At a glance.
- 1Password acquires Trelica.
- Keepit secures $50 million in funding.
- Tenable CEO Amit Yoran passes away.
Mergers and acquisitions.
Canadian password manager provider 1Password has acquired UK-based SaaS access management company Trelica. 1Password stated, "This strategic acquisition will accelerate the delivery of new capabilities in the 1Password Extended Access Management platform, which secures every sign-in to every app on every device. By acquiring technology that enables security teams to discover and manage access to previously unknown and unmanaged apps, 1Password further solidifies its first-to-market advantage in the emerging Extended Access Management (XAM) software category."
Massachusetts-headquartered application risk management company Veracode has acquired Phylum's malicious package analysis, detection, and mitigation technology. Veracode stated, "The acquisition enhances Veracode’s ability to identify and block malicious code in open-source libraries, marking continued investment in its software supply chain risk management capabilities."
Cisco has announced its intent to acquire Virginia-headquartered threat detection and engineering platform SnapAttack. Cisco stated, "SnapAttack will provide critical threat detection and engineering (TD/E) technology, intellectual property, and expertise to help Cisco’s Splunk further accelerate its organic threat detection content and engineering roadmap."
OPSWAT has acquired ICS cybersecurity company Fend Incorporated. Benny Czarny, CEO and founder of OPSWAT, stated, "Fend's solutions are a strategic addition to our portfolio, allowing OPSWAT to deliver unparalleled security for customers' most critical assets. This strategic move broadens OPSWAT's existing product offering that includes high-speed data diodes and unidirectional gateway solutions to mobile, cell-based, cloud-based, and ruggedized products to support more critical infrastructure needs."
Israeli threat exposure validation company Cymulate has acquired cybersecurity strategy management startup CYNC Secure (also based in Israel). Cymulate stated, "This strategic acquisition will accelerate time-to-market for the comprehensive Continuous Threat Exposure Management (CTEM) platform that Cymulate will launch in 2025, incorporating CYNC Secure’s unique approach to consolidating diverse vulnerability datasets."
Austin, Texas-based identity security company SailPoint will acquire Imprivata's identity governance and administration business as part of a strategic partnership between the two companies. The companies stated, "Through this partnership, SailPoint will promote Imprivata as its exclusive enterprise access management solutions partner in healthcare, and likewise, Imprivata will promote SailPoint as its exclusive identity security partner in healthcare. Both parties will develop high-fidelity technical integrations between Imprivata Enterprise Access Management (EAM) and SailPoint Identity Security Cloud."
New York City-based blockchain analysis firm Chainalysis has acquired web3 security platform Hexagate. The company stated, "Together, Chainalysis and Hexagate provide a holistic risk solution that includes prevention, compliance, and remediation."
Investments and exits.
Danish data protection and backup provider Keepit has secured $50 million in a funding round led by existing investor One Peak, and EIFO, the Export and Investment Fund of Denmark. The company says the "investment will be directed towards expanding the company’s go-to-market efforts and fueling continued product innovation."
San Francisco-based risk intelligence platform Bureau has raised $30 million in a Series B round led by Sorenson Capital, with participation from PayPal Ventures and existing investors Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures. The company says the funding "will accelerate Bureau's product expansion into new use-cases, and geographical expansion to several new markets worldwide to meet a significant surge in global demand."
London-based AI model security startup Mindgard has raised $8 million in a funding round led by .406 Ventures, with participation from Atlantic Bridge, Willowtree Investments, and existing investors IQ Capital and Lakestar. The company has also appointed Dave Ganly as Head of Product and Fergal Glynn as VP of Marketing, who "will play a critical role in the company’s product development and launch Mindgard’s expansion into the North American market with a leadership presence in Boston."
Executive moves.
Amit Yoran, CEO of Tenable and a respected leader in the cybersecurity community, passed away on Friday at the age of 54 following a battle with cancer. Yoran became Tenable's CEO in 2016, previously serving as president of RSA, founding CEO of NetWitness, and CEO of In-Q-Tel. He also served as a founding member of the US Department of Defense's Computer Emergency Response Team.
Tenable's CFO Steve Vintz and COO Mark Thurmond will lead the company as co-CEOs until a new chief executive is found. Tenable said in a press release, "A visionary leader and a pioneer in the cybersecurity industry, Amit dedicated his life to making the digital world safer. His unwavering commitment to innovation and relentless pursuit of excellence transformed Tenable into a global leader in exposure management. His contributions to the field have left an indelible mark, not only on the company but on the broader cybersecurity community."
Flashpoint has appointed David Lemon as President.
Cynomi has hired Dror Hevlin as Chief Information Security Officer.
Former NSA Cybersecurity Director Rob Joyce has joined DataTribe as a venture partner.