Category: Funding/M&A

Scrut Automation Raises $7.5 Million for GRC Platform

India-based Scrut Automation has raised money to improve its risk observability and compliance automation platform and expand its presence in the US.

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Cybersecurity M&A Roundup for February 1-15, 2023

Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.

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PE Firm Francisco Partners to Take Sumo Logic Private in $1.7B Deal

Private equity firm Francisco Partners is acquiring cloud monitoring, log management and SIEM solutions provider Sumo Logic.

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Oligo Security Exits Stealth with $28M for AppSec, Open Source Security

Israeli startup Oligo Security raises $28 million to build technology to detect and mitigate open source code vulnerabilities.

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Zscaler to Acquire Israeli Startup Canonic Security

Zcaler plans to acquire Israeli startup Canonic Security to expand into the red-hot software supply chain security business.

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Cybersecurity M&A Roundup: 40 Deals Announced in January 2023

Forty cybersecurity-related M&A deals were announced in January 2023.

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Security Awareness Training Startup Riot Raises $12 Million

Riot Security, a startup focused on security awareness training, has secured $12 million in a Series A funding round led by San Francisco-based VC fund Base10.

Riot’s SaaS-based platform provides personalized awareness programs that can be consistently sent to employees in order to foster cybersecurity culture within companies.

The programs are run through an interactive chatbot that integrates with Slack and Microsoft Teams, and the platform offers quick, immersive courses that generate user-specific content, along with regularly simulated phishing attacks to evaluate risks across employees.

Founded by Benjamin Netter, Riot emerged from the YCombinator startup accelerator and raised $3 million in their 2020 seed round. This Series A round brings the total amount raised by the company to $15 million.

Additional investors in the Series A round include existing investors Y Combinator, Funders Club and Founders Future, as well as angel investors such as Snyk founder Guy Podjarny, Duolingo co-founder Severin Hacker, Supercell co-founder lkka Paananen, Deel co-founder Alex Bouaziz, and Slack CPO Tamar Yehoshua.

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VulnCheck Raises $3.2M Seed Round for Threat Intel

VulnCheck, a Massachusetts startup with ambitious plans in the vulnerability intelligence space, has attracted $3.2 million in seed-stage funding from several prominent investors.

The early-stage financing round was led by Sorensen Ventures and included equity stakes for In-Q-Tel, Lux Capital, and Aviso Ventures.

Based in Lexington, Mass., VulnCheck is building technology that promises exploit intelligence for vulnerability prioritization and an early-warning system for in-the-wild software exploitation activity.

Founded in 2021, VulnCheck is the brainchild of Anthony Bettini, former head of Tenable research and former founder and CEO of FlawCheck and Appthority.

The company has ambitious plans in a category that spans threat-intelligence, attack surface management, red-teaming and penetration testing.

VulnCheck is promising threat intelligence services to help organizations wade through the growing volume of publicly announced vulnerabilities and preemptively take action to stave off malicious hacker attacks.

Attack Surface Management Summit | Virtual Event – February 22, 2023

The VulnCheck offerings include:

VulnCheck Vulnerability Intelligence: a commercial alternative to the NIST National Vulnerability Database (NVD). VulnCheck claims its product includes more data, fields, sources, exploit and remediation intelligence, and provides data weeks earlier.

VulnCheck Exploit Intelligence: helps organizations track all of the world’s exploit proof-of-concept code, exploited in-the-wild information, and exploit metadata, including timelines, to focus remediation resources on the right vulnerabilities.

VulnCheck Initial Access Intelligence: provides organizations the detection artifacts, such as Snort or Suricata signatures, YARA rules, PCAPs, and private exploit PoCs, to defend against initial access vulnerabilities, recently exploited or likely to be soon.

The company and its investors are betting there’s revenue to be found in managing vulnerability and exploit data overload. The idea, according to VulnCheck, is to enrich vulnerability data with information about exploit activity to give security teams visibility and tools to prioritize remediation based on a real-time assessment of live exploitation.

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Skybox Security Raises $50M, Hires New CEO

Skybox Security, a late-stage California startup in the security analytics space, has closed a $50 million financing round and hired a new chief executive.

The San Jose company announced Wednesday that former Digital Guardian CEO Mordecai (Mo) Rosen will take the reins at Skybox and manage the company through a new financing round that brings the total raised to $335 million.

The private equity-backed Skybox said investors in the latest round include CVC Growth Funds, Pantheon, and J.P. Morgan.

Skybox has built and marketed a security analytics platform that helps defenders with security policy and vulnerability management tooling. The company’s product suite includes tools for firewall management, automated change management, network assurance, vulnerability control and threat intelligence.

With a new chief executive on board, the company said the plan is to find revenues in the Skybox Cloud Edition, a software-as-a-service product for managing security policy in hybrid multi-vendor environments.

Before joining Skybox, Rosen worked as president and chief executive at data loss prevention software firm Digital Guardian.

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Software Supply Chain Security Firm Lineaje Raises $7 Million

Software supply chain security startup Lineaje today announced that it has raised $7 million in a seed funding round led by Tenable Ventures.

Dreamit Ventures and Veear Capital also participated in the investment round, along with various angel investors.

Founded in 2021, the Saratoga, California-based company helps organizations secure their software supply chain, regardless of whether they are the developers, suppliers, or users of software.

Lineaje’s SB0M360 software supply chain management solution can identify all the components of software, along with their dependencies, to assess the supply chain authenticity and identify potential compromise.

Lineaje’s platform manages over 150,000 software bills of materials (SBOMs) across custom applications, open source software, commercial off-the-shelf (COTS) solutions, mobile applications, and containers.

The company is also assisting Tenable Ventures in building shareable data models to improve runtime security and mitigate weaknesses in deployed software.

The funding will allow Lineaje to accelerate go-to-market operations, expand its employee base, and invest in research and development.

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