Cybersecurity M&A and Funding Update: July 02
Recent cybersecurity companies that closed funding rounds, public offerings, mergers and acquisitions involving financial and strategic buyers announced this week.
This week’s highest venture funding rounds were raised by data management and SASE companies. The venture arms of Intel and Dell invested in an AI startup's seed round. Recent transactions included Accenture's acquisition of a managed security services provider.
Initial Public Offering
Clear Secure (NYSE: YOU), a New York-based identity verification platform that uses biometric technology, aimed to raise $396 million at a $4.34 billion market cap. The IPO closed at $4.5 billion after the shares priced higher than expected.
Sevco Security, a Texas-based provider of a cloud-native asset intelligence platform, has secured $15 million in a Series A funding round led by SYN Ventures, which invests exclusively in cybersecurity startups. .406 Ventures, Accomplice, Bill Wood Ventures, and fama Ventures also participated in the round.
Versa Networks, a California-based Secure Access Service Edge (SASE) vendor, has recently closed a $84 million Series D funding round co-led by Princeville Capital and RPS Ventures, with contribution from existing investors such as Sequoia Capital.
Noname Security, a California-based cybersecurity company that specializes in enterprise Application Programming Interface (API) security, has raised $60 million in a Series B funding round headed by Insight Partners, with participation from Next47, Forgepoint, and The Syndicate Group (TSG).
HealthVerity, a healthcare data management company headquartered in Philadelphia, has closed $100 million in a Series D funding round led by Durable Capital Partners LP, with participation from existing investors Flare Capital Partners, Foresite Capital, and Greycroft.
Augtera Networks, a California-based startup that utilizes AI for network performance management, has raised $13 million in a seed funding round headed by Intel Capital, with participation from Dell Technologies Capital, and existing investors Bain Capital Ventures and Acrew Capital.
SuperCom, an Israeli company that specializes in digital identification, monitoring, and security solutions, has raised $5 million in funding.
Mergers and Acquisitions
Accenture acquired Sentor, a Swedish managed security services provider. The acquisition will expand the consulting firm's ability to help clients match this challenging cybersecurity environment. “We are excited about what we can achieve together to help organizations in Sweden become more resilient,” said Kelly Bissell, who leads Accenture Security globally.
German identity verification company IDnow announced its acquisition of ARIADNEXT, a French cybersecurity company that also specializes in remote identity verification, for approximately $59 million. IDnow CEO Andreas Bodczek said the acquisition will provide a “broader suite of products through a single platform with a seamless user experience.
Kordia Group, a New Zealand-based provider of cybersecurity and firewall and ransomware protection, acquired SecOps NZ, a managed security services provider. The acquisition is part of Kordia Group’s wider strategy to expand in cyber security, cloud, and modern workplace solutions.
Evergreen Services Group, a family of managed IT services companies, has announced its acquisition of VirtualArmour, a provider of managed security services based in Colorado. With the acquisition, Evergreen will enhance its capabilities in the rapidly growing cybersecurity services market.
JFrog, a California-based DevOps company, has announced its intent to acquire Vdoo, an Israeli software security company, for $300 million. ”As part of the JFrog Platform, Vdoo will accelerate JFrog’s vision of becoming the company behind all software updates and creating a world of Liquid Software by expanding its end-to-end DevOps Platform offering, providing holistic security from the development environment all the way to edges, IoT and devices,” stated the company.