Investments and insights.
$251M RAISED | 8 DEALS | 5 COUNTRIES
- Surf AI has emerged from stealth with $57 million in funding led by Accel.
- Native has emerged from stealth with $42 million in funding, including a $31 million in Series A funding led by Ballistic Ventures.
- Bold Security has emerged from stealth with $40 million in funding from Bessemer Venture Partners, Picture Capital, and Red Dot Capital Partners.
- Onyx Security has launched with $40 million in funding from Conviction and Cyberstart.
- Qevlar AI has raised $30 million in a funding round led by Partech and Forgepoint Capital International.
- Tracebit has secured $20 million in a Series A round led by FirstMark.
- Cleafy has raised €12 million (US$13.7 million) in a Series B round led by United Ventures and eCAPITAL.
- Manifold has closed an $8 million seed round led by Costanoa Ventures.
Israeli agentic AI security firm Surf AI has emerged from stealth with $57 million in funding led by Accel, with participation from existing investors Cyberstarts and Boldstart Ventures. The company says the funding "will support continued investment in product development, team expansion, and scaling for additional enterprise adoption."
Seattle-based cloud security control platform provider Native has emerged from stealth with $42 million in funding, including a $31 million in Series A funding led by Ballistic Ventures, with continued participation from seed investors General Catalyst, YL Ventures, and Merlin Ventures. The company stated, "Native currently has 41 employees across Tel Aviv and the United States, with plans to grow to 90 by the end of 2026."
Israeli AI-assisted endpoint security Bold Security has emerged from stealth with $40 million in funding from Bessemer Venture Partners, Picture Capital, and Red Dot Capital Partners. The company stated, "We're already deployed with great US enterprises, including Shutterfly, Spencer Stuart, and Tekion, and many others. With this funding, we're accelerating go-to-market and continuing to push the edge AI platform forward."
Israeli agentic AI governance startup Onyx Security has launched with $40 million in funding from Conviction and Cyberstart. The company says the funding "will be used for expanding product and engineering teams, developing new AI models, and scaling go-to-market efforts to meet increasing demand for a secure AI control plane."
French autonomous SOC platform provider Qevlar AI has raised $30 million in a funding round led by Partech and Forgepoint Capital International, with participation from EQT Ventures. The company stated, "The latest funding round will help the Qevlar platform continue to move beyond alert investigations; teams will be able to entrust investigations to its autonomous AI platform, and then use those investigations to generate insights into the underlying security issues."
London-based honeypot platform provider Tracebit has secured $20 million in a Series A round led by FirstMark, with participation from Accel, MMC Ventures, Tapestry VC, CCL, and existing angel investors. The company stated, "This new round of investment allows us to accelerate product development, and provide stronger support to our customers both in the UK, and from our new office near Union Square in New York. Even today, we’re announcing several new products: Perimeter Canaries, Deceptive Artifacts, and GCP Support."
Italian financial fraud prevention firm Cleafy has raised €12 million (US$13.7 million) in a Series B round led by United Ventures and eCAPITAL. The company says the new funding "will be used to accelerate the development of its predictive capabilities, scale threat analysis globally, and drive expansion into key banking markets across Europe and Latin America."
San Diego-based endpoint AI security firm Manifold has closed an $8 million seed round led by Costanoa Ventures, with participation from Cherry Ventures, Rain Capital, Modern Technical Fund, and angel investors.
Mergers and acquisitions.
2 DEALS | 2 COUNTRIES
New York-headquartered risk advisory firm K2 Integrity has acquired Tukwila, Washington-based penetration testing company Leviathan Security Group. The company says Leviathan has "a reputation for world-class information assurance, risk assessment, and penetration testing across both the private and public sectors."
UK-based IT service provider Connectus Business Solutions has acquired Wrexham-based IT support and cybersecurity provider I7 Technologies. Connectus stated, "The acquisition further strengthens Connectus’ regional footprint, which now already boasts offices in Salford, Doncaster, and Grimsby. It will allow the business to provide stronger local support to even more organisations across North Wales, Cheshire, and Shropshire."
Executive moves.
Trulioo has named Chad Gerhardstein as Chief Risk and Strategy Officer, Danielle Holbrook Dunn as Chief Transformation Officer, and Uri Zelmanovich as Chief Financial Officer. Gerhardstein was previously a partner at PwC, Holbrook Dunn served as Chief Transformation Officer at Nuvei, and Zelmanovich most recently served as Chief Financial Officer at Trustly.
SecurityBridge has promoted Holger Hügel to Chief Technology Officer. Hügel previously served as Director of Product Management.
Rippling has appointed Adrian Ludwig as Chief Security Officer. Ludwig most recently served as Chief Architect and CISO at Tools for Humanity.
Arctic Wolf has hired Will May as Chief Revenue Officer. May most recently served as Chief Revenue Officer at Pendo.io.
SonicWall has appointed Patrick O'Donnell as Chief Revenue Officer. O'Donnell previously served as Senior Vice President of the Americas at Barracuda Networks.
Armis has hired Simon Mouyal as Chief Marketing Officer.
Palo Alto Networks has named Danielle Gonzalez as its new Chief People Officer. Gonzalez has been with the company since 2019, most recently serving as Senior Vice President, People Team.
Native has added Phil Venables, former CISO of Google Cloud, to its board of directors.
Paladin Capital has added Andrea Rigoni as a strategic advisor. Rigoni previously served as Managing Director at Accenture.