May 7, 2024 at 05:48PM Cloud security company Wiz has secured a significant $1 billion in funding, totaling $1.9 billion. Led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, the 4-year-old company plans to focus on M&A, product development, and talent recruitment, predicting 2024 as “the year of security consolidation.” Wiz’s recent acquisitions include … Read more
April 25, 2024 at 06:15AM IBM confirms acquisition of HashiCorp for $6.4 billion, to enhance multi-cloud and hybrid capabilities. Deal to close by year end, pending regulatory approval. IBM aims to leverage HashiCorp’s expertise in AI, data security, and IT automation to bolster its hybrid cloud platform. HashiCorp’s strong customer base and cybersecurity solutions are … Read more
April 10, 2024 at 05:15PM Wiz has acquired New York-based startup Gem Security for $10 billion. This aims to enhance Wiz’s Cloud Detection and Response (CDR) capabilities and consolidate its Cloud Native Application Protection Platform (CNAPP). The deal sees Gem’s technology and employees joining Wiz, positioning Wiz as the world’s leading cloud security platform with … Read more
January 9, 2024 at 07:36AM In 2023, cybersecurity transactions increased, but funding secured by companies decreased significantly. Pinpoint Search Group’s annual report revealed 437 transactions, including 346 funding rounds and 91 M&A deals. Despite increased funding rounds, total funding dropped by 40% to $8.7 billion. The cybersecurity market segments with the highest funding percentages were … Read more
January 4, 2024 at 04:00PM Airbus and Atos are in initial talks for Airbus to potentially acquire Atos’ Big Data and Security (BDS) business for a valuation of €1.5 to 1.8 billion. The offer is nonbinding, and discussions are ongoing. This potential sale reflects the growing need for specialized aviation cybersecurity solutions, with new regulations … Read more