• Khushi Arora

Cybersecurity M&A and Funding Update: June 18

Recent cybersecurity companies that raised capital, announced mergers and acquisitions, or financial or strategic transactions. This week, companies specializing in industrial cybersecurity and cybersecurity training raised the highest venture funding rounds. Recent acquisitions involved threat removal and managed security service companies.


Funding


Elisity, a cognitive trust access and security platform based in California, has secured $26 million in a Series A funding round led by Two Bear Capital and AllegisCyber Capital, with participation from previous seed investor Atlantic Bridge.


Ostendio, a Virginia-based provider of integrated risk management software, has raised an undisclosed amount in a Series A funding round fulfilled by Osage Venture Partners, a Philadelphia-based VC firm that invests in early-stage B2B software companies on the East Coast. The round also included investments from Blu Venture Investors, CIT GAP Funds, and other previous investors.


Claroty, an industrial cybersecurity company headquartered in New York, has closed a $140 million Series D funding round headlined by Bessemer Venture Partners’ Century II Fund, which is “specifically designed for growth-stage companies that will define the next century,” and 40 North, Standard Industries’ investment arm. Additional contributors include LG and I Squared Capital’s ISQ Global InfraTech Fund.


Immersive Labs, an England-based cybersecurity training platform that takes a “gamified” approach, has secured $75 million in a Series C funding round directed by Insight Partners, a New York-based venture capital firm that invests in high-growth technology and software ScaleUp companies. Menlo Ventures, Citi Ventures, and existing investor Goldman Sachs Asset Management also participated.


ThreatX, a Denver-based deliverer of a web application and API protection platform, has raised $10 million in funding led by .406 Ventures, which focuses on early-stage technology companies. Existing investors including Access Venture Partners and Grotech Ventures also participated in the round.


Threatray, a Swiss code-based threat intelligence and malware analytics provider, has raised €2.3M in a funding round led by Verve Ventures, a pan-European venture capital firm focusing on science and technology start-ups. Existing investors such as Hammer Team, SICTIC, BackBone Ventures and Innofund by SZKB.


Myota, a Pennsylvania-based information security and cyber resilience SaaS platform provider, has secured $3.65 million in a Series A2 funding round headed by PACA ventures, which invests in high-growth technology companies from Seed through Series B.


nSure AI, a digital gift-card fraud protection and prevention start-up headquartered in Tel Aviv, Israel, has closed a $6.8 million seed funding round led by DisruptiveAI, Phoenix Insurance, AXA-backed venture builder Kamet, Moneta Seeds and private investors.


Mergers and Acquisitions


Forcepoint, a software company based in Texas which develops data protection, cloud access security broker, firewall, and cross-domain solutions, has announced its acquisition of UK-based Deep Secure, whose products and services protect organizations from cyberattacks delivered via malware. With the acquisition, Forcepoint aims to expand its Cross Domain Solutions Portfolio with Deep Secure’s Threat Removal Platform.


Cerberus Cyber Sentinel Corporation, an Arizona-based company that “specializes in cybersecurity solutions that build a culture of security within an organization,” has acquired Ground Control IT, a managed security services provider also based in Arizona. “We are excited by the opportunity to join the Cerberus Sentinel team which will allow us to contribute to a more extensive security portfolio of services and level of support for all customers,” stated Ground Control President Ryan Greyslak.