Leeds-based Cocoon raised £2.46 million on Crowdcube for its smart home security device

UK-based smart home security startup Cocoon has closed a round on Crowdcube, raises £2.46 million in funding from almost 1,100 investors. The company launched the equity crowdfunding initiative last month, with a goal of £2 million. Cocoon had previously raised a round of $253,000 from Indiegogo for its home security system in 2014, and in 2015 the company raised £2.4 million from Aviva Ventures and Breed Reply.

Israeli security firm Dyadic Security raises $12 million in Series B

Israeli security company Dyadic Security has announced a Series B round of $12 million from Goldman Sachs Principal Strategic Investments, Citi Ventures, and Innovation Endeavors. Innovation Endeavors’ Yuval Shachar has joined Dyadic’s board of directors as chairman. Dyadic provides software-defined cryptography (SDC) and key management solutions for the enterprise. “Dyadic has changed the game for […]

Cybersecurity firms WISeKey and OpenLimit announce merger plans

Swiss cybersecurity companies WISeKey and OpenLimit are to merge in a bid to take on the German and wider EU market. The two sides announced they had signed a memorandum of understanding today. As part of the merger, OpenLimit will be absorbed into WISeKey with the latter’s name remaining. The company will also provide interim […]