More Signal. Less Noise.

V5 | Issue 37 | 9.13.23

Check Point acquires Atmosec. ThetaRay secures $57 million. IronNet explores bankruptcy or liquidation.

Summary

By the CyberWire staff

At a glance.

Check Point acquires Atmosec.
ThetaRay secures $57 million.
IronNet explores bankruptcy or liquidation.

Mergers and acquisitions.

Israeli cybersecurity firm Check Point is acquiring SaaS security platform provider Atmosec. Check Point stated, "With Atmosec’s technology, Check Point Infinity will offer SaaS security with continuous SaaS posture management, prevention of malicious communications (SSPM), and a full security stack for SaaS apps including threat prevention, data protection, and adaptive zero-trust access controls for both users and devices (CASB). New capabilities will be incrementally released based on roadmap milestones, enabling organizations to utilize these critical enhancements from the same Check Point Infinity platform they already use today. The acquisition of Atmosec is expected to close by mid-September 2023."

Maryland-based managed security service provider Dataprise has acquired New York City-headquartered MSSP Cohere Cyber Secure. The company stated, "The acquisition expands Dataprise’s New York City operations while providing Cohere’s clients access to Dataprise’s broad portfolio of powerhouse services."

London-based Netcraft has acquired Australian brand protection provider FraudWatch. Netcraft stated, "With this acquisition, Netcraft and FraudWatch will deliver high-quality, high-speed cybercrime detection and takedowns with even greater capabilities to new and existing customers. The company will further enhance support and services by combining its existing relationships with hosting providers, domain registrars, and social media platforms through the FraudWatch SOC alongside Netcraft’s API-based and commercial partnerships. Additionally, the acquisition will accelerate growth in North America and the Asia-Pacific region for the combined company."

Investments and exits.

Israeli secure payment infrastructure provider ThetaRay has raised $57 million in a growth round led by Portage, with participation from existing investors JVP, OurCrowd, and others. The company says the funding "will enable ThetaRay to accelerate global growth plans and capitalize on significant market demand."

San Francisco-based third-party management platform provider Certa has raised $35 million in an oversubscribed Series B led by Fin Capital and Vertex Ventures Southeast Asia and India, with participation from Tru Arrow Partners and existing investors Point72 Ventures, BDMI, the family office of Bernard Arnault’s Aglae Ventures, Mantis VC, and GOAT Capital. The company says it "will use the funding to bolster its go-to-market engine, expand its reach into new high-growth markets like Europe, and accelerate adoption."

London-based digital forensics and incident response (DFIR) company Binalyze has secured $19 million in a Series A round led by Molten Ventures, with participation from existing investors Earlybird Digital East and OpenOcean, and new investors Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital. The company says it "plans to use this next phase of its growth to strengthen its market outreach team, further its R&D efforts by integrating Artificial Intelligence/Machine Learning (AI/ML) into incident response processes, and amplify its worldwide customer support."

Maryland-headquartered Identity SecOps provider AuthMind has raised $8.5 million in a seed funding round led by Ballistic Ventures, with participation from IBM Ventures.

San Francisco-based assisted cloud remediation provider Tamnoon has raised $5.1 million in a seed funding round led by Merlin Ventures and Secret Chord Ventures, with participation from Elron Ventures, Inner Loop Capital, and toDay Ventures. Tamnoon has also hired Ran Nahmias as Chief Business Officer and Jonathan (Yoni) Lebowitsch as Vice President of Technical Services.

Crypto wallet security startup 0xPass has secured $1.8 million in pre-seed funding from AllianceDAO, Soma Capital, Alchemy Ventures, Blockchain Builders Fund, Formulate Ventures, Kommune, Hashed EM, Signum Capital/UOB, Nonce Classic, and angel investors, TechCrunch reports.

Executive moves.

Entrust has hired Jordan Avnaim as Chief Information Security Officer.

DataDome has retained Chris Raniere as Chief Revenue Officer.

Sectigo has appointed Rita Parvaneh as Chief Financial Officer. Parvaneh previously served as CFO of Spireon.

