At a glance.
- Chainguard raises $356 million in Series D funding.
- Endor Labs secures $93 million in Series B round.
- Exaforce closes $75 million Series A round.
Mergers and acquisitions.
Atlanta, Georgia-based MSP Momentum has acquired Danish cybersecurity firm Secher Security. The company stated, "This strategic move further solidifies Momentum’s mission to deliver robust, secure connectivity and managed services to customers in EMEA and beyond."
Chicago-headquartered identity security company MajorKey Technologies has acquired Oxford Computer Group US, an identity specialist based near Seattle. MajorKey stated, "This acquisition builds on MajorKey’s June 2024 merger with Clango, further cementing its position as one of the most capable identity companies in the U.S. With expanded capabilities across key identity platforms such as CyberArk, SailPoint, Microsoft, Saviynt and Ping Identity, the combined organization will deliver enhanced services, greater scale and broader access to identity technologies for clients."
Investments and exits.
Kirkland, Washington-headquartered software development security company Chainguard has raised $356 million in a Series D round led by new investor Kleiner Perkins and existing investor IVP, with participation from new investors Salesforce Ventures and Datadog Ventures, as well as all other existing investors. The funding brings the company's valuation to $3.5 billion. Chainguard says it "will invest the new capital to further innovate its entire product suite, scale go-to-market operations, and continue to expand its presence in EMEA and APAC."
Palo Alto, California-based software supply chain security firm Endor Labs has secured $93 million in a Series B round led by DFJ Growth, with participation from Salesforce Ventures. The company stated, "We’re investing in scale. We’re hiring world-class engineers to continue building the deep tech that powers our platform. We’re expanding global go-to-market. And we’re evolving the product to support the next generation of AI-native security workflows."
California-based agentic AI SOC provider Exaforce has raised $75 million in a Series A round led by Khosla Ventures, Mayfield, and Thomvest Ventures. The company says the funding "allows us to scale our investment in R&D to refine our multi-model AI engine, train Exabots to perform more and more complex tasks, and onboard more design partners eager to see how an agentic SOC can transform their security operations."
Israeli cloud data security company Sentra has raised $50 million in a Series B round led by Key1 Capital, with participation from existing investors Bessemer Venture Partners, Zeev Ventures, Standard Investments, and Munich Re Ventures. The company says it "will leverage the new investment to fortify its position as a leader in the DSP space, grow its team of data security experts and continue to expand its platform to help organizations innovate confidently."
Israeli "virtual CISO" platform provider Cynomi has secured $37 million in a Series B round led by Insight Partners and Entrée Capital, with continued support from Canaan, Flint Capital, and S16VC. The company will use the funding to deepen its cybersecurity capabilities, fuel its go-to-market success, and expand its presence in the US and Europe.
Israeli application security firm Miggo Security has raised $17 million in a Series A round led by SYN Ventures, with participation from existing investor YL Ventures.
San Jose, California-based data security company Cy4Data Labs has raised $10 million in a funding round led by Pelion Venture Partners. The company says the investment "will accelerate Cy4Data Labs’ growth in sales and marketing, enabling more organizations to access its breakthrough solution."
Software supply chain security provider NetRise has secured $10 million in a Series A round led by DNX Ventures, with participation from existing investors Miramar Digital Ventures, Sorenson Capital, Squadra Ventures, and Talons Ventures. NetRise says the investment will enable the company "to bring its solutions to a broader market and address challenges in securing the software supply chain."
Picnic Corporation has rebranded as VanishID and raised $10 million in funding from Dell Technologies Capital, former Palo Alto Networks CEO Mark McLaughlin, Crosslink Capital, Rally Ventures, Energy Impact Partners, Bright Pixel, and LockStep Ventures. The company says it "will use the investment to continue to invest in go-to-market while also extending its capabilities in agentic AI remediations that seamlessly protect organizations and their key employees."
Israeli agentic AI-native penetration testing platform provider Terra Security has raised $8 million in a seed round led by SYN Ventures and FXP Ventures, with participation from Underscore VC and angel investors.
Open source security startup Hopper has emerged from stealth with $7.6 million in seed funding led by Meron Capital and New Era, with participation from the Sequoia Scout Fund, M-Fund, and angel investors.
Executive moves.
Tenable has named Steve Vintz and Mark Thurmond as its permanent co-CEOs. Vintz and Thurmond were appointed on an interim basis in December 2024, and led the company following the passing of Amit Yoran in January. Vintz was previously Tenable's Chief Financial Officer, while Thurmond served as Chief Operating Officer. The company stated, "Under the co-CEO structure, Vintz will oversee product, cyber security, corporate development and all general and administrative functions, while Thurmond will oversee GTM functions including sales, professional services, technical support, marketing, and customer success."
NetRise has appointed Rick Beattie as Chief Revenue Officer, Gary Schwartz as Vice President of Marketing, and Robbie Robbins as Vice President of Business Development and Partners.
MorganFranklin Cyber has named Raffi Joukhadarian as Chief Financial Officer.
Badge Inc. has hired Dan Kaufman as SVP of AI and Cybersecurity.