At a glance.
- Avast acquires Evernym.
- Sysdig raises $350 million.
Mergers and acquisitions.
Prague-based antivirus firm Avast has acquired Seattle-headquartered digital identity company Evernym. Avast's CEO Ondrej Vlcek stated, "Our vision for digital freedom is to enable people to manage and retain control over their personal data so that they can interact and transact safely, privately and with confidence. Decentralized digital identities are a key component of that vision. Adding Evernym's groundbreaking self-sovereign identity technology to our offering enables us to address this area and is a huge step forward in the realization of a digital world where decentralized, portable identities are available universally and globally."
GitLab has acquired open-source observability company Opstrace. GitLab stated, "GitLab anticipates that this acquisition will provide an out-of-the-box, tested, integrated observability platform deployed within the GitLab DevOps Platform."
Investments and exits.
San Francisco-based DevSecOps company Sysdig has raised $350 million in a Series G round led by Permira, with participation from Guggenheim Partners, Accel, Bain Capital Ventures, DFJ Growth, Glynn Capital, Goldman Sachs, Insight Partners, Next47, and existing investors PremjiInvest and Third Point Ventures. According to Crunchbase News, "The company plans on using the new funds—and its previous Series F which is still in the bank—to triple its sales and marketing department, as well as for continued development on the platform and to grow geographically."
Palo Alto, California-headquartered API security firm Noname Security has raised $135 million in a Series C round led by Georgian and Lightspeed, with participation from existing investors Insight Partners, Cyberstarts, Next47, Forgepoint, and The Syndicate Group (TSG). The funding brings the company's valuation to $1 billion. Noname says the investment "will fund the global expansion of Noname Security’s go-to-market and R&D teams."
Sunnyvale, California-based API security firm Cequence Security has raised $60 million in a Series C round led by Menlo Ventures, with participation from ICON Ventures, Telstra Ventures, HarbourVest Partners, and existing investors Shasta Ventures, Dell Technologies Capital, and T-Mobile Ventures. Cequence stated, "The funding will support new enhancements to Cequence’s API security solutions and the expansion of its product offerings. It will also help the company break into new regions in the United States and Europe, as well as new markets in Asia and Australia. In turn, Cequence will be looking to aggressively hire and grow its team within these geographies. As part of the transaction, Venky Ganesan of Menlo Ventures will also join the company’s board."
Palo Alto, California- and Israel-based cloud security remediation company Dazz has raised a total of $60 million in a Series A round and a previously undisclosed seed round. The funding was led by Insight Partners, Greylock Partners, Index Ventures, and Cyberstarts. The company stated, "Dazz already has 30 employees — among the top engineering talent in Israel — and plans to use the new funds to expand the team to 50. It also plans to use the funds to build a go-to-market and operations organization of similar size, including sales, marketing, customer success and operations in the United States, targeting Fortune 500 and fast growing tech companies."
Menlo Park, California-based IoT security company Afero has raised $50 million in a Series C round led by Crosspoint Capital Partners, with participation from Home Depot. TechCrunch says "the company is going to do some hiring with its new capital. It also plans to invest in its go-to-market efforts — more spending on marketing, sales and so forth."
Palo Alto, California-based data protection and response company Cyberhaven has raised $33 million in a Series B round led by Redpoint Ventures with participation from Forgepoint Capital, and existing investors Vertex Ventures US, Costanoa, and Crane. The company's CEO Howard Ting stated, "Cyberhaven already provides a unique combination of lightweight endpoint footprint with the industry’s deepest endpoint analysis, and this funding allows us to accelerate more innovations in this area."
San Francisco-based AI firewall company Robust Intelligence has raised $30 million in a Series B round led by Tiger Global, with participation from existing investors Sequoia Capital, Harpoon, and Engineering Capital. According to TechCrunch, "The company plans to use the new funding to scale its sales operations, but the majority will go to product and engineering."
Chicago-based managed detection and response firm UncommonX has added $9.5 million to its Series A round, bringing the round's total funding to $36 million. The funding was led by "by a mix of private investments by individual investors including current UncommonX Chairman Chris Galvin." The company stated, "In addition to financing the new UncommonX Labs division, the investment will help UncommonX continue to scale its incident response capabilities, 24/7 security operations center as well as marketing and sales operations."
Israeli SaaS security startup Atmosec has emerged from stealth having raised $6 million in a seed funding round led by Glilot Capital Partners and Battery Ventures, with "additional funding from the Co-Founders of Armis, Yevgeny Dibrov (CEO) and Nadir Izrael (CTO); Wiz Co-Founder and CEO, Assaf Rappaport and Ofer Ben-Noon, Co-Founder and CEO of Talon Cyber."
Kirkland, Washington-headquartered software supply chain security startup Chainguard has raised $5 million in a seed funding round led by Amplify Partners. According to SecurityWeek, the funding "will be used to create open-source technology to make the software supply chain secure by default."
New York City-headquartered data loss prevention company Polymer has raised $4 million in a seed round led by Story Ventures, with participation from Indicator Ventures, Studio VC, Green Egg Ventures, Maccabee Ventures, Value Acceleration Group, Tensility Venture Partners, Motivate Venture Capital, and Inspiration Ventures. According to VentureBeat, "Using the funding, the company plans to expand from its current nine-person team to 22 employees within six months’ time. In 2022, the company will focus on expanding its sales in part through working with indirect partners including managed security service providers, managed service providers, and resellers."
Blumira has named Jim Simpson as its new CEO. Simpson previously served as Blumira's Vice President of Product. The company's former CEO and co-founder Steve Fuller will serve as Chief Strategy Officer.
TripleBlind has hired Jay Smilyk as Chief Revenue Officer, Suraj Kapa as Senior Vice President of Healthcare, Tim Massey as Vice President of Product & Customer Success, and Siddhartha Banerjee as Director of Business Development.