At a glance.
- DMI acquires Ambit Group.
- Versa raises $120 million.
- Elon Musk takes over Twitter.
Mergers and acquisitions.
DMI, a digital transformation services company based in Maryland, has acquired Ambit Group, a data analytics, cybersecurity, and mission support service provider for the government. Sunny Bajaj, founder and CEO of DMI, said, "Demand for IT modernization services leveraging the latest digital innovation and capabilities has never been greater. With this addition, we combine Ambit's comprehensive data management, analytics, and cybersecurity services with our cross-industry, digital transformation expertise to help drive the next generation of digital government."
Critical infrastructure protection cybersecurity provider OPSWAT has announced its acquisition of all assets of next-generation malware analysis platform FileScan.IO. “With FileScan.IO’s free malware analysis service, community users, regardless of location or size, have access to rapid in-depth file and URL assessments. We look forward to enhancing the technology into an enterprise-grade, robust and mature solution to deliver the most comprehensive and innovative malware analysis platform available today,” said Benny Czarny, Founder and CEO of OPSWAT.
London-based supply chain management solution provider InspireXT has announced its acquisition of low code artificial intelligence platform NaturalAI. “With its position as a trusted brand and recognised leader in Supply Chain solutions, InspireXT presents the ideal partner to leverage NaturalAI’s technology platform to drive greater levels of automation across supply chains around the globe,” said Joshua Kaiser, developer of Natural AI.
Investments and exits.
California-based networking and cybersecurity firm Versa raised $120 million in funding, led by BlackRock, with participation from Silicon Valley Bank. The company says the funding will be for go-to-market efforts and scaling the company.
Dataware platform Cinchy, based in Toronto, has raised $14.5 million in Series B funding, led by Forgepoint Capital. “We’re thrilled to partner with the team at Forgepoint Capital, which uniquely appreciates the importance of data layer controls and the enablement of data autonomy. This latest round of funding helps us expand our team and release new offerings that include pre-built dataware solutions designed to help organizations instantly liberate both trapped data and siloed SaaS applications,” said Dan DeMers, CEO and co-founder of Cinchy.
Indian cybersecurity startup BluSapphire Cyber Systems has raised $9.2 million in Series A funding, led by Barings Private Equity India, with participation from Dallas Venture Capital, xto10x, RPG Ventures, and Merisis Venture Partners. The company says the funding will be used to grow its SaaS platform across North America and India.
Cryptosat, a startup focused on launching a Trusted Execution Environment in space, has raised $3 million in seed funding, led by Cryptosat co-founders Yonatan Winetraub and Yan Michalevsky, joined by Protocol Labs, Inflection, GoAhead Ventures, DoraHacks, and founders of Phala Network.
Elon Musk has officially taken over Twitter and fired top executives, the Wall Street Journal reports. Chief Executive Officer Parag Agrawal, Chief Financial Officer Ned Segal, Twitter’s top legal and policy executive Vijaya Gadde, and general counsel Sean Edgett all were ousted following Musk’s takeover. The deal closed Thursday, and Twitter is now part of Musk’s X Holdings I Inc. Hours after the takeover and firing, Musk tweeted, “the bird is freed.”