Following Rubrik's announcement that it plans to list on the New York Stock Exchange, another company is considering trying its luck in the public market. Claroty is meeting with underwriters ahead of a possible 2025 IPO that could value the cyber-physical systems security titan at $3.5 billion.
Cybersecurity startups are wary of the public markets following a hard economic reset that made profitability more important than growth and performance more important than potential. Due to this dramatic shift, lots of cybersecurity startups want to file for an IPO, but nobody wants to go first.
Cybereason is carrying out its third round of layoffs in 21 months, and dozens of senior employees are expected to be let go. Among the exiting employees is Zohar Alon, the longtime Dome9 Security leader who joined Cybereason just 11 months ago as president of product and research and development.
Wiz is reportedly set to buy centralized cloud threat management vendor Gem Security for $350 million, Bloomberg reported this week. The deal would come just four months after Wiz made its first-ever acquisition, scooping up cloud-based development platform Raftt for as much as $50 million.
Cyera is raising between $150 million and $200 million in a new funding round that would value the Silicon Valley-based data security startup at as much as $1.55 billion. The funding talks come just nine months after Cyera closed a $100 million Series B round at a reported $500 million valuation.
The New York-based cloud security phenom is speaking with several investors include Thrive, Lightspeed Venture Partners, G Squared, Sequoia and Cyberstarts in hope of raising roughly $800 million at a valuation of more than $10 billion. The cash infusion would help Wiz finance future acquisitions.
Microsoft once again finds itself in the crosshairs of antitrust regulators, this time for practices around its Entra ID identity management tool. The European Commission is probing whether Microsoft prevents customers from buying security software that competes with its own, The Information said.
Carbon Black won't be getting a new residence anytime soon after indications of interest in the organization fell short of Broadcom's expectations. The semiconductor giant had been looking to fetch $1 billion for the security firm - including debt - but offers at that dollar figure remained elusive.
It looks as if Carbon Black's days as part of Broadcom are numbered. Broadcom CEO Hock Tan told staff at newly acquired VMware in both an email and town hall meeting that he plans to "review strategic alternatives." The move comes just four years after VMware purchased Carbon Black for $2.1 billion.
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.
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