Friday, December 8 2023

Cybersecurity venture funding activity and mergers and acquisitions: This week’s most sizable deals included AI-monitoring, automation, fraud prevention providers, and healthcare data protection.


Galvanick, a Los Angeles based company which provides cyber attack protection for industrial infrastructure, acquired $10 million in seed funding for its industrial cybersecurity platform. Major investors included MaC Venture Capital, Founders Fund, Village Global, Countdown Capital, Hanover Technology Investment Management, Shrug Capital, 8090 Industries, and more. Funds will be used to make core hires and expand use of its initial product.  

Deep Sentinel, an AI-powered video monitoring provider, announced a $15 million round of funding led by Intel Capital, with participation from Shasta Ventures, Slow Ventures, UP2398, and Jason Calacanis’ The Syndicate.

Hopr, a company which provides automated moving target defense security solutions for cloud assets, secured $500K in funding from Maryland Technology Development Corporation, or TEDCO. TEDCO has invested an additional $300K after their initial investment of $200k from last year. 

San Francisco based tech company Demox Labs, raised a $4.5 million pre-seed funding round and debuted Leo Wallet, a first-of-its-kind privacy-focused cryptocurrency wallet for use with the Aleo blockchain. The funding round was led by HackVC with participation from DCVC, Amplify Partners, Coinbase Ventures, CRV, OpenSea, and CSquared. Funds will be used to support its new secure cryptocurrency wallet.

Keep Aware, an Austin, Texas based startup creating a human-centric approach to browser security, obtained $2.4 million in seed funding led by LiveOak Venture Partners, with participation from Runtime Ventures and other prominent angel investors in the cybersecurity industry. Funds will be used to institute go-to market programs and advance product development.

Elba, a Paris based cybersecurity firm working towards empowering employees to tackle cyber threats, raised $2.6 million in a seed round with help from Berlin and Paris based VC firm, XAnge. Funds will be used for Research & Development, with the aim of enhancing the end-user experience and integrating with new apps. 

Squint, a San Jose, California based technology platform that uses augmented reality (AR) to optimize factory procedures and empower operators, raised $6 million in seed and pre-seed funding from Arc, Sequoia Capital, Menlo Labs, and several angel investors. 

French API security platform Escape raised $3.8 million in seed funding led by IRIS, Frst, Irregular Expressions, Tiny Supercomputers, and Kima Ventures. Funds will be used by Escape to double its team’s size, hire international sales specialists and engineers and develop new security features.

Mergers & Acquisitions

Networking giant Cisco acquired Armorblox, a cybersecurity startup, to help protect email, cloud and office applications and enterprise communication systems. Cisco plans on using Armorblox’s natural language processing, predictive and generative AI capabilities to help its customers better understand the security risks they face.

Agile Defense, a portfolio company of Enlightenment Capital, purchased XOR Security, a cyber operations and engineering firm as part of efforts to broaden its cybersecurity offerings for defense and national security customers.

Phoenix Equity will fund a growth plan for Logiq, an upcoming UK cyber security company. Phoenix Equity aims to expand the cyber consulting company into new-end markets.

Bangalore, India based company eMudhra is expanding to the United States through the acquisition of Houston, Texas based digital transformation and cybersecurity solutions provider Ikon Tech. This acquisition will increase eMudhra’s access to the U.S. customers.

Private equity firm SGT Capital acquired Germany based secure access management company Elatec, which offers secure access management solutions for both physical and digital security infrastructure.

Healthcare IT and cybersecurity solutions company Anatomy IT acquired IRIS solutions, a healthcare technology service provider. This acquisition allows Anatomy IT to increase its presence in the ambulatory healthcare sector and bring its cybersecurity solutions to a broader range of healthcare clients.

Blattner Tech, a data analytics, artificial intelligence, and machine learning firm, acquired Jigsaw Security Enterprise, a provider of threat intelligence capabilities. Blattner Tech hopes to use this acquisition to improve its cybersecurity capabilities and expand into the Machine Learning (ML Sec) space.

Developer and security provider Synk acquired application security startup Enso Security for an estimated $45 million to $50 million. Synk seeks to strengthen its developer security platform for software applications.

CBIZ, an Ohio based provider of financial, insurance, and advisory services, acquired information security consulting firm, Pivot Point for $6.6 million. With this acquisition, CBIZ intends to expand the breadth and depth of their cyber and security services.

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


Cloudburst Technologies Raises $3 million in Seed Funding


Cyber Executive Moves: Booz Allen, Binarly, Rokt, and More

Check Also


Don’t Miss

Ofer Ben-Noon and Ohad Bobrov

Palo Alto Networks to Acquire Talon

Ellie Buscemi

On Monday, Palo Alto Networks agreed to acquire Israeli startup Talon Cyber Security, an enterprise browser platform. The deal values Talon at between $600 to $700 million, according to The Information. Palo Alto will integrate Talon’s enterprise browser solution into its Prisma SASE product. The acquisition comes among a wave of acquisitions and releases involving […]

Cyber Executive Moves: Expel, AXA XL

Ellie Buscemi

Expel appoints a new chief product officer, AXA XL announces a new chief executive and DataVisor appoints a new chief revenue officer. Expel, a security operations provider in Herndon, Virginia, appointed Yonni Shelmerdine as the new chief product officer on Aug. 28. Shelmerdine comes to Expel from SentinelOne where he was the vice president of Product Management, endpoint […]

Grip Security Raising $41 Million Series B Led by Third Point Ventures


SaaS security company plans to accelerate growth and extend market leadership SaaS identity risk management platform Grip Security announced a $41 million Series B funding round led by Third Point Ventures, with participation from YL Ventures, Intel Capital and The Syndicate Group. The investment would bring Grip Security’s total funding to $66 million and marks a major milestone for the […]

Partner One Acquires Key Fidelis Cybersecurity Assets


Partner One, one of the fastest growing software conglomerates in the world, has announced its acquisition of Fidelis Cybersecurity software, intellectual property, equipment, inventory and customer and reseller contracts. Fidelis software is a leader in the cybersecurity industry, with innovative eXtended Detection and Response (XDR) and Cloud Native Application Protection Platform (CNAPP). Fidelis solutions protect […]

Healthcare IoT: Risks, Policy, and the Path Forward 

John Powers

When Amazon launched as an online bookstore twenty-eight years ago, few would have imagined that patients could one day go to its website to treat their acid reflux. But times change. Amazon just expanded their virtual healthcare marketplace, Amazon Clinic. Across the U.S., customers can now consult with clinicians through virtual calls and get treatment […]

NIST Updates Cybersecurity Framework in New Draft, Seeks Public Comment

John Powers

The National Institute of Standards and Technology updated their cybersecurity framework for the third time in a new draft. The new framework offers guidance to organizations about reducing cybersecurity risks. It contains a set of outcomes so that any organization can evaluate, prioritize, grasp, and communicate its cybersecurity measures in an effective way. The draft […]