At a glance.
- ZeroFox has completed LookingGlass acquisition.
- PwC makes long-term plans for investment in generative AI.
- Executive moves.
- Company news.
- Labor markets.
Mergers and acquisitions.
Washington’s ZeroFox has completed its acquisition of external attack surface management and threat intelligence provider LookingGlass Cyber Solutions. This follows the initial announcement of the acquisition earlier this month.
TIM has acquired Italian TS-Way, a cyber threat intelligence prevention and analysis provider. Capacity reports that the transaction was completed through Telsy, a company under TIM Group focused on cybersecurity.
Investments and exits.
PricewaterhouseCoopers LLP (PwC) has shared plans to invest $1 billion in generative artificial intelligence technology over the next three years into its US operations, the Wall Street Journal reports. The consulting firm has said it will be working with Microsoft and OpenAI for the automation of some of its services.
Texas-based cyber resilience platform provider Halcyon has raised $50 million in a Series A funding round led by SYN Ventures, with participation from Dell Technologies Capital, Corner Ventures, among others. The company plans to use the funding for the development of their platform and implementation.
Secure wearable provider Token has raised $30 million in financing from Grand Oaks. The funding comes in the form of a $20 million secured note, as well as a $10 million convertible note. The company intends to use the funding to invest in product development and the launch of their multifactor authentication solution.
XIoT security company NetRise has raised $8 million in funding in a round led by Squadra Ventures, with participation from Miramar Digital Ventures, Sorenson Ventures, and DNX Ventures. "Firmware security is not a problem that is relegated to a particular vertical or industry. We have built our platform in such a way that support for automotive, networking equipment, consumer IoT, industrial control systems, and medical device firmware alike are all supported." said Tom Pace, co-founder and chief executive of NetRise. "While working at the Department of Energy, I saw firsthand how little insight we had into the vulnerabilities and risks embedded in technology critical to every aspect of our daily lives. Our vision is that every technology user understands the ingredients in their tools and the potential implications of those components, no matter the source."
Anti-Fraud Collaboration platform provider FiVerity has raised $4 million in seed funding, led by Mendon Venture Partners, among others, such as FinCapital, Mendoza Ventures, Service Provider Capital, and Grasshopper Bank. The company says that the funding will allow them to expand their network of providers and data, and advance their machine learning algorithms.
San Francisco based Elevate Security has announced that they have received an investment from the CrowdStrike Falcon Fund. As part of the investment, the firm is integrating with CrowdStrike Falcon to automate data use and applications in order to better defend against cyberattacks.
California-based cyber security provider Cequence Security has received a new investment from Prosperity7 Ventures. This investment will be used to fuel growth, with special focus on the Middle East.
Sift has appointed Armen Najarian as the company’s chief marketing officer.
Aware has named Dan Kaltenbach as chief financial officer for the company.
Quorum Cyber has appointed Ricky Simpson as its new US solutions director.
Lookout has appointed Nicholas Warner to the company’s board of directors.
Neil McRae has joined Juniper Networks as chief network strategist.
Adlumin has promoted Dan McQuade to chief technology officer.
Mimecast has made two new leadership appointments: Jeff Hess as the company’s chief customer officer, and Purnima Jandial as the senior vice president of global operations.
Inspira Enterprise has appointed Amit Gandre as the company’s chief executive.
Conceal has welcomed Ron Gula to its board of directors.
BackBox has named Rita Selvaggi to the company’s board of directors.
Vade has named René Bonvanie to its executive board.
Cybersecurity firm Quorum Cyber, based in the United Kingdom, intends to branch out into the North American market, and is presenting at RSAC, Security Today reports. The company currently serves customers across four continents.
Palantir Technologies is intending to expand its Lithuanian operations after entering into a partnership with the Ministry of Defense of Lithuania, Benzinga reports. The outlet says that “the strategic partnership with Lithuania is oriented towards the development of technological solutions with the purpose of supporting regional defense capabilities.” They may be looking into hiring software engineers in the future.
This week’s RSA conference saw HiddenLayer named the “Most Innovative Startup,” winning the conference’s Innovation Sandbox contest, Business Wire reports.
This week saw the removal of legacy blue checkmarks on Twitter in what the Verge calls “the checkpocalypse.” One of Musk’s policies that he’s had planned for a while, the purge gets rid of the “verified” checkmark from users verified for authenticity, such as celebrities and those working in public-facing jobs. Instead, a user that has a verified check will have paid for a Twitter Blue subscription. Well, unless you’re LeBron James, Stephen King, or William Shatner (or someone else in Musk’s favor). The Verge writes that the chief executive has offered a few celebrities free subscriptions to the Twitter Blue service. The Telegraph shares a tweet from Stephen King, expressing surprise at the verification of his account, to which Musk responded “You’re welcome namaste.”
In this week’s cybersecurity labor market news, cybersecurity firm WatchGuard Technologies has announced plans to grow within India, intending to double the work force to 200 employees within the next year and open a new office in Noida. MoneyControl shares that the global company will be seeing growth across several vectors in 2023. CRN Australia reports that cloud firm F5 is slashing its workforce by 9%, and that senior executives will be seeing cuts to bonuses in order to lower costs. The Information reports that last Wednesday saw the beginning of notifications of layoffs at Meta in their second round of cuts since November of last year. The cuts reportedly impact about 4,000 people in technical roles across various parts of the company.