More Signal. Less Noise.

V4 | Issue 29 | 7.27.22

Resecurity to acquire Cybit Sec. Island raises $115 million in Series B funding.

Summary

By the CyberWire staff

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.

Executive moves.

Sonatype has appointed Larry Quinlan to its Board of Directors and Steve Levitt as its Chief Revenue Officer.

Gluware has hired Terry Healey as Vice President of Sales Acceleration Marketing.

SureCloud has appointed John Hawkins as Chairman of the Board.

BOXX Insurance has appointed Eric Newman as its Chief Operating Officer and Steve Penney as Chief Technology Officer.

Incode is expanding its executive team, hiring Andre Stewart as Vice President, Europe, Middle East, and Africa (EMEA) and Shane Moore as Vice President, North America.

One Identity has appointed Mark Logan as its first ever Chief Executive Officer.

Barracuda Networks has appointed Philippe Cazaubon as Regional Director for Southeast Asia and Korea.

Conceal has appointed General Sir Chris Deverell, former Commander of the UK’s Joint Forces Command, to its Board of Advisors.

Accenture Federal Services has hired Jarrett Booz as a Senior Manager.

XONA has appointed Roneeta Lal as Head of Channel Sales for the company.

Deep Instinct has hired Carl Froggett as the company’s Chief Information Officer.

Anne Cutler, formerly of CISA, has joined Keeper Security as Director of Global Communications.

Notes.

An early version of this news briefing discussed VMware's acquisition of Carbon Black. That was an older story inadvertently incorporated into the week's news.

Selected Reading

Marketplace

EY launches cybersecurity centers in NZ amidst rising cyber threats (SecurityBrief New Zealand) EY says its launching two of its globally recognised cyber security centers, one in Auckland and the second in Wellington, with a potential third in Christchurch.

Zuckerberg has a plan to rescue Meta, but can he convince his own employees? (The Verge) "Realistically, there are probably a bunch of people at the company who shouldn’t be here."

Startups That Hired Rapidly Learn the Virtue of Slowing Down (The Information) Sometimes slow and steady does win the race. Startups that raised a lot of money during the boom years—and avoided spending sprees—now look smart as venture funding dries up. One measure of whether startups will be able to outlast the current downturn is how many people they’ve hired relative to ...

Zscaler downgrade hits cyber security stocks as BTIG sees signs of slowdown (NASDAQ:ZS) (SeekingAlpha) Zscaler (ZS) shares more than 9% on Tuesday as investment firm BTIG downgraded the cyber security company, hitting other stocks in the sector.Analyst Gray Powell noted that Zscaler...

Addressing the cyber skills gap (teiss) The Great Resignation might represent a challenge to the cyber security industry, it’s also an opportunity to rethink how we do things

CrowdStrike said to target $2B acquisition of Israeli company (NASDAQ:CRWD) (SeekingAlpha) CrowdStrike (CRWD) is said to be close to announcing the acquisition of an Israeli company for as much as $2 billion. CrowdStrike is set to be setting up a large R&D center base on a...

Resecurity acquires Cybit Sec to expand its threat intelligence capabilities in the Middle East (Help Net Security) Resecurity has acquired Cybit Sec, a vulnerability assessment and penetration testing (VAPT) company based in the United Arab Emirates (UAE).

DoJ okays Google's acquisition of Mandiant (Register) Plus: Ukrainian fake news and Uber admits covering up data breach

Google fires engineer who said company's AI is sentient (Computing) Blake Lemoine became convinced that the LaMDA tool was sentient and had feelings

New pathway for budding cybersecurity professionals (Technology Decisions) A new partnership between industry and education and training providers is offering an alternative pathway to the cybersecurity industry.

Pegasus sold to 14 EU governments (CyberNews) Half of the EU member states have purchased the infamous Pegasus spyware, the EU delegation said after it visited Israel.

NSO Group’s Pegasus crashes as Apple initiates Dignity and Justice Fund (CSO Online) The failed sale of NSO Group to L3Harris raises concerns about who will own its surveillance technology, while Apple takes steps to hold surveillance firms accountable.

General Dynamics to Support USAF Cyber Network in Europe, Africa (Military Africa) Virginia-based IT management firm General Dynamics Information Technology (GDIT) has been selected as the network provider and support for the US Air Force in Europe and Africa, according to the Department of Defense. The $908-million IT network services deal is expected to be completed in July 2027. An optional three-year extension could run through July […]

Shielding up: Why cybersecurity is a booming industry (The Times of India) Spotlight News: The Internet of things, without security, is the internet of threats. It doesn’t take an expert to decode this when the news of breach after breach hi

Devo Expands SciSec Team with Data Science Leaders to Accelerate Delivery of Autonomous SOC (Devo) Devo names data-science experts Kevin Zhou and Chaz Lever to leadership positions on its SciSec threat research team.

