At a glance.
- Cellebrite acquires Corellium.
- Cyera secures $540 million in Series E round.
- Horizon3.ai raises $100 million.
Mergers and acquisitions.
Israeli mobile forensics company Cellebrite has agreed to acquire Florida-based mobile testing startup Corellium for $170 million. Cellebrite stated, "In the public sector, Corellium’s technology and talent will further enhance and broaden Cellebrite’s Digital Investigation Platform, while Corellium’s solution for mobile vulnerability research is expected to increase Cellebrite’s offerings for customers in the defense and intelligence sector. In the private sector, Corellium’s virtualization platform is expected to extend Cellebrite’s reach beyond eDiscovery and corporate investigation use cases through powerful virtualization solutions that enable development and security professionals to design the next generation of high-performance, secure mobile applications, IoT devices, and automotive systems."
Dallas-based managed security services firm LevelBlue has agreed to acquire Aon's Cybersecurity and Intellectual Property Litigation consulting groups, including Stroz Friedberg and Elysium Digital. The company stated, "With this acquisition, LevelBlue gains a globally recognized cyber and IP litigation consulting platform that includes a team of approximately 300 technology professionals with strong relationships across Fortune 500 enterprises, 80 percent of the Am Law 100, and a majority of Top 20 law firms in the UK."
Seattle-based application delivery and cloud security company F5 has acquired threat intelligence data analysis firm Fletch. F5 stated, "Fletch’s agentic AI capabilities will be fully integrated into the F5 Application Delivery and Security Platform (ADSP), transforming how teams navigate modern security chaos."
Connecticut-based risk management solution provider SDG has acquired Toronto-headquartered privileged access management company Synergetika. SDG stated, "This strategic move strengthens SDG’s delivery capabilities and deepens its expertise in helping organizations secure critical systems through expert PAM strategy and implementation."
Boston-based identity security and verification firm OneSpan has acquired California-headquartered FIDO passwordless authentication provider Nok Nok Labs. OneSpan stated, "Combined with OneSpan’s recently launched FIDO2 security keys, this strategic acquisition enables the Company to provide customers worldwide with the industry’s most innovative, comprehensive, and future-ready authentication portfolio."
NETGEAR has agreed to acquire SASE solution provider Exium. NETGEAR stated, "The acquisition builds on the company’s goal of delivering next-gen networking solutions that provide simplicity, reliability, and cost-effectiveness to small and medium enterprises. Exium’s products and expertise will help to add an integrated Secure Access Service Edge (SASE) platform to NETGEAR’s robust network offering. This solution will offer the first, completely integrated, network and security solution, purpose built for MSPs and SMEs."
Houston-based attack surface management firm Liongard has acquired Darklight's Cyio risk prioritization platform. Liongard stated, "Darklight Cyio is a strong strategic fit, enhancing Liongard’s platform capabilities and strengthening its value proposition for customers and partners. The transaction is accretive, aligns with the company’s growth strategy, contributes positively to earnings, and supports Liongard’s commitment to maintaining a strong financial foundation."
New York-headquartered security compliance firm Scytale has acquired IT General Controls (ITGC) automation company AudITech. Scytale stated, "This is a major milestone in our journey to reimagine compliance and accelerates our vision to become the go-to enterprise-grade solution for tackling complex compliance frameworks. With AudITech now onboard, we can continue transforming trust and security compliance in the enterprise space – offering complete solutions for companies at every stage, from startup to IPO, and strengthening our position as a global leader."
Investments and exits.
New York-based data security company Cyera has landed $540 million in a Series E round led by Georgian, Greenoaks, and Lightspeed Venture Partners, alongside existing investors Accel, Coatue, Cyberstarts, Redpoint, Sapphire Ventures, Sequoia Capital, and Spark Capital. The funding round doubles the company's valuation to $6 billion. The company stated, "This latest round will fuel Cyera’s growth across its product offerings on the data security platform, through acquisitions, hiring key talent, and building out capabilities across new and existing strategic markets globally."
San Francisco-based autonomous pentesting firm Horizon3.ai has raised $100 million in a Series D round led by NEA, with participation from SignalFire, Craft Ventures, and 9Yards Capital. The company says it will use the funding to expand across the Americas, EMEA, and APAC, as well as scaling its presence in the US Federal market. The company also plans to invest in product innovation, focusing on "application pentesting, vulnerability management, and precision defense."
Seattle-headquartered data loss prevention startup MIND has raised $30 million in a Series A round led by Paladin Capital Group and Crosspoint Capital Partners, with participation from Okta Ventures and existing investor YL Ventures. The company says the funding "will fuel MIND’s strategic growth and enhance its data security platform capabilities." MIND's CEO added that the company is positioned to "double our R&D and go-to-market teams by year’s end."
London-based cloud vulnerability management firm Maze has secured $25 million in a Series A round led by Theory Ventures, with participation from existing investors Cherry Ventures and Tapestry VC. The company says it "plans to continue growing its team and expand into new use cases for its AI-native security platform."
San Francisco-based secret management platform provider Infisical has raised $16 million in a Series A round led by angel investor Elad Gil, with participation from Y Combinator, Gradient Ventures (Google), and Dynamic Fund. The company says it's "growing fast and hiring across engineering, product, operations, and go-to-market — in San Francisco and globally."
German cyber insurance firm Baobab Insurance has secured €12 million (US$13.7 million) in Series A funding led by Viola FinTech and eCapital, with participation from existing investors Augmentum Fintech and Project A Ventures. According to FinSMEs, the company "intends to use the funds to expand operations, and its business reach across Germany and Austria, with additional countries to come, and further extend its product range for commercial customers."
San Francisco-based API security firm Impart Security has raised $12 million in a Series A round led by Madrona Ventures, with participation from CRV and 8-Bit Capital. The company stated, "The Series A funding will accelerate Impart's expansion into three key enterprise segments: financial services, healthcare, and infrastructure providers—industries where security speed directly impacts business operations. The company is also launching partnerships with major cloud platforms and channel partners to integrate autonomous security capabilities directly into enterprise deployment pipelines."
Spanish identity and access management company Ironchip has raised €1.5 million (US$1.7 million) in a funding round led by Sabadell Venture Capital. The company plans to use the funding to accelerate international expansion.
Executive moves.
Kaseya has named Rania Succar as its new CEO.
Orchid Security has appointed Tal Herman as Chief Product Officer and added Karl McGuinness, Darran Rolls, and Oliver Newbury to its advisory board.
HackerOne has named Nidhi Aggarwal as Chief Product Officer.
Veracode has hired Simon Adell as Chief Financial Officer.
SecurityBridge has appointed Roman Schubiger as Chief Revenue Officer.
Silverfort has named Howard Greenfield as President and Chief Revenue Officer.