Duncan Riley
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The ongoing march of cybersecurity market consolidation continued today as two startups were acquired by larger, publicly listed established firms. The first acquisition saw Cloudflare Inc. acquire cybersecurity firm Area 1 Security Inc. for $162 million, while Darktrace PLC acquired Cybersprint B.V. for €47.5 …
1Password deal with Phantom provides secure access to cryptocurrency wallets
Password management software provider 1Password today said it has signed a deal with cryptocurrency wallet provider Phantom Technologies Inc. to secure the passwords of wallet users. Under the deal, 1Password will integrate its “Save in 1Password” application programming interface with Phantom, allowing Phantom users to …
Israeli access management startup Astrix Security launches with $15M in funding
Israeli access management startup Astrix Security Ltd. today launched out of stealth mode with an announcement that it has raised $15 million in funding. The seed round was led by Bessemer Venture Partners and F2 Capital, with Venrock and more than 20 leading cybersecurity …
Manufacturing overtakes financial services as the most attacked industry
A new report from IBM Security released early Wednesday says manufacturing is feeling the brunt of cyberattacks as supply chain issues continue to grow. The finding was revealed in IBM Security’s annual X-Force Threat Intelligence Index that unveiled how ransomware and vulnerability exploitations …
Managed detection and response startup eSentire raises $325M on $1B valuation
Canadian managed detection and response startup eSentire Inc. today said it has raised $325 million in new funding to invest in research and development and hire more people. The secondary market and private equity raise came through binding agreements with Georgian and Caisse de dépot …
Down day: Slack, GitHub, Walmart all suffer outages and issues
Updated to include comments from AWS Several large sites and services suffered issues and downtime today in what could be a range of possible coincidences or might share a common root cause. Salesforce.com Inc.’s Slack led the pack, with some reports suggesting …
Palo Alto Networks shares rise on better-than-expected earnings report
Shares in Palo Alto Networks Inc. rose in after-hours trading after the network management and security firm beat estimates in its latest earnings report. For its fiscal second quarter ended Jan. 31, Palo Alto Networks reported a profit before costs such as …
IoT security startup Phosphorus raises $38M to fuel growth and development
“Internet of things” security startup Phosphorus Cybersecurity Inc. today announced that it has raised $38 million in new funding to fuel growth and technology development and enhance its user experience. SYN Ventures and MassMutual Ventures led the Series A round. Including the new funding, Phosphorus …
Beyond Identity raises $100M for R&D on unicorn valuation of $1.1B
Passwordless multifactor authentication startup Beyond Identity Inc. today announced $100 million in new funding to expand research and development and to extend the company’s footprint and resources into the Asia Pacific region and Latin America. Evolution Equity Partners led the Series C round …
Cryptocurrency platform startup Amber Group raises $200M on $3B valuation
Cryptocurrency platform startup Amber Global Ltd. today revealed that it has raised $200 million in new funding to expand its global footprint in developed and developing markets. Temasek Holding Ltd. led the Series B+ round with Sequoia China, Pantera Capital, Tiger Global Management, …