At a glance.
- Allurity acquires Aiuken Cybersecurity.
- Malwarebytes receives $100 million in funding.
- Moody’s releases new report detailing cyber risk.
Mergers and acquisitions.
Swedish cybersecurity provider Allurity has acquired Spanish Aiuken Cybersecurity. Juan Miguel Velasco, CEO of Aiuken Cybersecurity, said, “We are proud to join forces with this flourishing European group that has big ambitions to have a long-term impact and drive our growth in the cybersecurity sector. We believe they will be truly valuable and contribute towards our continued rapid expansion with a shared vision to help organisations secure their digital assets via security solutions that combine the best of human and machine intelligence.”
Application security and controls automation provider Pathlock, based out of Dallas, has acquired United Kingdom-based Grey Monarch, a specialist SAP consultancy company. Pathlock says that the acquisition will “strengthen Pathlock's vision of providing the industry's most complete 360-degree platform for application security and controls automation for the SAP ecosystem.”
Investments and exits.
Cybersecurity company Malwarebytes has received $100 million in funding from Vector Capital. Despite a recent layoff of about 125 employees, the company says that cash flow is positive and they are continuing to hire. The company says the funding will be used to “consolidate its ownership structure and to further build out its product portfolio.”
Decentralized data platform Space and Time has raised $20 million in funding, led by Microsoft’s M12, with investments from Framework Ventures, HashKey, SevenX Ventures, Foresight Ventures, Polygon and Avalanche’s ecosystem fund Blizzard. Nate Holiday, Space and Time’s co-founder and CEO, said to TechCrunch, “Our mission is to make smart contracts smarter and expand the use cases of business logic through smart contracts. We see a world where smart contracts will operate the business logic of the world through advanced automation.”
Moody’s Investors Service has released a report detailing cyber risk. It has been found that there is a worldwide rise in cyber risk across more than 70 sectors. Critical infrastructure was found to have a very high cyber risk exposure, with banks, telecommunications, technology, chemicals, energy and transportation services also facing high risk. Analyst and lead author of the report, Steven Libretti, said in a press release, "Cyber risk is rising. However, we are witnessing correlated growth in robust security program investments, as industries prioritize the need to assess and quantify the risk to inform key strategy decisions, mitigate supply chain risk, and ensure investor confidence.”