At a glance.
- Entrust is in discussions to acquire Onfido.
- Incognia raises $31 million.
Mergers and acquisitions.
Minneapolis-based identity, payments, and data security firm Entrust is in discussions to acquire London-headquartered digital identity verification company Onfido, PYMNTS reports. Todd Wilkinson, president and CEO of Entrust, stated, "Onfido IDV solutions have proven their value in Europe’s high-compliance environment. With the proposed acquisition of Onfido, Entrust would have the opportunity to provide unmatched identity security solutions at a time when they are needed most among enterprises and institutions."
Australian tech company Spirit Technology Solutions has acquired Sydney-headquartered cybersecurity firm InfoTrust. InfoTrust will merge with Spirit's cyber division, Intalock. InfoTrust stated, "The move will significantly expand our human talent and capabilities, particularly related to Security Operations, Managed Services and Incident response with Intalock recently opening a state-of-the-art Security Operations Centre (SOC) in late 2023."
Investments and exits.
San Jose, California-based Incognia, a company that uses location mapping for fraud prevention, has raised $31 million in a Series B round led by Bessemer Venture Partners, with participation from FJ Labs and existing investors Point72 Ventures, Prosus, and Valor Capital. The company says the funding "will support Incognia’s continued development of cutting-edge digital identity signals, along with the company’s presence in North America, Europe, and EMEA, as well as its expansion into new verticals, including consumer internet, financial services, and eCommerce."
Reken, a San Francisco-based startup that seeks to combat threats from generative AI, has raised $10 million in a seed funding round led by Greycroft and FPV Ventures, with participation from Firebolt Ventures, Fika Ventures, Omega Venture Partners, Homebrew, and JAZZ Venture Partners, SecurityWeek reports. Reken is still in stealth mode, and plans to unveil its product later this year. The company will use the seed funding for research and development.
Wiz has hired Dali Rajic as president and Chief Operating Officer, Channel News Asia reports. Rajic previously served as COO at Zscaler.
Swimlane has appointed Chris Hoff as its Chief Revenue Officer.
Logpoint has hired Sean Muirhead as Chief Product Officer, SecurityBrief reports.
Neuvik Solutions has added Jean-François Maes as Director of Advanced Assessments in Europe, Cybersecurity Dive reports.
Netskope has hired Jenn Jakubowicz as Senior Director of Global Channels & Alliances Marketing, CRN reports.
Palo Alto Networks has appointed Sarene Lee as its leader for Malaysia, Channel Asia reports.