Investments and insights.
$46M RAISED | 4 DEALS | 4 COUNTRIES
- Astelia has secured $35 million in combined seed and Series A funding led by Index Ventures and Team8.
- Copla has raised €6 million (US$7 million) in a Series A round led by Iron Wolf Capital.
- Solidrange has raised $2.4 million in a seed round led by Sharaka Capital.
- Hardshell has secured $1.1 million in pre-seed funding.
Israeli exposure management platform provider Astelia has secured $35 million in combined seed and Series A funding led by Index Ventures and Team8, with participation from Holly Ventures. The company says it "will use the capital to expand its AI-driven analysis capabilities, scale deployments, deepen technology partnerships, and grow its engineering, research, and global go-to-market teams."
Lithuanian cybersecurity compliance startup Copla has raised €6 million (US$7 million) in a Series A round led by Iron Wolf Capital, with participation from Operator Stack and existing investors including Specialist VC, SuperHero Capital, FirstPick, NGL Ventures, and Loggerhead Partners. The company says it's "investing in product expansion...while also doubling down on team growth and scaling in the EU and beyond."
Saudi Arabian governance, risk, and compliance (GRC) automation platform Solidrange has raised $2.4 million in a seed round led by Sharaka Capital, with participation from Sadu Capital, SEEDRA Ventures, and Tali Ventures. The company says the funding "will accelerate our AI-powered GRC roadmap and expand our platform into Business Continuity Management, Data Compliance, and Audit Management while continuing to advance our proven, enterprise-grade Cybersecurity GRC solutions."
Virginia-based AI assurance startup Hardshell has secured $1.1 million in pre-seed funding from VTC Ventures, Front Porch Venture Partners, Blu Venture Investors, MoJo Ventures, Not Yet Ventures, Black Prism Capital Partners, CAV Angels, and angel investors. The company says the "funding will accelerate our engineering efforts and expand our customer base across healthcare, defense, and other high-trust industries where AI adoption is constrained by data security and regulatory concerns."
Mergers and acquisitions.
5 DEALS | 2 COUNTRIES
- Arctic Wolf has acquired exposure assessment platform Sevco Security.
- Booz Allen Hamilton has agreed to acquire Pennsylvania-headquartered MSSP Defy Security.
- Valiant Solutions has acquired Maryland-based Abile Group.
- QuickStart has acquired Maryland-based cybersecurity training platform IronCircle.
- Littlefish Group has acquired MSSP Stripe OLT.
Minneapolis-based security operations company Arctic Wolf has acquired Austin-based exposure assessment platform Sevco Security. Arctic Wolf says "Sevco’s cloud-native technology will operate on the Arctic Wolf Aurora Platform, unifying asset intelligence, vulnerability context, and security control coverage to help organizations continuously identify and prioritize exposures across hybrid environments."
Booz Allen Hamilton has agreed to acquire Pennsylvania-headquartered MSSP Defy Security. Booz Allen stated, "The combination will help accelerate and scale the company’s ability to deliver cyber products and services—such as Booz Allen’s AI-powered malware analysis product Vellox Reverser™—while preserving rigorous security, compliance, and oversight standards. The acquisition will also support Booz Allen’s growing business in the United Kingdom and European Union, providing a broader international customer base with access to advanced cyber services."
Virginia-based cybersecurity contractor Valiant Solutions has acquired Maryland-based Abile Group, a company that provides cyber engineering services and technology to the national security sector. Valiant stated, "The acquisition reinforces Valiant's strategy to build a market leader of scale across cybersecurity to address the evolving cyber, information assurance, and digital risk requirements of Federal and National Security customers."
Austin-based IT skills training company QuickStart has acquired Maryland-based cybersecurity training platform IronCircle. QuickStart stated, "The acquisition integrates IronCircle's immersive, technology-enabled training with QuickStart's established infrastructure to deliver scalable, career-aligned cybersecurity education that meets growing industry demand."
UK-headquartered managed service provider Littlefish Group has acquired MSSP Stripe OLT (also based in the UK). Littlefish stated, "Stripe OLT brings specialist expertise across managed cyber security, threat detection, penetration testing, and Security Operations Centre (SOC) services. This significantly enhances Littlefish Group’s existing security portfolio and supports our commitment to helping organisations operate safely and confidently."
Executive moves.
Mend.io has appointed its co-founder and president, Azi Cohen, as its new CEO. The company's co-founder and former CEO, Rami Sass, will serve as General Manager of Mend AI. Mend has also hired Alon Klomek as Chief Revenue Officer and Stephanie Broyles as Chief Marketing Officer.
Halcyon has appointed Scott Stout as President. Stout previously served as Security Chief Revenue Officer at Cisco Security.
KnowBe4 has named Yuneeb Khan as its new Chief Financial Officer, following the retirement of its former CFO Bob Reich. Khan most recently served as CFO of Trellix.
Axonius has named Meghan Marks as Chief Marketing Officer. Marks most recently served as CMO at Orca Security.
Axonius also appointed Jared Vichengrad as Senior Vice President and General Manager at Axonius Federal Systems. Vichengrad previously served as Head of Public Sector, Americas, at Check Point.
Tidal Cyber has hired Cat Self as Senior Director of Adversary Research. Self previously served at MITRE as the macOS/Linux Lead of MITRE ATT&CK.
Noma Security has appointed Ted Plumis as VP of Global Channel and Alliances. Plumis previously served as Senior Vice President at Exabeam.