At a glance.
- Proofpoint will acquire Normalyze.
- Armis raises $200 million as it targets IPO.
Mergers and acquisitions.
Sunnyvale, California-based cybersecurity firm Proofpoint has agreed to acquire Normalyze, a data security posture management company headquartered in Los Altos, California. Proofpoint stated, "With this acquisition, Proofpoint will further enhance its human-centric security platform with Normalyze’s leading AI-powered DSPM technology, allowing organizations to discover, classify and protect data at scale across SaaS, PaaS, public or multi-cloud, on-prem and hybrid environments, while prioritizing the reduction of human-centric risks in data security."
Nevada-based digital identity verification provider Socure will acquire San Francisco-headquartered risk decisioning company Effectiv for $136 million. Socure stated, "This strategic acquisition pairs Socure’s best-in-class digital identity verification and fraud solutions with a developer-friendly AI orchestration and decisions platform – a combination of technology not held by a single competitor, and one that will elevate the way the market combats fraud and verifies identities across the entire customer journey."
Investments and exits.
San Francisco-based cyber exposure management firm Armis has raised $200 million in a Series D round led by General Catalyst and Alkeon Capital, with participation from existing investors Brookfield Technology Partners and Georgian. The company stated, "The additional capital will enable Armis to continue with its 5 year strategy to build a multi-generational cybersecurity company, fuel strong organic product innovation and global go-to-market programs, while simultaneously taking advantage of game changing inorganic growth opportunities that may arise." Armis added, "The company is targeting a future IPO, and building a multi-generational company with the next major milestones being reaching the $500M ARR milestone along the journey to $1 billion ARR and beyond."
San Mateo, California-based data security posture management company Concentric AI has raised $45 million in a Series B round led by Top Tier Capital Partners and HarbourVest Partners, with participation from CyberFuture and existing investors Ballistic Ventures, Engineering Capital, Clear Ventures, and Citi Ventures. The company stated, "This new round of funding will enable Concentric AI to expand go-to-market strategies and accelerate its industry-leading data security innovations to further cement its leadership position in the AI-driven Data Security Governance market."
Virginia-based supply chain risk intelligence firm Interos has secured $40 million in a growth capital investment from funds managed by Blue Owl Capital. The company says "[t]he investment will focus on strengthening the company's product-led growth strategy, deepening its AI capabilities, and broadening its multi-vector go-to-market model."
Israeli agentic AI security startup Zenity has raised $38 million in a Series B round led by Third Point Ventures and DTCP. The company says "[t]he funds will be used to grow the team across product, engineering, sales and marketing, as well as launching a partner program to expand the ecosystem of supporting enterprises globally as they adopt agentic workflows including agentic AI, enterprise copilots and applications built on low-code platforms."
Israeli cloud detection and response firm Stream.Security has raised $30 million in a Series B round led by U.S. Venture Partners, with participation from Citi Ventures and existing investors Energy Impact Partners (EIP), Cervin Ventures, TLV Partners, and Glilot Capital Partners VC.
Italian cybersecurity awareness training platform Cyber Guru has raised $25 million in a Series B round led by Riverside Acceleration Capital, with participation from Educapital and existing investors Adara Ventures and P101 Ventures. The company says "[t]he investment will capitalise on Cyber Guru’s leading market position by accelerating the company’s aggressive AI-driven contextual training roadmap, increasing sales and marketing resources, and expanding its Go-To-Market operations across Europe to sustain the company’s continued customer growth."
Seattle-based data loss prevention startup MIND has emerged from stealth with $11 million in seed funding led by YL Ventures.
San Francisco-based identity verification platform Authologic has raised $8.2 million in a Series A round led by OpenOcean, with participation from YCombinator, Peak Capital, and SMOK VC.
Executive moves.
Swimlane has appointed Bob Parker as its new Chief Financial Officer.
Vanderbilt University has named Gregg R. Kendrick as CISO.
Corelight has added Rob Joyce and Ian West as new advisors to the company.