At a glance.
- Proofpoint acquired by Thoma Bravo.
- KnowBe4 goes public.
- Sysdig raises $188 million in Series F round.
Mergers and acquisitions.
Proofpoint is being acquired by Thoma Bravo for $12.3 billion. Proofpoint stated, " Upon completion of the transaction, Proofpoint will become a private company with the flexibility and resources to continue providing the most effective cybersecurity and compliance solutions to protect people and organizations around the world. Additionally, Proofpoint will benefit from the operating capabilities, capital support and deep sector expertise of Thoma Bravo – one of the most experienced and successful software investors in the world."
Boston-based cybersecurity compliance firm Rapid7 has acquired Velociraptor, an open-source digital forensics and incident response framework. Rapid7 stated, "As we take on the stewardship of the Velociraptor project, we want the community to know that we’re committed to helping it grow and thrive through expanded events, projects, engagement, contributions, and more. We also plan to embed the Velociraptor Project into the Rapid7 Insight platform, allowing our customers to benefit from this amazing technology and community."
Reston, Virginia-based Science Applications International Corp. (SAIC) will acquire Koverse, a data management and analytics company headquartered in Seattle. Jon Matsuo, president and CEO of Koverse, stated, "Joining forces with SAIC creates a direct channel to include Koverse as the underlying data platform in large, important pieces of the emerging defense and national intelligence community mission."
Bellevue, Washington-based migrations and managed services automation company BitTitan has agreed to acquire Perspectium, a San Diego-based company that offers tools and services for ServiceNow. BitTitan stated, "With this significant investment in data synchronization and workflow technology, BitTitan is increasing its global footprint to deliver new IT solutions."
Investments and exits.
San Francisco-based container security company Sysdig has raised $188 million in a Series F round led by PremjiInvest and Third Point Ventures, with participation from Accel, Bain Capital Ventures, DFJ Growth, Glynn Capital, Goldman Sachs, Insight Partners, and Next47, Crunchbase News reports. The round brings the company's valuation to $1.19 billion. The company stated, "This new round of investment will enable Sysdig to invest in continued innovation in its open source foundation as well as in its secure DevOps platform, and grow research and development teams in Raleigh, Spain, Italy, Belgrade, and San Francisco. The funding will drive expansion of sales and marketing in existing markets within the United States, Europe, Japan, and Australia, as well as entry into newer markets in the Asia-Pacific region. A key emphasis will be on continuing to build ecosystem and channel partnerships and local SaaS regions around the globe."
Patch management company Automox has secured $110 Million in a Series C round led by Insight Partners, with participation from Blackstone, Koch Disruptive Technologies, and TechOperators. SecurityWeek says "[t]he money will be invested in sales and expanding the functionality of Automox's endpoint management platform."
New York-based deep learning cybersecurity company Deep Instinct has raised $100 million in a Series D round led by funds and accounts managed by BlackRock, with participation from Untitled Investments, The Tudor Group, Anne Wojcicki, and existing investors. The company says the funding "will fuel the company’s aggressive growth plans for 2021 and beyond."
San Francisco-based digital fraud prevention company Sift has raised $50 million in a funding round led by Insight Partners, with participation from Union Square Ventures and Stripes. The investment brings Sift's valuation to over $1 billion. The company says the funding "will be used to continue expanding the company’s product portfolio and to scale its product, engineering, and sales teams globally."
Israeli cloud security company Akeyless has raised $14 million in a Series A round led by Team8, with participation from Jerusalem Venture Partners. The company says it "will use the funding to accelerate product development and growth of the world’s first SaaS-based unified vault, built for secrets management and zero-trust access."
Zero-trust Kubernetes security company AccuKnox has raised $4.6 million in a seed round led by National Grid Partners, with participation from SRI, Z5 Capital, and Outliers VC. The company stated, "The funding will be used to expand the engineering team and enable AccuKnox to further capitalize on its technology innovations in security and Zero Trust in dynamic, cloud-native environments. The company plans to deliver on open source and commercial offerings before the end of this year."
Thistle Technologies, an IoT security startup based in San Francisco, has launched with $2.5 million in seed funding from True Ventures. The company was "founded by Window Snyder, who formerly served as chief security officer at Square, Mozilla, and Fastly, in addition to chief software security officer at Intel Corporation."
Boston-based IoT security company Prescient Devices has closed a $2 million seed round led by Z5 Capital, along with angel investors. The company's CEO Andy Wang stated, "This round of funding will help accelerate our ability to better support our customers while expanding Prescient Designer's functionality."
Red Canary has hired John Turner as Chief Revenue Officer and Rick Caccia as Chief Marketing Officer. Both most recently worked for Google Cloud’s Security business unit, Turner as Head of Sales and Caccia as Head of Marketing.
Guardicore has appointed Nick Baglin as Vice President of EMEA Sales. Baglin previously served as VP of EMEA Sales at CyberArk.
The Cybersecurity Association of Maryland, Inc. (CAMI) has appointed Dr. Gwen Greene and Sarah Woods to its board of directors. Green is the founder, CEO, and Senior Information Systems Security Engineer at Applied Information Technology. Woods is the president of VenturePotential, LLC.