Logpoint has hired Michael Haldbo as Chief Financial Officer.

Salt Security has named Michael Porat as Senior Vice President of Corporate and Business Development.

IANS Research has appointed Mark Clauss as Chief Product Officer.

Panaseer has hired Marc Moësse as Chief Product Officer.

Booz Allen Hamilton has appointed Brian Hale as Vice President of Public Relations.

FTI Consulting has hired Nikole Davenport as a Senior Managing Director and Enrique Alvarez and Brad Carpenter as Managing Directors within the firm’s cybersecurity practice.

Onyxia has added Boom Supersonic CISO Chris Roberts to its advisory board.

Fortunes of commerce.

IronNet announced in a Form 8-K filing that it will furlough most of its employees, and is exploring bankruptcy or liquidation, the Wall Street Journal reports. The company stated, "In the absence of additional sources of liquidity, the Company’s existing cash and cash equivalents and anticipated cash flows from operations are not sufficient to meet the Company’s operating and liquidity needs."

Selected Reading

Marketplace

WSJ News Exclusive | EY Unveils Fruits of $1.4 Billion Artificial-Intelligence Investment (Wall Street Journal) Consulting firm EY said it recently completed a $1.4 billion investment into artificial intelligence, the latest among a series of peers to make a billion-dollar announcement regarding the rapidly developing technology.

The Small Idea With a Big Impact on the Cybersecurity Talent Gap (Security Boulevard) The cost of cybercrime is expected to reach $8 trillion globally this year, yet the scarcity of security talent is becoming more pronounced. With more

Working Together For Greater SAP Security: SecurityBridge And Protect4S Are Joining Forces (Yahoo Finance) Established in 2012 and headquartered in Ingolstadt, SecurityBridge is a leading provider and pioneer in cybersecurity solutions for SAP customers. With its innovative and holistic cybersecurity software platform, SecurityBridge helps companies to monitor their business-critical SAP systems and to detect and fend off attacks in real-time.

The Syndicate Group (TSG) Announces Strategic Investment in Veza to Accelerate Channel-Led Growth for the Identity Security Company (PR Newswire) Veza, the identity security company, and The Syndicate Group (TSG), a leading venture firm focused on revenue growth and new customer...

Maryland cybersecurity firm expands into Port San Antonio (San Antonio Report) An executive with IntelliGenesis said the company expanded into Port San Antonio because the port is becoming the "epicenter" of the cybersecurity industry.

SentinelOne Earnings: Execution Appears To Be Improving as Macro Conditions Stabilize (Morningstar, Inc.) Morningstar is an investment research company offering mutual fund, ETF, and stock analysis, ratings, and data, and portfolio tools. Discover actionable insights today.

Golling: Munich Re prepared to give up cyber business over accumulation concerns (The Insurer) Munich Re management board member Stefan Golling has warned that the carrier – the industry’s largest cyber reinsurer – is prepared to exit business within the class...

Cybersecurity is a complex challenge. Here are companies looking to provide innovative solutions (SiliconANGLE) There’s no question that organizations are facing challenges in cybersecurity that are more complex and more pressing than ever before.

‘No lasting impact’: cyber events don’t dictate stock market (Insurance News) Insurance-linked securities (ILS) are a key source of potential new cyber reinsurance capacity, and issuers should put aside concern over a "perceived correlation” between cyber events and stock market performance, Guy Carpenter says.

Layoffs hit the once-immune cyber industry (Axios) Hundreds of cybersecurity workers have received pink slips in the last few months, despite early expectations that the industry would be spared the tech sector's wave of layoffs.

One of the most successful VCs in cybersecurity, Ted Schlein, names 3 new trends to watch (Business Insider) After quietly leaving Kleiner Perkins nearly two years ago, Schlein sees three new cybersecurity trends he's ready to fund.

Major US cyber security firm which once employed ‘world's most famous hacker’ moves to Leeds (Yorkshire Post) A major US cyber security firm which once employed the “world's most famous hacker” has moved its UK headquarters to Leeds, with plans to roughly double its workforce over the next year.

