More Signal. Less Noise.

V4 | Issue 27 | 7.13.22

Recorded Future acquires Hatching. Coalition raises $250 million in Series F funding.

Summary

By the CyberWire staff

At a glance.

Recorded Future acquires Hatching.
Coalition raises $250 million in Series F funding.

Mergers and acquisitions.

Intelligence company Recorded Future, headquartered in Boston, has acquired Netherlands-based malware analysis company Hatching. The company said of the acquisition, “With Hatching, Recorded Future extends its intelligence coverage with high-performance malware analysis, giving clients better visibility into active malware campaigns in the wild, improved attribution, and a critical edge against adversaries using malicious software to disrupt operations. The acquisition further delivers on Recorded Future’s strategy to provide the most comprehensive intelligence, empowering organizations to take fast, decisive action to deter and disrupt the adversary.”

Arizona-based security firm Cerberus Sentinel has acquired cybersecurity consulting and managed services firm CyberViking, located in Georgia and Oregon. “With the addition of CyberViking, we take a next step in expanding our international reach as well as broadening our expertise for our cybersecurity health care and industrial controls systems customers,” said David Jemmett, founder and CEO, Cerberus Sentinel.

Thales has acquired Netherlands-based customer identity and access management firm OneWelcome. Thales stated, "With this acquisition, Thales will offer a comprehensive Identity Platform that will allow organisations of all sizes to manage internal and external identities, enabling them to bring new businesses online fast, improving operational efficiency and customer experience along the way, while meeting or exceeding regulatory compliance."

Enterprise data privacy company Privitar has acquired data privacy regulation firm Kormoon. Both companies are based in London. Privitar stated, "Kormoon’s powerful technology will be used to extend the functionality of Privitar’s market-leading data privacy and provisioning offerings, adding new capabilities to quickly enable organizations to understand and comply with the rules governing data."

Investments and exits.

Cyber insurance and security provider Coalition, headquartered in San Francisco, has raised $250 million in Series F funding, with participation from Allianz X, Valor Equity Partners, Kinetic Partners, and other existing investors, putting the company’s valuation now at $5 billion. Joshua Motta, CEO and co-founder of Coalition, said, “Many organizations remain unprotected in the face of rising digital threats, and neither traditional insurance nor cybersecurity alone is well equipped to help them. Our active approach to underwriting, monitoring, and responding to digital risk has allowed Coalition to achieve market leading underwriting results while demonstrably reducing claims and losses for our customers so they can continue to thrive in the digital economy.”

Swimlane, a Denver-based security automation startup, has closed a $70 million Series C funding round, led by Activate Capital, with contributions from existing investors, Energy Impact Partners (EIP), and 3Lines Venture Capital. This round of funding brings the company’s total investments to $170 million. Swimlane plans on using the funding to accelerate growth and operations, while also investing in platform innovations.

Indianapolis-based edge computing company Scale Computing has raised $55 million in funding led by funds managed by Morgan Stanley Expansion Capital. The company says it "will use the new funds to expand their leadership position in edge computing, including investments in people, R&D, and restructuring of debt."

San Francisco-based private equity firm Vector Capital has closed a deal acquiring interests from previous shareholders for network security vendor WatchGuard Technologies, based in Seattle, making Vector Capital the majority owner of WatchGuard. Prakash Panjwani, CEO of WatchGuard Technologies, said, “Vector Capital has been an excellent partner over the last decade, and is intimately familiar with the company, employees, partners and our vision to be the security provider of choice to the MSP community. We have already had great successes together, and with this renewed investment, we are doubling down on empowering the MSP community with increased growth and platform innovation.”

Executive moves.

[redacted] has named Jim Hansen as its new CEO. The company's co-founder and former CEO Max Kelly will serve as executive chairman.

LogRhythm has appointed David Rizzo as Chief Technology Officer and David Kluzak as Chief Revenue Officer, and promoted Andrew Hollister to Chief Information Security Officer.

CyCognito has appointed Anne Marie Zettlemoyer as the company’s Chief Security Officer.

Secureworks has hired Michael Aiello As Chief Technology Officer.

