Altitude Cyber

Weekly Cybersecurity Deal Dashboard (November 18 – November 24) ? ?Highlighted Financing Activity -VISO TRUST, a developer of a TPRM platform, raised $7M in Early Stage funding from investors including Bain Capital Ventures -Trustero, a provider of GenAI solutions for automating GRC, raised $10M in Series A funding led by Bright Pixel (formerly Sonae IM) -Replica Cyber (Grey Market Labs), a provider of a secure environments-as-a-service platform, raised $8M in Series A funding led by Capri Ventures -Anitian, a developer of compliance automation solutions, raised $7M in Series D funding led by Sageview Capital -Cyera, a provider of data security solutions, raised $300M in Series D funding co-led by Accel and Sapphire Ventures -Prompt Security, a developer of a GenAI platform, raised $18M in Series A funding led by Jump Capital -Twine Security, a developer of AI-powered “digital employee” technology for IAM, raised $12M in Seed funding co-led by Dell Technologies Capital and Ten Eleven Ventures -ZITADEL, a provider of cloud-native identity infrastructure solutions, raised $9M in Series A funding led by Nexus Venture Partners -Qara, a provider of authentication tech, raised $3M in growth funding from undisclosed investors -Kong Inc., a provider of API security and mgmt. solutions, raised $175M in Series E funding co-led by Balderton Capital and Tiger Global Management -Calvin Risk, a provider of AI governance and compliance solutions, raised $4M in Seed funding co-led by JOIN CAPITAL and seed + speed Ventures -RIIG, a provider of risk intel solutions, raised $3M in Seed funding led by Felton Group -Threatmon, a provider of threat intel solutions, raised an undisclosed amount of Growth funding from Pragma Capital Partners -Wiz, a provider of cloud security solutions, raised an undisclosed amount of strategic funding from Softbank -Sunnies, a developer of a password management solution, raised $0.2M in Pre-Seed funding from Hyperion Highlighted M&A Activity -Dazz, a developer of an ASPM platform, was acquired by Wiz for $450M -AppViewX, a developer of automated CLM and PKI solutions, was acquired by Haveli Investments for an undisclosed amount -Adlumin, a developer of a security operations platform, was acquired by N-able for up to $266M -VeriClouds, a provider of credential monitoring solutions, was acquired by Enzoic for an undisclosed amount -Black cipher, a provider of cyber managed services, was acquired by UTRS for an undisclosed amount -Crossword Cybersecurity's consulting business was acquired by SysGroup for $400k -Muscope Cybersecurity, a developer of a cyber assessment platform, was acquired by TeamSystem for an undisclosed amount If you would like to receive updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B.

Weekly Cybersecurity Deal Dashboard (November 11 – November 17) ? ?Highlighted Financing Activity -SurePath AI, a provider of GenAI governance and visibility tools, raised $5M in Seed funding led by Uncork Capital -CyberUpgrade, a provider of cyber compliance automation solutions, raised $3M in Seed funding from investors including Superhero Capital -Prelude, a provider of fraud-resistant SMS verification solutions, raised $8M in Seed funding led by Seedcamp and Singular -Equal Identity, a provider of identity solutions, raised $10M in Series A funding led by Prosus Ventures Highlighted M&A Activity -Cybersixgill, a provider of threat intelligence solutions, was acquired by Bitsight for $115M -Rezonate, a developer of an end-to-end identity security platform, was acquired by Silverfort for an undisclosed amount -Probely (a Snyk Business), a developer of a Dynamic Application Security Testing (DAST) platform, was acquired by Snyk for an undisclosed amount -Trustwave, a cyber MDR provider, and Cybereason, an EDR and XDR provider, merged for an undisclosed amount If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B.., Adam Jasmin, Samuel Cook, John Gould

