions, raised $16 million in […]

Cyber Deals: Cybrary, Ping Identity, Axio Global

James Hu

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. Funding Cybrary, a cybersecurity training platform, raised $25 million in a Series C funding round. The round was led by BuildGroup and Gula […]

Cybrary Secures $25 Million in Series C Funding Round

James Hu

Cybrary, a Maryland-based cybersecurity training platform provider, raised $25 million in a Series C funding round. The round was led by BuildGroup and Gula Tech Adventures, two of its current investors. Following its $15 million Series B round announced in November 2019, this latest investment brings Cybrary’s total funding to date to $48 million. Cybrary […]

Cyber Deals: Exterro, Naoris Protocol, Cybit Sec

James Hu

Cybersecurity Venture Funding and Mergers: This week, notable funding and M&A activity involved compliance, enterprise security, and vulnerability assessment firms. Funding Exterro, a legal governance, risk, and compliance software provider, completed a strategic recapitalization valuing the firm at over $1 billion. The company, currently owned by Leeds Equity Partners, is targeting a potential 2023 initial […]

Cyber Deals: Halborn, Irideos, Anvilogic

James Hu

Cybersecurity Venture Funding and Mergers: This week, cybersecurity venture funding and M&A activity involved blockchain, artificial Intelligence, and SaaS solution providers. Many of these deals will also be funding the future of cloud security. Funding Halborn, a blockchain cybersecurity firm, raised $90 million in a Series A funding round led by Summit Partners with participation […]

Huntress acquires Curricula for $22 million

James Hu

Huntress, a cybersecurity firm providing a security management platform to small and medium sized businesses, has acquired Curricula, a security awareness training service provider, for $22 million. Curricula is a freemium SaaS company offering solutions for employee cybersecurity training. Their methods incorporate behavioral learning techniques and engaging storytelling to maximize employee engagement. Small and medium […]