At a glance.
- Deloitte Australia acquires ParaFlare.
- Rubrik buys Laminar.
- Resilience raises $100 million in Series D round.
- Endor Labs secures $70 million.
Mergers and acquisitions.
Deloitte Australia has acquired managed detection and response firm ParaFlare. According to Accountants Daily, "Deloitte said ParaFlare would help offer around-the-clock threat detection, cyber threat intelligence, incident response, recovery, and remediation."
Ohio-based technology consultancy Centric Consulting has acquired The Mako Group, a cyber risk management firm headquartered in Indianapolis. Centric stated, "Over the last seven years, The Mako Group and Centric have partnered successfully on multiple client projects. The proven combination allows Centric to deliver comprehensive technology solutions that address critical security and risk mitigation needs for all future projects."
Palo Alto, California-based zero-trust security company Rubrik has acquired data security posture management platform provider Laminar. Rubrik stated, "The combination will create the industry’s first complete cyber resilience offering of its kind by bringing together cyber recovery and cyber posture across enterprise, cloud, and SaaS. This acquisition supports Rubrik’s leadership position as one of the preeminent data security platforms and furthers the company’s mission to secure the world’s data."
Investments and exits.
San Francisco-based cyber risk platform provider Resilience has raised $100 million in a Series D round led by Intact Ventures and Intact Insurance’s underwriting companies, with participation from Lightspeed Venture Partners, General Catalyst, and Founders Fund.
Palo Alto, California-based application security company Endor Labs has raised $70 million in a Series A round from a "group of investors including Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32, and over 30 industry-leading CEOs, CISOs, and CTOs." The company says the funding "will help Endor Labs create effective application security programs that don’t impose a productivity tax on developers."
San Francisco-headquartered autonomous security company Horizon3.ai has raised $40 million in a Series C round led by Craft Ventures, with participation from Signal Fire. The company says the funding "will be used to build out Horizon3.ai’s enterprise-wide, proactive security platform, expand channel and partner presence and meet the growing demand of customers worldwide."
Mountain View, California-headquartered application security posture management firm Tromzo has raised $8 million in an oversubscribed seed round led by Venture Guides, Alumni Ventures, Uncorrelated Ventures, and participation from existing investors. The company says the "new investment will further establish Tromzo's leadership in the hyper growth category of Application Security Posture Management (ASPM), deepen partnerships with other application and cloud security platforms, and fuel global business growth."
New York-based security awareness training startup Jericho Security has raised $3 million in a pre-seed funding round led by Era, with participation from Lux Capital, FoundersXFund, MetaLabs, Alcove, Textbook, Alumni Venture Group, and Thorntree. According to VentureBeat, "The funding from the pre-seed round will be used to expand Jericho Security’s product offerings, grow its team and scale its operations globally."
Egyptian cybersecurity firm Buguard has raised $500,000 in a seed round led by led by A15, with participation from angel investors, TechCabal reports. TechCabal quotes Youssef Mohamed, Founder and Chief Technology Officer of Buguard, as saying, "We are already globally facing with clients across the world, but our immediate strategy is to grow even stronger in the GCC. We look forward to expanding into Saudi Arabia during 2023 and using our proceeds to help fulfill our significant growth potential."
RedSeal has named Gregory Enriquez as its CEO. Enriquez has previously worked at Mandiant, IBM, Lastline, and Symantec.
Pindrop has hired Jeff Hoffman as Chief Financial Officer and Rahul Sood as Chief Product Officer.
Camelot Secure has hired Sherri Thomas as Chief Revenue Officer.
Strider Technologies has appointed Mike Madsen as Vice President of National Security Solutions. Madsen is the former Deputy Director of the Defense Innovation Unit within the US Department of Defense.
authID has hired Ed Sellitto as its Chief Financial Officer. Sellitto most recently served as Vice President of Revenue Operations at Zero Hash.
Securonix has appointed Paul Gregory as Chief People and Culture Officer.
ZeroFox has added Paul Hooper, Barbara Stewart, and Teresa Shea to its board of directors.
Hotel Engine has added Patrick Morley, former CEO of Carbon Black, to its board of directors.
QuSecure has added Cisco Distinguished Architect Craig Hill to its board of directors.
Resecurity has appointed Major General Richard M. "Dick" Lake, U.S. Marine Corps (Retired) as a Senior Advisor.