At a glance.
- SentinelOne acquires Attivo Networks.
- YL Ventures launches $400 million fund to highlight Israeli innovation.
Mergers and acquisitions.
Mountain View, California-based autonomous cybersecurity platform company SentinelOne has announced the completion of its acquisition of Attivo Networks, an identity security and lateral movement protection company. The company stated, “With this acquisition, SentinelOne extends Singularity XDR capabilities to identity-based threats across endpoint, cloud workloads, IoT devices, mobile, and data wherever it resides, setting the standard for XDR and accelerating enterprise zero trust adoption.”
Ontario-based digital investigation solution developer Magnet Forensics announced the acquisition of cybersecurity software firm Comae Technologies. Adam Belsher, chief executive officer of Magnet Forensics said, “Memory analysis plays a critical role in incident response investigations because it allows enterprises and public safety agencies to recover buried evidence and understand what happened on devices involved in cyber incidents. Very few organizations have the expertise and knowledge to develop memory analysis solutions. With Comae’s platform and the help of its memory analysis experts, Magnet Forensics can address a growing need for our customers while continuing to build on our comprehensive digital investigation platforms.”
Louisiana-based managed IT services provider The Purple Guys announced the acquisition of Indiana-based managed IT services provider, Accelerate. Kevin Cook, CEO of The Purple Guys said, “Since founding Accelerate, Tony Schafer has done a tremendous job building a highly qualified, professional team focused on providing best in class IT support and services to long tenured, loyal clients. We are thrilled that the talented Accelerate team will be joining The Purple Guys as we look to expand our presence in this attractive and growing market."
Investments and exits.
Israel and Silicon Valley-based early-stage, cybersecurity-focused venture capital firm YL Ventures announced the launch of its new $400 million fund, YLV V. This fund is the largest seed stage cybersecurity-focused fund ever raised and focuses on bridging the gap between Israeli innovation and the US market. The firm said, “This large fund will be used to both lead the seed rounds of approximately 10 startups at a pace of 3 startups per year, and to invest in the companies’ follow-on rounds, creating a strong support mechanism and providing entrepreneurs with a long and stable runway for growth regardless of the market environment.”
San Francisco-based AI cloud-native email security platform Abnormal Security raised $210 million in Series C funding, led by Insight Partners, with participation from Greylock Partners and Menlo Ventures. The company reports that it is now valued at $4 billion, putting the startup in unicorn status. Abnormal Security’s CEO and co-founder Evan Reiser said, “The current investment will allow us to accelerate our AI platform innovation to better protect our customers and continue our growth in Europe, Asia and Japan.”
Ontario-based zero trust enterprise VPN provider Tailscale announced that it has raised $100 million in Series B funding, led by CRV and Insight Partners, with participation from existing investors Accel, Heavybit, Uncork Capital, and angel investors. The company said that it will use the new funds to “expand its employee base, accelerate growth, and invest in go-to-market and strategic partner initiatives.”
California-based Salesforce DevSecOps company AutoRABIT announced that it has raised $26 million in Series B funding, led by Full In Partners. Meredith Bell, CEO of AutoRABIT stated, “The capital we've raised with this new funding round will enable us to continue developing product capabilities to meet the security and regulatory compliance needs of our customers, while enabling them to develop faster and release more features to their own customers and stakeholders.”
California-based autonomous data security company Concentric AI announced that it has raised $14.5 million in Series A funding, led by Ballistic Ventures. The company said that it will use the funding to “grow its existing roster of corporate customers through expanded sales and marketing efforts and extend its solution to protect an expanding menu of content, locations, and use cases.”
Virginia-based startup Hubble Technology has raised $9 million in seed funding for their asset visibility platform, led by Paladin Capital Group, with Accel and CrowdStrike’s Falcon Fund also investing. The company stated that the new funding will be used to “expand its engineering operations and scale the business to support the company’s global ambitions.”
Executive moves.
Blackpoint Cyber has announced the hiring of David Rushmer as Director of Threat Research.
Zscaler has hired John Milionis as Australia and New Zealand Channel Chief.
Kyndryl has appointed Yolanda Stead as head of alliances in Australia and New Zealand.
CyberArk has appointed Simon Mouyal as Chief Marketing Officer.
QinetiQ has hired Steve Iwicki as Executive Vice President and General Manager for its "C5ISR" business unit in the United States.
