At a glance.
- CyberMaxx has acquired CipherTechs.
- Metomic raises $20 million in Series A funding.
- Executive moves.
- Labor markets.
Mergers and acquisitions.
Tennessee-based tech-enabled cybersecurity services company CyberMaxx has acquired cybersecurity provider CipherTechs. "CyberMaxx and CipherTechs have been around for more than two decades and have each built an incredible team and industry-leading offerings," said Brian Ahern, CEO of CyberMaxx. "Many companies today offer offensive or defensive solutions, but few have the full breadth we've brought together under a single umbrella. Bringing CipherTechs into the CyberMaxx family was a natural fit and strengthens our ability to proactively find vulnerabilities to create a strong defense for our customers. Taking a ‘hacker mindset' provides the greatest protection for our customers and shapes our full spectrum of offerings."
Cherokee Nation Businesses' federal contracting division, Cherokee Federal, has acquired Washington, DC-headquartered cybersecurity and IT company Criterion Systems. Steven Bilby, president of Cherokee Federal, said, “The strategic decision to acquire Criterion was made with the evolving needs and long-term success of the customer in mind. In addition to helping federal agencies address emerging cybersecurity requirements crucial to the protection of our nation, Criterion delivers efficient and secure methodologies and architectures for modernizing government IT that are unparalleled in the industry.”
Confidential computing cybersecurity company HUB Cyber Security, based in Israel, has combined officially with Mount Rainier Acquisition Corp, and begun trading on the stock market today. The combined enterprise is operating as Hub Cyber Security Ltd. “We are extremely pleased to complete this transaction and become a public company traded on the NASDAQ. HUB has grown rapidly, and we believe this transformative step will support our initiatives to capitalize on the large, and fast growing market for more efficient and effective cybersecurity solutions. Our goal is to continue to develop and implement advanced Confidential Computing and other cybersecurity technologies for our current and future customers in both government and private industries. Access to larger capital markets is expected to enable HUB to accelerate its growth plans both in technology development and customer adoption, while building more value for our public shareholders," said Uzi Moskovitch, Chief Executive of HUB.
Cisco announced intentions this past weekend to acquire Valtix, a company specializing in multi-cloud environment security, TechCrunch wrote Monday. The terms of the deal were not shared. Cisco was already an existing investor in the company since 2020, which the outlet notes has allowed for them to see day-to-day operations and the product in depth. "As a strategic investor in Valtix since 2020, Cisco supports Valtix’s commitment to simplify network security, protecting workloads no matter which cloud they are created or consumed in,” said Cisco security business group SVP and Chief Product Officer, Raj Chopra, in a blog post announcing the deal. “With their cloud-native, easy-to-use control plane, they enable customers with common policy and enforcements of networking across all major public cloud environments.”
California-headquartered technology company Keysight Technologies has announced its acquisition of design data management provider Cliosoft. Keysight says that with the acquisition comes the addition of Cliosoft's hardware design data and intellectual property (IP) management software to Keysight's existing portfolio. “One of our top business priorities is creating digital, connected workflows from design to test that accelerate customers’ digital transformation. We see a tremendous opportunity in the PDM space to leverage Cliosoft’s current capabilities combined with our design-test solutions expertise," said Niels Faché, Vice President and General Manager of Keysight EDA. "Adding PDM solutions to the portfolio is a natural progression of our open EDA interoperability strategy to deliver best-in-class tools and workflows in support of increasingly complicated product development lifecycles. Cliosoft offers proven software tools that enable product teams to perform data analytics and accelerate time to insight. The result of faster insight and greater reuse is improved productivity in the verification phase and shorter overall development cycles.”
Investments and exits.
London-based SaaS data security solution provider Metomic has raised $20 million in Series A funding, led by Evolution Equity Partners, with investments from Resonance and Connect Ventures. "Security, IT and compliance teams have no visibility into the data employees are storing and sharing across third-party SaaS applications. They are suffering from alert fatigue and are overwhelmed with the amount of notifications they have to address,” said Chief Executive and Co-Founder, Rich Vibert. “By triaging critical risks and putting remediation in the hands of employees, we give security teams the most effective, scalable, and modern way to protect their most vulnerable data, without getting in the way of high-value work.” The funding will be used for expansion within the United States and research and development.
