At a glance.
- Cisco to acquire Kenna Security.
- HelpSystems acquiring Agari.
- NetSPI raises $90 million.
Mergers and acquisitions.
Minneapolis-based IT management company HelpSystems has acquired Foster City, California-based emails security firm Agari. HelpSystems CEO Kate Bolseth said, “We’re thrilled to welcome Agari and their email phishing defense prowess to the HelpSystems family. Agari will be a notable asset to HelpSystems as we work together to give global customers new tools for securing their valuable data and achieving peace of mind." Agari's founder and CEO Patrick Peterson also commented, saying, "We have found the perfect home in HelpSystems, with its dedication to supporting organizations in their efforts to achieve a holistic approach to email and data security. We look forward to continuing to work with our customers to provide the first line of defense against phishing attacks, and we can now introduce them to a host of complementary solutions to address gaps in all aspects of their security postures."
Cisco has agreed to acquire Santa Clara, California-based vulnerability management firm Kenna Security, the Silicon Valley Business Journal reports. Jeetu Patel, senior vice president and general manager of Cisco Security and Collaboration, stated, "Our goal is to unify all critical control points into a single platform. With the addition of Kenna Security, we will fundamentally strengthen our platform experience by giving customers the ability to prioritize vulnerabilities based on a robust risk methodology that is tuned to their unique needs."
San Francisco-based data management and analysis company Splunk is acquiring data intelligence platform provider TruSTAR (also headquartered in San Francisco). Splunk described its goals with respect to the acquisition: "With this acquisition, Splunk will advance its ability to offer the world’s most comprehensive security solutions in the cloud. With TruSTAR, Splunk further expands its existing security capabilities, giving customers the ability to access all their data to cut through complexity, drive highly effective detection and respond to threats faster and in an autonomous fashion."
Minneapolis-headquartered Apple product management firm Jamf has agreed to acquire Israeli zero-trust cloud security company Wandera for $400 million, Geektime reports. Wandera's CEO Eldar Tuvey said, "By combining with Jamf, we can offer our customers a truly integrated access and security platform, with exceptional ease of use, speed, scalability and reliability. Together, we accelerate our customers’ ability to seamlessly and securely keep their employees connected, no matter where they are."
Bethesda, Maryland-based threat detection and response firm Fidelis Cybersecurity has acquired San Francisco-based cloud security and compliance company CloudPassage. The company stated, "With over 70 employees, CloudPassage's team will be integrated into the Fidelis Cybersecurity organization to continue Halo product development and integration with the Fidelis XDR platform."
Investments and exits.
London-based quantum cybersecurity platform provider Arqit has emerged from stealth and will go public on the New York Stock Exchange through an SPAC. BusinessCloud says "the deal will raise $400 million which will allow Arqit to build and launch two satellites in 2023 to further its quantum key network."
Minneapolis-based penetration testing and attack surface management company NetSPI has raised $90 million in a funding round led by KKR, with participation from Ten Eleven Ventures. The company stated, "The investment will be used to further accelerate NetSPI's rapid growth by expanding the company's cyber security and client experience teams, investing in product innovation, and deepening operations across U.S. and international markets."
Redwood City, California-based cloud-native authorization provider Styra has secured $40 million in a Series B round led by led by Battery Ventures with participation from Capital One Ventures, Citi Ventures, and existing investors A.Capital, Unusual Ventures, and Accel. The company wrote, "With this funding, Styra will double its current team by the end of 2021, initially in its product management, customer success, open source and go-to-market departments. The team will support enterprise deployments as well as ramp up business development and ecosystem partnerships."
Israeli financial security company ThetaRay has raised $31 million in a funding round led by Benhamou Global Ventures and Saints Fund, with participation from existing investors OurCrowd, Bank Hapoalim, and SBT. The company says it "intends to use the capital raised to complete the crime prevention revolution by expanding the cross-border payment market that is currently valuated at $25T a year, mitigating financial crime by marketing a cloud version of its products, and expanding its target audiences to any organization that deals in cross-border payments."
New York-headquartered healthcare IoT device security provider Cynerio has raised $30 million in a Series B round led by ALIVE Israel HealthTech Fund, with participation from existing investors. The company says the funding "will further support the acceleration of technological development and enhance support to Cynerio’s existing customers, while reinforcing its leading position in North America as well as its global expansion."
Milpitas, California-based data security and governance company Cyral has raised $26 million in funding from Redpoint, Costanoa Ventures, A.Capital, and Silicon Valley CISO Investments (SVCI). Cyral's founder and CEO Manav Mital stated, "With this new investment, we can continue to drive product innovation and meet customer demand, while expanding our global footprint."
Cyber risk ratings firm VisibleRisk has secured $25 million in funding from Moody's and Team8. The company also "announced the launch of a Cyber Rating product, building on the collaboration between Moody’s and Team8 to develop a global standard for assessing corporate cyber risk."
Florida-based enterprise endpoint security company ThreatLocker has raised $20 million in a Series B round led by Elephant. According to VentureBeat, the company "will put the capital toward expanding its global footprint and product R&D, with a focus on growing its engineering workforce."
London-based API security company 42Crunch has raised $17 million in a Series A round led by Energy Impact Partners, with participation from Adara Ventures. Nazo Moosa, Co-Managing Partner at Energy Impact Partners, said "our goal is to help 42Crunch build on this commercial traction and expand in the US, APAC, and Europe."
Palo Alto, California-based code-scanning platform provider BluBracket has raised $12 million is a Series A round led by Evolution Equity Partners, VentureBeat reports. VentureBeat says the company will use the funding "to further develop BluBracket's products and grow its sales team."
Virginia-based network privacy and security firm NetAbstraction has raised $9 million in a Series A round led by AllegisCyber Capital. The company says it will use the funding "to accelerate go-to-market activities for its cloud-based service that proactively prevents cyber attacks by disguising enterprise networks from detection." NetAbstraction has also appointed Gordon Lawson as its new CEO. The company's founder and former CEO Barbara Hunt will remain Chairman and Chief Technology Officer of the company.
Paris-based cryptography lifecycle management platform Cryptosense has raised $4.8 million in a funding round led by Amadeus Capital Partners, with participation from BGV and Elaia Partners. The company says the "funds will be used to hire senior-level staff across the product and engineering teams, develop the company's partner program, and further expand the company's operations across the U.S."
South Dakota-based security investigations control plane provider Query.AI has raised $4.6 million in seed funding from ClearSky Security, DNX Ventures, and South Dakota Equity Partners. The company says it "will use the funding to scale its go-to-market and engineering teams to meet significant demand for its platform." Jay Leek, former CISO at Blackstone, will join Query.AI's board of directors.
Sontiq has appointed Jeremy Haas as Chief Technology Officer. Haas served at the CIA for 24 years, and was most recently Chief Information Security Officer and Chief Technology Officer at LookingGlass Cyber Solutions.
Verve Industrial has appointed Robert Held as Vice President of Sales Engineering and Customer Success and Adnan Alawneh as General Manager. Alawneh will "oversee business development and technology partnership activities in the Middle East, North Africa, and Turkey."
Trusona has added Alan Elliot and Anton Granic to its advisory board. Elliot is Chief Commercial Officer for SS8, while Granic serves as Vice-President of Worldwide Sales and Operations at SALT Security.