At a glance.
- Wyntec acquires Layer 8 Security.
- Skan raises $40 million.
Mergers and acquisitions.
Managed services provider Wyntec has acquired cybersecurity awareness training company Layer 8 Security, CRN reports. Both companies are based in Brisbane. Wyntec stated, "The merger will enable Wyntec and Layer 8 Security to expand their collective portfolio and create a one-stop-shop for clients to access end-to-end cyber security solutions. Together, they will provide cyber security governance, risk and training. This will be further complemented with cyber security implementation, along with support and monitoring. In this partnership, Wyntec will place a stronger focus on implementing cyber security solutions for their clients, specifically within the Microsoft stack. Layer 8 Security will focus on the ‘people’ element with cyber security awareness training, cyber escape rooms and risk and compliance solutions."
Arlington, Virginia-based Two Six Technologies has acquired Washington, DC-based cybersecurity research and engineering firm River Loop Security. Joe Logue, CEO of Two Six Technologies, stated, "River Loop has unique expertise and truly differentiated capabilities that are highly complementary to Two Six’s growth strategy. This combination of talent and capabilities creates the leading team in high-priority sectors and strengthens our ability to address the mission needs of our national security and commercial customers."
Synopsys and Juniper Networks have "closed a transaction to form a new, separate company that will provide the industry with an open silicon photonics platform to address the growing photonic requirements in applications such as telecom, datacom, LiDAR, healthcare, HPC, AI, and optical computing." The companies stated, "The new company will be jointly owned by Synopsys and Juniper, with Synopsys as the majority owner. The new company's results will be consolidated into Synopsys financials."
Investments and exits.
Menlo Park, California-based process intelligence platform provider Skan has raised $40 million in a Series B round led by Dell Technologies Capital, with participation from GSR Ventures, Liberty Global Ventures, and existing investors Cathay Innovation, Zetta Venture Partners, Citi Ventures, and Firebolt Ventures. According to VentureBeat, "The funding will also help improve product capabilities with an improved user experience and enhance capabilities for real-time compliance, operations, customer decision support and self-serve business intelligence."
Tel Aviv-headquartered attack surface management company Cyberpion has raised $27 million in a Series A round led by U.S. Venture Partners, with participation from existing investors Team8 Capital and Hyperwise Ventures. The company's CEO and founder Nethanel Gelernter says the company plans to double its headcount this year.
Israeli SaaS security platform provider Wing Security has emerged from stealth with a $26 million Seed + A funding round led by GGV Capital, S-Capital, Harmony Partners, and Silicon Valley CISO Investments Group. The company stated, "The funding will help Wing recruit top-notch talent to double its employee base, primarily in research and development, sales and marketing. This will allow the company to continue building the product offering, catering to the world’s leading organizations."
Santa Clara-California-based Airgap Networks has secured $13.4 million in a Series A round led by Storm Ventures, with participation from existing investors Cervin Ventures, Engineering Capital, and Sorenson Ventures.
Oakland, California-based SaaS application data security company Antimatter has raised $12 million in a Series A round led by NEA, with participation from General Catalyst, UNION Labs, and the founders of Snowflake, Okta, Dropbox, VMware, Segment, and Databricks. The company says it "will use this round to accelerate the hiring of its world-class engineering team as the company continues development of their full-scale infrastructure solution."
Washington, DC-based API security company Corsha has raised $12 million in a Series A round led by Ten Eleven Ventures and Razor’s Edge Ventures, with participation from 1843 Capital. The company says it "plans to use the new funding to invest heavily in API discovery and observability, integrations across the API ecosystem, and open-source tools to help application security teams get ahead of the API attack surface."
Austin, Texas-based human security startup Nudge Security has raised $7 million in a Series A round led by Ballistic Ventures. The company stated, "With investment from Ballistic, Nudge Security is expanding its team and engaging early access development partners."
Columbia, Maryland-based data-centric security operations platform QuoLab has secured a seed funding round from TEDCO. The company says the funding "will be utilized by QuoLab to enhance its operations, sales and marketing initiatives, grow its team and pave the way for future expansion opportunities."
- "The Honorable Christine H. Fox, Former Acting Deputy Secretary of Defense, and Former Assistant Director, Policy and Analysis, Johns Hopkins University Applied Physics Laboratory
- "General Carter F. Ham, USA (Retired), Former Commander, United States Africa Command, and Former President and CEO of the Association of the United States Army
- "The Honorable Deborah Lee James, Former Secretary of the United States Air Force
- "Admiral William H. McRaven, USN (Retired), Former Commander, United States Special Operations Command, and Former Chancellor of the University of Texas
- "Vice Admiral Peter V. Neffenger, USCG (Retired), Former Vice Commandant of the United States Coast Guard, and Former TSA Administrator, United States Department of Homeland Security."