At a glance.
- Wiz raises $1 billion.
- Akamai to acquire Noname Security for $450 million.
Mergers and acquisitions.
Akamai has agreed to acquire API security company Noname Security for approximately $450 million. Akamai says the acquisition "will enhance Akamai’s existing API Security solution and accelerate its ability to meet growing customer demand and market requirements as the use of APIs continues to expand. Akamai also expects to gain greater scale with Noname’s additional sales and marketing resources, and established channel and alliance relationships."
Investments and exits.
Israeli cloud security startup Wiz has raised $1 billion in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, with participation from Greylock, Wellington Management, Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital. The company plans to use the funding for strategic acquisitions, as well as product expansion and talent acquisition.
San Francisco-based network detection and response firm Corelight has secured $150 million in a Series E round led by Accel, with participation from Cisco Investments and CrowdStrike. The company says the funding "will accelerate Corelight's AI-driven security innovation, cloud-native security capabilities, and data fusion partnerships with leading cybersecurity platforms to deliver transformative capabilities for SOC analysts and incident response teams."
TXOne Networks, an ICS security company based in Taiwan and Texas, has raised $51 million in a Series B extension from TGVest Capital, Pegatron Group, CDIB Capital Group, and CDIB-Innolux II, as well as new investors Taiwania Capital, Applied Ventures ITIC Innovation Fund, and ITIC-Taiwan.
Palo Alto, California-headquartered zero-trust privileged access company StrongDM has raised $34 million in a Series C round led by Anchor Capital, with participation from Capital One Ventures, Cisco Investments, Frontline Ventures, Singtel Innov8, and existing investors GV, Sequoia Capital, and True Ventures. The company stated, "With the new funds, StrongDM will expand its operations into the Europe, Middle East, and Africa (EMEA), and Asia-Pacific (APAC) regions, addressing the growing demand for modern security solutions. The company is also establishing an engineering center of excellence in Poland, bringing its innovations closer to global customers."
San Francisco-based security review platform provider SafeBase has raised $33 million in a Series B round led by Touring Capital, with participation from Zoom Ventures and existing investors NEA (New Enterprise Associates), Y Combinator, Comcast Ventures, and Cerca Partners.
San Francisco-headquartered API security company Traceable AI has secured $30 million in a strategic investment led by IVP, with participation from Citi Ventures, Geodesic Capital, Sorenson Capital, and Unusual Ventures. The company says the investment "will propel Traceable's next growth phase, empowering the company to supercharge product innovation, bolster security research initiatives, and strategically scale its sales, marketing, and channel partner programs worldwide."
Ransomware defense company Mimic has emerged from stealth with $27 million in seed funding led by Ballistic Ventures, with participation from Menlo Ventures, Team8, Wing Venture Capital, and Shield Capital.
Israeli browser security startup LayerX has raised $26 million in a Series A round led by Glilot+, with participation from Dell Technologies Capital and others. The company says the funding "will be used for corporate growth across talent and increasing global market presence."
Belgian application security testing platform provider Aikido has raised $17 million in a Series A round led by Singular, with participation from Notion Capital and Connect Ventures. The company says the "funding will allow us to deepen our platform and push Aikido onto the global stage."
Atlanta-based cybersecurity compliance platform provider Apptega has raised $15 million in growth capital from Mainsail Partners. The company says the funding "will go toward development of its continuous security and compliance platform."
Michigan-headquartered healthcare cybersecurity firm Blackwell Security has raised $13 million in a funding round led by General Catalyst and Rally Ventures. The company says the "funding will be instrumental in expanding their Managed Healthcare Extended Detection and Response (MHXDR) offering," as well as expanding its offerings in the US market.
Executive moves.
Blackwell Security has named Geyer Jones as its first CEO.
Heimdal has appointed Jesper Frederiksen as its new Chief Executive Officer.
Hawcx has appointed Lakshmi Sharma as Chief Product Officer.
Searchlight Cyber has hired Tim Warner as VP of Global Enterprise Sales.
Trustwave has appointed Keith Ibarguen as Senior Vice President of Engineering.