Top stories.
- Veeam to acquire Securiti AI for $1.7 billion.
- Dataminr will acquire ThreatConnect for $290 million.
Mergers and acquisitions.
Seattle-headquartered data resilience company Veeam has signed a definitive agreement to acquire San Jose, California-based data security posture management firm Securiti AI for $1.7 billion, TechCrunch reports. The transaction is expected to close in the fourth quarter of 2025. Veeam said in a press release, "With the acquisition of Securiti AI, Veeam eliminates the challenge of managing fragmented data across apps, clouds, SaaS, endpoints, and backups. CIOs, CISOs, and CDOs will have a unified command center to fully control and understand all their data, as well as secure it with near-zero data loss or business downtime, recover and rollback data and AI with precision, and safely unleash AI innovation." Following the acquisition, Securiti's CEO Rehan Jalil will join Veeam as President of Security and AI.
Manhattan-based threat intelligence firm Dataminr has announced its intent to acquire Arlington, Virginia-based threat intelligence platform provider ThreatConnect for $290 million. Dataminr's founder and CEO Ted Bailey stated, "By uniting our AI platform with the capabilities of ThreatConnect, Dataminr will fuse external public data signals and internal client data to pioneer the first-ever real-time Client-Tailored intelligence." Dataminr added, "Existing ThreatConnect customers can expect continued support and development, along with accelerated innovation for the product they rely on today. Over time, both ThreatConnect’s and Dataminr’s Pulse for Cyber Risk customers will be offered enhancements that combine the two products’ capabilities, advancing the next generation of threat intelligence.
San Diego-based risk management firm AuditBoard has acquired McLean, Virginia-based AI governance platform FairNow. The company stated, "The acquisition is intended to significantly expand AuditBoard's platform, creating a unified, AI-first solution for managing all enterprise risk."
Massachusetts-based Imprivata, an access management firm focused on the healthcare industry, has acquired Austin, Texas-based identity threat detection and response provider Verosint. Imprivata says the acquisition "will strengthen the company’s advanced and passwordless access strategy to bolster security, improve workflow efficiency, and drive ROI at enterprise scale."
San Francisco-based SIEM provider Panther has acquired security data pipeline company Datable. Panther says the acquisition "doubles down on our core data strengths and accelerates delivery of a complete AI SOC platform for our customers." Datable's founder and CEO, Julian Giuca, will join Panther as Chief Product Officer.
Dallas, Texas-based business advisory firm Riveron has acquired Austin-based cybersecurity compliance provider Eden Data. Riveron says the move "significantly expands the scope and depth of Riveron’s Risk Advisory solutions, creating a comprehensive platform that spans financial controls, compliance, and emerging technology risk management."
Dubai-headquartered pharmaceutical company EarlyHealth Group has acquired cybersecurity firm CYB3R (also based in Dubai). EarlyHealth stated, "This strategic diversification and cross-industry investment positions CYB3R with a global footprint whilst expanding its delivery of turnkey solutions to the life sciences industry and government organizations."
Pennsylvania-based SMB cybersecurity firm Fathom Cyber has merged with security compliance firm Peak InfoSec and Florida-based IT consultancy Ascend Cyber, and will do business under the Ascend Cyber brand. Fathom stated, "The combined companies will be able to deliver a whole suite of services, from consulting to training to CMMC C3PAO Certification Assessments."
Dutch private equity firm Main Capital Partners has acquired San Francisco-headquartered data privacy management company TrustArc. TrustArc says the acquisition will help the company accelerate innovation and expand its presence throughout Europe and India.
Investments and exits.
Bellevue, Washington-headquartered cloud governance platform provider CoreStack has raised $50 million in growth financing from Post Road Group. The company stated, "The transaction includes $50 million of funded debt to optimize CoreStack's capital structure and the potential for meaningful additional capacity to support product innovation, accelerated market expansion, and pursuit of inorganic growth opportunities, while maintaining operational agility and control."
San Francisco-based Keycard, a company that provides an identity and access platform for AI agents, has emerged from stealth with $38 million in seed and Series A funding. The $8 million seed round was led by Andreessen Horowitz and Boldstart Ventures, while the $30 million Series A round was led by Acrew Capital, with additional support from Essence Ventures, Exceptional Capital, Mantis VC, Modern Technical Fund, Tapestry Ventures, Vermillion Cliffs Ventures, and angel investors. The company "plans to use the funding to continue to advance its identity and access platform and to expand its R&D team."
California-headquartered payment data security firm Basis Theory has raised $33 million in a Series B round led by Costanoa Ventures, with participation from Stage 2 Capital, Moneta VC, and existing investors including Bessemer Venture Partners, Kindred Ventures, Box Group, and Offline Ventures. The company says the funding "will accelerate its work with agentic commerce while expanding its enterprise-grade payment vault for merchants worldwide." The company also "plans to expand its engineering, product, and go-to-market teams."
Palo Alto, California-based identity and access management provider Defakto has secured $30.7 million in a Series B round led by XYZ Venture Capital, with participation from existing investors The General Partnership, Bloomberg Beta, and WndrCo. The company says it will use the funding to accelerate product development and expand go-to-market efforts.