CentralSquare has appointed Steve Cover as Chief Technology Officer.

Incode has hired Dean Hickman-Smith as Chief Revenue Officer.

Iron Bow Technologies has appointed Dan Muse as Chief Financial Officer.

Pindrop has named Kieran King as Chief Customer Officer.

Contrast Security has hired Ben Goodman as Senior Vice President of Corporate Development and Strategic Alliances.

Company news.

Comodo Security Solutions has rebranded to Xcitium and has launched its patented zero threat technology, ChannelLife Australia reports. The new offering fights ransomware and other malware, and eliminates potential damage by neutralizing threats without disruption of the customer’s workflow. Xcitium CEO Ken Levine said, "Xcitium differs from other endpoint solutions in that we isolate these threats completely, thereby eliminating their ability to execute and giving security professionals time to deploy any needed protection measures.”

Selected Reading

Marketplace

Funding To Cybersecurity Startups Dips Amid Market Turmoil (Crunchbase News) Funding to venture-backed cybersecurity firms remained high in the second quarter, but there are signs that it too is vulnerable to the VC slowdown.

Cybersecurity M&A Continues to Set Records (Mergers & Acquisitions) Through just the first quarter of 2022, cybersecurity saw 108 M&A transactions totaling a combined volume of $29 billion.

Cybersecurity M&A Roundup: 45 Deals Announced in June 2022 (SecurityWeek) 45 cybersecurity-related merger and acquisition (M&A) deals were announced in June 2022.

Privitar Announces Kormoon Acquisition, Extending Data Privacy and Provisioning Capabilities To Drive Automation of Data Compliance Requirements at Scale (Business Wire) Privitar, the leader in modern data provisioning, today announced it has acquired Kormoon, a software platform that helps organizations manage the complexities of data privacy regulations by analyzing data usage, assessing risk, and automating compliance.

Thales further accelerates its cybersecurity development with the acquisition of OneWelcome, a leader in Customer Identity and Access Management (Thales Group) Continuing its cybersecurity expansion strategy, Thales announces the signature of an agreement to acquire OneWelcome, a European leader in the fast growing market of Customer Identity and Access Management, for a total consideration of €100 million. OneWelcome’s strong digital identity lifecycle management capabilities will complement Thales’s existing Identity services (secure credential enrollment, issuance and management, Know Your Customer etc) in order to offer the most comprehensive Identity Platform in the market.

Booz Allen unveils $100M venture capital fund to back tech startups (Defense News) Booz Allen hopes to fund four to six emerging firms each year with its new venture capital fund, and reinvest money raised from those investments in future companies.

Oracle mulls $1bn in cost cuts, laying off thousands of employees (Computing) Two top Oracle executives are also departing in addition to the possible job cuts

How much can you make with an online master’s in cybersecurity? (Fortune) Cybersecurity professionals who earn a master's degree can earn a base salary of $200,000 in certain roles.

Recorded Future Acquires Hatching to Extend Intelligence Cloud Coverage with Malware Analysis (PR Newswire) Recorded Future, the world's largest intelligence company, today announced that it has acquired Hatching, the leader in malware analysis. With...

Dutch cybersecurity specialist Hatching acquired by US-based Recorded Future (Silicon Canals) Hatching provides an automated malware sandboxing technology. The company works on the latest malware analysis technology available in the security community.

Scale Computing Raises $55M in New Funding (Business Wire) Scale Computing raises $55M in new funding, led by funds managed by Morgan Stanley Expansion Capital.

Cyber insurance firm Coalition valued at $5 billion after fund raise (Yahoo) Private equity firm Thoma Bravo planned to acquire SailPoint Technologies for $6.12 billion, the cybersecurity firm said in April, underscoring heightened interest in the security software market. Allianz X, Valor Equity Partners, Kinetic Partners were among the investors in Coalition's series F round that brought the total capital raised by the firm to $755 million.

Startup Founded by Former Meta Crypto Execs Seeks $2 Billion Valuation (The Information) Mysten Labs—a startup founded by former Meta Platforms employees that is building a new blockchain for decentralized applications including gaming and social media networks—is in talks with investors about raising a Series B round of at least $200 million led by FTX Ventures, according to two ...