Weekly Cybersecurity Deal Dashboard (November 4 – November 10) ? ?Highlighted Financing Activity -Upwind Security, a developer of a CNAPP platform, reportedly raised $100M in Series B funding from investors including Craft Ventures -Ripjar, a developer of data intelligence, fraud prevention, and AML prevention software, raised an undisclosed amount of funding from Dow Jones -Corgea (YC S23), a developer of an application security testing platform, raised $3M in Seed funding led by Shorooq Partners -CloudGuard, a provider of managed security services, raised an undisclosed amount of Early Stage funding from Praetura Ventures -Embed Security, a developer of a security platform providing threat coverage with autonomous triaging, investigation, & prioritization of threats, raised $6M in Early Stage funding led by Paladin Capital Group -Symbiotic Security, a developer of a platform combining detection & remediation solutions with security testing & training tools, raised $3M in Pre-Seed funding from investors including Axeleo Capital (AXC) -Induz, a provider of data security solutions, raised $780k in Early Stage funding led by YourNest Venture Capital Highlighted M&A Activity -AzireVPN, a privacy-focused VPN provider, was acquired by Malwarebytes for an undisclosed amount -Adaptive Shield, a developer of a SSPM platform, was acquired by CrowdStrike for an estimated $300M -Mission Secure, a provider of asset visibility solutions for OT devices, was acquired by ServiceNow for an undisclosed amount -Intraprise Health, a provider of cybersecurity risk management solutions for the healthcare industry, was acquired by Health Catalyst for $43M -Substantially all the operating assets of Qubitekk, Inc., a developer of quantum networking and security solutions, were acquired by IonQ for an undisclosed amount -Critical Insight, a provider of MDR and IR services, was acquired by Lumifi for an undisclosed amount -Inpher, a provider of confidential computing and privacy-preserving AI & ML solutions, was acquired by Arcium for an undisclosed amount -allentis, a provider of services including secure design and monitoring of IT & industrial networks, was acquired by Framatome for an undisclosed amount -Ripjar, a developer of data intelligence, fraud prevention, & AML prevention software, was acquired via a majority growth investment by Long Ridge Equity Partners for an undisclosed amount -EightFence, a provider of managed security solutions, was acquired by Interstellar for an undisclosed amount -SynerSolutions, a provider of cybersecurity solutions was acquired by Compugen Inc for an undisclosed amount If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B.., Adam Jasmin, Samuel Cook, John Gould

Weekly Cybersecurity Deal Dashboard (October 28 – November 3) ? ?Highlighted Financing Activity -TerraZone raised an undisclosed Strategic Investment from World Health Energy Holdings inc. (WHEN:US) -Bugcrowd raised $50M in Growth funding from Silicon Valley Bank -Noma Security raised $32M in Series A funding led by Ballistic Ventures -OpenOrigins raised $5M in Early Stage funding led by Galaxy -ContraForce raised $3M in Seed funding co-led by DataTribe and Gallos Ventures ? -Nillion raised $25M in Early Stage funding led by Hack VC -MIND raised $11M in Seed funding led by YL Ventures -Secret Double Octopus raised an undisclosed Strategic Investment from SBI Holdings -Zenity raised $38M in Series B funding co-led by DTCP and Third Point LLC -RiPSIM Technologies raised $5M in Seed funding led by Ten Eleven Ventures -Akeyless Security raised an undisclosed Strategic Investment from Deutsche Bank -Armis raised $200M of Series D funding co-led by Alkeon Capital and General Catalyst -Filigran raised $35M of Series B funding led by Insight Partners -Abstract Security raised $15M of Series A funding led by Munich RE Ventures -Hopae raised $4M in Seed funding led by Z Venture Capital -CybaVerse raised $1M in Early Stage funding from investors including The FSE Group -Island raised an undisclosed amount funding from Citi ventures as part of its Series D round previously led by Coatue and Sequoia Capital -Tidal Cyber raised an undisclosed Strategic Investment from Capital One Ventures and USAA Highlighted M&A Activity -Normalyze was acquired by Proofpoint for an undisclosed amount -Vertical Structure was acquired by Instil for an undisclosed amount -SaaS Alerts was acquired by Kaseya for an undisclosed amount -Detectify was acquired by Insight Partners in a majority investment for an undisclosed amount If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B.

Weekly Cybersecurity Deal Dashboard (October 21 – October 27) ? ?Highlighted Financing Activity -Authologic, a developer of a digital identity verification platform, raised $8M in Series A funding led by OpenOcean -Concentric AI, a provider of data security posture management solutions, raised $45M in Series B funding led by HarbourVest Partners and Top Tier Capital Partners -Interos Inc, a provider of AI-powered supply chain risk intelligence solutions, raised $40M in Growth funding from Blue Owl Capital -Cyber Guru, a developer of a cybersecurity awareness & training platform, raised $25M in Series B funding led by Riverside Acceleration Capital -OLOID, a provider of identity & access management technology, raised $6M in Series A1 funding led by investors including Yaletown Partners, among others -adCAPTCHA, a security verification platform to protect against bots online, raised $1M in Early Stage funding from undisclosed investors -Socket, a developer-first security platform built to protect code from vulnerable and malicious dependencies, raised $40M in Series B funding led by Abstract Ventures -Reality Defender, a developer of a deepfake and AI-generated media detection platform, raised $33M in a Series A extension round led by Illuminate Financial -Stream.Security, a provider of cloud detection and response solutions, raised $30M in Series B funding from investors including Cervin Ventures -Qpoint, a provider of eBPF technology to safeguard application dependencies and data, raised $4M in Pre-Seed funding led by Mango Capital Highlighted M&A Activity -Effectiv, a developer of a real-time decision-making platform to manage risk and prevent fraud, was acquired by Socure for $136M -Dionach, a provider of cybersecurity services, was acquired by Nomios for an undisclosed amount -Harbor Networks, a provider of managed security services, was acquired by Worklyn Partners for an undisclosed amount -Bridge Security Advisors LLC, a provider of services spanning cloud security, GRC, and IAM, was acquired by RKON Technologies for an undisclosed amount -Secureworks, a provider of threat hunting, MDR, XDR, Consulting, and professional services, was acquired by Sophos for $859M If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B.., Adam Jasmin, Samuel Cook, John Gould

