At a glance.
- Zscaler acquires Smokescreen.
- Immuta raises $90 million in Series D round.
Mergers and acquisitions.
San Jose, California-based cloud security firm Zscaler will acquire Mumbai-based defense and deception technology provider Smokescreen Technologies. Zscaler said in its announcement, "Smokescreen's cutting edge capabilities will be integrated into the Zscaler Zero Trust Exchange™, further building upon Zscaler’s ability to precisely detect the most sophisticated, highly targeted attacks, ransomware, and lateral movement attempts. Additionally, Smokescreen will help provide rich threat intelligence and telemetry for the Zscaler team to proactively hunt for emerging adversary tactics and techniques."
San Francisco-based fraud prevention firm Sift will acquire Chargeback, a dispute management automation company based in Salt Lake City. Sift stated, "With the addition of Chargeback to Sift’s platform, merchants will gain access to a complete solution that addresses risk before, during, and after user transactions. Specifically, the two companies prevent both 'true' fraud, which occurs when stolen credentials or payment information is used to make purchases, as well as 'friendly' fraud, which occurs when consumers make false chargeback claims to their payment providers (e.g., about undelivered or unsatisfactory merchandise). Additionally, Chargeback's pre-built connector within the Sift Connect integration hub adds to the rich data from integrations with leading payment service providers (PSPs) already available in the Sift App Gallery."
UK-headquartered IT distributor Nuvias has acquired cloud security distributor Cloud Distribution (also based in the UK). Cloud Distribution's CEO Greg Harris stated, "Joining forces with the Nuvias Group provides a significant acceleration platform for what Cloud Distribution does best, as we become part of a leading European growth focused VAD with scalable services propositions. Our strengths and competencies complement each other well, allowing us to address both emerging and mature market players and intercept the opportunity offered by important IT trends, such as XaaS and the move to the Cloud, accelerated by the mass remote working practices."
Investments and exits.
Toronto-based quantum computing company Xanadu has raised $100 million in a Series B round led by Bessemer Venture Partners, with participation from Capricorn, Tiger Global, BDC Capital, In-Q-Tel, and existing investors Georgian, OMERS, and Tim Draper. The company stated, "This funding positions Xanadu to achieve its next major milestone: the building of a fault-tolerant quantum computing module."
Maryland-based cloud data access control company Immuta has secured $90 million in a Series D round from Greenspring Associates, March Capital, NGP Capital, and Wipro Ventures, with participation from existing investors Ten Eleven Ventures, Intel Capital, DFJ Growth, Dell Technologies Capital, Citi Ventures, and Okta Ventures. The company says the "investment will go towards accelerating Immuta's product research and development, expanding sales and marketing capacity to capture growing demand in the U.S., EMEA, and APAC, and deepening strategic partnerships within the cloud data ecosystem."
Palo Alto, California-headquartered API security company Salt Security has raised $70 million in a Series C round led by Advent International, with participation from Alkeon Capital, DFJ Growth, and existing investors Sequoia Capital, Tenaya Capital, S Capital VC, and Y Combinator. The company will "will use the funds to expand its global operations across R&D, sales and marketing, and customer success."
London-headquartered email security provider Tessian has raised $65 million in a Series C round led by March Capital, with participation from Schroder Adveq and existing investors Accel, Balderton Capital, Latitude, and Sequoia Capital. The company stated, "With the new funding, Tessian will expand its platform’s capabilities, helping companies replace their secure email gateways and legacy data loss prevention solutions, and will soon expand beyond email to secure other interfaces like messaging, web and collaboration platforms. Tessian will also use the funding to triple its rapidly growing employee base, with a particular focus on growing its sales team in North America."
Redwood City, California-based zero-trust email security firm Material Security has raised $40 million in a Series B round led by angel investor Elad Gil, with participation from Andreessen Horowitz. The company says the funding "will allow Material Security to expand business operations to additional geographies, as well as aggressively expand R&D."
New York-based bot-driven fraud prevention company DataDome has raised $35 million in a Series B round led by Elephant, with participation from existing investor ISAI. The company says the funding "will enable DataDome to aggressively scale its global sales, marketing, delivery and R&D teams, and puts the company on track to deliver on its ambition to double its Annual Recurring Revenue (ARR) and its customer base. More than 50% of this growth will come from the US."
San Jose, California-based application security company SpecTrust has emerged from stealth with $4.3 million in a seed funding round led by Cyber Mentor Fund, with participation from Rally Ventures, SignalFire, Dreamit Ventures, and Legion Capital. VentureBeat says the company "plans to put the proceeds toward product R&D and global hiring efforts."
Skiff, a company that provides an end-to-end encrypted collaboration platform, has raised $3.7 million in a seed round led by Sequoia Capital, TechCrunch reports. TechCrunch says the company "will use the seed funding to grow the team and build out the platform."
N-able (formerly known as SolarWinds MSP) has hired Dave MacKinnon as Chief Security Officer, CRN reports. MacKinnon most recently served as Senior Director for Security Operations and Response at AT&T/WarnerMedia.
Resilience Cyber Insurance Solutions has hired Hunter Brooks as Senior Data Scientist, Kelly Brown as an Assistant Vice President on the underwriting team, Beth Castilano as Director of Business Operations, Amy Chang as Director of Business Development, Dan James as Principal Engineer, Mike Manzo as Assistant Vice President on the underwriting team in Dallas, Amanda Surovec as Director of Security and Claims, Insurance Business Magazine reports.
NTT Research has appointed Dr. Sanjam Garg, an Associate Professor in the department of Electrical Engineering and Computer Science at the University of California, Berkeley, as a Senior Scientist in its Cryptography & Information Security (CIS) Lab.
Verve Industrial has hired 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."