Investments and insights.
$42M RAISED | 5 DEALS | 2 COUNTRIES
- Prevalent AI has secured $22 million in growth investment funding from Integrity Growth Partners.
- Xpander has raised $7.5 million in seed funding led by Pico Venture Partners.
- Cytix has secured $7 million in Series A funding led by Northern Gritstone.
- Neuromorphic Labs has raised $5.1 million in seed funding led by Flying Fish.
- TopHat Security has raised an undisclosed amount in Series A funding led by Landolt Securities.
London-headquartered data fabric platform Prevalent AI has secured $22 million in growth investment funding from Integrity Growth Partners. The company notes that this marks "the first primary capital raised in Prevalent’s nine-year history," and says it will use the funding "to scale its global go-to-market organization, accelerate its expansion into the U.S., deepen its leadership team, and extend beyond cybersecurity into broader enterprise risk use cases."
San Francisco-based AI governance platform Xpander has raised $7.5 million in seed funding led by Pico Venture Partners, with participation from Emerge Ventures, Samsung Next, and SeedIL. The company says the funding "will be used to accelerate Xpander's market penetration with its turnkey, vendor-neutral, all-in-one AI enablement platform."
British pentesting platform Cytix has secured $7 million in Series A funding led by Northern Gritstone, with participation from existing investors Auriga Cyber Ventures and NPIF II – PXN Equity Finance. The company says the funding "will accelerate the roll-out of Cytix’s newly launched change risk platform."
Seattle-based production AI security startup Neuromorphic Labs has raised $5.1 million in seed funding led by Flying Fish, with participation from Toyota Ventures, Amplify Partners, Tandem Ventures, SaaS Ventures, and others. The company says the funding "will expand the founding team and accelerate the platform toward general availability."
Delaware-headquartered ICS security firm TopHat Security has raised an undisclosed amount in Series A funding led by Landolt Securities. The company says the funding "will help TopHat Security advance its enterprise product portfolio, expand customer delivery, and achieve key growth milestones as the company addresses the next generation of threats targeting U.S. government agencies and critical infrastructure operators."
Mergers and acquisitions.
9 DEALS | 5 COUNTRIES
- Fortinet has acquired San Francisco-based AI security company Virtue AI.
- Dynatrace has agreed to acquire San Francisco-based AI observability platform Arize for $915 million.
- Cribl has acquired technology assets from Radiant Security's AI SOC product.
- SEPPmail has acquired Danish security awareness training provider CyberPilot.
- Datavault AI has agreed to acquire San Diego-based cybersecurity compliance platform provider CyberCatch Holdings.
- Privacy Bee has acquired personal data removal platform EraseMe.app.
- Guardsix has acquired Czech security log management and analysis firm Logmanager.
- Redwood AI has completed its acquisition of quantum cybersecurity company Quantum.IQ.
- New Charter has acquired Orange County-based MSSP CyberTrust IT Solutions.
Fortinet has acquired San Francisco-based AI security company Virtue AI. Fortinet says the acquisition "advances the company’s broader Security for AI strategy and vision for securing the agentic enterprise, building on Fortinet's existing AI security solution portfolio, including its FortiGate Hyperscale Firewall." The company adds that Virtue's technology "complements FortiAIGate and further strengthens Fortinet’s AI runtime security capabilities with Virtue AI’s automated validation and real-time protection."
Boston-based observability and application performance monitoring company Dynatrace has agreed to acquire San Francisco-based AI observability platform Arize for $915 million. The companies stated, "Together, Dynatrace and Arize will enable customers to evaluate, operate, and continuously improve AI applications from development through production at scale."
San Francisco-based telemetry platform Cribl has acquired technology assets from Radiant Security's AI SOC product. The company stated, "With this acquisition, Cribl moves further into security and is adapting this AI SOC technology to run as an application on its telemetry data platform, giving security teams peace of mind that AI is making high-quality decisions over the right data."
Swiss email security firm SEPPmail has acquired Danish security awareness training provider CyberPilot. SEPPmail stated, "With this acquisition, the email security specialist extends its offering beyond technical protection for the first time and addresses the subject of human risk....The acquisition is a further building block in a platform strategy: SEPPmail is bringing its existing portfolio together into an end-to-end European platform for email security and will add further disciplines step by step."
Philadelphia-based data management company Datavault AI has agreed to acquire San Diego-based cybersecurity compliance platform provider CyberCatch Holdings for $94.5 million. Datavault stated, "The acquisition is expected to bring CyberCatch’s AI-enabled continuous compliance and cyber risk mitigation platform into Datavault AI’s Quantum Private Network (QPN) GPU ecosystem."
Atlanta-based data privacy company Privacy Bee has acquired personal data removal platform EraseMe.app. Privacy Bee stated, "Through this acquisition, more consumers will gain access to Privacy Bee’s broader Data Broker coverage, ongoing monitoring, and continued removal support. It also creates a clear path forward for existing EraseMe.app customers as they transition to Privacy Bee."
Danish security operations provider Guardsix has acquired Czech security log management and analysis firm Logmanager. Jiří Tobola, CEO of Logmanager, stated, "Logmanager has a strong position in Central Europe, while Guardsix is well established in Western Europe, so joining forces and building something bigger is a natural next step. From a product perspective, this is a major step forward for us, as our customers will gain direct access to capabilities that complement Logmanager. Guardsix, in turn, will strengthen its position in the Central European market and expand its portfolio with a proven solution for log management and analysis."
Vancouver-based post-quantum security firm Redwood AI has completed its acquisition of quantum cybersecurity company Quantum.IQ. Redwood stated, "By integrating Quantum.IQ’s cybersecurity platform, Redwood intends to broaden its technology base beyond its existing artificial intelligence and advanced computational capabilities. The Acquisition adds software capabilities focused on cryptographic visibility, quantum-readiness assessment, and security infrastructure planning, which Redwood believes may strengthen its ability to develop technology for regulated, data-intensive, and security-sensitive environments."
Denver-based managed IT provider New Charter has acquired Orange County-based MSSP CyberTrust IT Solutions. The company stated, "The addition of CyberTrust further strengthens New Charter's presence in Southern California while expanding the expertise and local support available to clients throughout the region."
Executive moves.
Everfox has appointed Maureen Stevens as Chief Corporate Affairs Officer. Stevens most recently served as Senior Vice President of Marketing & Communications for SES.
Marriott International has appointed Daniel Dubowski as its new Senior Vice President and Chief Information Security Officer (CISO).
The city of Dallas has named James Wilkinson as CISO. Wilkinson served in the US military for 26 years, holding senior cyber leadership roles with the United States Army and United States Marine Corps, before transitioning to the private sector.
GreyNoise has hired Andrew Thompson as Senior Vice President of Adversary Operations. Thompson previously served as Head of Global Signals Operations at Google's Threat Intelligence Group (GTIG).
Cyberhaven has named Todd Rotger as President of Go-to-Market, Manish Kalia as Chief Product Officer, Aaron Feigin as Chief Marketing Officer, and Andy Dobrov as Senior Vice President of Customer Experience, Services and Support.
CYGNVS has appointed Cassandra Arora as Chief Marketing Officer.
Reco has hired Julia Polisuk as Head of Marketing.
Illumio has named Yoav Shilon as Vice President of Product Marketing.
Vanta has appointed Brooks Chambers as VP of Brand.