Microsoft closes unfilled job openings in cloud and security (Register) Despite growth and strong demand in these areas, Redmond keeps trimming investment

VIPC’s Virginia Venture Partners’ Investment in Fend Fosters Cybersecurity Solutions For Critical Infrastructure (EIN News) Specialty hardware focuses on developing innovative solutions that protect critical assets against cyberattacks

Halborn Raises $90M in Series A Funding (FinSMEs) Halborn, a Miami, FL-based cybersecurity firm serving both traditional finance and blockchain-based clients, raised $90M in Series A funding

Ex-Manhattan DA Vance Targets Cyber ‘Pandemic’ in Second Act (Bloomberg Law) Cyrus Vance Jr., the former Manhattan District Attorney, is using his new job to try to get cities and companies to work together to fend off cyber attacks.

Microsoft partners with AustCyber to provide a unique pathway for budding cybersecurity professionals (Microsoft Australia News Centre) Microsoft has partnered with AustCyber and other leading education and training providers to offer Australians a credible alternative pathway to enter the cybersecurity industry.

As US struggles to fill cyber defense jobs, Australia works to keep talent at home (C4ISRNet) Australia's artificial intelligence industry leaders point to a gap in the defense workforce at July 20 summit.

Microsoft Cuts Many Open Job Listings in Weakening Economy (Bloomberg) Company slows its hiring in businesses like Azure and security for the foreseeable future

Google Announces Hiring Pause (The Information) Google said it will pause hiring for two weeks, after saying last week it would slow its pace of hiring for the rest of the year. In an email to employees viewed by The Information, Prabhakar Raghavan, a senior vice president at Google, said the hiring pause would not impact offers that had ...

ConnectWise Announces Inaugural WISE Awards to Celebrate the Success of Partners (GlobeNewswire News Room) Winners to Be Announced at IT Nation Connect 2022 in November...

Huntress acquires cybersecurity training firm Curricula for $22 million (The Record by Recorded Future) Maryland-based cybersecurity firm Huntress announced on Tuesday the $22 million acquisition of security training platform Curricula to further expand services to small and mid-market businesses.

Microsoft and Google Leading Cybersecurity M&A Activity (GlobeNewswire News Room) Increasing investments by enterprises in cybersecurity owing to employees working remotely during the pandemic sparked an M&A boom in the tech sector...

Products, Services, and Solutions

Proximus selects Zimperium mobile threat defence to protect subscribers against surging mobile attacks (VanillaPlus) Brussels, Belgium. 20July 2022 – Zimperium, a global provider of mobile security, has struck a deal with Proximus starting from 1st July 2022, Belgium’s

Axonius Adds Key Integrations with AWS (PR Newswire) Axonius, a cybersecurity asset management provider, today announced integrations with Amazon Macie, Amazon GuardDuty, and AWS SecurityHub while...

Kovrr Launches ‘Cyber-Sphere’ to Simplify Enterprise Cyber Risk Management Decisions (Business Wire) Kovrr, a leading provider of cyber risk quantification (CRQ) solutions for global enterprises and (re)insurers, announced today the launch of the Cybe

New infosec products of the week: July 22, 2022 (Help Net Security) The featured infosec products this week are from: Cato Networks, CoSoSys, Darktrace, EnGenius, Orca Security, Persona, and Resecurity.

Radware Introduces New Crypto Mitigation Algorithms to Fight Bad Bots (GlobeNewswire News Room) Disrupts attack automation; exhausts bad actors’ resources and motivation to attackCreates new zero trust posture for publicly exposed web and API...

Illumio Launches Zero Trust Impact Assessment to Help Organizations Maximize Cyber Investments (GlobeNewswire News Room) Security and IT Leaders Can Now Proactively Assess Cyber Resilience Posture, Better Informing Security Strategies with Data...

Cato aims to bust cyber myths as it extends network protections (ComputerWeekly) Cato Networks is beefing up its platform’s security features with ransomware and data loss protections, and the firm’s security strategy lead Etay Maor is using the occasion, and his unique access to billions of data points from the firm’s network, to explode some cyber myths

Radware announces enhanced Bot Manager with crypto mitigation algorithms (SecurityBrief Asia) The solution aims to help disrupt attack automation and further exhaust bad actors' resources and motivation to attack.

