Money movements: March 2021 – SDxCentral

Money movements: March 2021 – SDxCentral

About a year ago, STG bought security vendor RSA from Dell Technologies for a little over $2 billion. McAfee said it will sell its enterprise security business to Symphony Technology Group (STG) in an all-cash deal for $4 billion.

The sale came less than six months after McAfee went public on the Nasdaq. And in a surprise move, and after spending the last several years transitioning from a consumer antivirus business to an enterprise security powerhouse, McAfee now plans to pivot to a pure-play consumer cybersecurity company. Mesh7 provides cloud-native application security and observability software that detects and mitigates threats. It collects and correlates contextual data from APIs, host processes, user identities, public cloud data-event logs, and threat intelligence, and then continually monitors applications for any API vulnerabilities and behavioral changes that could indicate a breach.

VMware acquired API security startup Mesh7. The deal bolsters VMware’s growing security portfolio and also reflects the increasing importance of securing microservices and cloud-native applications. VMware and Mesh7 did not disclose the transaction details. This combination of VMware and Mesh7 will appeal to developers and security teams, Tom Gillis, SVP and GM of VMware’s Networking and Security Business Unit, noted in a blog about the Mesh7 acquisition. It will give both teams “a better understanding of when, where and how applications and microservices are communicating via APIs, even across multi-cloud environments, enabling better DevSecOps,” he wrote.

VMware Buys Mesh7, Joins Cloud-Native App Security Feeding Frenzy The move mirrors similar transactions by McAfee competitors Synamtec and Sophos. In August 2019, Broadcom paid $10.7 billion to acquire Symantec’s enterprise security business and its name. Just five months later, Broadcom sold a piece of it — Symantec’s Cyber Security Services unit — to Accenture for an undisclosed amount. And in October 2019, private equity firm Thoma Bravo bought Sophos for $3.9 billion.

Orca Security closed a $210 million Series C funding on a $1.2 billion valuation that pushed the cloud security startup from seed to cybersecurity unicorn in two years. The company has spent the last two years building and selling a comprehensive cloud security platform “that actually works,” and it plans to use the new investment to scale the company and win customers from Palo Alto Networks. Orca Security Banks $210M to Battle Palo Alto Networks

Wiz, a cloud-security startup founded by the team that built Microsoft Azure’s cloud security stack, closed a $130 million funding round. The Series B round, announced a little over a year since the company’s launch and its $100 million Series A, pushed Wiz’s valuation to $1.7 billion. Movers and Shakers Alphabet’s independent growth fund, CapitalG, and Redpoint Ventures led the round and brings Orca Security’s total raised to almost $300 million. It also follows a successful 2020 during which the startup saw more than 1,000% year-over-year growth. CEO Avi Shua has boasted about Orca’s “dozens” of companies that talk publicly about using Orca’s platform, which is unusual for a 2-year-old security startup, and many of these used to be “Palo Alto logos that moved on to become Orca logos,” he said.

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