Israel- and Boston-based 5G network security firm OneLayer has raised $28 million in a Series A round led by Maor Investments, with participation from McRock Capital, Chevron Technology Ventures, and existing investors Viola Ventures, Grove Ventures, and Koch Disruptive Technologies. The company says the funding will enable it "to accelerate its go-to-market motions and expand product capabilities as enterprises rapidly adopt private cellular networks for critical operations." Additionally, OneLayer will "[s]cale geographic expansion beyond North America following successful entry into Latin American markets, and further expand European operations."
Augusta, Georgia-based browser isolation firm Conceal has secured $26 million in a Series B round led by Two Bear Capital, with continued support from Allegis Cyber and Gula Tech Adventures. The company says the investment "will accelerate product development, expand go-to-market initiatives, and grow the Conceal team."
San Francisco-based digital identity verification company Glide Identity has raised $20 million in a Series A round led by Crosspoint Capital Partners, with participation from Amigos Venture Capital, Singtel Innov8 Ventures, and Sir Ronald Cohen.
Minneapolis-based data security and analytics firm Gravwell has raised $15.4 million in a Series A round led by Two Bear Capital, with participation from Gula Tech Adventures, Next Frontier Capital, and others. The company stated, "The new investment will accelerate the evolution of Gravwell’s product offering, enabling it to deliver solutions that address rapidly emerging use cases for data analysis and security. Funding will also support go-to-market strategies designed to build on the company’s current momentum."
Spanish quantum key distribution company LuxQuanta has secured €8 million (US$9.3 million) in a Series A round led by Big Sur Ventures with support from A&G, and participation from GMV, Wayra, EIC Fund, Corning, and GTD. The company stated, "This milestone funding marks LuxQuanta’s transition from a promising startup to a global scale-up, enabling the company to scale production, advance research and development in quantum technologies and integrated photonics, expand its commercial, technical, and operational teams, and accelerate international market expansion."
London-based MSSP CybaVerse has raised £5 million (US$6.7 million) in a Series A round led by Pembroke VCT and Airbridge Equity Partners, with participation from Haatch. The company stated, "The new funding will accelerate our sales and marketing efforts, expand our team, and support continued product development of our proprietary platform, CybaOps. It also marks a switch from founder-led sales to a scalable SaaS growth model."
Charlottesville, Virginia-based cyber risk management platform HOOTL (doing business as "RIIG Technology") has raised $6.5 million in Series A funding led by 5IR Funds. According to FinSMEs, the company "intends to use the funds to accelerate its product development, regulatory readiness, and market expansion."
Arlington, Virginia-based agentic AI SOC provider Bricklayer AI has secured $5 million in seed funding led by Tech Square Ventures, with participation from existing investors Sovereign’s Capital, Dreamit Ventures, and BlueWing Ventures. The company says it "will use the funds to accelerate product development, expand go-to-market operations, invest in customer experience, and meet growing enterprise demand for AI-driven security automation."
US- and India-based data security company Matters.AI has secured $4.75 million in seed funding led by Kalaari Capital and Endiya Partners, with participation from Better Capital, Carya Venture Partners, and angel investors. The company says the funding "will fuel research and development in predictive defense, a US expansion, and scaling engineering to meet enterprise demand."
London-based identity governance startup Ploy has raised £2.5 million (US$3.3 million) in a seed round led by Osney Capital, with participation from Superseed, Tiny.vc, Rule30, and angel investors. The company says the funding "will accelerate Ploy's product development and scale its go-to-market."
Finnish generative AI security firm NROC Security has secured $2 million in seed funding led by Great North Ventures, with participation from Icebreaker.vc and Hannu Turunen, and Leo Capital. NROC's CEO Antti Reijonen stated, "This investment will help us scale our team and expand our solution to let even more security teams champion employee use of GenAI apps."
London-based data security startup Theodosian has raised $1.3 million in a pre-seed round led by Fuel Ventures, with participation from D11Z Ventures, 1818 Venture Capital, Heartfelt, Startup Wise Guys, and angel investors, FinTech Global reports. The company will use the funding to complete the first version of its platform and expand its customer base.
Executive moves.
RAD Security has appointed Raj Umadas as CISO. Umadas has previously held security leadership roles at Spotify, Squarespace, Etsy, and ActBlue Technical Services.
Vercel has named Talha Tariq as CTO of Security. Tariq previously served as CTO of Security at IBM.
Mimecast has appointed Graham Douglas as Chief Customer and Revenue Officer. Douglas most recently served as Mimecast's Senior Vice President of the Americas.
Outpost24 has named Liz Drysdale as Chief Marketing Officer. Drysdale previously served as a Board Advisor for AlphaGen Analytics and EMEA Vice President of Marketing for SentinelOne.
Arkose Labs has appointed Mandeep Khera as Chief Marketing Officer. Khera has previously held senior leadership roles at HP, VeriSign, and Gigamon.
NetRise has added Dr. Allan Friedman as a strategic advisor. Friedman is a former Senior Advisor and Strategist for the Cybersecurity and Infrastructure Security Agency (CISA).