At a glance.
- SentinelOne goes public.
- AWS acquires Wickr.
- Illumio raises $225 million in Series F round.
Mergers and acquisitions.
Amazon Web Services has acquired end-to-end encrypted messaging and conferencing service Wickr. The company stated, "Wickr’s secure communications solutions help enterprises and government organizations adapt to this change in their workforces and is a welcome addition to the growing set of collaboration and productivity services that AWS offers customers and partners. AWS is offering Wickr services effective immediately and Wickr customers, channel, and business partners can continue to use Wickr’s services as they do today."
Accenture has acquired Swedish cybersecurity services company Sentor. Accenture explained that, "Sentor’s approximately 80 cybersecurity professionals will join the Accenture Security team in Sweden, extending Accenture’s local resources and capabilities and addressing the growing demand for local cybersecurity and managed security services."
Sunnyvale, California-based DevOps company JFrog has acquired Israeli software security company Vdoo for $300 million. The company stated, "As part of the JFrog Platform, Vdoo will accelerate JFrog’s vision of becoming the company behind all software updates and creating a world of Liquid Software by expanding its end-to-end DevOps Platform offering, providing holistic security from the development environment all the way to edges, IoT and devices."
Indianapolis-based managed detection and response provider Pondurance has acquired Texas-based advisory and assessment firm Bearing Cybersecurity. The company stated, "Under this agreement, Pondurance will integrate Bearing Cybersecurity’s flagship cloud-based platform, MyCyberScorecard, into its portfolio of advisory and managed services solutions. MyCyberScorecard analyzes and visualizes an organization’s cyber exposure to make it easy to identify and prioritize the most significant gaps while developing a plan for cyber resilience."
Cisco has completed its acquisition of San Francisco-based vulnerability management company Kenna Security, CRN reports.
Investments and exits.
Mountain View, California-based cybersecurity company SentinelOne made its debut on the New York Stock Exchange today, beginning trading at $46 per share, CNBC reports. Seeking Alpha says the company is now valued higher than expected, at $11 billion. The company raised $1.2 billion, which the Times of Israel notes is being "touted as the largest ever initial share offering by a cybersecurity firm."
Sunnyvale, California-based zero-trust segmentation company Illumio has raised $225 million in a Series F round led by Thoma Bravo, with participation from Franklin Templeton, funds managed by Hamilton Lane, and Owl Rock. The funding brings the company's valuation to $2.75 billion. Illumio's CEO and co-founder Andrew Rubin stated, "With this funding, we will accelerate our innovation in product and engineering, further invest in customer success, and build upon our global partner strategy."
Philadelphia-headquartered healthcare data management HealthVerity has secured $100 million in a Series D round led by Durable Capital Partners LP, with participation from existing investors Flare Capital Partners, Foresite Capital, and Greycroft. The company stated, "Beyond accelerating go-to-market initiatives, the financing will fund expansion of the already existing largest real-world data ecosystem and industry-leading patient identity resolution technology."
San Jose, California-based SASE provider Versa Networks has raised $84 million in a Series D round led by Princeville Capital and RPS Ventures, with participation from existing investors. The company says the funding "will enable Versa to introduce new go-to-market strategies, launch new sales and partner enablement initiatives, and address new markets to further cement its leadership position in the Secure Access Service Edge (SASE) market."
Palo Alto, California-based API security company Noname Security has raised $60 million in a Series B round led by Insight Partners, with participation from Next47, ForgePoint Capital, The Syndicate Group, and existing investors Cyberstarts and Lightspeed Venture Partners. VentureBeat says the company will use the funding "to scale Noname’s go-to-market and customer success efforts as well as its product and R&D teams."
Menlo Park, California-headquartered cryptocurrency compliance and anti-money-laundering company CipherTrace has secured $27.1 million in a Series B round led by Third Point Ventures, with participation from existing investors Neotribe, Acrew Capital, and Seraph Group, CoinDesk reports. CoinDesk says CipherTrace "plans to double its 100-person operation by June 2022."
