Thursday, August 11 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: 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 […]

Applus+ acquires jtsec

James Hu

Applus+, a certification services provider based in Spain, has acquired jtsec, a cybersecurity certification company. jtsec is based in Spain, providing cybersecurity solutions for various industries including the health, financial, and Internet of Things (IoT) sectors. Beyond their certification services, jtsec is also known for its penetration testing offerings. Applus+ provides certifications for the energy, […]