Netskope IPO: Latest Updates From the CEO (Investment U) Investors are awaiting information about the Netskope IPO after the CEO hinted at plans to go public in the near future.

WISeKey finalises its Class B share buyback (Paypers) Switzerland-based cybersecurity company <a href='https://www.wisekey.com/' target='_blank'>WISeKey</a> has announced it completed its Class B share buyback ...

Elon Musk Seeks to Abandon $44 Billion Twitter Deal (Wall Street Journal) The tech entrepreneur is seeking to terminate his deal to buy the social-media company, saying it hasn’t provided data he needs to assess the prevalence of fake accounts, according to a regulatory filing.

Twitter Sues Elon Musk to Enforce $44 Billion Merger (Wall Street Journal) Twitter sued Elon Musk over the billionaire’s attempt to walk away from his $44 billion takeover bid, seeking to force him to honor the terms of the deal.

Twitter Sues Musk After He Tries Backing Out of $44 Billion Deal (New York Times) The question of whether Elon Musk must buy Twitter, as he agreed to do in April, is headed to a court in Delaware.

Twitter tells employees not to tweet about Elon Musk deal (The Verge) Usually good advice for ongoing legal matters.

Google to Slow Hiring for Rest of This Year (Wall Street Journal) Chief Executive Sundar Pichai tells employees in memo to be “more entrepreneurial” as search giant becomes the latest tech company to either pull back on new hires or trim staff.

Microsoft confirms layoffs ahead of earnings (CRN Australia) Said “small number of employees” were let go in “strategic alignment".

Cybersecurity firms laying off employees despite increased threats (Washington Examiner) In part, concerns over the global economy are driving these decisions.

DoD Launches 'Hack US' Bounties for Major Flaws in Publicly Exposed Assets (SecurityWeek) The U.S. Department of Defense launches a limited bug bounty program to reward high- and critical-severity vulnerabilities in its publicly accessible information systems.

DIA posts network-centric warfare training sources sought (Intelligence Community News) On July 6, the Defense Intelligence Agency posted a sources sought notice for Network Centric Warfare training. Responses are due by 1:00 p.m. Eastern on July 20.

BlueVoyant UK Marks One Year of Impressive Momentum, Targeting Aggressive Growth with Senior Cyber Security Appointments (PR Newswire) BlueVoyant UK, an industry-leading cyber defence platform company converging internal and external security, today announced significant UK...

WatchGuard's new owner vows to 'double down' on MSPs (CRN) It was announced in April that Vector Capital had entered into a definitive agreement to acquire the interests of other shareholders, including Francisco Partners

Versa Networks ACE Partner Program Wins 2022 Visionary Spotlight Award for Channel Deployments of the Year (Business Wire) Versa Networks, the recognized secure access service edge (SASE) leader, today announced that ChannelVision Magazine has named its Versa ACE (Accelera

KnowBe4 Has Been Named the #1 Leader in the G2 Grid Summer 2022 Report in Two Categories (Yahoo) KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, today announced its PhishER product and its Kevin Mitnick Security Awareness Training (KMSAT) platform have been named the number one leader in the G2 Grid Summer 2022 Report for the fifth consecutive quarter and the 12th consecutive quarter, respectively.

Products, Services, and Solutions

CyberArk Launches Secrets Hub for AWS Secrets Manager (Business Wire) CyberArk Impact 2022–CyberArk (NASDAQ: CYBR), the global leader in Identity Security, today announced CyberArk Secrets Hub, a new Software-as-a-Servic

CyberArk Advances Identity Security Market with Unmatched Cybersecurity Innovation (Business Wire) CyberArk Impact 2022 – CyberArk (NASDAQ: CYBR), the global leader in Identity Security, is making several announcements today at the CyberArk Impact 2

Scale Your Threat Modeling Program with New SD Elements Capabilities (Security Compass) Building secure software necessitates a holistic approach to security, which includes bringing “secure by design” principles to life. The industry recognizes the benefits of performing threat modeling throughout the software development lifecycle(SDLC). Amid rising concerns about cyberattacks,industry and government organizations have been promoting more widespread adoption and offering guidelines to establish and mature threat modeling programs.

