At a glance.
- Menlo Security acquires Votiro.
- Verkada raises $200 million in Series E round.
- Skybox Security shuts down and lays off entire workforce.
Mergers and acquisitions.
Mountain View, California-based browser security firm Menlo Security has acquired New York-headquartered data and file security platform Votiro. Menlo stated, "By expanding the Menlo Security browser security solution suite with the Votiro data and file security platform, Menlo Security provides a comprehensive workspace security solution that secures the modern worker, wherever they are, and adapts to how they work."
San Francisco-based cyber resilience platform Deepwatch has acquired security data analytics company Dassana. Deepwatch stated, "By integrating Dassana’s AI-powered risk and threat exposure management technology into its platform, Deepwatch will harvest vital threat insights that further enhance the productivity of its customers’ security teams and help keep their critical information assets secure."
Investments and exits.
San Mateo, California-based cloud-managed physical security device maker Verkada has raised $200 million in a Series E round led by General Catalyst, with significant investment from Eclipse and participation from other investors. The company says it "will leverage this new capital to further infuse AI into its security and safety solutions, and more broadly enhance and expand its cloud-based physical security platform."
Seatlle-based workload isolation technology provider Edera has secured $15 million in a Series A round led by M12, Microsoft's Venture Fund, with participation from Mantis VC, In-Q-Tel, and existing investors Eniac Ventures, 645 Ventures, FPV Ventures, Precursor Ventures, and Rosecliff Ventures. The company says the investment "will fund product expansion to include support for AI infrastructure."
Offensive security firm Dreadnode has raised $14 million in a Series A round led by Decibel, with participation from Next Frontier Capital, In-Q-Tel, Sands Capital, and Indie VC. The company says the "investment supports the company’s mission to advance the state of offensive security, enabling more effective evaluation, testing, and deployment of AI systems."
San Francisco-based cloud infrastructure security firm RAD Security has raised $14 million in a Series A led by Cheyenne Ventures, with participation from Forgepoint Capital, Lytical Ventures, Akamai, and existing investors .406 Ventures, Vertex Ventures, and Gula Tech Adventures. The company says the funding "will fuel expansion of RAD Security’s flagship product: the world’s first complete AI-driven defense platform."
Czech telecom security firm Whalebone has raised €13.35 million (US$14 million) in a Series B round led by Unbound, with participation from existing investors including Day One Capital. The company says the funding "will enable the execution of multiple strategic initiatives, including geographical expansion, enhanced customer success, product roadmap acceleration, growth of enterprise and public sectors, and boosting threat intelligence capabilities."
New York-based cloud security remediation company Gomboc AI has landed $13 million in seed funding. The company stated, "A new $8 million seed investment was led by Ballistic Ventures, with continued support from Glilot Capital Partners and Hetz Ventures, which co-led Gomboc AI's initial $5 million seed investment. The funding will accelerate the company's mission to eliminate the security backlog that delays critical business transformation."
Executive moves.
Billington CyberSecurity has promoted Troy Schneider to President.
SailPoint has named Chandra Gnanasambandam as Executive Vice President of Product and Chief Technology Officer.
SquareX has appointed John Carse as Field CISO.
Labor markets.
Israel-headquartered cybersecurity firm Skybox Security has shut down following the sale of its assets to rival Israeli company Tufin, SecurityWeek reports. The company has laid off its entire workforce of about 300 employees, 200 of which were in the US and 100 in Israel.
Tufin CEO Ray Brancato stated, "On February 24, 2025, Skybox made the difficult decision to close its operations effective immediately. For those impacted by this event, we understand this is an uncertain time, and we want to assure you that Tufin is here to help plot your path forward."
Skybox was founded in 2002, and according to Calcalist "was considered one of Israel’s most established cybersecurity firms." The company had raised $355 million in funding, including a $50 million financing round in 2023. Skybox's co-founder Gidi Cohen told Calcalist, "I completely disconnected from the company's operations two years ago and have no context for what led to yesterday's events. This is a very sad ending for a company that pioneered many of the modern techniques for preventing attacks and strengthening network resilience."