Drata, based in San Diego and provider of a security and compliance automation platform, has raised $25 million in a Series A round led by GGV Capital, with participation from Okta Ventures, Silicon Valley CISO Investors (SVCI), Cowboy Ventures, and Leaders Fund. The company will use the funding to expand its product "to support additional compliance frameworks."
Israeli cloud incident response firm Mitiga has raised $25 million in a Series A round led by ClearSky Security, with participation from Atlantic Bridge and DNX Ventures, Geektime reports.
Austin, Texas-based security asset intelligence platform provider Sevco Security has secured $15 million in a Series A round led by SYN Ventures, with participation from .406 Ventures, Accomplice, Bill Wood Ventures, and fama Ventures. The company says it will use the funding "to scale adoption of the industry’s first cloud-native security asset intelligence platform that delivers two fundamental values to customers: continuous converged visibility of all assets across siloed systems; and the telemetry required to understand how assets change in a dynamic environment over time."
San Francisco-based cloud data security provider Symmetry Systems has raised $15 million in a Series A round led by Prefix Capital and ForgePoint Capital, with participation from Accenture Ventures, Crunchbase News reports. According to VentureBeat, the company will use the funding "support its growth initiatives, particularly in the areas of customer acquisition and recruitment."
Augtera Networks, a Palo Alto, California-based company that uses AI for network performance management, has emerged from stealth with $13 million in seed funding. The round was led by Intel Capital, with participation from Dell Technologies Capital, and existing investors Bain Capital Ventures and Acrew Capital.
Seattle-based code remediation company Moderne has raised $4.7 million in a funding round led by True Ventures, with "participation from Mango Capital, Overtime.vc, Github CTO Jason Warner, Datadog co-founder and CEO Olivier Pomel, and Coverity co-founder and former CTO Andy Chou," GeekWire reports.
Santa Clara, California-based attack surface management company Bit Discovery has raised $4 million in a Series B round led by Mighty Capital and Aligned Partners, SecurityWeek reports.
Denver, Colorado-based data security automation provider Ntrinsec has received $2.5 million in seed funding from DataTribe. Ntrinsec's CEO Cam Williams stated, "As we accelerate into this next phase of growth, focusing on innovation, customer acquisition and go-to-market, we are confident in our ability to move the cybersecurity industry needle."
Logicalis Australia has named Anthony Woodward as its new CEO, CRN reports. Woodward is the founder and former CEO of Bulletproof.
TrapX Security has promoted Guy Waizel to Chief Operating Officer. Waizel previously served as the company's Vice President of Global Operations.
Devo Technology has appointed Gunter Ollmann as Chief Security Officer, Jennifer Grunebaum as Chief Financial Officer, and Adrianna Gugel as Vice President of Product Management, Security Operations.
Aura has hired J.R. Tietsort as Chief Information Security Officer.
Finite State has named Eric Greenwald as Finite State General Counsel, Mark Hodgson as Executive Vice President of Marketing, and Jeff Martin as Vice President of Product.
Elevate Security has hired Jose Muniz as Vice President of Engineering.
Bugcrowd has hired Ellie Wu as Vice President of Customer Experience. Wu most recently served as Senior Director of Customer Experience Transformation at SAP Concur.
Crosspoint Capital Partners has hired Samir Kapuria as Managing Director. Kapuria previously served as President of NortonLifeLock.
Illusive Networks has hired Brendan O'Connell as Chief Product Officer, Mark Jaffe as Vice President of Strategy and Business Development, and Ori Mebel as Vice President of People.
KnowBe4 has hired Michael Williams as its new Chief Marketing Officer. William previously served as Chief Marketing Officer at D2iQ.
Shift5 has hired André Browne as Director of Engineering.
Forescout has promoted Ellen Sundra to Chief Customer Officer. Sundra previously served as the company's Senior Vice President of Global System Engineering and Enablement.
Recorded Future has added former MI6 chief Sir Alex Younger to its board of directors.
Science Applications International Corp. (SAIC) has added Milford W. McGuirt to its board of directors.
Red Sift has added Mike Hedger and Michel van der Bel to its board of directors.