💰 Security, Funded #44

Good  morning,

I hope you had a great weekend!

An unusually low number in overall funds raised last week, but still an eventful week on the merger and acquisition front with one company alone making four (4) M&A events. 😳

Let's dive in.

💰 Summary

• 12 companies raised $140.7M across 7 unique product categories
• 10 companies were acquired or had a merger event for $4.2B

🧩 By Product Category

• $44.7M for Data Protection
• $36.0M for Distributed Ledger Technology (DLT) Security
• $32.2M for Cloud Security
• $12.5M for Fraud and Financial Crime Protection
• $8.3M for Infrastructure as Code (IaC)
• $4.0M for Application Security
• $3.0M for Managed Security Services Provider (MSSP)

🗣 SPONSOR

🏢 By Company

• Certora, a smart contract security platform, raised a $36.0M Series B from Jump Crypto.
• Seclore, a data classification and security platform, raised a $27.0M Series C from Origami Capital Partners.
• Pangea, an API platform for secure cloud infrastructure deployments, raised a $25.0M Series A from Ballistic Ventures and SYN Ventures.
• CertifID, a wire fraud protection and recovery service, raised a $12.5M Series A from Arthur Ventures.
• Dig Security, a cloud data detection and response platform, raised a $11.0M Seed from Team8.
• CipherMode Labs, a data protection platform using differential encryption, raised a $6.7M Seed from Innovation Endeavors.
• LimaCharlie, a security infrastructure as a service, raised a $6.4M Venture Round.
• GuardRails, an application security platform, raised a $4.0M Series A from Surge.
• Rencore, a cloud governance and compliance platform for the Microsoft stack, raised a $4.0M Series A from Capnamic Ventures.
• Cyscale, a cloud security platform, raised a $3.2M Seed from Notion Capital.
• BeMo, a Managed Security Service Provider (MSSP) focused on the Microsoft stack, raised a $3.0M Seed from Gula Tech Adventures.
• StackZone, a secure cloud management and deployment platform, raised a $1.9M Seed.

🤝 Mergers & Acquisitions

• ManTech, a professional services firm focused on cyber defense and intelligence, was acquired by The Carlyle Group for $4.2B.
• Appsian, a data security platform for Enterprise Resource Platforms (ERP) like SAP and Oracle, merged with Pathlock.
• Cloudkeyz, a cloud-based physical access management security company, was acquired by ButterflyMX for an undisclosed amount.
• CSI Tools, an access control and governance platform for SAP, was acquired by Pathlock for an undisclosed amount.
• Excellium Services, a professional services firm focused on incident response and penetration testing, was acquired by Thales Group for an undisclosed amount.
• LUCY Security, a security awareness and training company, was acquired by ThriveDX for an undisclosed amount.
• S21sec, a managed security services provider (MSSP), was acquired by Thales Group for an undisclosed amount.
• SAST SOLUTIONS, a professional services company focused on securing the SAP platform, was acquired by Pathlock for an undisclosed amount.
• SecurityWeaver, an identity and access management (IAM) governance platform, merged with Pathlock.
• SideChannel, a professional services firm focusing on cybersecurity for SMBs, was acquired by CipherLoc for an undisclosed amount.

🔐 Secure The Job

If you're looking for new opportunities (actively or passively), I've got two ways to help:

• Return on Security Job Board - Browse the jobs I curate each week and apply for what matches your interests.
• Return on Security Talent Collective - Join the talent collective to get personally matched with high-growth, high-upside opportunities. This is invite-only, curated by me, and you can set your profile to be public or anonymous.

Search firms, recruiters, and hiring managers - hire the best talent from the Return on Security community by signing up here.

📚 Great Reads & Finds

• Security Study Plan - A Practical Study Plan to become a successful cybersecurity engineer based on roles like Pentest, AppSec, Cloud Security, DevSecOps and so on with free/paid resources, tools and concepts to excel.
• Beginner’s Mind, Imposter Syndrome and Andrew Weatherall - The root word — imposter — is the problem. MW defines imposter as: “One that assumes false identity or title for the purpose of deception.” The root word reinforces a problem when the whole intent is to free people from it.
• Open Source Security Tools - A list of interesting open-source tools.

🧪 Labs

It's the little things like your full PAN and CVV that really make the difference 🥲

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Thanks for reading!

Cheers,

Mike P