At a glance.
- Resecurity to acquire Cybit Sec.
- Island raises $115 million in Series B funding.
Mergers and acquisitions.
Los Angeles-based cybersecurity company Resecurity has announced its acquisition of United Arab Emirates-based vulnerability assessment and penetration testing (VAPT) startup Cybit Sec. Gene Yoo, CEO of Resecurity, said, "Resecurity is built on a deep understanding of emerging cyber threats and the opportunity to use Big Data and Artificial Intelligence (AI) to improve threat detection and response. Cybit Sec's expertise and research capabilities complement our strengths and position. Adding Cybit Sec to our portfolio will allow us to accelerate our expansion in the Middle East and build out our research and threat intelligence technologies in the long term.”
Investments and exits.
Island, the creator of the Enterprise Browser, has raised $115 million in Series B funding, led by Insight Partners, with participation from Stripes and Sequoia Capital. Island’s headquarters can be found in Dallas, Texas. “New investment from Insight Partners and increased investment from our original funding partners validates our product-market fit, accelerates our momentum, and highlights the huge opportunity in front of us,” said Mike Fey, Island CEO and Co-Founder.
Edge orchestration and virtualization software firm Zededa, headquartered in San Jose, California, has raised $26 million in Series B funding, with contributions from Almaz Capital, Coast Range Capital, Chevron Technology Ventures, EDF North America Ventures, Energize Ventures, Juniper Networks, Porsche Ventures, Rockwell Automation, and Samsung Next. The company says that it plans to use the funding to accelerate its research and development, attract customers, and grow its marketing and sales teams.
Security operations platform Anvilogic, based out of Palo Alto, California, has raised $25 million in Series B funding, led by Neuberger Berman, with participation from Xerox Ventures, G Squared, Foundation Capital, Point72 Ventures, and Cervin Ventures. The company says that its platform promises to streamline and automate manual cybersecurity tasks for security operations center (SOC) teams.
Massachusetts-based data security startup Sotero has raised $8 million in funding, led by OurCrowd, with contributions from Boston Seed Capital, Gutbrain Ventures, and PBJ Capital. Sotero Co-Founder and CEO Purandar Das says the funding will be used to “advance research and development to secure unstructured data, in addition to the structured and semi-structured data,” as well as accelerate growth in the United States.