New funding rounds and strategic acquisitions announced at RSA Conference
A number of funding and acquisition announcements kicked off this week's RSA Conference in San Francisco. ("Cash Money (part two)" by jtyerse is licensed under CC BY-NC-ND 2.0.)
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.
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.
This story will be updated as new deals are announced during the RSA Conference.
