At a glance.
- Zscaler acquires Avalor.
- Nozomi Networks raises $100 million in Series E round.
Mergers and acquisitions.
California-based cloud security company Zscaler has acquired Israeli cybersecurity startup Avalor, SecurityWeek reports. Jay Chaudhry, CEO, Chairman, and founder of Zscaler, stated, "Zscaler operates the world’s largest security cloud with the most relevant data to train security specific large language models (LLMs) and with the Avalor acquisition, we can more effectively identify vulnerabilities, while predicting and preventing breaches."
Israeli cloud security company Wiz has agreed to acquire Tel Aviv-based cloud incident detection and response firm Gem Security for $350 million, Globes reports. Wiz stated, "This is an exciting time for Wiz. Although we cannot talk about specific moves until they are officially completed, the company is at a unique point in time in examining mergers and acquisitions that will expand the value offered by our technology to customers."
Cyber Security Associates (CSA), the cyber division of London-based cloud solution provider FluidOne, has acquired penetration testing and cyber risk management firm SureCloud Cyber Services (also based in the UK). FluidOne stated, "The acquisition will enable CSA to enhance its services and provide its customers with a more comprehensive range of cyber security solutions against the ever-growing cyber threat."
Following the acquisition, "FluidOne’s CEO, Russell Horton, is to become Chairman of SureCloud Cyber Services, with FluidOne Directors Simon Ward, Chris Rogers and Roy Hastings also becoming board directors."
Investments and exits.
San Francisco-headquartered OT and IoT security firm Nozomi Networks has secured $100 million in a Series E round from Mitsubishi Electric and Schneider Electric. The company says it "will use this latest investment to help scale product development efforts as well as its go-to-market approach globally."
Boston-based cyber risk management software provider CyberSaint has raised $21 million in a Series A round led by Riverside Acceleration Capital (RAC), with participation from Sage Hill Investors, Audeo Capital, and BlueIO. The company says the funding "will build on customer momentum, accelerate market expansion, and continue the innovation of CyberSaint’s CyberStrong platform powered by its patented Artificial Intelligence (AI) technology."
Estonian bot mitigation firm BotGuard has raised €12 million (US$13 million) in a Series A round led by MMC Ventures, with participation from existing investors Tera Ventures and Expeditions Fund. According to FinSMEs, the company "intends to use the funds to further develop its technology, recruit tech development talent, and expand its sales and marketing teams as it continues to scale globally."
San Francisco-based cybersecurity startup Redcoat AI has emerged from stealth with $4.24 million in funding led by Pear VC, with participation from Leonis Capital, Sancus Ventures, Kyber Knight, and others. The company says the funding "will accelerate the platform's development and expand its reach."
Vancouver-headquartered secure enterprise microservices development startup Codezero has secured $3.5 million in a seed funding round led by Ballistic Ventures, with participation from existing angel investors. The company stated, "With the new capital, Codezero is set to grow its sales and marketing teams and expand its partner network. This move is strategic for the company’s reach into enterprise DevOps and DevSecOps organizations, cloud-service providers, and cloud-migration specialists."
Ladera Ranch, California-based cybersecurity AI startup Auguria has emerged from stealth with a seed funding round from SYN Ventures and SentinelOne's S Ventures.
Executive moves.
Coalfire has named Charles Henderson as EVP of Cyber Security Services.
Palo Alto Networks has appointed Kunal Ruvala as Senior Vice President and General Manager for Palo Alto Networks India.
Security Risk Advisors has hired Joe Cicero as Director of Strategic Alliances.
Infoblox has added Yvonne Wassenaar to its board of directors.