At a glance.
- Microsoft acquires Nuance Communications.
- Veriff raises $69 million.
Mergers and acquisitions.
Microsoft has acquired Massachusetts-based artificial intelligence firm Nuance Communications for $16 billion, the Wall Street Journal reports. Reuters quotes Microsoft CEO Satya Nadella as saying, "This acquisition brings our technology directly into the physician and patient loop, which is central to all healthcare delivery. The acquisition will also expand our leadership in cross-industry enterprise AI and biometric security."
New Jersey-headquartered identity theft and data breach prevention company StrikeForce Technologies has acquired privacy and data protection company Cybersecurity Risk Solutions LLC (also based in New Jersey). StrikeForce stated, "The acquisition enables StrikeForce to grow and strengthen its channel distribution strategies and provide the marketplace with cost-effective cyber solutions for mitigating security risks....Cybersecurity Risk Solutions will continue to operate under the same name and will become a subsidiary of StrikeForce Technologies, Inc. StrikeForce CEO Mark Kay will remain as CEO of the combined businesses, while Will Lynch, Founder & CEO of CRS, will be joining the company as a Director of Channel Distribution."
Investments and exits.
Estonian identity verification platform provider Veriff has secured $69 million in a Series B round led by IVP and Accel. The company stated, "With this latest round of funding, Veriff will continue building within the fast-growing market opportunity in the U.S. and deliver on our promise of building a stronger source of identity online than government-issued IDs alone currently provide." Additionally, "Jules Maltz of IVP and Matt Weigand of Accel will also join Veriff's Board of Directors."
Israeli enterprise security firm Talon Cyber Security has raised $26 million in seed funding from Lightspeed Venture Partners, Team8, entrepreneur Zohar Zisapel, and angel investors. The company says the funding "will allow the company to further develop its technology and expand the development team."
Irish no-code automation company Tines has raised $26 million in a Series B round led by Addition, with participation from Accel, Blossom Capital, the CrowdStrike Falcon Fund, and Silicon Valley CISO Investments. Crunchbase says "[t]he company anticipates growing from about 23 employees now to 60 by the end of the year, evenly split between Dublin and its US hub in Boston as the company expands in the North American market."
Itential, a network automation company headquartered in Atlanta, Georgia, has raised $20 million in a Series B round led by Elsewhere Partners. The company says it "will use the funds to accelerate its core business and continue to build its Software-as-a-Service (SaaS) offering to expand within the global enterprise market."
New York-based SaaS security company DoControl has introduced its platform with $13.35 million in funding, including a $10 million Series A round led by RTP Global, with participation from StageOne Ventures, Cardumen Capital, and the CrowdStrike Falcon Fund. The company stated, "The funding round will help the company execute its go-to-market strategy by doubling its headcount across R&D, sales, and marketing to accelerate global expansion while delivering an enterprise ready product that supports hundreds of customer feature requests."
Atlanta-based anti-fraud company Pindrop Security has raised $6.8 million, Atlanta Inno reports. The company says it will use the funding "to accelerate product development and establish its go-to-market strategy to meet the explosive growth in adoption of Intrigue's Attack Surface Management platform. The seed funding will also support the security and developer communities contributing to Intrigue Core, the open source asset discovery project that serves as the backbone of Intrigue's enterprise solutions."
Boston-based threat intelligence firm Recorded Future has invested an undisclosed amount in Los Angeles-headquartered data security provider SecurityTrails. Recorded Future stated that the acquisition is "part of its strategy to invest in early-stage companies that support its mission of making intelligence the great equalizer through persistent and pervasive data collection and analysis. A technology partner since 2018, SecurityTrails provides Recorded Future with key data sources to help ensure the broadest and deepest data collection capabilities for its Intelligence Platform."
eSentire has appointed Bob Layton as Chief Channel Officer and Erin McLean as Chief Marketing Officer. Layton was previously Senior Vice President and Chief Revenue Officer at Digital Defense. McLean was formerly SVP of Marketing and Communications for Herjavec Group.
Cyble has appointed James Thornton as Regional Director of Sales & Customer Success for North America. Thornton was formerly Senior VP of Strategic Sales for the US at General Dynamics. Cyble also hired Maxim Mitrokhin, former MD for Kaspersky Lab APAC, as "Regional Sales Director (SEA, GRC, Korea and Japan) & Channel - APAC."
HUMAN has added Ann Johnson and Dan Burns to its board of directors. Johnson is Corporate Vice President of Security, Compliance & Identity Business Development at Microsoft. Burns is the co-founder and former CEO of Optiv.
iProov has appointed Paul King to its advisory board. King most recently served as Chief Security Officer of Cisco UK.