Investments and insights.
$76M RAISED | 4 DEALS | 1 COUNTRY
- Reach Security has raised $50 million in a Series B round led by Top Tier Capital Partners.
- Opsin has raised $21 million in funding led by SYN Ventures and Race Capital.
- Asymptote Labs has raised $5.5 million in seed funding led by Tower Research Ventures.
- ManticoreAI has raised an undisclosed amount in a seed round led by Gula Tech Adventures.
San Francisco-based exposure management platform Reach Security has raised $50 million in a Series B round led by Top Tier Capital Partners, with participation from Ballistic Ventures, In-Q-Tel, M12, and existing investors. The company says the funding “will support product innovation, the extension of integration partnerships, international expansion and continued growth in the US enterprise and federal markets.”
San Jose, California-based AI agent security firm Opsin has raised $21 million in funding led by SYN Ventures and Race Capital. The company says the funding will allow it to expand to more enterprises across regulated industries and hire more talent.
New York City-headquartered AI agent runtime security company Asymptote Labs has raised $5.5 million in seed funding led by Tower Research Ventures, with participation from Lytical Ventures, 1984 Ventures, and South Park Commons. The company says it “will use the funding to expand engineering, product development, hiring, and go-to-market.”
Delaware-headquartered AI penetration testing service ManticoreAI has raised an undisclosed amount in a seed round led by Gula Tech Adventures, with participation from Chaac Ventures and angel investors. The company says the funding “will help grow ManticoreAI’s sales and partner teams in the United States, Asia-Pacific and the Middle East, and expand engineering and delivery in Singapore.”
Mergers and acquisitions.
5 DEALS | 6 COUNTRIES
- Proofpoint has agreed to acquire Israel-founded, Miami-headquartered data and AI security company Varonis for $6.3 billion.
- Anthropic has acquired California-based confidential AI data firm OPAQUE.
- Cohere has agreed to acquire Czech autonomous vulnerability management provider AISLE.
- Lineal has acquired Swiss digital forensics firm Forentec.
- Bytes Technology Group has acquired London-headquartered Microsoft security specialist CyberOne Limited.
Sunnyvale, California-based email security firm Proofpoint has agreed to acquire Israel-founded, Miami-headquartered data and AI security company Varonis for $6.3 billion. Proofpoint stated, “The combined company will serve more than 16,000 enterprises and millions of organizations globally, creating one of the world’s leading pure-play cybersecurity companies and establishing the industry's largest data and AI cybersecurity organization...Following closing, Proofpoint intends to move quickly to integrate the companies’ capabilities, align go-to-market efforts, and accelerate delivery of the combined platform to customers.”
Anthropic has acquired California-based confidential AI data firm OPAQUE. The company, which began as a research group at UC Berkeley, most recently raised $24 million in a Series B round this past February.
Canadian enterprise AI company Cohere has agreed to acquire Czech autonomous vulnerability management provider AISLE. Cohere says it “plans to make a substantial long-term investment in Prague, expanding AISLE’s existing presence and establishing the city as its global center for AI cybersecurity and autonomous security systems.”
Kansas City-based legal technology provider Lineal has acquired Swiss digital forensics firm Forentec. Lineal stated, “The acquisition strengthens Lineal’s presence in Switzerland and expands the company’s capabilities across digital investigations and cyber security. It will bring Forentec’s cyber security, OSINT, and digital forensics expertise to Lineal clients globally, while giving Forentec clients access to Lineal’s broader eDiscovery, investigations, managed review, and AI capabilities.”
UK-based IT service provider Bytes Technology Group has acquired London-headquartered Microsoft security specialist CyberOne Limited. Bytes stated, “The acquisition strengthens the Group’s cyber security and managed services capabilities at a time when organisations are managing greater complexity across identity, data, cloud and AI.”
Executive moves.
Transmit Security has named Matt Thompson as CEO. Thompson is a co-founder of ID.me and most recently served as President and Chief Commercial Officer at Socure.
Optiv + ClearShark has appointed Michael Saintcross as President. Saintcross previously served as the company’s SVP of Revenue.
Darktrace has appointed Adam Towns as Chief Financial and Operating Officer, Mike McGuinness as Chief Revenue Officer, and Beth Shea as Chief Customer Officer. Towns most recently served as Chief Financial Officer of Dataiku, McGuinness previously served as Chief Commercial Officer at Quickbase, and Shea most recently served as Chief Customer Officer at Snyk.
Prevalent AI has hired JD Sherry as Chief Revenue Officer. Sherry most recently served as Managing Partner and Global Head of Sales at ISTARI.
Armadin has named Vasu Jakkal as Chief Strategy and Business Officer. Jakkal most recently served as Corporate Vice President of Security at Microsoft.
GuidePoint Security has promoted Mark Thornberry to Chief Business Officer. Thornberry previously served as the company’s Senior Vice President of Partnerships.
OneTrust has promoted Tim Mullen to Chief Information Officer. Mullen previously served as the company’s CISO.
IGEL has added Randy Resnick as Field CTO, Government and Critical Industries. Resnick most recently served as Senior Advisor and Director of the DoD Zero Trust Portfolio Management Office.
IRONSCALES has named Laura Beaulieu as Chief Marketing Officer. Beaulieu most recently served as VP of Marketing at Holistiplan.
New Relic has named Werner Wehmeyer as Chief Customer Officer. Wehmeyer most recently served as VP of Customer Success, Services & Renewals, at NiCE.