2018 saw a spate of major cyber attacks including the hacks of British Airways, Facebook and Marriott. Despite growing emphasis on and awareness of cyber threats, large organizations continue experiencing massive data breaches.
Darktrace, a UK cyber defence firm, on Tuesday announced their $75-million Series D funding round led by Insight Venture Partners, allowing the company to increase its expansion in Asia Pacific. Existing investors, Summit Partners, KKR and TenEleven Ventures, a specialised VC firm in cyber security companies, also participated in the round. The company’s valuation has touched $825 million post investment.
Family offices are more vulnerable to cyber crime than many other financial groups, but what can they do to make them less vulnerable? A new report outlines a number of good practices for family offices in this area.
Microsoft has acquired Hexadite, Israeli cybersecurity startup, in a deal thought to be worth around $100 million. Hexadite is perhaps less about preventing cyberattacks than it is about identifying and addressing them swiftly when they occur. Hexadite is backed by Hewlett Packard Ventures, Ten Eleven Ventures and YL Ventures.
While a wave of cyber attacks like the coordinated “WannaCry” virus may be bad for business, it’s no secret that it means good business promotion for the cybersecurity industry. For instance, Sapphire Ventures led a $50 million series c in Wandera, a firm focused on mobile security for businesses in healthcare, finance, technology, and professional services.
CrowdStrike, the provider of digital security that aided the D.N.C. in its response to what is believed to be interference by Russia, has raised $100 million in capital. The VC firm Accel, led the new round. Other participants include other existing investors like CapitalG, Warburg Pincus, March Capital Partners and Telstra.
Fund II, which invests in early-stage companies in cloud computing, artificial intelligence, cyber security, SaaS and digital media, closed with an additional investment from HarbourVest Partners. HarbourVest joins existing limited partners, including BDC Capital, Export Development Canada, Kensington Capital, Nicola Wealth Management and BC Tech Fund.
San Antonio—When people consider the potential downside of machine learning and artificial intelligence, it often leans toward the extreme: “The Terminator” or, perhaps, “The Matrix.”
Fresh off its $4.5 billion deal for Calsonic Kansei, a automobile component affiliate of Nissan Motor, private equity firm KKR & Co. L.P. (<a href="http://www.investopedia.com/markets/stocks/kkr/">KKR</a>) is back shopping for more deals. The firm will take a majority stake in Optiv Security, a provider of end-to-end cyber security solutions. Optiv is being acquired from a group of private investors, including a private equity fund managed by Blackstone Mortgage Trust, Inc. (<a href="http://www.investopedia.com/markets/stocks/bxmt/">BXMT</a>), which will maintain a <a href="http://www.investopedia.com/terms/m/minorityinterest.asp">minority interest</a> in Optiv along with Optiv management, the press release read.
Optiv Security, a market-leading provider of end-to-end cyber security solutions, and KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKR will acquire a majority stake in Optiv. The company is being acquired from a group of private investors, including a private equity fund managed by Blackstone (NYSE: BX), which will maintain a minority interest in Optiv along with Optiv management. Other selling shareholders include Investcorp and Sverica. Financial terms of the transaction are not being disclosed.