At a glance.
- Carlyle acquires ManTech.
- Deep Instinct raises $62 million in funding.
- Iron Bow Technologies chosen to operate US Army cybersecurity platform.
Mergers and acquisitions.
Global investment firm Carlyle has completed its acquisition of Virginia-based ManTech International Corporation for approximately $4.2 billion. ManTech stockholders will receive $96 per share in cash, and ManTech common stock is no longer trading, and will not be listed on the NASDAQ Global Select Market anymore. Dayne Baird, a managing director on Carlyle’s Aerospace & Government Services team, said, “ManTech is at the forefront of its industry, delivering leading and innovative solutions for mission-critical national security programs. We are pleased to complete the transaction and look forward to partnering with ManTech to advance the mission of its customers across the federal government. We believe our deep sector expertise, network and resources will help accelerate ManTech’s growth and drive greater value for its customers and employees.”
Palo Alto Networks is on the verge of a deal to acquire cybersecurity startup Apiiro, based in Israel. Apiiro is the developer of a code risk platform that provides risk visibility and control “from design to code.” If the deal comes to fruition, this would be the eighth Israeli startup acquired by Palo Alto.
Florida-based cybersecurity firm KnowBe4 has received a $4.22 billion offer from Vista Equity Partners to take the company private. Reuters reports that the bid represents a premium of nearly 39% when compared to last Friday’s closing price. This comes amongst a string of investments by the firm this year.
Cloud-native logging and security analytics platform Devo Technology, based out of Massachusetts, has acquired security orchestration, automation, and response (SOAR) company LogicHub. “Today marks a major step in our progress towards not just the autonomous SOC, but in rounding out the complete SaaS stack of SOC capabilities that our customers need today. With the addition of LogicHub’s technology to the Devo Platform and the talented individuals joining the Devo team—which includes an R&D lab in Noida, India—we’re able to deliver to our customers a more robust solution that enables them to do more with less, while we continue to chart the path forward to a fully realized autonomous security cloud offering that will change the way organizations do security,” said Marc van Zadelhoff, Chief Executive Officer of Devo.
Technology advisor Resourcive, based in New York, is acquiring consulting firm Proteus Advisors. The company says that the acquisition will create a new cybersecurity module within Resourcive, led by Proteus founder Adrian Tilston. Financial details of the acquisition were not disclosed.
CrowdStrike has announced that they are acquiring external attack surface management (EASM) provider Reposify. Chief Technology Officer at CrowdStrike, Michael Sentonas, said in a company release on the acquisition, “With the acquisition of Reposify, we plan to offer a fundamentally differentiated EASM experience as part of our industry-leading threat intelligence product line. By combining deep insights on endpoints and IT environments with transformative internet-scanning capabilities, customers will be able to gain an organization-wide view of risk across internal and external attack surfaces from the adversary’s perspective. The technology will also bolster capabilities in our growing ITSecOps offerings.”
Investments and exits.
Deep Instinct, an Israeli cybersecurity company, has raised $62 million in funding from BlackRock and Chrysalis, and is set to add another $18 million in coming weeks. The company will also be stepping away from the SMB market, and will lay off around 30 US sales employees. They will, however, be hiring approximately 60 employees in Tel Aviv for their R&D center.
Boston-based OneLayer, a provider of enterprise security for private LTE and 5G networks, has announced a $6.5 million investment from Koch Disruptive Technologies. The investment comes alongside an agreement for OneLayer to secure the private LTE network of a Koch Industries manufacturing subsidiary’s site. The company says that the funding will be used to address growing demand, grow the company’s cyber lab capabilities, expand its reach, and fund the company’s sales and marketing efforts.
RKVST, a California-based software-as-a-service (SaaS) platform, has raised $7.5 million in Series A funding, with contributions from Ridgeline, Acadia Woods, Cyber Mentor Fund and Long Run Capital. The funding will be used for go-to-market efforts, supporting developers using the RKVST API, growing partner ecosystems, and feature development.
California-based Operant Networks, a communications networking platform for complex systems, has raised $3.8 million in seed funding, led by Constellation Technology Ventures, with contributions from Thin Line Capital and Marin Sonoma Impact Ventures. Jorge Acevedo, Senior Vice President of Commercialization and Development at Constellation, said, “Backed by their extensive industry experience and market expertise, Operant Networks is poised to play a key role in advancing resilient communications, networking and cybersecurity in an evolving energy landscape. We look forward to our collaboration with the Operant team as they advance their mission and develop their product offerings.”