The Team8 Foundry Method for Selecting Investable Startups (SecurityWeek) Team8 uses its CISO Village discussions to uncover these new areas of concern, and to determine what cybersecurity solutions are necessary.

Once more, Proact named one of Sweden's 10 best companies for young people (News Powered by Cision) Proact has, for two consecutive years, been ranked as one of the top 10 IT employers for young

Products, Services, and Solutions

SecurityBridge Introduces Privileged Access Management (PAM) (SecurityBridge) SecurityBridge Introduces Privileged Access Management (PAM): Advanced SAP SecurityEnhanced With Seamless Superuser Oversight

castLabs and Wowza strengthen live streaming security through key rotation (GlobeNewswire News Room) castLabs’ DRMtoday plug-in newest release on Wowza Streaming Engine software now supports single and multi-key rotation for live streaming, a best practice...

PrizePicks Integrates Socure's Leading Identity Verification Platform (PR Newswire) Socure, the leading provider of digital identity verification and fraud solutions, today announced that PrizePicks, the largest skill-based...

US Signal establishes SD-WAN pact with Cato Networks (Lightwave) US Signal, a data center and cloud provider, has partnered with SASE provider Cato Networks to provide SD-WAN services to its business customers. The collaboration with Cato gives US Signal distribution rights for Cato’s Secure Access Service Edge (SASE) Cloud throughout North America.

Orca Security Delivers First AI-Driven Cloud Asset Search to Further Enable Cloud Security Democratization (Business Wire) Groundbreaking New Capabilities Make Understanding All Risks in the Cloud Estate as Simple and Intuitive as Asking a Question

SSH Communications Security Launches Secure Collaboration 2024 for Secure Human-to-Human Interaction (SSH) SSH Communications Security extends SSH Zero Trust Suite to a modern, real-time, secure, and audited human-to-human communications platform.

Kanguru and Cigent launch Self-Encrypting, Secure SSD storage to stop ransomware and data theft (PR Newswire) Kanguru, the leader in encrypted data storage drives, and Cigent® Technology, Inc., the leader in zero trust data protections, today...

ZeroEyes Earns Top Information Security Designation: SOC 2 Type 2 (PR Newswire) ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act...

Eagle Eye Networks Launches V3 of its Video API Platform (Business Wire) V3 of API platform streamlines cloud video surveillance application development and AI integrations

BIO-key International Joins AWS ISV Accelerate Program to Elevate Biometric Security Solutions on AWS (GlobeNewswire News Room) BIO-key and AWS Work Together to Support Seamless Integration of Biometric Authentication Solutions...

BullWall Server Intrusion Protection Brings MFA Behind the Firewall To Protect Servers and Thwart Breach Attempts (Business Wire) Protects RDP Sessions – The Entry Point for 50% of All Ransomware Deployments -- With MFA That Detects and Prevents Unauthorized Users and Halts Breach Progression, Strengthens Cybersecurity Insurance Eligibility.

Uptycs’ Unified CNAPP and XDR Platform Earns Analyst Accolades as a Driving Force for Security Operations Excellence (GlobeNewswire News Room) Recognized by Esteemed Analyst Firms for Innovation in Cloud and Endpoint Security and Compliance...

OPSWAT Partners with BlackBerry to Strengthen MetaDefender Cybersecurity Solutions (PR Newswire) OPSWAT, a leading provider of advanced cybersecurity solutions and critical infrastructure protection today announced a collaboration with...

Aware Premiers Powerful New AwareID® Functionality and Introduces Developer Hub to Further Simplify Businesses' Adoption of Biometric Technology (GlobeNewswire News Room) New Release Focuses Platform on Optimized User Experience and Superior Backend Support; Requires Little to No App-Specific Knowledge or Experience on the...

SecurityHQ Signs Strategic Partnership with Al-Futtaim Engineering & Technologies (Global Security Mag Online) SecurityHQ announced its enhanced collaboration with Al-Futtaim Engineering & Technologies, part of the Al-Futtaim Group, one of most respected corporations in the Gulf region.

