Sunday, June 26 2022

Early-stage cybersecurity startups exit stealth mode. Low maintenance tech propel ShieldIOT and Zenity to finalize initial seeding. XM Cyber realizes respectable exit with the sale of a majority stake. BlueVoyant announces strategic partnership with Bytes Technology Group.  DNV merges with Applied Risk to form world’s largest industrial cyber security practice.

Funding

ShieldIOT, an Internet of Things (IoT) cybersecurity software company, announces it raised $3.6 million in seed funding round. The round was led by innogy Innovation Hub, the accelerator and venture capital arm of innogy SE, a German energy company. The round was joined by new and existing investors including Janvest Capital Partners, Danmar Capital, Minvest and private investors.

Zenity exits stealth mode with seed funding influx of $5 million. The round was led by Vertex Ventures and UpWest. A number of angel investors, including the former CISO of Google, Gerhard Eschelbeck, and the former CIO of SuccessFactors, Tom Fisher, also participated in this round. The Zenity platform focuses on building a catalog of low-code/no-code apps and allows the set up of a governance policy for organizations which can be automatically enforced.

Resilience closes Series C at $80 million, co-led by General Catalyst and Corey Thomas of Rapid7 with participation from Lightspeed Venture Partners, Founders Fund, Charles River Ventures, Shield Capital and Intact Ventures. The investment comes as Resilience executes on plans for middle market expansion and international growth. 

Stellar Cyber raises $38 million in oversubscribed Series B round led by Highland Capital Partners, with full participation from existing investors including Valley Capital Partners, SIG and Northern Light Venture Capital, and new strategic investor Samsung.  Stellar Cyber’s Open XDR platform works with customers’ existing EDR, SIEM, UEBA, NDR and other solutions to preserve investments and utilize specific expertise in a certain portion of the attack surface or kill chain.

BitLyft Cybersecurity announces close of seed round of funding. This $1 million infusion will further the company’s efforts to deliver automated cybersecurity solutions to small and midsize organizations. BitLyft intends to leverage these funds to develop its AIR platform to become accessible to a market demanding a strong security posture for customers and stakeholders.

MERGERS AND ACQUISITIONS

European retailer Schwarz Group will acquire a majority stake in XM Cyber at a sales price of $700 million. XM Cyber will continue to operate independently, offering products under its current brand and support structure.

Assurance and risk management provider DNV will acquire industrial cyber security specialist Applied Risk. The two companies will merge to build the world’s largest industrial cyber security practice with a focus to support critical infrastructure against emergent cyber threats. Applied Risk and DNV will operate under the DNV brand with a combined leadership team looking to scale the merged cyber security business.

BlueVoyant announces partnership with Bytes Technology Group Plc; a software, security, and cloud specialist. The strategic partnership will allow BlueVoyant access to Bytes’ roster of enterprise and public sector clients, and expand its market for third-party cyber risk solutions as part of Bytes’ cybersecurity practice. 

Cipherpoint completes its acquisition of Virtual Information Technology Pty Limited. VIT Cyber Security provides managed IT and security solutions to government agencies and enterprise businesses. The sale is on commercial terms previously outlined in Cipherpoint’s release on 13 October 2021.

OpenText acquires Bricata at undisclosed terms. The acquisition of Bricata provides OpenText with Network Detection & Response (NDR) technology that analyzes network traffic for vulnerabilities and threats. The addition of the Bricata team provides additional engineering capital to further the development of its future products in the growing NDR market. 

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

Previous

Cyber People Moves

Next

Cyber Deals: Coinbase, Armis, CyCognito, Brivo

Check Also

Widget

Don’t Miss

Firmware Supply Chain Company Binarly Raises $3.6 Million

SecureDisruptions

Binarly Inc., a cybersecurity company building technology to address repeatable security failures in the firmware supply chain, today announced $3.6 million in seed funding from WestWave Capital and Acrobator Ventures. Prominent cybersecurity leaders Michael Sutton, Thomas ‘Halvar Flake’ Dullien, Jamie Butler, Ryan Permeh, Bryson Bort, Pedram Amini, Chris Ueland and David Mandel from Emerging Ventures […]

Allied Universal Acquires Three Companies

SecureDisruptions

Allied Universal®, the leading security and facility services company, is continuing its global expansion with the acquisition of three companies located in New York, the Netherlands and Denmark. The largest of the three companies, International Protective Service Agency, is headquartered in New York, NY, and provides comprehensive security and event services for clients located throughout New York and New Jersey. IPSA founder and owner Jerry […]

SEMPRE.ai ACQUIRES NEWSPACE NETWORKS

SecureDisruptions

SEMPRE.ai, the technology company created to secure America’s critical infrastructure, announced the acquisition of NewSpace Networks to further safeguard and expand the availability of terrestrial, maritime, airborne and space-based wireless communications. Integration of the two companies’ technologies has been underway for more than a year, with the first commercial products having been tested domestically with the U.S. Department of […]

Quickpass Cybersecurity Secures $7M in Series A Funding Round

SecureDisruptions

Quickpass Cybersecurity, a leading provider of Privileged Access Management and Helpdesk Security Automation for MSPs (Managed Service Providers), announced a new $3 million round of financing in partnership with Arthur Ventures. This completes their Series A round of financing, totaling $7 million. This round of funding will enable Quickpass to accelerate the company’s efforts to […]

GreyNoise Raises $15 Million in Series A Funding

SecureDisruptions

GreyNoise Intelligence, the cyber security company analyzing internet scanning traffic to separate threats from background noise, today announced that it has raised a $15 Million round of Series A funding led by Radian Capital. With participation from CRV, Inner Loop, Stone Mill Ventures and Paladin Capital, this brings the total of funding raised to date to […]

Immuta Raises $100 Million in Series E Funding

SecureDisruptions

Immuta, the leader in data access and data security, today announced that it has secured $100 million in Series E funding. With this investment, Immuta will meet growing data security and privacy demands by accelerating secure data access across all cloud platforms. Only Immuta can automate access to data by discovering, securing, and monitoring data […]