Liquid Launches Africa's First Cyber-Security "Fusion" Centre (IT News Africa) Liquid Cyber Security, an arm of pan-African Cassava Technologies group, today announced the launch of the first of its planned matrix of Cyber Security Fusion Centres in Johannesburg, South Africa. With this Fusion Centre, Liquid aims to bolster the cyber security industry in the country by managing the growing threat of cyberattacks to governments and […]

SentinelOne Announces Service Ready Designation for AWS Graviton (Bloomberg) XDR Leader Supports Amazon EC2 Instances Powered by AWS Graviton2 and Graviton3 Processors

Illumio Launches Zero Trust Impact Assessment to Help Organizations Maximize Cyber Investments (GlobeNewswire News Room) Security and IT Leaders Can Now Proactively Assess Cyber Resilience Posture, Better Informing Security Strategies with Data...

Datatron Simplifies Platform for Operationalization of ML Models (PR Newswire) Datatron announced today the latest version of its enterprise-grade MLOps platform. Updates include increased flexibility, a new interface that...

BlackBerry and LeapXpert Join Forces to Deliver Secure Communications in a Remote Age (PR Newswire) BlackBerry Limited (NYSE: BB; TSX: BB) and LeapXpert, the enterprise-grade responsible business communication platform, today announced a...

Delinea and Authomize Announce Strategic Partnership to Expand and Enhance Cloud Identity Security Controls (PR Newswire) Delinea, a leading provider of privileged access management (PAM) solutions for seamless security, and Authomize, a leading provider of Cloud...

Google Introduces DNS-over-HTTP/3 in Android (SecurityWeek) Google this week announced the rollout of DNS-over-HTTP/3 (DoH3) for Android 11 and newer devices.

Can Encryption Key Intercepts Solve The Ransomware Epidemic? (SecurityWeek) Nubeva Technologies is building technology to recover encrypted data without making ransomware payments

People

Citi Veteran Carl Froggett Joins Deep Instinct as Chief Information Officer (Deep Instinct) NEW YORK, NY July 27, 2022 – Deep Instinct, the first company to apply end-to-end deep learning to cybersecurity, today announced the addition of Carl Froggett to its executive leadership team as Chief Information Officer to support accelerating growth and continued international expansion. Froggett was formerly Head of Global Infrastructure Defense, CISO Cybersecurity Services at Citi.

XONA Bolsters Partner Program and Names Roneeta Lal Head of Channel Sales to Accelerate Adoption of Secure Remote Access Platform for Critical Infrastructure (Business Wire) XONA named Roneeta Lal as head of channel, expanded features of its partner program, and added its first internationally-based partner.

Former SSA senior IT adviser joins Accenture Federal Services (FedScoop) Veteran federal IT official Jarrett Booz has joined Accenture Federal Services as a senior manager. Booz moves to the private sector after a 25-year career in government, most recently as senior IT adviser within the Social Security Administration’s Office of Digital Transformation. Earlier in his career, he also worked at the National Security Agency for […]

General Sir Chris Deverell joins Conceal Board of Advisors (Help Net Security) Conceal announced that General Sir Chris Deverell, the former Commander of the UK’s Joint Forces Command, has joined its board of advisors.

Barracuda Networks appoints regional director for SEA, Korea (Digital News Asia) Philippe Cazaubon has been appointed as regional director for Southeast Asia and Korea at Barracuda Networks.

One Identity Appoints Mark Logan as Company’s First-Ever Chief Executive Officer (One Identity) Technology Veteran Will Continue the Company’s Momentum In Becoming the World’s Leading Identity Security Company ALISO VIEJO, Calif., July 26, 2022 – <a href="/">One Identity</a>, a leader in unified identity security, today announced that Mark L...

Incode Expands Executive Team Amid Rapid Global Growth (Business Wire) Incode Expands Executive Team Amid Rapid Global Growth

Cyber insurtech BOXX Insurance supercharges leadership team with appointments from Paypal and Deloitte (PR Newswire) Toronto-based global cyber insurance specialist BOXX Insurance today announced the appointment of Eric Newman as its Chief Operating Officer,...

SureCloud secures new Chairman with the two billion pound touch (SureCloud) The world’s first GRC Capability Company, today announced that John Hawkins has been named Chairman of the Board. Read more here.

Gluware Adds New Sales and Marketing Leader as Company Accelerates Enterprise Network Hyperautomation (PR Newswire) Gluware, the leader in intelligent network automation, today announced the hiring of Terry Healey as Vice President of Sales Acceleration...

Sonatype Achieves Record Growth, Expands Leadership Team with New Board Member and CRO (Sonatype) Sonatype exceeds H1 2022 financial goals and welcomes a new CRO and world-renowned board member, as the company looks toward even greater growth in H2