At a glance.
- CyberArk acquires Zilla.
- Tines secures $125 million in Series C round.
Mergers and acquisitions.
Israeli identity security company CyberArk has acquired Boston-headquartered identity governance and administration firm Zilla for $165 million. Zilla's CEO and co-founder Deepak Taneja stated, "By harnessing the power of AI, we’ve automated IGA, making it simpler, faster, and more cost-effective. And now with CyberArk, we’ll be offering our breakthrough technology as part of the broader CyberArk Identity Security Platform, reaching many more customers on a global level."
San Francisco-based software delivery platform provider Harness is merging with API security firm Traceable to form a DevSecOps company under the name "Harness." Both companies came out of the startup studio BIG Labs. Jyoti Bansal, the CEO and co-founder of both companies, stated, "Together, a unified Harness and Traceable change the game by offering something unique. Harness has peerless insight into how apps are built, tested, and delivered, while Traceable brings deep knowledge of API usage and security. Pooling and sharing that data on a unified platform creates a multiplier effect — taking AI-native, agentic workflows to the next level."
San Jose, California-based network security firm A10 Networks has acquired assets and personnel from Colorado-based application security company ThreatX. ThreatX CEO Gene Fay stated, "We are thrilled that A10 Networks has acquired certain assets of ThreatX, including the brand and the TX Protect WAAP solution to expand A10’s security portfolio." The companies added, "As a result of this transition, the remaining assets of ThreatX will be launched as Run Security with TX Prevent, the cutting-edge eBPF-based solution re-launched as RS Prevent."
Investments and exits.
Irish IT and security workflow platform provider Tines has secured $125 million in a Series C round led by Growth Equity at Goldman Sachs Alternatives, with participation from SoftBank Vision Fund 2, Activant, and existing investors Accel, Felicis, CrowdStrike Falcon Fund, and Addition. The company says it "will use this round of funding to accelerate product innovation focused on helping users connect AI software and LLMs with the data and systems they need to perform tasks at optimal efficiency and effectiveness, while also facilitating privacy and compliance safeguards required to ensure enterprise-grade security."
Dream, an Israeli AI company focused on national cybersecurity, has raised $100 million in a Series led by Bain Capital Ventures, with participation from Group 11, Tru Arrow, Tau Capital, and Aleph. The company says it will use the funding to "further enhance its product capabilities and global market reach."
San Francisco-based fraud prevention platform Sardine AI has raised $70 million in a Series C round led by Activant Capital, with participation from new and existing investors including Andreessen Horowitz, Nyca Partners, Google Ventures, Geodesic Capital, Cross Creek Capital, Moody's Analytics, Experian Ventures, and NAventures. The company's CEO Soups Ranjan stated, "This funding will accelerate our mission to rebuild trust in financial services. We're expanding our enterprise capabilities, growing globally, and advancing our AI agent platform."
San Mateo, California-based post-quantum cryptography firm QuSecure has closed additional funding that brings its Series A round to $28 million. The round was led by Two Bear Capital with participation from Accenture Ventures. The company says the "investment will support product development, accelerate go-to-market initiatives, and expand QuSecure’s customer base across government, financial, and critical infrastructure sectors."
AI-driven SOC provider Andesite has disclosed a $23 million addition to its seed funding round from General Catalyst and Red Cell Partners. The company says it "will use the new funding to accelerate product development and scale its go-to-market initiatives."
London-based digital identity verification provider OneID has raised £16 million (approximately US$20 million) in funding led by ACF Investors. The company says the "investment will be used to drive growth and expand operations and services to reach a growing customer base."
San Francisco-based browser security company MirrorTab has secured $8.5 million in seed funding led by Valley Capital Partners, with participation from GV, Ludlow Ventures, Altman Capital Fund, NextGen Venture Partners, and Alumni Ventures. The company says it "plans to use its seed funding to aggressively build out its innovative capabilities, integrations, and commercialize its availability."
Luxembourg-based password manager Passbolt has raised $8 million in a Series A round led by Airbridge Equity Partners, with participation from existing investors including Expon Capital's Digital Tech Fund, ScaleFund, Seeder, Dedicated, Bondi Capital, Carricha Capital, and LBAN. The company says the funding "will enable us to grow our team, fast-track the delivery of new features for both our free community edition and paid offering, while staying committed to building a world-class open source product."
Portuguese client-side protection startup Jscrambler has secured $5.2 million in funding from Iberis Capital. The company says the latest funding "will enable us to address this immediate pressing need while accelerating our investments in innovation and research to ensure our clients are always prepared for the challenges of tomorrow."
Executive moves.
Barracuda Networks has named Peter Alexander as Chief Marketing Officer.
Eclypsium has appointed Raj Dodhiawala as Chief Product Officer.