Updated at 12:25 am p.m. Eastern on Friday, June 10.
Right out of the gate at the RSA Conference there were multiple announcements around multi-million-dollar funding rounds and strategic acquisitions, one of them by IBM.
As of the early afternoon Pacific time, two were around Series C funding rounds and another two were acquisitions. Attendees were left wondering what the next few days would bring.
Perimeter 81 announces $100M Series C funding round
Perimeter 81 grabbed some headlines when it announced a $100 million Series C funding round that puts the company’s valuation at $1 billion. The funding will support the company’s rapid growth by accelerating hiring and development.
Company officials define the platform within the framework of Secure Access Service Edge (SASE), but the company views its future more in line with Secure Service Edge (SSE) – and that’s where its focus will go.
Click here for all the coverage coming out of RSAC.
Perimeter 81 provides an easily managed, multi-tenant solution that solves the pain of legacy hardware management and yields high recurring revenue growth. The new funding will help the company meet its goal of developing simpler, highly-innovative network security solutions and further disrupt the security industry.
AppOmni raises $70M in Series C funding
The other major funding news was AppOmni’s announcement that it raised $70 million in a Series C funding round to advance product development, fuel international growth, and scale go-to-market processes.
With this round, AppOmni has raised $123 million in total funding to date. A valuation estimate was not disclosed at this time.
AppOmni claims to protect more than 78 million users across a broad range of SaaS platforms and said it has secured more than 230 million exposed data records. The company’s SaaS security management software provides cost savings by speeding up development processes and allowing security and IT teams to secure more of their tech stacks with fewer resources.
IBM acquires Randori
On the acquisition front, IBM announced it plans to acquire Randori, a leading attack surface management (ASM) and offensive cybersecurity provider based in the Boston area.
Randori helps clients continuously identify external-facing assets, both on-premises or in the cloud, that are visible to attackers — and prioritize exposures which pose the greatest risk. IBM said Monday’s news further advances its hybrid cloud strategy and strengthens its portfolio of AI-powered cybersecurity products and services.
The Randori purchase ranks as IBM’s fourth acquisition in 2022 as the company aims to bolster its hybrid cloud and AI skills and capabilities, including in cybersecurity. IBM has acquired more than 20 companies since Arvind Krishna became CEO in April 2020.
Forescout to acquire Cysiv
Forescout Technologies also announced that it signed an agreement to acquire Cysiv, a cybersecurity company that uses its cloud platform to improve detection and response to threats.
With this acquisition, Forescout aims to leverage Cysiv’s threat detection engine to analyze a wealth of asset and network communications data automatically collected by Forescout’s platform. This comprehensive data across IT, IoT, OT and IoMT devices, as well as other essential data sources, promises better true threat detection and response so customers can operate more securely and efficiently. Upon the close of the acquisition, Cysiv will join Forescout.
Whistic raises $35 million
Whistic on Tuesday announced $35 million in Series B funding, bringing its total funding to more than $50M since its founding in 2015.
The company plans to add additional employees and its research shows the number of companies using proactive and openly provided security profiles will double in the coming four years. This funding will help Whistic act as a primary catalyst in that growth.
Whistic officials added that its Vendor Security Network includes more than 40,000 profiles that are available on-demand. Prominent customers include Okta, AirBnB, Zendesk, and Snap.
Immuta secures $100 million in Series E funding
Immuta on Wednesday announced that it has secured $100 million in Series E funding. With this investment, Immuta aims to meet the industry’s growing data security and privacy demands by accelerating secure data access across all cloud platforms.
The new investment brings Immuta’s total financing to $267 million and a valuation of $1 billion. Immuta will use the investment to accelerate product innovation, expand sales, marketing, and customer success teams to meet growing global demand, and deepen strategic partnerships within the cloud data ecosystem.
Immuta has been rapidly expanding to address these demands, and in April announced its expansion into the Australian and New Zealand markets with the addition of new customers and new hires in the region. In 2021, Immuta further expanded its partner network of top cloud data platforms with native integrations to include Snowflake, Databricks, Amazon, Google, Azure, and Starburst.
CyberCX acquires Tracer Cloud
CyberCX on Thursday said it has acquired Australian cloud security professional services firm and a multi-cloud specialist Tracer Cloud. The purchase price was not disclosed.
Company officials aim to have the acquisition bolster CyberCX’s cloud security capabilities, specifically with AWS, Azure, Google Cloud, and hybrid cloud environments, as well as expand their enterprise and government customer bases.
CyberCX also acquired New Zealand AWS specialist Consegna Cloud, a move that brings CyberCX’s workforce to over 150.
This story will be updated as new deals are announced during the RSA Conference.
