Cybersecurity Venture Funding and Mergers: This week’s deals involved cloud security services, data privacy, and industrial cybersecurity companies.
Spin Technology, a firm providing SaaS security solutions, raised $16 million in a Series A funding round. This round was led by Blueprint Equity with participation from Santa Barbara Venture Partners and Blu Venture Investors.
Safe-T Group, a global provider of cybersecurity and privacy solutions for consumers and enterprises, closed a non-dilutive strategic funding agreement of up to $4 million to support the further growth of its consumer privacy solutions and its customer acquisition program.
Mergers and Acquisitions
Industrial cybersecurity firm GrayMatter announced a strategic merger with process automation and machine control company HSTE. The acquisition will help expand GreyMatter’s Industrial Intelligence platform.