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Cyber security, AI and cloud deal roundup, CIOSEA News, ETCIO SEA | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware


The last month of 2023 also saw its share of investments in cloud, data, cyber, and AI startups. The month also saw a couple of acquisitions. While there were not any big ticket fundings announced, ArmorCode, the leader in Application Security Posture Management and Risk-Based Vulnerability Management, announced it closed a pre-emptive $40 million Series B round to advance its mission of helping companies ship secure software fast and at scale. Similarly, SimSpace, a US-based market leader in military-grade cybersecurity, announced that it has closed a $45 million equity raise led by L2 Point Management.In acquisitions, the big ticket acquisition that made headlines was IBM announcing that it has entered into a definitive agreement with Software AG, a company majority owned by Silver Lake, to purchase StreamSets and webMethods, Software AG’s Super iPaaS enterprise technology platforms, for €2.13 billion in cash. In other news, Honeywell announced plans to enhance and strengthen its building automation capabilities with the acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion, in an all-cash transaction

Here’s a quick look at some of the funding deals and acquisitions that transpired in December in the cloud, data, and AI space.

Fundings/ Investments

ArmorCode raises $40 Mn in Series B funding

ArmorCode, the leader in Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM), announced it closed a pre-emptive $40 million Series B round to advance its mission of helping companies ship secure software fast and at scale. Premier venture firm HighlandX led the round, joined by NGP Capital, along with participation from existing investors Ballistic Ventures, Sierra Ventures and Cervin Ventures. As part of HighlandX’s investment, Managing Partner Corey Mulloy will join ArmorCode’s board. This marks a total of $65 million raised to propel organisations toward fully understanding and improving the state of their software risk.Mine secures $30 Mn in Series B funding

Mine, a pioneering company disrupting the data privacy market, announced that it has raised $30 million in Series B funding, co-led by Battery Ventures and PayPal Ventures, with significant investments from Nationwide Ventures and with the participation of all existing investors including Saban Ventures, Gradient Ventures (Google’s AI), MassMutual Ventures and Headline Ventures. This substantial investment will propel Mine’s mission to redefine data privacy and governance management for companies globally, enabling them to gain better control over their data and simplify regulatory compliance processes to get peace of mind.

Cybersecurity startup Xeol raises $3.2 Mn in Seed funding

Xeol, the New York City-based cybersecurity company, announced that it raised $3.2 million in Seed funding led by Shield Capital with Y Combinator and 468 Capital also participating. Xeol’s focus is to secure software throughout its lifecycle beginning at the code repository all the way through delivery to customers. The team starts by managing enterprises’ end-of-life software whose publishers no longer provide security patches.

Zero Networks raises $20M in Series B funding

Israeli cybersecurity startup Zero Networks, a leading provider of zero trust identity and network security solutions, raised $20 million in Series B funding following a five-fold increase in its revenue, bringing its total raised capital to $45 million. U.S. Venture Partners (USVP) led the round, with notable strategic investor Dmitri Alperovitch, co-founder and former CTO of CrowdStrike, also participating. Existing investors Venrock, F2 Venture Capital, and Pico Venture Partners, also joined the round. The funds will be utilised to recruit development, marketing, and sales personnel, supporting Zero Networks’ hypergrowth.

Guardz raises $18Mn in Series A funding

Guardz, the cybersecurity company securing and insuring small businesses, announced that it has raised an $18Mn Series A round led by Glilot+, the early growth fund of Glilot Capital Partners. Guardz’s existing investors Hanaco Ventures, iAngels, and GKFF Ventures participated in the oversubscribed round and were joined by new investors ClearSky. The investment comes less than a year after Guardz launched with $10M in seed funding, bringing its total funding to date to $28M.

Salvador Technologies raises $6Mn in funding to empower cyber resilience in operational technologies

Salvador Technologies, the pioneering cyber-attack recovery platform provider for critical infrastructures and industrial organisations, announced that it has secured $6m in funding. Salvador Technologies’ investment round was led by Pico Venture Partners, with participation from existing investors such as Pitango VC and Sarona Partners, who continue to play an essential role in shaping the company.

