A data security startup led by a Microsoft and Google veteran and backed by Samsung and CrowdStrike could soon be acquired by Palo Alto Networks. The company is in advanced talks to buy data security posture management startup Dig Security for between $300 million and $400 million.
It turns out SIEM isn't on life support after all. Cisco is providing 28 billion reasons to believe enterprises aren't scrapping the security operations center staple anytime soon, even though rivals with other types of security technology have attempted to write SIEM's obituary for years.
Last year's winner of RSA Conference's prestigious Innovation Sandbox contest could soon be acquired by Palo Alto Networks, according to Calcalist. The platform security behemoth is in advanced negotiations to purchase enterprise browser startup Talon Cyber Security for $600 million, Calcalist said.
A startup founded by the longtime leader of Secdo and backed by the likes of Qumra Capital and Accel could soon be acquired by Tenable. The company is in advanced negotiations to purchase cloud infrastructure security startup Ermetic in a deal valued at between $300 million and $350 million.
Venture-backed cloud security firm Wiz swallowing up publicly traded endpoint security firm SentinelOne would be one of the most unorthodox and surprising acquisitions the cybersecurity industry has ever seen. But despite the major financial hurdles, the potential technology synergies are obvious.
A startup founded by two Israel Defense Forces veterans and backed by the likes of Insight Partners and Cyberstarts could soon be acquired by CrowdStrike. The endpoint security firm is in advanced negotiations to purchase Silicon Valley-based application security posture management vendor Bionic.
Big banks want social media firms to take accountability for scams that occur on their payment platforms, but that doesn’t mean reimbursing victims. Banks need to take the lead in making victims whole quickly. And big tech and telcos need to kick the scammers out of their platforms.
Cisco took its first major step toward realizing its secure cloud vision in April with the debut of a new extended detection and response platform. The next set of enhancements around generative AI, secure access and defending applications across multiple clouds debuted Tuesday at Cisco Live 2023.
Despite the beating new publicly traded security companies have taken during the economic downturn, Rubrik is looking to test its luck in the public market. Reuters reported Monday the firm is working with Goldman Sachs, Barclays and Citigroup in preparation for an IPO that could take place in 2024.
The purchase of promising early-stage startup Laminar by a large tech vendor would match many M&A deals seen in 2023. The downturn has made it tough for small startups to raise additional funding at an increased valuation, while the push for profitability has left big firms open to only tuck-in M&A.
The launch of Microsoft's Security Copilot may have attracted the most attention in the market since it was developed by the company that brought generative AI chatbots to the masses, but it's neither the first nor the only security product to incorporate OpenAI's ChatGPT into its design.
Further punishment of Moscow-based Kaspersky by the Biden administration could be the final nail in the coffin of the company's deeply wounded North American business. The U.S. Commerce Department is weighing enforcement action against the Russian cybersecurity giant under its online security rules.
The economic downturn has laid bare just how much of a disaster special purpose acquisition companies have been for the cyber industry. Despite this, confidential computing security vendor Hub decided to try its luck with a SPAC. So far, Hub's time on the Nasdaq Stock Exchange hasn't gone well.
Identity verification and e-signature firm OneSpan is working with investment bank Evercore on a sale process that could attract interest from other businesses and private equity firms, Reuters reported. This follows five publicly traded cyber vendors agreeing to go private since the start of 2022.
In the 21-month stretch from October 2020 to June 2022, a whopping 48 cybersecurity startups received 10-figure valuations as investors evaluated prospects on potential rather than performance. Now that the financial boom has gone bust, what happens to these unicorns from a different economic era?
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