At a glance.
- Securonix raises $1 billion in growth investment round.
- Cloudflare acquires Vectrix.
Mergers and acquisitions.
Cloudflare has acquired San Francisco-based vulnerability mitigation company Vectrix. Cloudflare stated, "Vectrix enhances Cloudflare’s existing Zero Trust platform, Cloudflare One, by allowing security teams to scan third-party tools–including Google Workspace, GitHub, and AWS–to detect and mitigate issues such as inappropriate file sharing and user permission misconfigurations."
Australian cybersecurity services firm CyberCX has acquired New Zealand-based managed security services provider Cyber Research NZ. According to CRN, the company says that "adding Cyber Research into its fold will bolster its trans-Tasman position, enhancing its presence among NZ enterprises and Government."
Investments and exits.
Addison, Texas-based Securonix has received more than $1 billion in a growth investment round led by Vista Equity Partners, with participation from Volition Capital and Eight Roads Ventures. The company stated, "The new funding allows Securonix to make significant investments in global talent acquisition, adding senior leaders across engineering, cloud operations, threats labs, and sales and marketing. As a Vista portfolio company, Securonix will benefit from its industry expertise with next-gen SaaS companies and a vast ecosystem to help scale operations and accelerate product innovation." Securonix's CEO and co-founder Sachin Nayyar added, "We pioneered User Entity Behavior Analytics (UEBA) with an analytics-centric approach to security monitoring, extended to next-gen SIEM with a scalable cloud-native architecture, and introduced Open XDR and SOAR capabilities to deliver a true end-to-end security operations fabric for threat detection and response. Our goal is to extend this to the application layer and to OT and IoT."
Palo Alto, California-based API security company Salt Security has raised $140 million in a Series D round led by CapitalG, with participation from all existing investors. The company says it "will use the additional capital to expand R&D investment, fuel sales and marketing, and more rapidly grow its international operations to address the growing number of cyber threats targeting APIs."
Manchester, UK-based bot mitigation firm Netacea has raised $12 million in a Series A round. The company stated, "As well as long-term backer Mercia Asset Management, investors include Rupert Cook, Chairman, Netacea; Gerhard Watzinger, Chairman, Crowdstrike; Marcin Kleczynski, CEO, Malwarebytes; Alex Eckelberry; NED, Malwarebytes and Former Non-Executive Director, KnowBe4; and John Viega former CEO, Capsule8." Netacea says, "The funding will enable Netacea to expand its presence in the U.K. and the U.S., where the business sees significant opportunity for growth. Netacea’s presence in the U.S. has grown quickly in the last few months, landing several big name customers including Shutterstock, and this growth is supported by a channel program and U.S. leadership team. Half of Netacea’s sales team is now based in the U.S. and plans are in place for this proportion to grow. As well as expanding its U.S. reach, Netacea will grow its technical team, specifically in development, data science, data analysis and threat research."
Boston-based digital fraud prevention company Allure Security has raised $6.8 million in a seed round led by Gutbrain Ventures, with participation from PBJ Capital, Impellent Ventures, and existing investors Glasswing Ventures, Zetta Venture Partners, and Portage Partners. The company says it "will use the capital to accelerate go-to-market activities, grow its team, and continue product innovations."
Israeli SaaS business application security startup Canonic Security has emerged from stealth with $6 million in seed funding from First Round Capital, Elron Ventures, SV Angel, and Operator Partners. The company stated, "Canonic Security is led by cybersecurity industry veterans CEO Boris Gorin and CTO Niv Steingarten. Prior to Canonic Security, Gorin led the world's first large scale SaaS threat detection operation from idea to adoption by thousands of enterprises while at Proofpoint. Niv Steingarten joined Canonic Security from OverOps, where he was co-founder and vice president of engineering, leading the design and development of one of the industry's first Application Performance Analysis solutions. Canonic currently employs more than thirty professionals with many cyber researchers and engineers coming from leading security companies like PerimeterX, Sygnia and Proofpoint."
Los Gatos, California-headquartered data privacy company Titaniam has raised $6 million in a seed funding round led by Refinery Ventures, with participation from Fusion Fund and Shasta Ventures. The company says it "will use proceeds from this funding round to support an aggressive sales expansion and further product innovations."
DomainTools has hired Ben April as Chief Architect, Dr. Sean McNee as Chief Technology Officer, Chris Nelson as Chief Revenue Officer, and Daniel Schwalbe as Chief Information Security Officer and Vice President of Information Technology.
Aura has hired Jose Malpartida as Chief Product Officer.
BlackFog has hired David Schnurstein as Director of Threat Intelligence. Schnurstein previously served as the Captain and Commander of the Emergency Communications, Records and Technology Division with the Grand Rapids, Michigan Police Department.
Aqua Security has appointed Jeannette Lee Heung as Senior Director of Global Channels and Alliances, Christopher Gaba as Vice President of Sales, East, and Jeffrey Webb as Vice President of Sales, West.