At a glance.
- Didomi acquires Sourcepoint.
- Exein raises €70 million in Series C round.
- Virtru secures $50 million.
Mergers and acquisitions.
French consent and preference management platform provider Didomi has acquired New York City-headquartered data privacy company Sourcepoint. Didomi stated, "The deal unites two established pioneers in privacy technology, combining global talent, complementary solutions, and deep expertise across privacy and consent use cases, supported by Marlin Equity Partners, which completed a majority investment in Didomi earlier this year to build the next enterprise privacy category leader."
Boston-based cybersecurity and IT outsourcing provider Thrive has acquired Florida-based MSSP Abacode. The company says the acquisition "further strengthens Thrive’s compliance solutions and adds to its growing footprint in the Southeast U.S."
Italian defense firm Leonardo has acquired Swedish zero-trust security provider Axiomatics. Leonardo says the acquisition is a "further step consolidating the company’s position of leadership in Trusted Cyber Security and contributing to Europe's digital autonomy."
British private equity firm Hg has acquired a majority stake in Florida-based cybersecurity compliance provider A-LIGN. A-LIGN stated, "The partnership with Hg will support A-LIGN’s ambitious growth plans, leveraging Hg’s extensive network to accelerate its global expansion, and building on Hg’s commitment and expertise in data and AI to drive significant value for A-LIGN’s customers."
Investments and exits.
Italian IoT security firm Exein has raised €70 million (US$81 million) in a Series C round led by Balderton, with participation from Supernova, Lakestar, and existing investors 33N, United Ventures, and Partech. The company stated, "With this new capital, we’ll accelerate our global expansion into key markets such as the United States, Japan, Taiwan, and South Korea, while further strengthening our leadership among European companies. It will also fasten the development of our next-generation technologies, including runtime security solutions designed for AI infrastructure and large language models (LLMs)."
Washington, DC-headquartered email encryption and data security firm Virtru has secured $50 million in funding led by ICONIQ, with participation from Bessemer Venture Partners, Foundry, and the Chertoff Group. The funding doubles the company's valuation to $500 million. The company stated, "The new funding will fuel Virtru’s continued growth across both public and private sectors—accelerating the global adoption of [Trusted Data Format], expanding protection for sensitive AI and analytics workflows, and scaling mission-critical solutions for defense and critical infrastructure partners."
New York City-based security and compliance automation provider Zip Security has raised $13.5 million in a Series A round led by Ballistic Ventures, with participation from Silver Buckshot, Mantis VC, and existing investors General Catalyst, Human Capital, and Box Group. The company "will use the new funding to grow its engineering and go-to-market, build new integrations with third-party tools, and deepen its presence in industries including defense, finance, health, and software." Zip is also offering two months of free access to its platform to any startup from Pre-seed to Series B.
New York City-based FedRAMP compliance automation platform provider Knox has raised $6.5 million in seed funding led by Felicis, with participation from Ridgeline and FirsthandVC.
Arkansas-based OT cybersecurity firm Bastazo has raised $5.3 million in a seed round led by Cortado Ventures. According to FinSMEs, the company "intends to use the funds to expand operations and its development efforts."
London-based video privacy and redaction company Pimloc has raised $5 million in funding led by Amadeus Capital Partners and Edge Ventures, with participation from Zetta Venture Partners, MD One, and Symvan Capital. The company says the investment will accelerate "global expansion across the United States, Europe, and beyond." Pimloc added, "The company will scale its presence across privacy-critical sectors – from healthcare and public safety to insurance, education, and transportation – while deepening ecosystem integrations and advancing into high-growth use cases such as screen redaction, creative content compliance, and fintech workflows."
Virginia-based machine identity provider Corsha has secured a strategic investment from Booz Allen Hamilton. Booz Allen said in a press release that it "will work with Corsha to expand the portfolio company’s research and development lab, scale its AI and machine learning capabilities, and support the advancement of Corsha’s operations in critical manufacturing environments to deliver mission outcomes."
Executive moves.
Kristofer Mansson has retired from his two-decade stint as CEO of Silobreaker, appointing Geoff Brown as his successor. Mansson will now serve as the company's Chairman. Geoff Brown previously served as President and CEO of Arete.
Robert Shaker II has joined ActiveState as Chief Product and Technology Officer.
MorganFranklin Cyber has promoted Nick Stallone and Ferdinand Hamada to newly created roles. Stallone has been named Head of Strategy & Planning and Chief of Staff, while Hamada has been appointed Head of Sectors and Chief Revenue Officer.
Sophos has appointed Jessica Newman as General Manager of Global Cyber Insurance.
Everfox has appointed Ned Miller as Vice President of Global Government Sales, Jim Coulter as Senior Director for Everfox's Defense Department Sales Team, and Ossen D'Haiti as Senior Director of the company's Intelligence Community Sales Team.
Thrive has named Nicholas J. Smolansky as Chief Legal Officer.