Content by Michael Novinson

Armis Buys Cyber Remediation Startup Silk Security for $150M

Michael Novinson  •  April 17, 2024

San Francisco-based asset intelligence vendor Armis plans to embed AI and automation into the incident prioritization and remediation process through the $150 million acquisition of early-stage startup Silk Security to minimize manual intervention and maximize efficiency.

Commvault Buys Appranix to Make Ransomware Recovery Quicker

Michael Novinson  •  April 16, 2024

Commvault purchased a cyber resilience vendor led by a longtime Hewlett-Packard manager to help enterprises get up and running faster after an outage or cyberattack. With Appranix, Commvault can reduce the time needed to rebuild after a ransomware attack from days or weeks to just hours or minutes.

PE Firm Accuses Synopsys of Breaching Exclusivity Agreement

Michael Novinson  •  April 12, 2024

A California private equity firm sued Synopsys and accused the systems design behemoth of breaching an exclusivity agreement by shopping its $525 million software integrity business. Sunstone Partners Management said it signed a letter of intent to acquire Synopsys' security testing services unit.

Zscaler Buys Airgap Networks to Fuel Segmentation in IoT, OT

Michael Novinson  •  April 11, 2024

Zscaler purchased an agentless segmentation startup founded by longtime Juniper Networks executives to dynamically control access to critical infrastructure based on identity and context. Acquiring Airgap Networks will prevent sophisticated threats from moving laterally within IoT or OT devices.

Wiz Buys Startup Gem Security for $350M to Spot Cloud Issues

Michael Novinson  •  April 10, 2024

Wiz bought a cloud detection and response startup founded by a longtime Israeli Military Intelligence leader to address security operations and incident response use cases. The deal will bring Wiz's chops in securing infrastructure and cloud environments together with Gem's expertise inside the SOC.

Cyera Gets $300M at $1.4B Valuation to Fuel Safe AI Adoption

Michael Novinson  •  April 9, 2024

Cyera completed a $300 million funding round led by Coatue to fortify data security and facilitate safer AI adoption across enterprises. By consolidating data protection measures, Cyera hopes to address the critical need for a unified data security platform in the era of generative AI.

Why Claroty Is Considering Going Public at a $3.5B Valuation

Michael Novinson  •  April 9, 2024

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.

What Cisco's Purchase of Splunk Means for Cybersecurity, AI

Michael Novinson  •  April 9, 2024

Executive Vice President and General Manager Jeetu Patel explains how Cisco's $28 billion acquisition of Splunk will transform the company's security practice to bring in advanced AI, improve data analysis and streamline operations for a stronger defense against cyberthreats.

Cloudflare Enters Observability Space With Baselime Purchase

Michael Novinson  •  April 5, 2024

Cloudflare purchased an observability startup founded by an aerospace dynamics expert to enhance the developer experience on serverless platforms. Baselime will allow developers to optimize performance, investigate bugs and regressions, and identify when a release needs to be rolled back.

Microsoft, Okta, CyberArk Lead Workforce Identity Rankings

Michael Novinson  •  April 4, 2024

Microsoft, Okta and CyberArk remained atop Forrester's workforce identity rankings, while OneLogin tumbled from the leaders' spot. The shift toward digital platforms and growing adoption of cloud services have been pivotal in driving the evolution of workforce identity platforms.

Veracode Promotes Brian Roche to CEO, Buys Longbow Security

Michael Novinson  •  April 3, 2024

Veracode tapped product leader Brian Roche as its next CEO and tasked him with helping secure the adoption of large language models and open-source software. The Boston-area application risk management vendor appointed Roche chief executive just two days after purchasing startup Longbow Security.

Rubrik IPO Filing Reveals Sales Acceleration, Growing Losses

Michael Novinson  •  April 2, 2024

Rubrik became the first security company to pursue an initial public offering since 2021, revealing increased sales, mounting losses and a heavy reliance on three channel partners. Rubrik said 76% of its $627.9 million in sales for the fiscal year ended Jan. 31 flowed through three channel partners.

Netskope CEO on What Platformization Means for Cybersecurity

Michael Novinson  •  April 1, 2024

In a deep dive into the cybersecurity's industry's shift toward platformization, Netskope CEO Sanjay Beri explores the nuances of integrating multiple security services, the importance of truly integrated platforms and the future of cybersecurity architecture.

From Despair to Disruption: Zafran Takes on Cyber Mitigation

Michael Novinson  •  March 28, 2024

Faced with relentless cyberattacks and the shortcomings of existing defenses, Sanaz Yashar embarked on a journey to create a security risk and mitigation platform, transforming frustration into startup Zafran, which emerged from stealth Thursday with more than $30 million in funding.

Securing SMBs Globally: Coro Raises $100M to Go Into Europe

Michael Novinson  •  March 28, 2024

Coro completed a $100 million Series D round to expand its global footprint and enhance its channel program. The funding aims to address the needs of Europe's expansive midmarket business community through Coro's all-in-one modular cybersecurity platform.