Cellebrite Rebrands Digital Intelligence Solutions Suite (AiThority) Cellebrite, the global leader in DI solutions for public and private sectors, announced it has rebranded the industry's most comprehensive

Akamai Linode now offers Kali Linux instances (ZDNet) Kali Linux, the Linux of choice for hackers and security pros, is now available on the Linode cloud.

BeyondTrust to Offer Its Entire Line of Identity and Access Solutions in AWS Marketplace (Yahoo) Customers benefit from a simplified procurement process through AWS Marketplace with flexible payment terms, consolidated billing, enterprise discounts and moreProvides flexibility to optimize identity and access security procurement with BeyondTrust’s entire solution portfolio ATLANTA, July 07, 2022 (GLOBE NEWSWIRE) -- BeyondTrust, the worldwide leader in intelligent identity and access security, today announced the availability of all of BeyondTrust’s solutions for customer purchase in AWS Mar

Wiz offers CVE-like cloud vulnerability registry, but will it gain traction? (CSO Online) The cloud vulnerability database, dubbed cloudvulndb.org and based on a GitHub repository, is seen as a welcome development, but widespread industry support is needed for it to be successful, analysts say.

Atera Launches New Integration with Malwarebytes (PR Newswire) Atera, a remote-first IT management company, today announced a new integration with Malwarebytes, a provider of real-time cyber protection....

Atera integrates with Malwarebytes to protect organizations against ransomware attacks (Help Net Security) Atera announced a new integration with Malwarebytes, a provider of real-time cyber protection, to combat malware.

Splashtop partners with Acronis to improve security for service providers (Help Net Security) Splashtop and Acronis announced a partnership that integrates solutions for secure remote access and support with Acronis Cyber Protect Cloud, an all-in-one data and cybersecurity protection platform.

Protecto and Snowflake help customers identify data protection issues (Help Net Security) Protecto brings artificial intelligence and privacy engineering to Snowflake so that joint customers can identify data protection issues.

Field Effect and RosettiStarr partner to deliver full-spectrum cyber security services to businesses and law firms worldwide (PR Newswire) Field Effect, a global cyber security company specializing in intelligence-grade protection for small and medium organizations, today announced...

Mercury’s advanced encryptor receives certification from National Security Agency (GlobeNewswire News Room) Powerful, miniature data-at-rest encryptor weighing less than a pound can be easily integrated into existing avionics systems, safeguarding sensitive data...

Purple Knight Introduces Azure AD Security Indicators | Semperis (Semperis) Purple Knight introduces Azure AD security indicators, supports MITRE D3FEND. Learn more in "Purple Knight Introduces Azure AD Security Indicators".

CISA and NPower offer free entry-level cybersecurity training (Help Net Security) NPower is looking for recruits for a free cybersecurity training program aimed at underserved populations in the US.

Talon Cyber Security Introduces First Secure Enterprise Browser for Mobile Devices to Bring Full Visibility and Security to All Endpoints Across Enterprise Environments (Talon Cyber Security) Talon Delivers Enterprise-Grade Security through Mobile Browser to Close Significant Gap in Endpoint Security Programs Tel Aviv, Israel – July 7, 2022 – Talon Cyber Security, the leading secure enterprise browser provider, today introduced TalonWork Mobile, a version of its TalonWork browser made specifically for mobile endpoints. With TalonWork Mobile, customers can extend secure access and...

Red Canary and Palo Alto Networks expand collaboration to provide detection and response across security landscape (PR Newswire) Red Canary, the Managed Detection and Response (MDR) trailblazer, has expanded its collaboration with industry leader Palo Alto Networks to...

What is ZuoRAT? | Allot's Network Security & IoT Blog for CSPs & Enterprises (ALLOT) Meet ZuoRAT, a remote access trojan that attacks via SOHO routers. Find out how it works, and what service providers and businesses can protect themselves.

