At a glance.
- ZeroFOX acquires Cyveillance.
- Telos files for IPO.
- Tanium raises $150 million.
- US House releases results of antitrust inquiry.
Mergers and acquisitions.
San Mateo, California-based data security company Imperva is acquiring Massachusetts-headquartered database security provider jSonar. Imperva stated, "Ron Bennatan – a 25 year data security veteran and founder of both jSonar and DAM provider Guardium – will join to lead the Imperva Data Security business, comprising both jSonar and Imperva data security product lines. This combination will form a large development organization dedicated to data security. Additionally, jSonar’s analytics and Security Orchestration, Automation and Response (SOAR) platform will be used throughout the Imperva solution stack."
Baltimore, Maryland-based digital risk protection provider ZeroFOX has acquired Virginia-based threat intelligence shop Cyveillance from LookingGlass Cyber Solutions. ZeroFOX stated that it "will expand its service offerings for existing customers by leveraging the Cyveillance team, technology and their extensive collection of intelligence data. Existing Cyveillance customers will continue to receive custom Digital Risk Protection services and have access to the power of the ZeroFOX Digital Risk Protection Platform and its industry-leading remediation services." ZeroFOX is the third corporate parent Cyveillance has had in a little over a decade: Cyveillance was acquired by QinetiQ North America in 2009, and LookingGlass bought the unit from QinetiQ North America in 2015.
Cisco is acquiring Israeli DevOps and container security startup Portshift, CRN reports. Financial terms weren't disclosed, but Globes says Cisco is paying approximately $100 million for the company. Liz Centoni, Cisco's Senior Vice President of Strategy, Emerging Technologies and Incubation, stated, "The Portshift team is building capabilities that span a large portion of the lifecycle of the cloud-native application. They bring cloud native application security capabilities and expertise for containers and service meshes for Kubernetes environments to Cisco, which will allow us to move toward the delivery of security for all phases of the application development lifecycle."
Rockwell Automation has acquired Barcelona-based industrial cybersecurity firm Oylo. Oylo will be part of Rockwell's Lifecycle Services operating segment. Rockwell stated, "The addition of Oylo further accelerates our global delivery capability in this rapidly developing market and expands the offering of cybersecurity services available to the industrial market."
Nintex, a Bellevue, Washington-headquartered workflow automation provider, will acquire process automation software company K2 Software (also based in Bellevue). K2's president and CEO Evan Ellis stated, "Combining Nintex's solution portfolio with K2's complementary technologies will further enhance what commercial enterprises and government agencies can achieve through the power of digital process automation."
Investments and exits.
Virginia-based IT and cybersecurity provider Telos Corporation has filed for an initial public offering (IPO) on the Nasdaq, MarketWatch reports. The pricing range and the number of shares to be issued have yet to be determined.
Emeryville, California-based endpoint management and security company Tanium announced a $150 million funding round from existing investors Fidelity Management & Research Company and Baillie Gifford, and "funds and accounts advised by T. Rowe Price Associates." The company has now raised over $900 million total and says the latest investment puts its valuation at more than $9 billion. CRN notes that this "likely means that Tanium is the most valuable non-public cybersecurity company in the industry."
Boston-headquartered mission-critical application security provider Onapsis has raised $55 million in a Series D round led by Caisse de dépôt et placement du Québec (CDPQ) and NightDragon, with "strong participation" from existing investors 406 Ventures, LLR Partners, and Arsenal Venture Partners. Onapsis will use the funding "to significantly scale the company through rapid expansion into the mission-critical SaaS applications market, starting with protection and compliance for Salesforce and SuccessFactors applications."
Israeli behavioral biometric security startup BioCatch has received a $20 million extension to its Series C round, bringing the round's total funding to $168 million, Geektime reports. The new funding was led by Barclays, Citi, HSBC, and National Australia Bank. Yahoo quotes executives from the four banks to the effect that the investment is part of their fraud prevention efforts.
