CrowdStrike Falcon, Gigamon Hawk, Awake’s NDR, & Acquisitions – ESW #219
This Week, In the Enterprise Security News:
Okta acquires Auth0, KnowBe4 Acquires MediaPRO, PayPal to acquire Curv, and Dropbox to acquire DocSend
Aqua Security raises $135M, Privacera Secures a Series B, YL Ventures sells its stake in Axonius, Snyk Secures a Series E, and McAfee sells its Enterprise business
AWS Announces New Lower Cost Storage, Radware's New Integrated Application Delivery & Protection, Bitdefender launches new Cloud-based EDR Solution, Awake's NDR platform, CrowdStrike Falcon enhancements improve SOC efficiency, Tufin releases Vulnerability-Based Change Automation App, Gigamon launches Hawk, Sonatype Releases New Nexus Firewall Policy to Secure Software Supply Chains, & more!
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Hosts
- 1. Address cybersecurity challenges before rolling out robotic process automation – TechCrunchRPA is a huge growing market and it has nothing to do with robotics. Imagine if Amazon's returns processes were 100% automated (they might be, I'm not sure). Now imagine someone modifies that process to give everyone double their money back. I'm not sure if that's a realistic scenario, but the prediction here is that we'll be seeing a lot of RPA-related breaches before folks get the security right.
- 2. ACQUISITION – Dropbox to acquire secure document sharing startup DocSend for $165M – TechCrunchLooks like an attempt for Dropbox to compete more closely with Box? And also to maybe convince some Accellion customers to come into the 21st century?
- 3. Stop Trying to Take Humans Out of SOC … Except … Wait… Wait… Wait…Whether the SOC is evidence of product failure or a necessary investment is a favorite rant of mine. And Anton is one of my favorite people to have the debate with :)
- 4. FUNDING – Privacera Secures $50 Million Series B – Advances Cloud-First Data Governance and Security Across Global Organizations"Single pane of glass for multi-cloud data security". That's a huge Series B though.
- 5. EXIT – YL Ventures sells its stake in cybersecurity unicorn Axonius for $270M – TechCrunchYL has been consistently killing it. The original VC idea was to bet on at least one massive startup win for every 10-20 failures or mediocre returns. Very much a gamble. YL, a totally cybersecurity-focused, early stage VC has mastered the art of solid and steady returns for nearly every one of their investments. $270m is HUGE though, considering this is just one of their portfolio companies from their third fund, which was only a $75m fund. And there are six more portfolio companies from that fund that haven't exited yet! I could definitely see Orca, Vulcan and Hunters bringing in respectable exits as well.
- 6. ACQUISITION – PayPal to acquire cryptocurrency security startup Curv – TechCrunchCurv is an interesting one. It's like a cryptocurrency wallet for organizations that manage large amounts of the stuff. They allow users to create policies around when crypto funds can be transferred, how and how much. Very niche and specific, but very much needed in a market where so much cryptocurrency has been stolen from both individuals and exchanges, it's a bit embarrassing.
- 7. MERGER – Okta + Auth0: Powering Identity for the Internet$6.5bn is a lot for a company that has nearly 100% product/feature overlap. Tyler says it's not a logo buy, but I think that might be part of it. The other part, I think, is that although there's a lot of overlap, Okta is strong where Auth0 is weak and vice versa. Still seems a lot like a T-Mobile + Sprint merger to me though.
- 1. FUNDING – Snyk Advances Developer-First Security with Series E Investment
- 2. ACQUISITION – KnowBe4 Buys Competitor MediaPRO
- 3. McAfee to Sell Enterprise Business to Equity Firm STG for $4B
- 4. YL Ventures sells its stake in cybersecurity unicorn Axonius for $270M – TechCrunch
- 5. Okta to Buy Rival Auth0
- 6. Okta acquires cloud identity startup Auth0 for $6.5B – TechCrunch
- 7. Aqua Security raises $135M at a $1B valuation for its cloud native security service – TechCrunch