CyberSmart, a UK-based cybersecurity platform provider for small and medium businesses (SMBs), has raised $15.4 million in Series B funding, led by Oxx, with support from British Patient Capital, Legal & General Capital, Solano Partners, and previous backers IQ Capital, Eos Venture Partners, Winton Ventures and Seedcamp. CEO and Co-Founder Jamie Akhtar said, "I could see that SME security was broken. So many of them were unaware of cyber risks, and they didn’t have the tools and resources to tackle it anyway. We approached the problem from that perspective." The six-year-old company is an early cybersecurity mover with experience in the field, TechCrunch reports, and currently has over 4,000 UK customers.
US capital-based email tech startup Sublime has raised $9.8 million in funding and is exiting from stealth. “The traditional black box approach to email security fails to take advantage of the expertise and context that security professionals have,” CEO and founder Josh Kamdjou wrote in a post announcing the company. “Sublime lets defenders protect their organizations without one hand tied behind their backs.”
Virginia-based vulnerability remediation company trackd.com has emerged from stealth with $3.35 million in seed funding, led by Flybridge with investments from Lerer Hippeau, SaaS Ventures, and Expa. The company intends to leverage "the collective experience of security and IT teams to automate vulnerability remediation without fear of disruption." Mike Starr, CEO and Founder of trackd, added, "Times have changed, and only a very small percentage of patches cause disruption, but that perception and fear is difficult to overcome, so trackd's one-of-a-kind patching experience data at the heart of our platform is built to overcome what is, fundamentally, a human nature challenge."
Paperclip Inc. has appointed Megan Brandow as the company's new Head of Marketing.
Deepwatch has named Tracy Newell to the company's Board of Directors.
Guardsquare has tapped Kimberly Wood as the company's new CIO.
Sekura Mobile Intelligence has named Lawrence Twigg as the new Regional Chief Executive for Sub-Saharan Africa.
Naoris Protocol has appointed David Holtzman as Chief Strategy Officer.
InQuest has welcomed Darren Spruell as the company's Chief Intelligence Officer.
INSA has named Todd Probert to the company's Board of Directors.
Cybrary has named Marcus Hutchins as the company's first Cybrary Fellow.
Syxsense has tapped Mary Yang as the company's Chief of Marketing.
Axiad has named Jon Skoglund as the company's Chief of Finance.
Checkmarx has appointed Sandeep Johri as the company's new Chief Executive.
Securonix has appointed Sanjay Singh as the company's Chief Growth Officer.
Netskope has hired Daniel Fouladi as the company's Regional Sales Manager Telco and Service Provider for APAC.
Twitter has said goodbye to the head of its Twitter Blue service, Esther Crawford.
Veeam has appointed Dustin Driggs as the company's Chief Financial Officer.
Paladin Capital Group has welcomed Keith Mason to their team as a Venture Partner.
Appdome has made two new team additions: Jamie Bertasi as Chief Customer Officer, and Chris Roeckl as the company's Chief Product Officer.
Proofpoint has named Rémi Thomas as the company's new Chief Financial Officer.
SentinelOne has appointed Jane Wong as Senior Vice President of Product Management, and Lana Knop has been named Vice President of Product Management.
Bugcrowd has made an addition to its Advisory Board, Prabhath Karanth.
Twitter has reportedly said goodbye to its head of the Twitter Blue service, Esther Crawford, as well as at least 50 others, the Information reports, citing cost-cutting measures. Meta is reportedly downsizing and restructuring, with intentions for layoffs across multiple divisions within the company, Computing shared last week. Help Net Security discloses that executives are recognizing the inherent value of cybersecurity staff, though junior staff may be at risk of cuts in the current economic climate. Global skills shortages have also left executives open-minded to the idea of cybersecurity hiring and retention, the outlet recounts.