At a glance.
- Microsoft to acquire RiskIQ.
- Sophos acquires Capsule8.
- Netskope secures $300 million.
Mergers and acquisitions.
Microsoft has agreed to acquire San Francisco-based attack surface management company RiskIQ for $500 million, VentureBeat reports. RiskIQ stated, "We're joining Microsoft to extend and accelerate our reach and impact and are more committed than ever to executing our mission. We'll work closely with our customers as we integrate RiskIQ's complementary data and solutions with Microsoft's Security portfolio to enable best-in-class solution attack surface visibility, threat detection, and response."
UK-based email security firm Sophos has acquired New York City-headquartered Linux visibility and detection provider Capsule8. The company stated, "Sophos is integrating Capsule8 technology into its recently launched Adaptive Cybersecurity Ecosystem (ACE), providing powerful and lightweight Linux server and cloud container security within this open platform. Sophos will also feature Capsule8 technology in its Extended Detection and Response (XDR) solutions, Intercept X server protection products, and Sophos Managed Threat Response (MTR) and Rapid Response services."
Newcastle-based Pixel, the parent company of cloud data services provider Perfect Image, has acquired Belfast-headquartered cybersecurity firm Cyphra. Pixel stated, "Cyphra will draw on Perfect Image resources and infrastructure to scale its business through geographic expansion, penetrating new markets and creating new sales revenues through cross-selling opportunities. Perfect Image will leverage Cyphra's specialist cyber security proposition to drive incremental business within its existing customer base as well as drive net new customer acquisitions."
Tel Aviv-based cloud security company Aqua Security has acquired tfsec, an open-source security scanner for Terraform infrastructure-as-code templates. Aqua stated, "While tfsec will remain a standalone project, in addition to its integration into Trivy, it will also be added to Aqua Security’s suite of open source cloud security tools, including Tracee, Starboard, Kube-bench and Kube-hunter. With this portfolio, users can also perform penetration tests of Kubernetes clusters, integrate disparate Kubernetes security tools into an aggregate security dataset that is available natively in Kubernetes, view runtime and forensics data for Linux, and more. Tfsec co-founders Liam Galvin and Owen Rumney will join the Aqua team as Cloud Engineers bringing deep experience in both software and open source."
New York-based cybersecurity services provider BlueVoyant has acquired UK-based cybersecurity consultancy Marclay Associates. BlueVoyant has also received $30 million in funding from existing investors, which the company says will help "stimulate further business growth across the region."
Massachusetts-based digital identity company Imprivata has acquired Pennsylvania-headquartered privileged access management provider Xton Technologies. Imprivata's CEO Gus Malezis stated, "This acquisition expands the Imprivata digital identity framework and extends access control to include administrators and root users – the user type that governs critical enterprise assets such as servers, network devices, databases, and other core resources. While our existing identity and access management solutions are designed to govern access for the clinician and other staff, this highly innovative and nimble solution set extends this reach deeper into the enterprise to safeguard and control access to an ever broader set of mission-critical resources and data."
Investments and exits.
Santa Clara, California-based SASE provider Netskope has secured $300 million in an oversubscribed investment round led by existing investor ICONIQ Growth, with participation from other existing investors Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures, and Geodesic Capital. The funding round brings the company's valuation to $7.5 billion. Netskope stated that it "will continue to aggressively expand both its platform and go-to market amidst its hypergrowth to meet the strong demand for its market-leading Secure Access Service Edge (SASE) architecture."
Boston-headquartered behavioral analytics company Cybereason has raised $275 million in crossover financing led by Liberty Strategic Capital, with participation from Irving Investors, funds advised by Neuberger Berman Investment Advisers, and Softbank Vision Fund 2. The Times of Israel notes that the funding round brings the company's valuation to over $3 billion, and adds that this is the first investment by Liberty Strategic Capital, a firm set up by former US Treasury secretary Steven Mnuchin. Cybereason stated, "In connection with Liberty’s investment in Cybereason, Secretary Mnuchin will join the Cybereason Board of Directors, and Liberty’s Senior Advisor, General Joseph F. Dunford (Ret.), will join Cybereason’s Advisory Board."
Israeli AI facial recognition company AnyVision has raised $235 million in a Series C round led by SoftBank Vision Fund 2 and Eldridge, with participation from existing investors. The company stated, "Proceeds from the round will accelerate AnyVision’s product innovation in edge computing and Access Point AI used to optimize touchless access control, video surveillance, and watchlist alerting."
Minnesota-based Arctic Wolf, a company that provides security monitoring for small and medium-sized businesses, has raised $150 million in a Series F round from Viking Global Investors, Owl Rock, and others. The funding round brings the company's valuation to $4.3 billion. Arctic Wolf says the investment "will allow us to innovate our offerings, hire category experts, and expand our operations around the world."
Santa Clara, California-based cybersecurity training and breach simulation provider AttackIQ has secured $44 million in a Series C round led by Atlantic Bridge, with participation from Saudi Aramco Energy Ventures (SAEV), and Gaingels, and existing investors Index Ventures, Khosla Ventures, Salesforce Ventures, and Telstra Ventures.
Israeli IoT and OT device security company NanoLock has raised $11 million in a Series B round led by OurCrowd, HIVE2040, Atlantica Group, and AWZ Ventures, SecurityWeek reports. SecurityWeek says the company will use the funding "to expand and improve its solutions."
FirstWave's CEO Neil Pollock has left the company, CRN reports. FirstWave's executive chairman John Grant will serve as interim CEO. Grant stated, "The FirstWave board acknowledges Neil’s contribution to FirstWave since 2017, including over the last 12 months as CEO. Neil leaves with our best wishes for his future endeavours."
Acronis has appointed Patrick Pulvermueller, former president of GoDaddy's partners business, as CEO, TechTarget reports. The company's founder and former CEO Serguei Beloussov has voluntarily stepped down and will serve as Acronis's Chief Research Officer.
Accenture Federal Services has hired Rick Driggers as its National Security Cyber Lead. Driggers most recently served as the Assistant Director for the Integrated Operations Division at the US Cybersecurity and Infrastructure Security Agency (CISA).
Update: SonicWall has chosen Globalization Partners' Employer of Record (EOR) platform to hire talent. Globalization Partners stated that it "enabled SonicWall to both successfully support existing team members around the globe and hire the talent they needed within the highly skilled Eastern Europe market." Bryce Ashcraft, SonicWall's Vice President of Global Human Resources, stated, "We’ve gone through several strategic changes to respond to a rapidly changing cybersecurity market, particularly in our sales organization. Making that shift meant hiring a large global talent pool with the skill sets to match our evolving needs."