Altitude Cyber just released our Q3 Cybersecurity Market Review. Q3 included 271 transactions totaling $12.9B in disclosed deal values across financing (199 deals, $3.0B) and M&A (72 deals, $9.9B). Top financing deals this quarter include Kiteworks’s $456M Growth round, Cribl’s $319M Series E, and Abnormal Security’s $250M Series D, while notable M&A transactions include EQT Group’s acquisition of Acronis for an estimated $4.0B, Mastercard’s acquisition of Recorded Future for $2.7B, and Salesforce’s acquisition of Own Company for $1.9B. We also feature a closer look at the strategic impact of Mastercard’s recent acquisition of Recorded Future for $2.7B in partnership with Cole Grolmus of Strategy of Security, along with a summary of Dr. Chase Cunningham’s review of the US Department of Defense’s Zero Trust Model in cybersecurity, and a preview of the upcoming RSA Conference in San Francisco from April 28th through May 1st, 2025. Q3 showed promise in strategic activity on both M&A and Financing fronts as the market continues to recover from 2023 lows, while new and innovative technologies across AI / ML, Identity, GRC, SecOps, and more are driving growth and investment across the industry. Altitude expects continued strong activity into 2025 and beyond as founders and investors alike gain confidence in the market. John Gould, Adam Jasmin, Samuel Cook, Anne Jensen

The Sophos-Secureworks deal announced earlier this week was one of the five largest (disclosed) cybersecurity services transactions we've ever seen. It made me curious — how does this one rank against other large services deals? I teamed up with Altitude Cyber to figure it out, and the data is pretty interesting. A few quick observations about the disclosed deals: – Google Cloud's acquisition of Mandiant is by far the largest, and probably no surprise. Mandiant was a public company with an iconic brand and a unique mix of both products and services. – The FishNet Security-Accuvant deal was actually a merger backed by Blackstone (which is why I called it a PE transaction, not strategic). Blackstone acquired Accuvant, then FishNet Security, and merged the companies together to form Optiv. – Blackstone acquired the cybersecurity, intelligence and services business unit of RTX (formerly Raytheon), not the whole company. This was primarily services-related, but not exclusively. – Sophos-Secureworks was the fourth largest cybersecurity services deal (by my classification, anyway). So, a very significant one, but not quite the largest. – Palo Alto Networks is better known for buying products, but its acquisition of The Crypsis Group was both large and impactful. They merged it into the existing Unit 42 threat intelligence group and used the acquisition to accelerate the division's incident response services. There are also several significant *undisclosed* deals. Some highlights: – KKR acquired Optiv in 2016, shortly after the merger between FishNet Security and Accuvant. This was almost certainly over the $1.5B combined valuation from the merger, which would be the second largest services deal after Mandiant. – Fortra acquired Alert Logic in 2022 to expand its MDR business. The deal value wasn't disclosed, but it probably would have been in the top 10. – Accenture acquired Symantec's MSSP business unit from Broadcom in 2020, which made Accenture one of the largest cybersecurity managed services providers. – Security On-Demand (backed by Nautic Partners) acquired Booz Allen Hamilton's Managed Threat Services (MTS) business to create DeepSeas in 2022. ----- Deals for cybersecurity product companies get a lot of attention — but the Sophos-Secureworks acquistion is a good reminder that lots of activity happens in services, too!

Weekly Cybersecurity Deal Dashboard (October 14 – October 20) ? ?Highlighted Financing Activity -Trail Security (acquired by Cyera), a provider of data loss prevention solutions, announced as part of their acquisition by Cyera that they had raised a total of $35M in Early Stage funding from Lightspeed, CRV, and Cyberstarts -DeNexus, a provider of end-to-end cyber risk management solutions for OT environments, raised $18M in Series A funding led by Punja Global Ventures -LOUHE.ai, a developer of an AI analysis and security platform, raised $3M in Early Stage funding led by Lifeline Ventures -Vidoc Security Lab, a provider of security code review solutions, raised $2M in Early Stage funding from investors including pebblebed -Sto?k, a provider of cybersecurity insurance solutions, raised $27M in Series B funding led by Alven -Melius Cyber, a provider of security solutions to help SMEs detect vulnerabilities in their IT systems, raised $600k in Early Stage funding from the North East Venture Fund ? Highlighted M&A Activity -Trail Security, a provider of a data loss prevention solutions that was still in stealth mode, was acquired by Cyera for $162M -Dasera, a provider of data security posture management and governance solutions, was acquired by Netskope for an undisclosed amount -OffSec, a provider of continuous cyber workforce development training, was acquired by Leeds Equity Partners for an undisclosed amount -Port-IT B.V., a provider of cyber solutions for the maritime industry, was acquired by Marlink for an undisclosed amount -Amiosec, a provider of secure mobility and cybersecurity managed services, merged with Penten for an undisclosed amount -PlanNet21 Communications Ltd, a provider of enterprise networking and security solutions, was acquired by Conscia for an undisclosed amount If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B.., Adam Jasmin, Samuel Cook, John Gould

