At a glance.
- Digital.ai acquires two companies.
- Chris Cox returns to Facebook.
- Palantir reportedly considering IPO.
Mergers and acquisitions.
Texas-based application security and software delivery company Digital.ai has acquired Numerify, a San Jose, a California-based IT business analytics provider, and Experitest, an Israeli web and mobile application testing company. Both acquisitions were backed by TPG Capital, and the financial terms weren't disclosed. Digital.ai's CEO Ashok Reddy stated, "The additions of Numerify and Experitest to Digital.ai enhance our ability to help these organizations rapidly increase agility and meet ever-changing customer and market demand without sacrificing quality or security."
Virginia-based data analytics company Novetta has acquired Maryland-based software engineering firm WaveStrike for an undisclosed sum. Both companies serve US customers in the US national security sector. Novetta's president and CEO Tiffanny Gates stated, "We are excited to welcome WaveStrike to the Novetta family. Combining our complementary capabilities and talented teams mean stronger support for our customers. The synergy between our programs positions us for larger-scale opportunities and reinforces us as a top destination for technical talent."
IBM is acquiring Santa Clara, California-based security management and compliance startup Spanugo for an undisclosed amount, CRN reports. IBM's Senior Vice President of Cloud Howard Boville stated, "Bringing Spanugo’s technology into our financial services public cloud will help provide our clients with evidence of their ongoing compliance, in real time."
Snohomish, Washington-headquartered cybersecurity management company Cyemptive Technologies has acquired Burlington, Washington-based security compliance firm Interpreting Technology for an undisclosed amount. Cyemptive stated that it "plans to expand its offerings and overall footprint by utilizing Interpreting Technology’s expertise in customer service, computer forensics and cyber compliance. In addition, the acquisition of Interpreting Technology adds more than 250 customers to Cyemptive’s already-expanding list of customers."
San Francisco-headquartered DevOps application provider GitLab has acquired two DevSecOps startups: Seattle-based Peach Tech and Tel Aviv-based Fuzzit. GitLab says the "acquisitions will add fully-mature testing solutions including protocol fuzzing, API fuzzing, DAST API testing, and coverage-guided fuzz testing. This makes GitLab’s DevSecOps offering the first security solution to offer both coverage-guided and behavioral fuzz testing techniques as well as the first true DevSecOps platform to shift fuzz testing left with these new offerings being made available within the GitLab CI/CD environment."
Investments and exits.
Palo Alto, California-based API security company Salt Security has raised $20 million in a Series A round led by Tenaya Capital. The company will use the funding "to continue investing in product development and innovation, address new use cases, and expand sales and marketing to meet increasing demand."
Los Angeles-headquartered cloud-native data security startup Open Raven has raised $15 million in a Series A funding round led by Kleiner Perkins, with participation from existing investors including Upfront Ventures. Open Raven will use the funding to accelerate "growth through expansion of key functions including engineering, customer support, sales and marketing." Bucky Moore, a partner at Kleiner Perkins, has joined Open Raven's board of directors.
New York and Australia-based web traffic security startup Kasada has raised $10 million in a Series B round led by Ten Eleven Ventures, with participation from existing investors Main Sequence Ventures and Reinventure (Westpac's venture capital arm). The company says the funding "will fuel Kasada's next phase of expansion, allow Kasada to build out its sales and marketing organization and enable it to continue to invest in new product development." Alex Doll, Managing Partner at Ten Eleven Ventures, has joined Kasada's board of directors.
UK-based mid-market private equity firm Livingbridge has invested an undisclosed amount in Irish cloud security vendor TitanHQ. TitanHQ stated, "Livingbridge identified TitanHQ as a sector leader with a proven track record that is well-positioned to benefit from strong, growing market momentum for SaaS-based security solutions. Livingbridge's partnership will enable TitanHQ to accelerate its ambitious growth plans through increased investment in product development and people."
Wipro Ventures, the speculation arm of Indian IT giant Wipro, has invested an undisclosed sum into Sunnyvale, California-based cloud infrastructure security provider CloudKnox Security. According to the Economic Times, "Wipro said it would offer an Access Governance for Hybrid Cloud 'as-a-service' offering, powered by CloudKnox. The company would leverage its NextGen Cyber Defense Centers to deliver the service."
Chris Cox has returned to Facebook as the company's Chief Product Officer, the Verge reports. Cox had left Facebook last year, hinting that he wasn't enthusiastic about the company's direction.
KnectIQ has added Admiral Mark Heinrich, USN (Ret.), to its board of advisors. Heinrich served in the Navy for 35 years, then joined Microsoft as General Manager of the Microsoft Cloud Supply Chain. He currently serves as the managing partner of Oakleaf Technology.
Optiv Security has named David Martin as its Chief Services Officer. Martin most recently worked at Sunhaze Consulting, which he founded, and prior to that he spent nineteen years in leadership roles at Deloitte.
Trusona has appointed Theresa Payton, Chris Roberts, Tom Reilly, and Victor Nichols to its advisory board. Payton is CEO of Fortalice Solutions; Roberts is a well-known threat intelligence expert and advisor; Reilly most recently served as CEO of Cloudera; Nichols currently serves on the board of directors for Revlon, Bank of Hawaii, and Zovio.
Automox has added Dmitri Alperovitch to its board of directors. Alperovitch is best known as the co-founder and former CTO of CrowdStrike.
Cyren has announced that James Hamilton has been elected to succeed Lior Samuelson as chairman of Cyren's board of directors. Hamilton is currently CEO of VitalTech, and has served on Cyren's board since 2012.
Risk Intelligence A/S has appointed Jan Michelsen as its Client and Business Development Director and Jim Pascoe as its Sales Director. Michelsen had served as Risk Intelligence's Sales Director since 2018, while Pascoe was previously the company's International Sales Manager.
Security companies in the news.
Reuters reports that Palantir plans to file with US regulators for an IPO or a direct listing in the coming weeks, and could go public as soon as September. Reuters cites sources as saying "Palantir has not yet hired investment banks for a listing, but is in discussions with potential advisers that could serve as underwriters."
Zoom is facing criticism after Axios reported that the company shut down an account belonging to a US-based Chinese activist group after they held a Zoom event commemorating the Tiananmen Square Massacre. Zoom has since reactivated the account, telling Axios, "Just like any global company, we must comply with applicable laws in the jurisdictions where we operate. When a meeting is held across different countries, the participants within those countries are required to comply with their respective local laws." Many critics remain unsatisfied with this explanation, however; Security Boulevard has a summary of their viewpoints.