PRESS RELEASE: SSH Communications Security Launches Secure Collaboration 2024 for Secure Human-to-Human Interaction (GlobeNewswire News Room) SSH Communications Security extends SSH Zero Trust Suite to a modern, real-time, secure, and audited (who did what when?)...

CyberSaint launches Remediation Suite to optimize resource allocation and decision-making (Help Net Security) CyberSaint Remediation Suite centralizes assessments, financial analysis, recommendations, and tracking for enterprise-wide risk reduction.

Genetec Helps Organizations Move Seamlessly from Incident Response to Investigations (GlobeNewswire News Room) New integration facilitates the exchange of information and reports between Genetec Mission Control digital decision management system and Clearance...

NETSCOUT Introduces RAN Analytics for Carrier Aggregation (Business Wire) Smart Data Enables Intelligent Automation and RAN Optimization Amid Increasing 5G Network Complexity

Contrast Security Partners with IMQ Minded Security to Modernize AppSec Practices in Italy (Contrast Security) Code security leader signs first Italian channel partner to solve the challenges of current AppSec programs with its leading Secure Code Platform.

CybeReady Provides Cybersecurity Awareness Month Kits as CISOs Defend Against AI Driven Attacks (Global Security Mag Online) CybeReady Provides Cybersecurity Awareness Month Kits as CISOs Defend Against AI Driven Attacks. In Preparation for Cybersecurity Awareness Month in October, Company Equips CISOs with Training…

NetRise Added to Department of Homeland Security Continuous Diagnostics and Mitigation Approved Products List (Netrise) NetRise has been accepted for the Approved Product List (APL) through the Continuous Diagnostics and Mitigation (CDM) Program.

People

IANS Research Appoints Mark Clauss Chief Product Officer to Support Outstanding Company Growth (PR Newswire) IANS Research, a Boston-based cybersecurity research and advisory firm, today announced it has expanded its executive team with the appointment...

Panaseer appoints Marc Moësse as Chief Product Officer (Panaseer) Marc Moësse joins Panaseer as the company's first CPO to drive product innovation and continued growth in Continuous Controls Monitoring (CCM). London,

DataDome Appoints Chris Raniere as Chief Revenue Officer to Further Scale Customer Acquisition & Expansion (DataDome) Hiring of Global Revenue Leader Marks Company Milestone as It Experiences Tremendous Growth

Tariq Shaukat Joins Sonar as co-CEO (Sonar) Former President of Google Cloud and Bumble joins Clean Code market leader to accelerate growth alongside Founder and CEO Olivier Gaudin

Boom Supersonic CISO Chris Roberts Joins Onyxia Cyber's Advisory Board (PR Newswire) Onyxia Cyber ("Onyxia"), a leading provider of AI-powered Cybersecurity Management solutions, is proud to announce the newest addition to...

Salt Security Appoints Michael Porat Senior Vice President, Corporate and Business Development (PR Newswire) Salt Security, the leading API security company, today announced it has named Michael Porat senior vice president, corporate and business...

Entrust Hires Jordan Avnaim as Chief Information Security Officer (Entrust) Seasoned technology and cybersecurity executive brings 20+ years of experience in enterprise digital transformations; will replace retiring CISO Mark Ruchie

Sectigo Appoints Rita Parvaneh as Chief Financial Officer (GlobeNewswire News Room) Sectigo®, a global leader in automated Certificate Lifecycle Management (CLM), and digital certificates,...

FTI Consulting Adds Three Senior Cybersecurity Experts, Including Former NCFTA New York Leader (GlobeNewswire News Room) WASHINGTON, Sept. 07, 2023 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointments of Nikole Davenport as a Senior Managing...

Logpoint appoints Michael Haldbo as Chief Financial Officer (Logpoint) Experienced financial executive Michael Haldbo joins Logpoint to protect and support the business and ensure its successful transformation into a European cybersecurity powerhouse.