Cato Networks launches cloud API to automate and monitor SASE deployments (FierceTelecom) Cato Networks is now offering its enterprise customers a cloud API to provision and manage their Cato SASE deployments from third-party platforms. The Cato Cloud AP automatically provisions new sites and policies while also monitoring Cato's network analytics and security events from security information and event managements (SIEMs) software and third-party applications.

Travelex reveals new pairing with ThetaRay FXCompared.com (FXcompared) Travelex, a major name in the tech and security field, has confirmed that it will work with a cross-border payments and foreign exchange provider. Read more about the international payments market with our money transfers news.

Cowbell Doubles Underwriting Capacity in a Multi-Year Program Agreement with Palomar (PR Newswire) Cowbell Cyber, the leading provider of cyber insurance for small and medium-sized enterprises (SMEs), today announced an agreement with Palomar...

SecurityScorecard and Conference of State Bank Supervisors Partner to Enhance State Financial Regulators’ Cybersecurity Oversight (Business Wire) SecurityScorecard and Conference of State Bank Supervisors Partner to Enhance State Financial Regulators’ Cybersecurity Oversight

Project slashes cost of OT cybersecurity for UK SMEs (Drives and Controls Magazine) A Welsh cybersecurity software developer has joined forces with Siemens to offer a low-cost OT (operational technology) security system for manufacturing...

Bitdefender Innovates Managed Detection and Response (MDR) with New Service Optimized for Organizations with Limited Resources (Bitdefender) MDR Foundations Delivers Prevention, Detection and Response, 24x7 Monitoring and Proactive Expert Threat Hunting

Dell’Oro Group Research Recognizes Aryaka as Delivering SASE with Unified Security and Network Connectivity (Business Wire) Aryaka®, the leader in fully managed SD-WAN and SASE solutions, today announced the company has been recognized by Dell’Oro Research Group as the newe

NeoSystems and Deltek Join Forces to Deliver Services in the Cloud (PR Newswire) NeoSystems, a full-service strategic outsourcer, IT systems integrator and managed services provider to the government contracting market, is...

FINOM Selects Resistant AI's Transaction Forensics to Strengthen its Money Laundering Defences (Resistant.AI) The Pan-European B2B Fintech Platform Can Now Prioritise In-house Alerts More Effectively While Adding Advanced Anomaly Detection

Keyfactor Launches EJBCA SaaS on Microsoft Azure (Keyfactor) The availability of EJBCA on Azure Marketplace allows customers to accelerate cloud migration.

Palo Alto Networks and HCL Technologies Announce Expanded Relationship to Secure Digital and Cloud Transformation for Global Customers (Palo Alto Networks) Offering next-generation cybersecurity solutions that bring Zero Trust to enterprise customers SANTA CLARA, Calif., July 12, 2022 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global...

Salt Security Joins AWS ISV Accelerate Program (PR Newswire) Salt Security, the leading API security company, today announced that it has been accepted as part of the Amazon Web Services (AWS) Independent...

GroupSense Announces New Managed Service Provider Partnership with Provelocity (PR Newswire) GroupSense, a digital risk protection company, today announced a new Managed Service Provider (MSP) partnership with Provelocity. The...

AvePoint Strengthens Security and Streamlines IT Operations for the Modern Workplace (GlobeNewswire News Room) Company’s latest cloud platform release addresses growing demand for multi-SaaS solutions helping make businesses more productive, compliant and secure...

Verint Launches Innovative Next-Generation Partner Program (Business Wire) Verint Launches Innovative Next-Generation Partner Program

Concentric launches new data privacy and cybersecurity solution Eclipse (CSO) Private risk consultancy firm says its new solution is designed to protect individuals, families, and teams from digital risks as cybercrime continues to plague organizations across the globe.

NETSCOUT Announces Omnis AIF for Smarter Automated DDoS Attack Blocking (Business Wire) NETSCOUT launches AI solution that blocks 90% of DDoS attack traffic

Deloitte Launches Zero Trust Access, a New Managed Security Service (Dark Reading) To help organizations adopt zero trust more quickly and efficiently, Deloitte is launching a new managed service – Zero Trust Access— that offers a cloud-native approach to securing communications between users, on any device, and enterprise applications, wherever they may reside

SecurityBridge’s SAP Platform Helps Schneider Electric Secure Their Cr (PRWeb) SAP security provider SecurityBridge—now operating in the U.S.—today announced Schneider Electric has selected the company’s SAP Security platform.

