Investments and insights.
$115M RAISED | 6 DEALS | 5 COUNTRIES
- Aikido has secured $60 million in a Series B round led by Tom Stafford at DST Global.
- Project Eleven has raised $20 million in a Series A round led by Castle Island Ventures.
- Zepo Intelligence has raised $15 million in seed funding from Kibo Ventures, eCAPITAL, and TIN Capital.
- CloudSEK has secured $10 million in a Series B2 round from Connecticut Innovations.
- Fencer has emerged from stealth with $5.5 million in seed funding led by MHS Capital.
- Asymmetric Security has emerged from stealth with $4.2 million in seed funding led by Susa Ventures.
Belgian developer security firm Aikido has secured $60 million in a Series B round led by Tom Stafford at DST Global, with participation from PSG Equity, Singular, Notion Capital, and others. According to SaaS News, the company will use the funding to enhance its platform.
US-based post-quantum security company Project Eleven has raised $20 million in a Series A round led by Castle Island Ventures, with participation from Coinbase Ventures, Fin Capital, Variant, Quantonation, Nebular, Formation, Lattice Fund, Satstreet Ventures, Nascent Ventures, and Balaji Srinivasan, as well as existing investors Variant, Quantonation, Nebular, and Formation.
Spanish human risk management platform provider Zepo Intelligence has raised $15 million in seed funding from Kibo Ventures, eCAPITAL, and TIN Capital. The company says the funding "will allow Zepo to expand its team and scale its proprietary technology globally."
India-based cyber intelligence provider CloudSEK has secured $10 million in a Series B2 round from Connecticut Innovations, the strategic venture capital arm of the State of Connecticut. The company stated, "CloudSEK will leverage this investment to accelerate its expansion in the U.S., with plans to establish its regional hub for operations, talent, and partnerships in Connecticut. The company is preparing to onboard strategic local talent and build deep collaborations with corporate partners, universities, and research ecosystems across the state."
New York-headquartered software security and compliance platform provider Fencer has emerged from stealth with $5.5 million in seed funding led by MHS Capital, with participation from Goldcrest Capital and angel investors.
London-based digital forensics and incident response firm Asymmetric Security has emerged from stealth with $4.2 million in seed funding led by Susa Ventures, with additional support from Halcyon Ventures, Overlook Ventures, and angel investors. According to TFN, the company "plans to use the new funding to expand its engineering and incident response teams."
Mergers and acquisitions.
10 DEALS | 5 COUNTRIES
- Infoblox has agreed to acquire Miami-headquartered exposure management firm Axur.
- Delinea will acquire access management provider StrongDM
- OneSpan has agreed to acquire German mobile app protection firm Build38.
- Diligent has acquired Dutch third-party risk management platform 3rdRisk.
- Usercentrics has acquired AI governance firm MCP Manager.
- Thinkst Canary has acquired UK-based honeypot and honeytoken platform provider DeceptIQ.
- inherent group has acquired French MSSP Inovacom.
- Sole Source Capital (SSC) has acquired New York-based MSSP Brite.
- NuView has acquired Austin-based MSSP Beyond Secure.
- Aurex has acquired Chantilly, Virginia-based cybersecurity company Alpha 2.
Santa Clara, California-based IT automation and networking company Infoblox has agreed to acquire Miami-headquartered exposure management firm Axur. Scott Harrell, president and CEO of Infoblox, stated, "Many modern attacks now start outside the traditional network, on fake websites, social platforms, app stores, and search ads. That’s why security teams are moving beyond their perimeter, focusing on seeing what’s exposed and reducing risk before a breach. Axur extends our preemptive security offering by giving customers the ability to see and stop these threats earlier with rapid, AI-powered detection and takedowns that disrupt malicious infrastructure before it can be weaponized."
San Francisco-based identity security company Delinea has agreed to acquire Burlingame, California-based access management provider StrongDM. The company stated, "Delinea’s leadership in enterprise privileged access management (PAM), combined with StrongDM’s just-in-time (JIT) runtime authorization capabilities and developer-first access model, will form a new class of identity security platform designed for continuous, always-on environments."
