At a glance.
- Twitter accepts Musk’s $44 billion bid.
- SonarSource raises $412 million.
- US Cyber Command awards $60 million contract to Sealing Technologies.
Mergers and acquisitions.
Twitter has accepted Elon Musk’s $44 billion deal to take over the company and go private. Musk says that he “wants to make Twitter a better user experience, in part by adding new features and fighting spam.”
Columbia, Maryland-based cyber exposure company Tenable has signed an agreement to acquire external attack surface management (EASM) company Bit Discovery. The company said, “Combining Tenable’s market-leading Cyber Exposure solutions with Bit Discovery’s EASM capabilities will provide customers with a differentiated 360-degree view of the modern attack surface – both inside out and outside in – to identify and eliminate areas of known and unknown security risk.”
Investments and exits.
Switzerland-based clean code platform SonarSource announced that it has raised $412 million from new and existing investors, led by Advent International and General Catalyst, with existing investor Insight Partners participating, as well as Permira’s Growth Opportunities Fund. The company stated that it will use the funding to “grow its go-to-market team globally as the company drives toward $1 billion in revenue.”
Israeli web application protection company Source Defense has raised $27 million in Series B funding, led by Springtide Ventures with all existing investors also participating, including Jerusalem Venture Partners (JVP), AllegisCyber Capital, Global Brain, Connecticut Innovations, Inc., NightDragon, LLC, and Capital One Ventures. Dan Dinnar, CEO of Source Defense, stated, “Organizations spend a lot of time and effort to make sure their websites are well designed, coded, and performing before going live, yet so many of them know so little about what actually happens on their website once it leaves the server-side and reaches the visitor’s browser (client-side), even though it is one of their most important assets both financially and brand-wise. Source Defense not only identified this as a major and growing issue very early on but partnered with some of the world’s largest and most trusted brands to put a real-time halt to any attempts at digital skimming, formjacking, clickjacking, ad injection, PII theft, and content defacement.”
Maryland-based Privacy Enhancing Technology company Enveil has raised $25 million in Series B funding, led by USAA with contributions from existing investors, including Mastercard, Capital One Ventures, C5 Capital, DataTribe, In-Q-Tel, Cyber Mentor Fund, Bloomberg Beta, GC&H, and 1843 Capital. Ellison Anne Williams, Founder and CEO of Enveil, said, "We leverage breakthroughs in Privacy Enhancing Technologies to bridge the gap and unlock the data value the market demands. We’re excited that this investment will accelerate our ability to take our proven capabilities to a broader range of industries, regions, and use cases."
Israeli portfolio management startup SeeMetrics has raised $6 million in seed funding led by Jonathan Legh’s Work-Bench venture capital outfit, with additional investments coming from 8VC, AGP, Essence VC, K5 Global and Verissimo. The company describes itself as a “security portfolio management platform that consolidates all metric data from across the CISO organization, helping security teams monitor the performance and efficiency of their portfolio.”
South American startup Strike Security has raised $5.4 million in seed funding led by Greyhound Capital, with participation from FJ Labs, Canary, NXTP, VentureFriends, Magma Partners, Latitud and Orok Ventures. The company’s founder said, “the plan is to build a plug-and-play platform for small businesses to purchase access to some of the best white-hat hackers in the world for what Strike Security calls ‘perpetual pentesting.’”
Alert Logic has named Onkar Birk the Alert Logic Managing Director for HelpSystems. Birk previously served as Chief Operating Officer and Chief Technology Officer for Alert Logic until the company’s acquisition by HelpSystems.
Companies in the news.
US Cyber Command has awarded a nearly $60 million contract to Sealing Technologies to conduct cyber defense operations abroad. The award is for “hunt-forward” operations, meaning that teams will be sent from the Cyber National Mission Force to foreign nations to hunt for threats on their networks at the invitation of host nations. The company stated, “SealingTech’s kit is designed to be modular so it can be configured for mission requirements and optimized for enhanced performance characteristics.”