Investments and insights.
$187M RAISED | 7 DEALS | 3 COUNTRIES
- Doppel secures $70 million, Series C round led by Bessemer Venture Partners.
- Apono raises $34 million, Series B round led by US Venture Partners.
- Bedrock Data secures $25 million, Series A round led by Greylock Partners.
- Nudge Security raises $22.5 million, Series A round led by Cerberus Ventures.
- Humanix lands $18 million in combined Seed and Series A funding from Acrew Capital and BoldStart Ventures.
- Mate emerges from stealth with $15.5 million in seed funding from Team8 and Insight Partners.
- FALKIN secures $2.1 million in pre-seed funding led by TriplePoint Ventures.
San Francisco-based social engineering defense platform Doppel has secured $70 million in a Series C round led by Bessemer Venture Partners. The company says the "new funding will accelerate product innovation across Doppel's Digital Risk Protection product portfolio and expand its Human Risk Management offerings."
Israeli cloud permissions management company Apono has raised $34 million in a Series B round led by US Venture Partners, with participation from Swisscom Ventures, Vertex Ventures, 33N Ventures, and existing investors. The company says the funding "will be used to accelerate development of AI-powered access intelligence and policy automation, expand go-to-market operations in the U.S. and new international markets, and scale Apono's engineering and sales teams to meet growing enterprise demand."
Menlo Park, California-based data security firm Bedrock Data has secured $25 million in a Series A round led by Greylock Partners, with participation from Mangusta Capital, Mantis Venture Capital, Pier 88 Investment Partners, and others. The company stated, "The funding will accelerate product development and continued innovation in scalable data security, integrations, classification, and AI governance. It will also expand go-to-market operations to meet rapidly growing enterprise demand for securing and governing data access across IaaS, PaaS, SaaS, and AI systems at multi-petabyte scale."
Austin, Texas-based SaaS security management provider Nudge Security has raised $22.5 million in a Series A round led by Cerberus Ventures, with participation from existing investors Ballistic Ventures, Forgepoint Capital, and Squadra Ventures. The company says the funding "will fuel product innovation and go-to-market expansion."
San Francisco-based social engineering protection company Humanix has raised $18 million in combined Seed and Series A funding. The Series A was led by Acrew Capital, while BoldStart Ventures led the Seed round.
Israeli AI-powered SOC provider Mate has emerged from stealth with $15.5 million in seed funding from Team8 and Insight Partners. The company says the funding "will support Mate’s expansion of its engineering team, extended design-partner collaborations, and preparation for broader enterprise rollout."
UK-headquartered scam prevention startup FALKIN has secured £1.6 million (US$2.1 million) in pre-seed funding led by TriplePoint Ventures, with participation from Notion Capital, BackFuture Ventures, Aviva/Founders Factory, Haatch, Found Capital, and Founders Capital. The company says the funding "will be used to accelerate hiring, product development, and integrations with financial institutions while supporting the launch of Safety Labs, which gives community banks and credit unions a structured way to easily deploy and evaluate customer-facing scam-prevention tools with minimal lift."
Mergers and acquisitions.
3 DEALS | 2 COUNTRIES
- Huntress acquires Microsoft 365 security firm Inside Agent.
- Cloudflare will acquire AI model deployment firm Replicate
- SAFE has acquired threat exposure management firm Balbix.
Maryland-based cybersecurity provider Huntress has acquired London-headquartered Microsoft 365 security firm Inside Agent. The company stated, "This strategic acquisition expands Huntress’ identity security offerings and accelerates the development of a new Identity Security Posture Management (ISPM) solution designed to proactively strengthen defenses for businesses of all sizes."
Cloudflare has announced its intent to acquire San Francisco-based AI model deployment firm Replicate. Cloudflare stated, "This acquisition will accelerate the company’s vision to make Cloudflare Workers the leading end-to-end platform for building and running scalable, fast, and reliable AI applications. Soon, developers building on Cloudflare will be able to access any AI model globally with just one line of code."
Palo Alto, California-based cyber risk quantification company SAFE has acquired San Jose, California-based threat exposure management firm Balbix. SAFE stated, "With this milestone, SAFE and Balbix unveil the ultimate Agentic-AI-powered cyber risk platform – one that links every exposure, control failure, and vulnerability to real business impact, a capability unmatched by any CTEM and CRQ vendor today."
Executive moves.
Expel has named Justin Bajko as its Chief Strategy Officer. Bajko is a co-founder of Expel, and previously served as the company's VP of Strategy and Business Development.
Finastra has named Ali Khan as Chief Data Officer, Matthew McCormack as Chief Information Security Officer, and Sanjay Jain as Chief Information Officer.
AXA XL has promoted Rob Malone to US Head of Cyber. Malone previously served as the firm's Head of Large Accounts and Portfolio Management.
QuSecure has appointed Dr. Garfield Jones as Senior Vice President, Research and Technology Strategy. Jones previously served as CISA's Associate Chief of Strategic Technology.
Axonius has named Sanam Saaber as its new General Counsel. Saaber most recently served as Chief Business Affairs and Legal Officer at Azra Games. Axonius has also added Melinda Rogers, former CIO for the US Justice Department, to its Federal Systems Board of Directors.
1Kosmos has added Eric Haller, former Data and Fraud Executive at Experian & TransUnion, and Donna Turner, former COO for the Zelle Network's Early Warning Services, to its Strategic Fraud Advisory Board.