Stockholm-founded cloud-based cybersecurity startup Baffin Bay Networks has announced its expansion to the US by acquiring Loryka, which focuses on botnet and IoT research. The acquisition follows a $6.4 million funding round Baffin Bay raised in June 2018.
Launched in 2013 as a research project, Loryka has grown into a research data platform and a specialist in early attack detection.
Loryka is set to become the first US-based affiliate of Baffin Bay. The Swedish startup plans to have its new Threat Research centre in Portland, Oregon with additional operations in Virginia, Maryland and Tulsa, Oklahoma. Zac Lindsey, founder of Tulsa law firm LINDSEYfirm, will lead Baffin Bay's US operation.