At a glance.
- Transmit Security raises $543 million in a Series A round.
- Cerberus Sentinel acquires Ground Control IT.
Mergers and acquisitions.
Scottsdale, Arizona-based Cerberus Sentinel has acquired managed security services provider Ground Control IT (also based in Arizona). Cerberus stated, "Under the terms of the agreement, Ground Control will become part of Cerberus Sentinel and will continue to focus on providing integrated risk managed services to a diverse set of customers. With the new organizational structure, Ground Control President Ryan Greyslak will take on the role of vice president, managed services, for Cerberus Sentinel."
Denver, Colorado-headquartered identity security company Ping Identity has acquired SecuredTouch, a fraud detection and prevention firm based in Palo Alto, California. Ping Identity stated, "As SecuredTouch is integrated with the broader PingOne Cloud Platform, enterprise customers will have access to advanced signals, data, and intelligence to gain a greater understanding of fraudster behavior, and step up authentication when needed to stop malicious activity and reduce fraud loss. Customers will be able to deploy SecuredTouch as a stand alone solution or as part of the broader Ping One Cloud Platform."
SafeToNet, a London-headquartered company that seeks to protect children online, has acquired Citadel Filters, a Canadian company that uses machine learning to filter images, videos, and text, Threat.Technology reports. SafeToNet's executive chairman Richard Pursey stated, "By joining forces with Citadel Filters we have further strengthened our technology and especially on a Windows platform where Citadel is particularly strong. Their ability to block inadvertent or deliberate access to the dark web allows us to minimise the risk of children straying into areas online that can cause them irreparable harm. Their chat filters work in 44 languages allowing SafeToNet to further extend its growth into new international territories and therefore safeguard more children."
Reston, Virginia-based threat intelligence firm LookingGlass Cyber has acquired attack surface management AlphaWave (of Austin, Texas). The company stated, "The transaction complements LookingGlass's existing cyber risk and attack surface management capabilities (scoutPRIME®), in use across U.S. federal and state government since 2009, by enabling deeper attack surface visibility into cloud and container environments. The deal will also enable AlphaWave customers to access LookingGlass's deep and broad threat intelligence capabilities and repositories, adding strategic value for customers as they face increasing cyber threats and attacks."
Investments and exits.
Boston-headquartered biometric authentication company Transmit Security has secured $543 million in a Series A round led by Insight Partners and General Atlantic, with participation from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures. Transmit Security says it's valued at $2.2 billion. The company says it "will use the funding to increase the company's reach and expand its primary business functions, investing in key global areas in order to grow the organization, ultimately enabling the company to accelerate its mission to help the world go passwordless." TechCrunch notes that the investment is "said to be the largest Series A investment in cybersecurity history and one of the highest valuations for a bootstrapped company."
New York-based industrial cybersecurity company Claroty has raised $140 million in a Series D round led by Bessemer Venture Partners and 40 North. The company says the "new funding will be used to accelerate the company’s expansion into new verticals and regions, as well as to further enhance its best-in-class product portfolio."
Paoli, Pennsylvania-headquartered privacy-focused search engine DuckDuckGo announced that it's raised more than $100 million in an investment round led by OMERS Ventures, Thrive, GP Bullhound, Impact America Fund, Brian Acton, Tim Berners-Lee, Freada Kapor Klein, Mitch Kapor, and others. The company says the investment created "an early liquidity moment for employees and early investors while strengthening our financial position."
Palo Alto, California-based cloud data security company Anjuna has raised $30 million in a Series B round led by Insight Partners. The company says the investment "enables Anjuna to bring its Anjuna Confidential Cloud Software Platform to market, and allows the company to continually evolve its technology and security innovations in the enterprise confidential computing market."
Tel Aviv-based cloud security platform provider Lightspin has raised $16 million in a Series A round led by Dell Technologies Capital, with "significant participation" from existing investor Ibex Investors. The company says the investment "will fuel cross-function innovation and growth as the company plans to triple the current number of employees, while maintaining its commitment to gender balance across all departments. New hiring will be divided between Israel and the US."
The Firmament Group has invested an undisclosed amount in Baltimore, Maryland-based cybersecurity company CyberPoint International. CyberPoint's CEO Karl Gumtow said, "Firmament's financial backing will catalyze the remarkable progress the team has already made developing next generation cybersecurity software products for our customers, while continuing to provide vital cybersecurity services to the federal agencies most responsible for the defense of our country."
Mimecast has hired David Raissipour as Chief Technology & Product Officer. Raissipour previously served as Senior Vice President, Sophos Cloud Platform Group & Sophos Messaging Security Group at Sophos.
The importance of picking the right customers.
SecurityWeek reports that French authorities have indicted four former and current executives of Nexa Technology, an intercept company formerly known as Amesys, on charges of complicity with torture carried out by Egypt and the Libyan regime of the late Muammar Gadaffi. The problem lies principally in the selection of customer: when dealing with a sufficiently odious regime, companies expose themselves to legal and moral risk. Drawing the line isn't easy, to be sure, but that line certainly lies somewhere well this side of Muammar Gadaffi.