Splunk has appointed Katie Bianchi as Senior Vice President and Chief Customer Officer.
ExtraHop has hired Duncan Butchart as its area Vice President for Northern EMEA (Europe, Middle East and Africa), and Karl Werner as area Vice President for the Central and Southern Europe region.
General Dynamics Information Technology (GDIT) has appointed Matt Hayden as Vice President of Cyber Client Engagement.
Netskope has appointed David Fairman as the CIO of Asia Pacific and Japan region.
NCC Group has appointed Mike Maddison as its new CEO.
Radware announced the appointment of Meir Moshe as an independent director on the company’s board of directors.
Cyberpion announced the appointment of Tamir Hardof as Chief Marketing Officer and Michael Groskop as Chief Product Officer.
Cover-More Group has hired Matthew Townend as Head of Cyber Security.
Onapsis announced the appointment of Simon Naylor as Vice President, Asia Pacific.
Snyk has hired Adi Sharabani as Chief Technology Officer.
KSOC has announced a new executive advisory board, which includes:
- Andrew Peterson - Chief Executive Officer and Co-Founder of Signal Sciences
- Chris Aniszcyk - CTO at CNCF
- Dineshwar Sahni - Director of Product Security at Visa
- Eric Hussey - Vice President and Global Chief Information Security Officer at Aptiv
- James Brown - Senior Director of Infrastructure & Security at Invoca
- Mark Manning - Security Architect at Snowflake
- Rajendra Umadas - Senior Manager of Platform Security at ActBlue
- Zane Lackey - Co-Founder of Signal Sciences and KSOC angel investor
Arcanna.ai has hired a new executive team and board of strategic advisors. The executive team includes:
- Chief Executive Officer Petrica Ruta
- Chief Technology Officer Bogdan Perian
- Chief Product Officer Calin Cornigeanu
- Chief Operating Officer Cristian Ruta
- Chief Information and Security Officer Catalin Popescu
The board of strategic advisors includes:
- John N. Stewart, former Cisco chief security & trust officer
- Andreas Enotiadis, 25-year Cisco veteran
- Alex Panait, digital innovation director at PwC
- Andrei Golesteanu, vice president of human resources for NYC Alliance
- Bob Dimmico, senior vice president of engineering at Riskalyze
- Gerard Lithgow, general manager of sales for World Wide Technology
- Mike Krygier, former Deputy CISO of New York City, Chief Technology Officer for Google's public sector - Canada
Company news.
San Jose, California-based data management company Cohesity has announced the availability of their SaaS data isolation and recovery solution known as Cohesity FortKnox. The service helps minimize the impact of cyber attacks on organizations, providing an additional layer of off-site protection. Cohesity CISO Brian Spanswick explains, “Cyber resilience is a top business priority for organizations. Providing off-site data isolation through this SaaS offering is another way we are helping customers combat increasingly sophisticated attacks and accelerate recovery, while also enabling SecOps and compliance teams to sleep better at night.”
Boston-based Hewlett Packard Enterprise company Zerto has announced major product updates, including immutability, a new Zerto Linux appliance, expanded integration with Google Cloud platform, and instant file restore for Linux. VP of products at Zerto, Deepak Verma, stated, “Organizations face increased risks from the volume and sophistication of ransomware attacks prevalent today. With the capabilities we have added to the latest Zerto platform, customers are better positioned to meet new challenges head-on and mitigate their impact by recovering more quickly and with confidence.”
Minnesota-based security operations company Arctic Wolf announced the launch of Arctic Wolf Labs, a research division of the company focusing on advancement in innovation in security operations. Arctic Wolf Labs will comprise a team of Arctic Wolf’s security and threat intelligence researchers, data scientists, and security development engineers, and will be led by seasoned security R&D executive Daniel Thanos. Dan Schiappa, chief product officer of Arctic Wolf, said, “The Arctic Wolf Security Operations Cloud fuels a powerful data and automation flywheel. As more customers use our solutions, the network effects of our AI-enabled data pipeline continuously enhance our threat detection and prevention capabilities. The research that Daniel and the Arctic Wolf Labs team intend to conduct we believe will be instrumental in further accelerating this flywheel, helping enable our customers to stay ahead of threat actors and their novel attack techniques.”