San Francisco-based knowledge database provider Golden has raised $14.5 million in a Series A round led by Andreessen Horowitz (a16z), with participation from DCVC, Gigafund, Harpoon Ventures, WndrCo, Great Oaks Venture Capital, Vela Partners, HNVR, Socii Capital, and other individual investors. The funding will be used to "further build out the team, product capabilities and datasets." The company also announced that it's "closed a $1m contract with the U.S. Air Force to help fight COVID-19 with information and knowledge derived from fragmented public sources."
Portland, Oregon-headquartered firmware security company Eclypsium has secured $13 million in an oversubscribed funding round led by AV8 Ventures, TransLink Capital, Mindset Ventures, Alumni Ventures Group, and Ridgeline Partners, with participation from existing investors Intel Capital, Madrona Venture Group, Andreessen Horowitz, and Ubiquity Ventures. The company "will use the new funding to scale the company, expanding sales, delivery, and R&D."
Boston-based cyber risk rating company NormShield has raised $7.5 million in a Series A round led by Moore Strategic Ventures (MSV), with participation from existing investors Glasswing Ventures and Data Point Capital. NormShield will use the funding "to expand its go-to-market capabilities and accelerate the development of its technology platform."
Irvine, California-based cybersecurity-as-a-service startup Cyvatar has raised $3 Million in a seed funding round led by Bill Wood. The company will use the funding "to speed customer adoption of subscription-based security services, and to fuel the development of its outcomes-driven solution, Genesis Platform."
Irvine, California-based data security startup Netwrix has received a majority investment from TA Associates. Financial terms weren't disclosed. Netwrix will use the funding "to grow its portfolio of data security solutions to support current customers and to expand globally."
LookingGlass Cyber Solutions announced numerous changes and additions to its executive team: "The company’s Chairman of the Board, Gilman Louie has been appointed Chief Executive Officer. Don Gilberg, strategic advisor, investor, and industry veteran joins LookingGlass’ executive team as President and Chief Operating Officer. The company also welcomes Mary Yang as Senior Vice President of Marketing, who most recently supported strategic cybersecurity efforts at The MITRE Corporation, including the development and growth of the National Cybersecurity Federally Funded Research and Development Center, sponsored by the National Institute of Standards and Technology. Ron Nielson, formerly LookingGlass’ Senior Vice President of Public Sector, is now Executive Vice President, overseeing product development, revenue operations, and customer success."
Spyderbat has appointed John McHale to its board of directors and hired Jon Reeve as Vice President of Product Management. McHale has previously held executive roles at NetWorth, NetSpeed, TippingPoint and BreakingPoint, while Reeve was most recently Senior Director of Product Management at Oracle.
Skybox Security has appointed Tom Gleason as Vice President, North America Sales and Field Operations. Gleason was previously Riverbed Technology's Area Vice President for Western and Central North American Sales.
The Maritime Transportation System ISAC (MTS-ISAC) has added John Felker as a senior advisor. Felker was most recently Assistant Director at the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA), and previously served as the DHS's Director of the National Cybersecurity and Infrastructure Integration Center and as the Deputy Commander of the Coast Guard Cyber Command.
Companies in the news.
The US House has released the results of its antitrust inquiry into Alphabet, Amazon, Apple, and Facebook. The 449-page report concludes that the four companies possess monopoly power and should have portions of their businesses broken up:
"Although these four corporations differ in important ways, studying their business practices has revealed common problems. First, each platform now serves as a gatekeeper over a key channel of distribution. By controlling access to markets, these giants can pick winners and losers throughout our economy. They not only wield tremendous power, but they also abuse it by charging exorbitant fees, imposing oppressive contract terms, and extracting valuable data from the people and businesses that rely on them. Second, each platform uses its gatekeeper position to maintain its market power. By controlling the infrastructure of the digital age, they have surveilled other businesses to identify potential rivals, and have ultimately bought out, copied, or cut off their competitive threats. And, finally, these firms have abused their role as intermediaries to further entrench and expand their dominance. Whether through self-preferencing, predatory pricing, or exclusionary conduct, the dominant platforms have exploited their power in order to become even more dominant.
"To put it simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons."
CNBC notes that US lawmakers must now rewrite antitrust laws to apply to companies that, to a large extent, offer their products for free while raking in advertising revenue.