At a glance.
- Raytheon will sell Forcepoint to Francisco Partners.
- McAfee goes public.
- Arctic Wolf lands $200 million Series E round.
- Facebook's policy chief for India steps down.
Mergers and acquisitions.
Raytheon has agreed to sell Texas-based cybersecurity software provider Forcepoint to San Francisco-based private equity firm Francisco Partners. Forcepoint's CEO Matt Moynahan stated, "This transaction represents an exciting opportunity for Forcepoint to continue to innovate and drive growth with Francisco Partners. We believe that this partnership will help us to continue to invest in our products and organization while delivering increased value to our customers." Evan Daar, Principal at Francisco Partners, said, "We look forward to partnering with the Forcepoint team to further invest in the company’s cloud security portfolio."
AMD has reached an agreement to buy California-based field-programmable gate array (FPGA) inventor Xilinx for $35 billion. AMD stated, "The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established leader. The transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth."
French IT giant Atos has agreed to acquire Austrian cybersecurity consultancy SEC Consult Group, with the transaction expected to close by the end of the year. Atos stated, "This acquisition will confirm Atos’ leading position in cybersecurity services in the DACH (Germany, Austria, Switzerland) region with more than 600 experts and will also strengthen its number 1 position in Europe. For SEC Consult this opens the opportunity to expand into additional markets and to gain a new customer base on a global scale."
Investments and exits.
SOC-as-a-service provider Arctic Wolf has raised $200 million in a Series E round led by Viking Global Investors, with participation from DTCP and existing investors. The company also announced that it's moving its global headquarters from Sunnyvale, California, to Eden Prairie, Minnesota, explaining that, "Over the last four years, Arctic Wolf’s office in Minnesota has been at the center of the company’s corporate growth strategy, with the team in Eden Prairie growing to over 200 employees." Arctic Wolf stated that it plans to use the funding "to make significant investments in its new headquarters by the end of 2021 with the addition over 150 new jobs and the construction of the company’s third security operations center (SOC)."
Atlanta, Georgia-based mobile digital forensics firm Grayshift has raised $47 million in a Series A round led by PeakEquity Partners. FinSMEs says that company will use the funding "to accelerate sales and marketing initiatives, grow the research and engineering teams, expand product offerings, and increase global awareness of its flagship GrayKey solution."
Payment and data security startup Bluefin, also headquartered in Atlanta, has raised $25 million in a growth financing round led by Macquarie Capital Principal Finance. Bluefin says the investment will fuel its "product, continued growth in US and internationally, and opportunistic acquisitions."
French data governance SaaS startup Odaseva, based in Paris Saint-Lazare but with operations around the world, has raised $25 million in a Series B round led by Eight Roads Ventures and F-Prime Capital, with participation from existing investors Partech, Salesforce Ventures, and Serena Capital. Crunchbase News says the company will put the funding towards "further product development; hiring in San Francisco, Sydney, and Paris; and more partnerships."
Toka, an Israeli company that provides intelligence-gathering tools to governments and law enforcement, has raised $25 million in a Series B round led by Eclipse Ventures, with participation from existing investors including Andreessen Horowitz, Dell Technologies Capital, and Entrée Capital. The company's co-founder and president Yaron Rosen stated that the "funding will help us build out our product pipeline and commercialize it as well as work with more governments to help them build integrated cyber defence and resilience."
Denver, Colorado-based application security startup StackHawk has raised $10 million in a Series A round led by Sapphire Ventures, with participation from existing investors Foundry Group, Costanoa Ventures, Flybridge Capital, and Matchstick Ventures. StackHawk says it will use the investment to "continue product development, invest in go-to-market teams, and continue to support ZAP, the open source project that the company’s platform is built upon."
Maryland-based Strider Technologies, a provider of software for defending against state-sponsored economic espionage, has raised $10 million in a Series A round led by Koch Disruptive Technologies, with participation from One9 Ventures and existing investor DataTribe. The company stated, "With this latest round of funding, Strider will drive forward product research and development efforts, including introducing new data modules and features within its core offering, the Strider Intelligence Platform. Strider will also roll-out its newest data-driven product, Strider Shield, which enables organizations to identify high-risk activity and behavior across their systems. In addition, Strider is officially opening an office in Salt Lake City, Utah, to access the region's growing tech ecosystem, talent, and customers located in the Western U.S."
Israeli startup Mine, a company that allows users to track which companies are holding data on them, has raised $9.5 million in a Series A round led by Google’s Gradient Ventures, with participation from e.ventures, MassMutual Ventures, and existing investors Battery Ventures and Saban Ventures, CTech reports. According to TechCrunch, Mine will use the funding for its launch in the US.
Another Israeli company, application security management startup Enso Security, has raised $6 million in a seed round led by YL Ventures, with participation from Jump Capital. TechCrunch says the company "plans to continue improving its product and staff up from its small group of seven employees to about 20 in the next year."
San Francisco-based cybersecurity startup Stairwell has raised $4.5 million in a seed funding round led by Accel, with participation from Sequoia Capital, Gradient Ventures, Allen & Company LLC, and angel investors. The company was founded by Mike Wiacek, the founder of Google's Threat Analysis Group (TAG). Stairwell stated that it "wants to provide security teams with accessible, user-centric tools that help them understand the pivotal relationships between their external and internal data sources." TechCrunch says the company is working on at least one product, but details are being kept under wraps. Wiacek told TechCrunch that the funding will go towards staffing, and the company's press release states that it's looking to hire "cybersecurity experts, product designers, software engineers, physicists, and applied mathematicians."
Facebook's policy chief for India, Ankhi Das, is stepping down to pursue public service, the Wall Street Journal reports. Das had faced criticism for allegedly being lenient on moderating anti-Muslim hate speech from Indian politicians (Facebook has denied this). TechCrunch cites sources close to Das as saying her departure wasn't related to this controversy.
AU10TIX has named its president and COO Carey O'Connor Kolaja as the company's new CEO. The company's former CEO Ron Atzmon will become active deputy chairman.
Cyberbit has appointed Dan Phillips and Jim Hansen to its board of directors. Phillips is the former co-founder, CEO, and chairman of CloudHealth Technologies. Hansen co-founded Mandiant and later served as President and COO at Cofense.
Protegrity has appointed eight new executives: Jeffrey Breen as EVP, Product and Strategy; Bridget Quinlan as EVP, Marketing and Growth Strategies; Eliano Marques as EVP, Data and AI; Scott Fleming as EVP, Services and Support; Michael Gephart as EVP, Sales and Alliances; Angel Lange as EVP, Finance; Ben Lieberman as VP, HR and People; and Kaitlin Hartshorn as Director of Legal Affairs.