At a glance.
Google acquires Siemplify.
Snyk is reportedly preparing for an IPO.
HUMAN Security raises $100 million.
Mergers and acquisitions.
TechCrunch reports that Google has acquired Israeli security orchestration, automation, and response (SOAR) company Siemplify for $500 million. Sunil Potti, VP/GM of Google Cloud Security, stated, "We plan to invest in SOAR capabilities with Siemplify’s cloud services as our foundation and the team’s talent leading the way. Our intention is to integrate Siemplify’s capabilities into Chronicle in ways that help enterprises modernize and automate their security operations."
Indian IT consulting giant Wipro is acquiring Austin, Texas-based cybersecurity consultancy Edgile for $230 million, CRN reports. Wipro stated in its press release, "Together, Wipro and Edgile will develop Wipro CyberTransform™, an integrated suite that will help enterprises enhance boardroom governance of cybersecurity risk, invest in robust cyber strategies, and reap the value of practical security in action. In collaboration with an extensive roster of alliance partners from Wipro and Edgile, Wipro CyberTransform™ will enable organizations to accelerate their digital transformation and operate in virtual, digital supply chains — all in a highly secure manner."
Boston-based threat intelligence firm Recorded Future has acquired Los Angeles-based attack surface monitoring company SecurityTrails for $65 million, TechCrunch reports. Recorded Future stated, "With this acquisition, Recorded Future will be launching its Attack Surface Intelligence Module within the Recorded Future Intelligence Platform. Existing Recorded Future clients will also continue to gain insight from SecurityTrails data in other existing Intelligence Modules, incorporated through the company's Intelligence Graph, and the company will continue to aggressively invest in SecurityTrails' Total Internet Inventory™ collection and intelligence capabilities to build out the world's deepest, real-time dataset of the internet."
Toronto-based cybersecurity firm Herjavec Group has merged with Kansas-based security-as-a-service company Fishtech Group, CRN reports. Robert Herjavec, founder and CEO of Herjavec Group, will lead the combined company, the name of which will be announced in early 2022. Herjavec stated, "We are very impressed by Fishtech’s MDR [managed detection and response] offerings and its proprietary platform built on Google Chronicle, which we consider highly differentiated. Jointly, we want to double down on the investment behind this market-leading solution and strengthen what are already deep partnerships." The company says, "At the time of the merger, the new organization brings together more than 600 security professionals operating out of 6 security operations centers (SOCs): Kansas City, Toronto, London, Ottawa, Arkansas, and Bangalore. The combined company will have one of the largest managed security engineering teams under one roof - entirely dedicated to delivering innovative solutions to enterprise clients."
Investments and exits.
Bloomberg reports that Boston-based developer security platform provider Snyk is preparing for an IPO in mid-2022. Bloomberg cites anonymous sources as saying that the company "is expected to target a market value greater than its last valuation of $8.6 billion from September."
New York City-headquartered bot mitigation company HUMAN Security (formerly White Ops) has raised $100 million in a funding round led by WestCap, with participation from NightDragon and other existing investors. Tamer Hassan, co-founder and CEO of HUMAN, stated, "This round of funding will support the continued growth of HUMAN into new regions of the world and continued expansion of the product portfolio into new use cases in security and anti-fraud."
Arizona-based mobile security hardware company Privoro has raised $30 million in a Series B round led by an affiliate of Tracker Capital Management, LLC. The company says the funding "will be used to help the company continue to scale its team, products, and operations to meet demand for its unique hardware-backed mobile device protections."
Palo Alto, California-based zero-trust security company Appaegis has secured $7.7 million in a seed funding round led by Taiwania Capital, with participation from TSVC, 500 Global, Alumni Ventures, Cyber Mentor Fund, First In, LDV Partners, and Silicon Valley Future Capital. The company says the funding "will accelerate customer acquisition, increase the pace of innovation, and grow the team."
Dallas, Texas-based no-code security automation platform provider ContraForce has raised $2 million in a seed round from DataTribe. Stan Golubchik, CEO and co-founder of ContraForce, stated, "I am looking forward to working with DataTribe as we build on the ContraForce team's passion for simple and effective cybersecurity solutions designed for the needs of small and medium-sized businesses."