At a glance.
- Microsoft acquires CyberX.
- Palantir receives $500 million investment.
- Dell considers selling $50 billion stake in VMware.
Mergers and acquisitions.
Microsoft has acquired Massachusetts-based IoT/OT security company CyberX. The financial terms of the deal weren't disclosed, but TechCrunch says the sum is somewhere around $165 million (up from a rumored $150 million when reports of the planned deal began circulating earlier this year). Microsoft stated, "CyberX will complement the existing Azure IoT security capabilities, and extends to existing devices including those used in industrial IoT, Operational Technology and infrastructure scenarios. With CyberX, customers can discover their existing IoT assets, and both manage and improve the security posture of those devices."
France-headquartered IT consulting company Atos will acquire Virginia-based managed security services provider Paladion for an undisclosed amount. Atos's press release states, "The Paladion Security Delivery centers in US, Middle East and India will join the wide network of Atos global Security Operations Centers (SOCs) and benefit from Atos’ unique go-to-market, while strengthening Atos’ position in key growing markets and its ability to deliver at a competitive cost globally."
Investments and exits.
Palantir has received $500 million (approximately ¥54 billion) in funding from Japanese insurance company Sompo Holdings, Crunchbase News reports. Bloomberg notes that this will be one of the last investments in Palantir before the company's stock goes public. Sompo and Palantir also announced their intent to launch a "Real Data Platform for Security, Health and Wellbeing" using Palantir Foundry. The companies stated that the platform will be used to "facilitate SOMPO’s sharing and analysis of a diverse collection of SOMPO and SOMPO partner data, including data generated through manufacturing, automotive, logistics, transportation, and operations. This dynamic ecosystem for decision-making will be powered by Palantir Foundry. Accelerated by Palantir's work supporting the fight against COVID-19, as well as SOMPO’s internal work using Foundry to transform nursing care, the initial deployment of the platform will be focused on nursing care and healthcare in Japan."
Boston-based security analytics firm Uptycs has raised $30 million in a Series B funding round led by Sapphire Ventures, with participation from existing investors Comcast Ventures and ForgePoint Capital. Sapphire Ventures stated, "With the new funding, we’re excited to see Uptycs continue to support its enterprise customers, augment its marketing and sales capabilities, improve product development and expand product capabilities. Meanwhile, our Portfolio Growth team, will be supporting Uptycs in its mission to help modern enterprises adopt its SaaS-based approach to using Osquery for security analytics and performance metrics of cloud workloads and endpoints."
London-based data privacy company Privitar has secured an additional $7 million for its Series C round from HSBC, Help Net Security reports. The funding round's total is now $87 million. HSBC's Group Chief Data Officer Rakshit Kapoor stated, "Our partnership is helping us to use data to improve our customer experience, while protecting privacy and sensitive information. Our investment reflects the value we place on Privitar's robust approach to data privacy and management."
Texas-based cyber risk management company SecurityGate.io has closed a Series A round led by Houston Ventures. The amount of the funding wasn't disclosed. FinSMEs says the company plans to use the funding "to continue to expand operations and its business reach."
Palo Alto Networks's Chief Financial Officer Kathy Bonanno is leaving the company at the end of the fiscal year to take a new role as Business Finance Officer for Google's Cloud division. Palo Alto says it will name Bonanno's successor sometime this week.
DomainTools has added James Reynolds as Chief Technology Officer, Jeff Day as Chief Commercial Officer, Jackie Abrams as Vice President of Product, and Jill Boon as Vice President of People. Reynolds previously held executive roles at Synopsys, SECUDE, FICO, and Deutsche Bank. Day previously served as the Head of Global Technology Partner Marketing at AWS. Abrams was formerly DomainTools's Principal Product Manager. Boon was previously Vice President of People at Pro.com and Mighty AI.
MITRE's Center for Technology & National Security (CTNS) has established a new advisory board, according to Help Net Security. The board includes General (Ret.) John Campbell, former US Army vice chief of staff; the Honorable Lisa Disbrow, former undersecretary of the US Air Force; Vice Admiral (Ret.) Bob Murrett, former director of the National Geospatial-Intelligence Agency; and the Honorable Bob Work, former deputy secretary of defense.
The Silicon Valley Business Journal reports that Palantir has added Alexandra Wolfe Schiff, Spencer Rascoff, and Alex Moore to its board of directors. Wolfe Schiff is Palantir's first female board member, and the Journal notes that since California law requires public companies to have at least one woman on their boards, the move is seen as more evidence that Palantir is preparing for an IPO. Wolfe Schiff is resigning from her role as a reporter at the Wall Street Journal in order to join Palantir's board. Rascoff is one of the founders of real estate company Zillow. Moore is a partner at venture capital firm 8VC.
FireEye has appointed Brad Maiorino as its Chief Strategy Officer. Maiorino most recently served as CISO at Thomson Reuters, and has previously served as CISO for Target, General Motors, and General Electric.
NEC Corporation of America has appointed Raffie Beroukhim as Chief Experience Officer. Beroukhim has been with NEC since 2011, and recently launched the company's Global Aviation Center of Excellence.
Security companies in the news.
Dell Technologies is considering selling its 81% stake in VMware, which is valued at $50 billion, in order to increase its market share, the Wall Street Journal reports.
And security innovation.
The US Air Force Space Accelerator Program has kicked off the contest for its sixth cohort of technology startups, with this round focusing on cybersecurity in space, Air Force Magazine reports. The program is taking applicants until August 3rd, and eight winners will be given a three-month residency at the Colorado Springs campus of the Catalyst Space Accelerator. They'll also receive a $12,000 grant plus an additional $3,000 when the program concludes. The program is "designed to increase the Air Force’s awareness and rapid acquisition of commercial, dual-use space technology by providing relevant business development training to Accelerator companies and connecting these entrepreneurs with users, decision makers, and potential new customers in the DoD and commercial realms."