Compliance startup heyData, based in Berlin, has raised €3.3 million in seed funding, led by Ten VC, with contributions from Patrice Deckert, Stefan Tietze, Martin Ostermayer, Dirk Freise and Picea Capital, among others. The funding will be used to expand to new markets, as well as product expansion.
Any Distance, an online workout sharing platform based in Atlanta, has raised $1.5 million in pre-seed funding, led by Bungalow Capital with participation from Overline, Fitt Insider, Shorewind Capital, OliveX, and The Gramercy Fund, as well as over 30 angel investors. "Reimagining activity tracking, we're not only creating a great digital experience but a lifestyle brand. By prioritizing inclusivity, privacy, and safety, while tapping gamification, we're building a powerful platform and an inspiring community,” said founder and Chief Executive Officer, Luke Beard.
CrowdStrike’s Falcon Fund has invested in application programming interface (API) security company Salt Security, headquartered in California. Alongside the investment, CrowdStrike and Salt Security are partnering to “bring together leading technology to apply API discovery and runtime protection on applications, and enable security testing to harden APIs before release.” Chief Technology Officer at CrowdStrike, Michael Sentonas, said, "With the proliferation and use of SaaS applications, APIs are becoming a key target for adversaries. Salt Security has emerged as the clear leader in solving this major blindspot for organizations, which is why we have chosen to invest in this innovative team and technology."
SentinelOne has launched S Ventures, a $100 million fund dedicated to investing in the next generation of security and data companies. S Ventures will invest across all stages of the startup lifecycle, with a focus on companies that are innovative in the Singularity Marketplace. New investments from S Ventures include Noetic Cyber and Armorblox.
Aliro Quantum has appointed Michael Wood as the company’s first Chief Marketing Officer.
NinjaOne has appointed Shay Mowlem as the company’s Chief Marketing and Strategy Officer.
Dragos has appointed Ben Sullivan as the company’s first senior channel manager for ANZ, and Hayley Turner as the company’s first regional director for ANZ.
Cryptomathic has appointed Laurent Lafargue as the company’s Chief Executive Officer.
Noetic Cyber has hired Ken Green as the company’s Vice President of Product Management.
Cybernatics has appointed Andy Huang as the company’s Chief Information Security Officer.
Arkose Labs has hired John Chirhart as the company’s Cybersecurity Intelligence Officer.
Cofense has promoted two team members: Tonia Dudley is now Vice President, Chief Information Security Officer, and Josh Bartolomie is now Vice President, Global Threat Services.
CyberArk has appointed Peretz Regev as the company’s Chief Product Officer.
OneSpan has appointed Stuti Bhargava as the company’s first Chief Customer Experience Officer.
OPSWAT has hired Tomer Zuker as the company’s Chief Marketing Officer.
Quantexa has appointed Annabelle Bexiga to the company’s Board of Directors.
Tenable has appointed Patricia Grant as the company’s Chief Information Officer.
Semperis has brought on Todd Greene as a Strategic Advisor.
Deep Instinct has appointed Lane Bess as the company’s Chief Executive Officer. Guy Caspi, former CEO, will now be a Board Chair and Chief Product Officer.
Saepio Information Security has hired Eliza Hedegaard as Account Director for the company.
Splunk has named Tom Casey as the company’s Senior Vice President and General Manager of Platform.
Kudelski Security has named Jacques Boschung as the company’s Senior Vice President and General Manager for EMEA.
The Defense Post reports that Iron Bow Technologies has been selected by the US Army to be the operator of its AttackIQ cybersecurity platform for the next three years. AttackIQ’s Security Optimization Platform deploys threat simulation that generates performance data in real-time to “develop a strategic defense posture for mission-critical situations.” Iron Bow partnered with KAIROS, a cybersecurity analysis provider, for the project.
PR Newswire reports that Israeli cloud data security company Sentra has opened a new North American headquarters in New York City. Sentra is backed by Bessemer Venture Partners and Zeev Ventures, and focuses on enabling security teams to have visibility and control over their cloud data, and protecting cloud data from sensitive data breaches.
Cyber insurance provider Cowbell debuted Adaptive Cyber Insurance, which they define as a dynamic, rather than static, cyber coverage offering that can evolve more frequently than annually to align with a policyholder’s needs and threats, PR Newswire reports. They have also launched a subsidiary, Cowbell Specialty Insurance Company (Cowbell Specialty). "Adaptive Cyber Insurance is a major evolution for cyber insurance and with the launch of Cowbell Specialty, along with Cowbell Re, we gain the insurance footprint of a tech-enabled, full stack, high-growth insurer, giving us the flexibility to expand our business and innovate for the benefit of all our policyholders," said Jack Kudale, founder and Chief Executive Officer at Cowbell.