Weekly Cybersecurity Deal Dashboard (October 7 – October 13) ? ?Highlighted Financing Activity -CYRISMA, a provider of a risk management platform to identify, prioritize, and remediante vulnerabilities, track compliance, and manage AI risk, raised $7M in Growth funding led by Blueprint Equity -Relyance AI, a developer of an AI-powered data governance platform, raised $32M in Series B funding led by Thomvest -watchTowr, a developer of an external attack surface management platform, raised $19M in Series A funding led by PeakXV -HUMAN, a provider of fraud and digital risk management solutions, raised $50M in Growth funding led by WestCap -Prime Security, a provider of a platform allowing security teams to integrate risk-aware decisions into the fabric of product development, emerged from stealth and raised $6M in Seed funding led by Foundation Capital ? Highlighted M&A Activity -Grupo Antea, a provider of cybersecurity services, was acquired by knowmad mood for an undisclosed amount -CyberAntix, a provider of cybersecurity services, was acquired by Mustek in a majority acquisition for $1M -Kivera (acquired by Cloudflare), a provider of cloud security, data protection, and compliance solutions, was acquired by Cloudflare for an undisclosed amount -Parablu Inc., a provider of data security solutions protecting M365 Data, was acquired by CrashPlan for an undisclosed amount -CPX, a provider of cybersecurity consulting services, was acquired by G42 for an undisclosed amount -Qolcom, a provider of cybersecurity systems integration solutions, was acquired by Bechtle for an undisclosed amount -Assured Data Protection, a provider of managed security services, was acquired by Oakley Capital Fund V, with participation of Oakley Capital Investments Altitude Cyber, Dino B.., Adam Jasmin, Samuel Cook, John Gould

Weekly Cybersecurity Deal Dashboard (September 30 – October 6) ? Highlighted Financing Activity -Harmonic Security, a provider of zero-touch data protection solutions for AI, raised $18M in Series A funding led by Next47 -MarqVision (YC S21), a provider of online brand protection services, raised $16M in Early Stage funding from investors including Altos Ventures and QuantumLight -AMLYZE, a provider of regtech and anti-financial crime solutions, raised $3M in Seed funding led by Practica Capital -Eon.io, a provider of cloud backup solutions, emerged from stealth and announced that they raised a combined $127M in Seed, Series A, and Series B funding in 2024, including a $20M Seed round led by Sequoia Capital, a $30M Series A led by Lightspeed, and a $77M Series B round led by Greenoaks -Thero6, a developer of cybersecurity algorithms analyzing user behavior for blockchain platforms, raised $6M in Seed funding from undisclosed investors -Apono, a developer of a cloud access security platform, raised $16M in Series A funding led by New Era Capital Partners -Neeve, a provider of secure edge and zero-trust security solutions for OT environments and smart buildings, raised $15M in Later Stage funding from Cantor Fitzgerald and RXR -XmoreAI, a developer of a cybersecurity platform to consolidate multiple cyber tools into an AI-driven solution, raised an undisclosed amount of Early Stage funding from reAlpha AI Labs Highlighted M&A Activity -ClearSale, a provider of ecommerce fraud protection solutions, was acquired by Experian for $350M -Prevalent - Third-Party Risk Management, a provider of third party risk management solutions, was acquired by Mitratech for an undisclosed amount -Strong-IT GmbH, a provider of security consulting services, was acquired by VINCI Energies for an undisclosed amount -Network Perception, a provider of network security solutions in OT environments, was acquired by Dragos, Inc. for an undisclosed amount -Applied Insight, LLC, a provider of defensive cyber security services and advisory solutions, was acquired by CACI International Inc for an undisclosed amount -Muninn, a provider of network detection and response solutions, was acquired by Logpoint for an undisclosed amount -Arrka, a provider of data privacy solutions, was acquired by Persistent Systems for an undisclosed amount Altitude Cyber, Dino B., Adam Jasmin, Samuel Cook, John Gould