At a glance.
- Cisco to acquire Robust Intelligence.
- Omnisient raises $7.5 million in a Series A round.
Mergers and acquisitions.
Cisco has announced its intent to acquire San Francisco-based AI application security firm Robust Intelligence. Cisco stated, "The combination of Cisco and Robust Intelligence means that we can deliver advanced AI security processing seamlessly into the existing data flows, by inserting it into Cisco security and networking products. This will provide Cisco with unparalleled visibility into all of a customer’s AI traffic, enabling customers to build, deploy, and secure AI applications with confidence."
India-based cybersecurity provider TAC Security will acquire New Mexico-headquartered vulnerability management firm Cyber Sandia. TAC stated, "Cyber Sandia holds a critical State-Wide Agreement with the State of New Mexico for IT Professional Services, which makes this strategic acquisition a key opportunity for TAC Security to significantly bolster its presence in the U.S. public sector. This will also enable the company to expand its cybersecurity services nationwide across the US—the largest market in the world."
Investments and exits.
South African secure data collaboration platform provider Omnisient has secured $7.5 million in a Series A round led by Arise. The company says the investment "will support Omnisient’s plans to take its technology to markets in Africa, the UK, the USA and the Middle East."
Danish password manager provider Uniqkey has raised €5.35 million (US$5.9 million) in a funding round led by BackingMinds, with participation from angel investors. SecurityWeek says the company "will use the new funding to scale its technology to support more organizations, mainly small-to-medium-sized businesses."
Los Angeles-based consumer data protection firm PrivacyHawk has raised $3 million in funding from US News & World Report, K Street Capital, ffVC, Cadron Capital, Alliance Catalyst Fund, Array, Liebenthal Ventures, Alumni Ventures, Duro, and Gaingels. The company says it "plans to use the funds to invest in improving its flagship product and to continue to grow awareness among the masses."
London-based cybersecurity specialist Cybanetix has received an investment from Phoenix Equity Partners. The amount of the funding wasn't disclosed.
Executive moves.
HackerOne has appointed Kara Sprague as its new CEO, effective November 4th. HackerOne's current CEO, Marten Mickos, "will continue to play a strategic advisory role for the company."
RapidFort has named George Manuelian as Chief Strategy and Revenue Officer.
1Password has added Mark Anderson to its board of directors.