At a glance.
- Check Point acquires Atmosec.
- ThetaRay secures $57 million.
- IronNet explores bankruptcy or liquidation.
Mergers and acquisitions.
Israeli cybersecurity firm Check Point is acquiring SaaS security platform provider Atmosec. Check Point stated, "With Atmosec’s technology, Check Point Infinity will offer SaaS security with continuous SaaS posture management, prevention of malicious communications (SSPM), and a full security stack for SaaS apps including threat prevention, data protection, and adaptive zero-trust access controls for both users and devices (CASB). New capabilities will be incrementally released based on roadmap milestones, enabling organizations to utilize these critical enhancements from the same Check Point Infinity platform they already use today. The acquisition of Atmosec is expected to close by mid-September 2023."
Maryland-based managed security service provider Dataprise has acquired New York City-headquartered MSSP Cohere Cyber Secure. The company stated, "The acquisition expands Dataprise’s New York City operations while providing Cohere’s clients access to Dataprise’s broad portfolio of powerhouse services."
London-based Netcraft has acquired Australian brand protection provider FraudWatch. Netcraft stated, "With this acquisition, Netcraft and FraudWatch will deliver high-quality, high-speed cybercrime detection and takedowns with even greater capabilities to new and existing customers. The company will further enhance support and services by combining its existing relationships with hosting providers, domain registrars, and social media platforms through the FraudWatch SOC alongside Netcraft’s API-based and commercial partnerships. Additionally, the acquisition will accelerate growth in North America and the Asia-Pacific region for the combined company."
Investments and exits.
Israeli secure payment infrastructure provider ThetaRay has raised $57 million in a growth round led by Portage, with participation from existing investors JVP, OurCrowd, and others. The company says the funding "will enable ThetaRay to accelerate global growth plans and capitalize on significant market demand."
San Francisco-based third-party management platform provider Certa has raised $35 million in an oversubscribed Series B led by Fin Capital and Vertex Ventures Southeast Asia and India, with participation from Tru Arrow Partners and existing investors Point72 Ventures, BDMI, the family office of Bernard Arnault’s Aglae Ventures, Mantis VC, and GOAT Capital. The company says it "will use the funding to bolster its go-to-market engine, expand its reach into new high-growth markets like Europe, and accelerate adoption."
London-based digital forensics and incident response (DFIR) company Binalyze has secured $19 million in a Series A round led by Molten Ventures, with participation from existing investors Earlybird Digital East and OpenOcean, and new investors Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital. The company says it "plans to use this next phase of its growth to strengthen its market outreach team, further its R&D efforts by integrating Artificial Intelligence/Machine Learning (AI/ML) into incident response processes, and amplify its worldwide customer support."
San Francisco-based assisted cloud remediation provider Tamnoon has raised $5.1 million in a seed funding round led by Merlin Ventures and Secret Chord Ventures, with participation from Elron Ventures, Inner Loop Capital, and toDay Ventures. Tamnoon has also hired Ran Nahmias as Chief Business Officer and Jonathan (Yoni) Lebowitsch as Vice President of Technical Services.
Crypto wallet security startup 0xPass has secured $1.8 million in pre-seed funding from AllianceDAO, Soma Capital, Alchemy Ventures, Blockchain Builders Fund, Formulate Ventures, Kommune, Hashed EM, Signum Capital/UOB, Nonce Classic, and angel investors, TechCrunch reports.
Entrust has hired Jordan Avnaim as Chief Information Security Officer.
DataDome has retained Chris Raniere as Chief Revenue Officer.
Sectigo has appointed Rita Parvaneh as Chief Financial Officer. Parvaneh previously served as CFO of Spireon.
Logpoint has hired Michael Haldbo as Chief Financial Officer.
Salt Security has named Michael Porat as Senior Vice President of Corporate and Business Development.
IANS Research has appointed Mark Clauss as Chief Product Officer.
Panaseer has hired Marc Moësse as Chief Product Officer.
Booz Allen Hamilton has appointed Brian Hale as Vice President of Public Relations.
FTI Consulting has hired Nikole Davenport as a Senior Managing Director and Enrique Alvarez and Brad Carpenter as Managing Directors within the firm’s cybersecurity practice.
Onyxia has added Boom Supersonic CISO Chris Roberts to its advisory board.
Fortunes of commerce.
IronNet announced in a Form 8-K filing that it will furlough most of its employees, and is exploring bankruptcy or liquidation, the Wall Street Journal reports. The company stated, "In the absence of additional sources of liquidity, the Company’s existing cash and cash equivalents and anticipated cash flows from operations are not sufficient to meet the Company’s operating and liquidity needs."