At a glance.
- RADCOM has completed Continual acquisition.
- Metomic raised $20 million.
- Executive moves.
- Company news.
- Labor markets.
Mergers and acquisitions.
Israel based monitoring and insurance provider RADCOM has announced the completion of their acquisition of mobility experience, analytics company Continual. The company says that the acquisition will provide a broader portfolio for RADCOM in location and mobility analytics.
Investments and exits.
UK-based data security provider Metomic has raised $20 million in Series A funding, led by Evolution Equity Partners, with participation from Resonance and Connect Ventures. The company says that the funding will be used for expansion efforts within the US, as well as research and development.
Cybersecurity firm Aadya Security has raised $5 million in Series A funding, led by Left Lane Capital, with contributions from 645 Ventures, Gaingels, Firebrand Ventures, and Invest Detroit, Security Week reports. The investment is planned to be used for expansion of the company’s sales team, expansion of the company’s channel program, and expansion of its market share.
Security company Shield, who specializes in protection against online scams, has raised $2.1 million in pre-seed funding from a multitude of investors, including Kraken Ventures, Eterna Capital, Alchemy, and Moonpay, among others, Pulse 2.0 reports. The company’s goal is to shield organizations and consumers from exploits of crypto.
Behavioral biometrics intelligence and fraud detection company BioCatch has welcomed Permira Growth Opportunities as a shareholder, as it has acquired a significant minority stake in the company. Permira is now the third largest shareholder in BioCatch, who now plans to concentrate on geographical expansion, product, innovation, and potential future mergers and acquisitions.
Outpost24 has welcomed Brendan Hogan as chief strategy officer.
Avertium has welcomed Kelly Bissell as a board advisor.
Mike Houghton has joined Druva as the global partner and alliance lead.
GM has nominated former Vice Admiral Jan Tighe to the company’s board.
David Bochsler has been named as vice president of sales for Asia Pacific at KnowBe4.
New Jersey-based API Security provider L7 Defense has rebranded as ammune.ai, Yahoo Finance reports. The goal of the rebrand is for the company to label themselves as a leader in AI security. "AI protection is the fast-forward present of cybersecurity, and we intend to lead it. Together with partners that commit to AI, in the smartNIC sector, we will fill the cyber security gap at accelerate security for data centers. Rebranding as ammune.ai reflects our commitment to providing the best AI-based security solutions to our customers,” said Dr. Avi Fried, CEO of ammune.ai.
TechCrunch reports that cybersecurity firm Bishop Fox has laid off about 13% of its workforce, or 50 employees. It's unfortunate, but other companies in the sector may wish to take note that a lot of highly qualified professionals are likely to be looking for a new position. Recruiters and hiring managers, reach out to the Bishop Fox alumni.