Sunday, November 27 2022

Recent cybersecurity companies that raised capital and announced financial or strategic transactions. This week’s highest venture funding rounds involved risk and compliance, cyber insurance, and digital asset security companies. Recent transactions include two cybersecurity acquisitions by Deloitte.

Funding

1Password, a Toronto-based password management company, has raised $100 million in a Series B funding round led by Accel, an early and growth-stage venture capital firm based in San Francisco. New investors including Sound Ventures, Skip Capital, and other enterprise and consumer technology executives also participated in the round.

LogicGate, a Chicago-based startup that provides SaaS solutions for governance, risk, and compliance (GRC) management, has secured $113 million in a Series C funding round led by PSG Equity, with participation from existing investor Greenspring Associates.

Noetic Cyber, a Boston-headquartered provider of a cyber asset management platform, has raised $20 million in a Series A funding round headlined by Energy Impact Partners, with contribution from existing seed investors TenEleven Ventures and Glasswing Ventures.

At-Bay, a cyber insurance company based in San Francisco, has secured $185 million in a Series D funding round co-led by Icon Ventures and Lightspeed Venture Partners, with participation from existing investors including Khosla Ventures, M12, Acrew Capital, Qumra Capital, the HSB fund of Munich Re Ventures, Glilot Capital, and entrepreneur Shlomo Kramer.

Cyolo, a zero-trust network access (ZTNA) solutions startup based in Tel Aviv, Israel, has recently closed a $21 million Series A funding round fulfilled by Glilot Capital Partners, along with a strategic investment from National Grid Partners and Merlin Ventures and additional contribution from existing investors Flint Capital, Global Founders Capital, and Differential Ventures.

ActiveFence, a New York-based cyber safety startup that provides AI-powered intelligence solutions, has raised $100 million from its recent Series B funding round led by Charles River Venture and Highland Europe Partners, as well as a Series A round led by led by Grove Ventures and Norwest Venture Partners, and including Vintage Investment Partners, Resolute Ventures, and others.

Fireblocks, an Israeli provider of secure infrastructure for digital assets, has raised $310 million in a Series D funding round co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRWVC and SCB 10X, the venture arm of Siam Commercial Bank.

SynSaber, an Arizona-based network monitoring solutions company, has secured $2.5 million in a seed funding round led by SYN Ventures, Rally Ventures, and Cyber Mentor Fund.

FRISS, a Netherlands-based fraud prevention and detection company, has secured $65 million in a Series B funding round headed by Accel-KKR.

Clearview AI, a facial recognition company based in New York, has raised $30 million in a Series B funding round fulfilled by institutional investors and family offices.

Mergers & Acquisitions

Deloitte has announced its acquisition of Sentek Global, a San Diego-based systems engineering and cybersecurity firm that primarily serves the US Navy. With the acquisition, Deloitte will expand its presence in San Diego, while also “bolstering our current mission-focused systems engineering capabilities and cyber offerings to other military branches and federal agencies,” said Mike Canning, US Government & Public Services Industry principal at Deloitte.

Deloitte has acquired TransientX, a New Jersey-based zero-trust network access (ZTNA) company. “TransientX’s technology offers the unique capability to embed Zero Trust Network Access into Deloitte’s products and services, differentiating and evolving how we deliver our offerings to our clients — which will lend support to our clients’ Zero Trust adoption efforts as well,” stated Andrew Rafla, Deloitte Risk & Financial Advisory Zero Trust leader and principal, Deloitte & Touche LLP.

ArchTIS, an Australian cybersecurity vendor, has completed its acquisition of Nucleus Cyber, a Boston-headquartered provider of AI-driven data security solutions. The deal was valued at $9.75 million, and will help ArchTIS establish a US presence.

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