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