At a glance.
- NS8 raises $123 million Series A.
- IBM will no longer offer facial recognition technology.
- Major Canadian telcos shut out Huawei.
- Sophos confirms restructuring but will keep Naked Security.
Mergers and acquisitions.
TechCrunch reports that VMware will acquire Redwood City, California-based malware protection firm Lastline for an undisclosed amount. TechCrunch says VMware intends to lay off around 40% of Lastline's staff (about fifty people), although Lastline and VMware declined to comment on this claim. Lastline's CEO John DiLullo said in a blog post, "As one combined company, we will be able to offer an even broader array of integrated security solutions for both networking and security, and complement many of VMware’s established solutions for cloud, data center, end user, and workload protection." Tom Gillis, SVP and General Manager of VMware's Networking and Security Business Unit, stated that "Lastline malware analysis will become a critical feed for our Carbon Black EDR and NGAV platform, which currently helps secure more than 10 million endpoints and workloads around the globe. And the combination of NSX plus Carbon Black will also allow the Lastline algorithms to analyze a particular interaction with greater workload context....This broad context will enable very high-fidelity security decisions, and be operationally simple to deploy, allowing us to bring Intrinsic Security to the enterprise at scale."
McLean, Virginia-based government services company E3/Sentinel has acquired Reston, Virginia-based Lucid Perspectives, which provides software development and systems engineering services to US intelligence agencies. The company stated, "With this acquisition, E3/Sentinel further expands its data engineering, advanced analytics and software development capability, bringing an additional set of robust offerings to its broad base of federal government customers. The acquisition is effective today and Lucid’s operations will immediately be combined with Data Works, another E3/Sentinel Company acquired in August 2019, creating an unmatched powerhouse for clients that need proven solutions in cybersecurity, software development, advanced analytics and systems engineering arenas."
Investments and exits.
Las Vegas-headquartered fraud prevention firm NS8 has raised a $123 million Series A round led by Lightspeed Venture Partners and AXA Venture Partners. The company stated, "With this investment, NS8 will accelerate product development and expand its global reach with an increased focus on growing its vast partner network. The company has grown from 50 to over 200 employees within the last year, and hiring continues across sales, engineering, marketing, and infrastructure. Lightspeed's investment provides NS8 with access to the firm's expansive global network, as well as a team of operators and advisors to help navigate challenges, build world-class teams, and support the company's continued growth at all stages."
Maryland-based phishing prevention company INKY has raised $20 million in a Series B round led by Insight Partners. Dave Baggett, INKY's co-founder and CEO, said the investment "gives us the resources we need to serve the incredible demand we're seeing from enterprise customers in particular, and will allow us to expand our go-to-market efforts globally."
New York-based automated cloud governance startup Concourse Labs emerged from stealth with a $15.2 million Series A round led by ForgePoint Capital, with participation from existing investors 83North and Capri Ventures. The company "plans to use the funding to expand sales and marketing efforts, scale operations, and broaden and accelerate product development." Concourse Labs's platform "provides an immutable system of record for an organization’s policies, identity and cloud usage."
Irish vulnerability management company Edgescan has received a €10.5 million (US$11.9 million) investment from UK-based capital investment firm BGF, RTE reports. Edgescan's founder and CEO Eoin Keary said, "We have ambitious plans to aggressively grow Edgescan with a focus on opportunities in North America, the UK and Europe." Former IBM executive Bernie Waldron also invested in Edgescan, and is joining the company's board as independent Non-Executive Chairman. BGF's Leo Casey and Maedhbh O’Driscoll are joining Edgescan's board as board observers.
ColorTokens has hired Elvis Jusic as Regional Director of Sales for Australia and New Zealand. Jusic most recently served as National GM for Content Security, and has held roles at Oracle, Aruba Networks, and Palo Alto Networks.
Altamira Technologies has appointed Ron Moultrie and Dave Wajsgras to its board of directors, Washington Technology reports. Moultrie most recently served as a senior advisor to the Navy secretary and is a former director of operations for the National Security Agency, while Wajsgras previously led Raytheon's Intelligence, Information and Services business unit.
K2 Cyber Security has appointed Monty Venkersammy as Vice President of Channel Sales. Venkersammy has previously held sales executive roles at Trend Micro, Sendmail (acquired by Proofpoint), Lastline, and Malwarebytes.
Security companies in the news.
IBM is no longer offering general-purpose facial recognition software, and the company will cease research and development of facial recognition technology, the Verge reports. In a letter to Congress, IBM's CEO Arvind Krishna said, "IBM firmly opposes and will not condone uses of any technology, including facial recognition technology offered by other vendors, for mass surveillance, racial profiling, violations of basic human rights and freedoms, or any purpose which is not consistent with our values and Principles of Trust and Transparency. We believe now is the time to begin a national dialogue on whether and how facial recognition technology should be employed by domestic law enforcement agencies. Artificial Intelligence is a powerful tool that can help law enforcement keep citizens safe. But vendors and users of Al systems have a shared responsibility to ensure that Al is tested for bias, particularity when used in law enforcement, and that such bias testing is audited and reported. Finally, national policy also should encourage and advance uses of technology that bring greater transparency and accountability to policing, such as body cameras and modern data analytics techniques."
Two out of three of Canada's major telecommunications companies, Bell and Telus, announced last week that they wouldn't be using Huawei's equipment in their 5G networks, Reuters reports. The companies will use gear from Ericsson and Nokia instead. Canada's third major telco, Rogers Wireless, has already stated that it will use Ericsson's equipment. The Canadian government still hasn't decided whether or not it will permit Huawei to contribute to Canada's 5G infrastructure, but ZDNet says the three telcos' decisions have effectively shut Huawei out regardless.
Infosecurity Magazine reports that Sophos has confirmed that it has plans for internal restructuring, but the company denied rumors that it would be shuttering its Naked Security threat news outlet. A Sophos spokesperson said, "We can assure you that Naked Security will continue to be a source of information moving forward. Sophos is increasing focus on threat research and security investigations. As a result, we’ll do more original reporting and deep analysis."