Boston-based secure authentication provider OneSpan has agreed to acquire German mobile app protection firm Build38. The company stated, "OneSpan plans to integrate Build38’s advanced SDK-based approach to Runtime Application Self-Protection (RASP) to enhance its mobile security portfolio and deliver deeper in-app protection against attacks targeting applications and devices."
New York City-headquartered governance, risk, and compliance platform provider Diligent has acquired Dutch third-party risk management platform 3rdRisk. Scott Bridgen, General Manager, Risk and Audit at Diligent, stated, "By combining Diligent’s AI platform with 3rdRisk’s third-party risk management capabilities, we’re delivering the most holistic solution that spans from the boardroom to the extended vendor landscape."
German consent management platform Usercentrics has acquired New York-headquartered AI governance firm MCP Manager. Usercentrics stated, "The combined platform will deliver a unified Privacy-Led Marketing Suite that manages consent, preferences, and data governance across websites, apps, internal systems, and consumer-facing AI agents."
Breach detection company Thinkst Canary has acquired UK-based honeypot and honeytoken platform provider DeceptIQ. Thinkst stated, "DeceptIQ is built by red-teamers with a deep desire to turn the tables on attackers. In our ten years of doing Canary, we’ve never seen such a strong natural alignment."
French B2B cloud and connectivity services provider inherent group has acquired Paris-based MSSP Inovacom. The company stated, "With this acquisition, inherent group further reinforces its presence in the Paris region, where it already operates four agencies and employs 330 people. The combination Inovacom and Everlink – another managed IT, cloud and telecom services provider acquired by inherent in June 2025 – will enable the group to better serve the SME segment with strong local coverage across the whole Paris region."
Dallas-based private equity firm Sole Source Capital (SSC) has acquired New York-based MSSP Brite. David Fredston, founder and CEO of SSC, stated, "[W]e believe Brite represents a compelling opportunity as we enter the cybersecurity and managed services sector. The company’s experienced leadership team and longstanding customer relationships provide a strong foundation to scale the business and expand its capabilities over time."
New Hampshire-headquartered NuView, a newly-formed managed IT and cybersecurity platform backed by RFE Investment Partners and Mansfield Investment Partners, has acquired Austin-based MSSP Beyond Secure. The companies said in a press release, "The transaction provides Beyond Secure with a strategic partner aligned with its focus on compliance-driven services and expanding demand within niche vertical markets. The company will contribute to NuView's broader platform, which brings together managed IT, cybersecurity, compliance, and advisory services under a unified operating model."
Huntsville, Alabama-based aerospace and defense firm Aurex has acquired Chantilly, Virginia-based cybersecurity company Alpha 2. Aurex stated, "The acquisition of Alpha 2 further strengthens Aurex’s capabilities while expanding its customer base into the classified intelligence community and cementing the Company as the premier provider of hypersonics, missile defense, prototyping, cryptographic, and cybersecurity capabilities."
Executive moves.
RSA Conference (RSAC) has appointed former CISA director Jen Easterly as its CEO.
Claroty has named James Love as Chief Revenue Officer. Love most recently served as CRO at Radiant Logic.
Trulioo has hired Craig McDonald as Chief Revenue Officer. McDonald most recently served as Chief Business Officer at Trustly.
ID Dataweb has appointed Dr. Torsten George as the company’s first Chief Marketing Officer. George has previously held senior leadership roles at ConnectWise, Absolute Software, Centrify (now Delinea), RiskSense, and ActivIdentity.
Cyderes has hired Lana Knop as Chief Product Officer. Knop most recently served as the Vice President of Product Management at SentinelOne.
Doppel has named Natasha Mohanty as SVP of Engineering. Mohanty most recently served as Head of Engineering for Optimized Checkout Suite and Link at Stripe.
XBOW has hired WonLae Lee as General Manager for South Korea. Lee most recently served as Advanced Penetration Test Team Leader at Samsung SDS.