Tuesday, December 6 2022

Recent cybersecurity companies that raised capital, announced mergers and acquisitions, or financial or strategic transactions. This week, cloud computing security, digital fraud prevention, and API governance-related companies raised the highest venture funding rounds. Similarly, recent buyout transactions involved cloud security, payment fraud, deception technologies, and IoT authorization companies.

Funding

Wiz, an Israel-based cloud infrastructure security company, has raised over $120 million in a Series B funding round headed by Salesforce, the California-based software company specializing in customer relationship management (CRM) services. Existing investors including Greenoaks Capital, Insight Partners, Sequoia, and Advent International also contributed.

Salt Security, the Palo Alto-based deliverer of application programming interface (API) threat protection solutions, has secured $70 million in a Series C funding round led by Advent International, a Boston-based global private equity firm focusing on five core sectors, one of which is technology. Alkeon Capital, DFJ Growth, and previous investors including Sequoia Capital, Tenaya Capital, S Capital VC, and Y Combinator also participated.

SAM Seamless Network, a provider of network and IoT device security solutions based in Israel, has recently closed a $20 million Series B funding round led by BlackBerry and Verizon Ventures, with participation from Blumberg Capital, NightDragon, ADT, and Intel Capital.

Uptycs, a provider of a scalable cloud-based security analytics platform headquartered in Massachusetts, has raised $50 million in a Series C funding round headlined by Norwest Venture Partners, the Palo Alto-based growth equity investment firm targeting sectors such as cloud computing and information technology. Sapphire Ventures and ServiceNow Ventures also contributed.

DataDome, the New York-based real-time AI protection startup that defends e-commerce and classified businesses from “all OWASP automated threats, including credential stuffing, layer 7 DDoS attacks, SQL injection & intensive scraping,” has raised $35 million in a Series B funding round led by Elephant, which is also based in New York. DataDome’s previous investor ISAI also participated.

Forter, the New York software-as-a-service (SaaS) company that specializes in e-commerce fraud prevention, has secured $300 million in a Series F funding round headed by Tiger Global Management, which focuses on software and fintech industries. Third Point Ventures and Adage Capital, as well as existing investors including Bessemer Venture Partners, Sequoia Capital, March Capital, and Salesforce Ventures, also contributed.

Skiff, a software company based in California that provides an end-to-end encrypted collaboration, email, and messaging platform, has secured $3.7 million in a seed funding round led by Sequoia Capital. Individual investors such as Eventbrite co-founders Julia and Kevin Hartz, Alphabet chairman John Hennessy, and former Yahoo! chief executive Jerry Yang also participated.

Mergers & Acquisitions

ZScaler, the San Jose-based zero-trust cloud security start-up, has acquired Mumbai-based cyber deception platform Smokescreen Technologies. CEO Jay Chaudhry said the acquisition will enable ZScaler to detect targeted attacks, ransomware, and lateral movement attempts.

Nuvias Group, the European company that, in collaboration with technology start-ups, provides “security, agility and manageability for clients,” has announced its expansion through the acquisition of Cloud Distribution, a UK distributor specializing in cloud-first security & networking. The acquisition aligns with Nuvias’ strategy to create an engagement platform for partners and vendors that builds from early engagement to scalable acceleration.

Sift, the California-based software company which specializes in digital trust and safety, recently acquired Chargeback, a Utah-based developer of a SaaS-based dispute management platform to help merchants prevent payment fraud. With the acquisition, merchants can take advantage of a complete solution that addresses risk throughout all stages of user transactions.

Crossword Cybersecurity Plc, the UK-based company that specializes in the

commercialization of cybersecurity and risk management software, has acquired Verifiable Credentials Ltd., a provider of authorization infrastructure for IoT networks and the World Wide Web Consortium (W3C) verifiable credentials compatible middleware and wallet technology, for £2.8 million.

Relay Medical Corp., a Toronto-based HealthTech innovation company, has completed its acquisition of Cybeats, an Ontario-based provider of cybersecurity and firmware lifecycle management services. Relay aims to target numerous connected devices in OEM and ODM companies in the aerospace, medical, and energy sectors.

Previous

Bizarro Malware Reaches Banks in Europe

Next

Endpoint Vulnerabilities Threaten Sensitive Data

Check Also

Widget

Don’t Miss

Cyber Deals: Spin Technology, CyberArk, Mesh Security

James Hu

Cybersecurity Venture Funding and Mergers: This week’s deals involved cloud security services, data privacy, and industrial cybersecurity companies. Funding Cloud cybersecurity firm Mesh Security has secured $4.5 million in venture funding. The round was led by Booster Ventures with participation from other investors. Spin Technology, a firm providing SaaS security solutions, raised $16 million in […]

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 […]