ScaleOps raises $21.5 Mn to automate cloud resource management

ScaleOps, a startup specialising in cloud resource management, announced $21.5 million in funding for the first fully-automated cloud-native resource orchestration platform. The Seed and Series A funding rounds announced today were led by Lightspeed Venture Partners, NFX, and Glilot Capital Partners. ScaleOps has attracted a large and dedicated customer base of companies that use the platform to fully automate their production environments, achieving up to 80% cloud cost savings and delivering better-running applications.

Halcyon closes $40M Series B funding to scale mission of defeating ransomware

Halcyon, the leading platform designed from day one to defeat ransomware, announced it has closed a $40M Series B funding round led by Bain Capital Ventures (BCV).The oversubscribed funding round follows a $50M Series A announced in April 2023, bringing total funding raised in 2023 to $90M. The new capital will be used to expand the company’s engineering, R&D, and sales functions. Halcyon is aggressively targeting enterprise clients across all verticals with a specific focus in education, financial services and healthcare.

Cyber firm SimSpace secures $45M in funding from L2 Point Management

SimSpace, a US-based market leader in military-grade cybersecurity, announced that it has closed a $45 million equity raise led by L2 Point Management, a private investment firm specialising in flexible capital solutions for growth companies. This investment brings the total capital raised by SimSpace over the past year to $70 million and will support the company’s continued growth trajectory, including its expansion into new geographies.

Mergers/ Acquisitions

Accenture to acquire Bangkok based Rabbit’s Tale to strengthen digital customer experience capabilities in Southeast Asia

Accenture agreed to acquire Rabbit’s Tale, a Bangkok-based creative and digital experience agency. The move will significantly strengthen the regional creative, brand and data capabilities of Accenture Song—the world’s largest tech-powered creative group—and help our clients build and optimise digital experiences across the entire customer lifecycle for growth in Thailand.

Thales completes the acquisition of Imperva

Thales announced that it has completed the acquisition of Imperva, earlier than expected (previously foreseen at the beginning of 2024). This is a key milestone for Thales, creating a global leader in cybersecurity, with more than 5,800 cybersecurity experts across 68 countries and €2.4bn in cybersecurity revenue expected in 2024, including civil and defence activities, with double-digit growth expected thereafter. In India, this acquisition of Imperva will bring in around 100 employees specialising in software engineering development and customer success management to Thales.

Palo Alto Networks completes acquisition of Dig Security

Palo Alto Networks, the global cybersecurity leader, announced it has completed its acquisition of Dig Security, an innovative provider of Data Security Posture Management (DSPM). The large volumes of data stored in the cloud require data security solutions that are purpose-built to handle the complexities of cloud environments. Dig’s cutting-edge capabilities, seamlessly integrated into Palo Alto Networks Prisma® Cloud platform, will provide organisations with near-real-time data protection across the entire cloud estate.

IT training firm ACI Learning acquires Infosec Learning

ACI Learning, the audit, cybersecurity and IT training leader, announced the acquisition of Infosec Learning, a leading digital skills learning platform for cybersecurity, cyber ranges and software training. This latest acquisition marks ACI’s 4th add-on acquisition as a Boathouse Capital portfolio company.

Honeywell acquires Carrier’s Global Access Solutions to strengthen automation business

Honeywell announced plans to enhance and strengthen its building automation capabilities with the acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion, in an all-cash transaction. This acquisition will enable Honeywell to become a leading provider of security solutions for the digital age. The acquisition, which includes both hardware and software solutions, further supports Honeywell’s recently announced plans to align its portfolio to three compelling megatrends: automation, the future of aviation and energy transition, underpinned by robust digitalisation capabilities and solutions. The Global Access Solutions business will enhance Honeywell Building Technologies’ business model of leading with high-value products that are critical for buildings.