Cyber risk management platform Outpost24 joins forces with international investment firm Vitruvian Partners for further global expansion (Outpost 24) Outpost24, a leading innovator in identifying and managing cybersecurity threats and vulnerabilities, today announced it has partnered with Vitruvian Partners to power the Company’s next phase of growth.

DoControl Launches Open Authorization (OAuth) Applications Governance and Remediation Capabilities (PR Newswire) DoControl, the automated Software as a Service (SaaS) security company, today announced the launch of its OAuth governance and remediation...

NINJIO Partner Program Enables Solution Providers to Deliver Cybersecurity Behavior Change (NINJIO) High-growth security awareness training and behavior modification company offers channel partners the best opportunities to keep their clients safe from cyberattacks.

People

LogRhythm Announces Strategic Expansion of Executive Leadership Team (LogRhythm) LogRhythm, the company helping busy and lean security operation teams defend against cyberthreats, has appointed three new members to the executive leadership team. LogRhythm welcomes David Rizzo as the chief technology officer and David Kluzak as chief revenue officer, and promoted Andrew Hollister to chief information security officer.

Iron Bow Technologies Appoints Dan Muse as Chief Financial Officer (Business Wire) Iron Bow Technologies, the leading technology solutions provider to government, commercial, and healthcare markets, today announced the appointment of

CyCognito hires Anne Marie Zettlemoyer as CSO (Help Net Security) CyCognito announced the appointment of security veteran Anne Marie Zettlemoyer as Chief Security Officer (CSO).

Netskope focuses on network transformation with ‘elite’ advisory group (ComputerWeekly.com) Network technologies provider announces formation of Network Visionaries group featuring former AWS, Crowdstrike execs to offer cloud, hyperscale, security and networking expertise.

[redacted] Appoints Jim Hansen as CEO to Drive Next Phase of Company Growth (BusinessWire) Mandiant co-founder Jim Hansen joins [redacted], Inc. as CEO. Former CEO Max Kelly elevated to executive chairman to advance company's mission.

Mastermind behind Broadcom’s VMware buy exits company (Register) Chip giant takes an add Hock approach

Industry veteran takes regional leadership role at Palo Alto Networks (Back End News) Cybersecurity solutions firm Palo Alto Networks has picked Steven Scheurmann to oversee its business in the Asean region assuming the role of regional vice president. Scheurmann is tasked to develo…

Incode Makes Strategic Hire to Further Accelerate Growth and Global Adoption (Business Wire) Incode, the next-generation identity verification and authentication platform for global enterprises, today announced that Dean Hickman-Smith has join

Secureworks Appoints Michael Aiello As Chief Technology Officer (Secureworks) Former Product Lead for Google Cloud Security Will Accelerate Growth as Business Transformation Continues

Pindrop Welcomes Talkdesk’s Kieran King as Chief Customer Officer (Business Wire) Pindrop, a global leader in voice technology, today announced the appointment of Kieran King to the role of Chief Customer Officer. King’s 25-plus yea

CentralSquare Names Steve Cover Chief Technology Officer (Business Wire) CentralSquare Technologies, an industry leader in public sector technology, announced the appointment of Steve Cover as Chief Technology Officer. Cove

Space cybersecurity firm SpiderOak adds retired general Pawlikowski to its advisory board (SpaceNews) Space cybersecurity firm SpiderOak on July 12 announced the appointment of former DoD and military officials to its advisory board.

Contrast Security Expands Executive Team with Senior Vice President of Corporate Development and Strategic Alliances (Yahoo Finance) Contrast Security (Contrast), the leader in code security that empowers developers to secure-as-they code, today announced the appointment of Ben Goodman, who will serve as the company's Senior Vice President of Corporate Development and Strategic Alliances.