GlobalLogic expands mobility capabilities through acquisition of Australia based Katzion

GlobalLogic, a Hitachi Group Company and a leader in Digital Engineering, announced it has entered into a definitive agreement to acquire Katzion, a Sydney, Australia-based engineering firm specialising in applications for the automotive industry. Through this strategic acquisition, GlobalLogic will expand offerings in the mobility sector and support geographic expansion in Australia/Asia-Pacific, Spain, and the Middle East.

Cognizant to acquire Thirdera to enhance cross-industry digital transformation with ServiceNow

Cognizant has entered into an agreement to acquire Broomfield, CO-based Thirdera, an Elite ServiceNow Partner specialising in advisory, implementation and optimisation solutions related to the ServiceNow platform, with a strong focus on emerging enterprise workflow products. As part of the acquisition, Thirdera’s ServiceNow training platform, Thirdera University – one of the world’s largest – is expected to play a central role in credentialing resources to fulfill growing demand in the ServiceNow ecosystem. The addition of Thirdera, which brings an on-and-near-shore global presence for the Cognizant ServiceNow Business Group, is expected to further efforts on the path of Cognizant and ServiceNow’s strategic partnership to build a $1 billion combined business focused on AI-driven automation.

IBM to acquire StreamSets and webMethods platforms from Software AG for €2.13 Bn

IBM announced that it has entered into a definitive agreement with Software AG (FRA: SOW), a company majority owned by Silver Lake, to purchase StreamSets and webMethods, Software AG’s Super iPaaS (integration platform-as-a-service) enterprise technology platforms, for €2.13 billion in cash. As organisations continue to accelerate their digital transformations, application and data integration solutions are critical elements for application modernisation and effectively deploying AI across the enterprise. StreamSets and webMethods are among the technology leaders in application integration, API management, and data integration.

Qlik acquires Mozaic Data

Qlik, a leader in data integration and analytics, announced the acquisition of Mozaic Data (Mozaic), an innovative AI-driven data management technology. This timely acquisition marks an advancement in simplifying data handling for businesses, focusing on a data product-oriented approach for better data quality and governance.

Okta to acquire identity security platform Spera Security

Okta entered into a definitive agreement to acquire Spera Security, an Identity security platform, to broaden its identity threat detection and security posture management capabilities. This acquisition continues its investment in secure identity product offerings and furthers its vision to free everyone to safely use any technology.

Proofpoint closes acquisition of Tessian

Proofpoint, Inc., a leading cybersecurity and compliance company, announced the completion of its acquisition of Tessian, a leader in the use of advanced AI to automatically detect and guard against both accidental data loss and evolving email threats.

Salesforce to acquire incentive compensation management (ICM) software Spiff

Salesforce has signed a definitive agreement to acquire Spiff, a provider of a new class of incentive compensation management (ICM) software that combines an intuitive low-code UI, the familiarity of a spreadsheet, and a powerful processing engine to drive commissions automation at scale. After the acquisition closes, the Spiff organisation will join Sales Cloud, working to enhance Salesforce’s Sales Performance Management solutions by providing customers with a trusted platform to increase visibility, supercharge selling & unlock growth.

Cisco to acquire Isovalent to define the future of multicloud networking and security

Cisco announced the intent to acquire Isovalent, a leader in open source cloud native networking and security, to bolster its secure networking capabilities across public clouds. The acquisition of Isovalent will build on the Cisco Security Cloud vision, an AI-driven, cloud delivered, integrated security platform for organisations of any shape and size.

Dazheng Group consortium announces bid to buy Hollysys Automation for $1.8 billion

A consortium led by China’s Dazheng Group Acquisition announced a bid to acquire automation and control technology provider Hollysys Automation Technologies (HOLI.F) in an all-cash transaction valued at $1.8 billion. The consortium, which includes TFI Asset Management and GA Technologies, said it would acquire all outstanding shares of Hollysys it does not already own for $29 per share in cash.

  • Published On Jan 2, 2024 at 05:00 AM IST

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