Battery Ventures pays $29 million for a majority stake in Belgium’s Guardsquare

Leuven-headquartered mobile app security startup Guardsquare has secured $29 million in a funding round from Battery Ventures, which purchased a majority stake in the company, De Tijd reports. This is Guardsquare’s first round of institutional financing since the startup’s launch in 2014. Guardsquare’s security products — DexGuard for Android apps and iXGuard for iOS — are […]

The UK-based startup Snyk raises $22 million to automatically protect open-source software from vulnerabilities

London-headquartered startup Snyk has raised a $22 million Series B round of funding led by Accel, with participation from GV and existing investors Boldstart Ventures, Heavybit, and others. The startup claims to have reached a fivefold revenue growth over the past nine months with over 200 paying customers, including ASOS, Digital Ocean, and Skyscanner. The […]

Druva acquires Irish CloudRanger to strengthen data protection and management

Irish startup CloudRanger, which provides backup and disaster recovery solutions for AWS, has been acquired by American cloud data protection and management company Druva. CloudRanger produces cloud server management software for businesses, with an easy-to-use interface that offers users scheduling and backup policies to save time and money. The company has more than 300 customers […]

Snyk raises $7 million to secure open source libraries

Snyk, a security solution for open source software, has raised $7 million in Series A funding led by Boldstart Ventures and Canaan Partners with participation from Heavybit, FundFire, and Peter McKay, CEO of Swiss IT firm Veeam. UK-based Snyk builds security solutions that secure open source libraries used by developers. It currently supports 20 languages […]

Israeli security firm Perception Point raises $8 million in Series A funding

Tel Aviv-based cybersecurity startup Perception Point has announced a Series A round of $8 million led by Pitango Venture Capital with participation from State of Mind Ventures and Korea Investment Partners. The company has developed a cloud-based cyber intelligence solution that detects threats at the CPU level before they are exploited. “As more and more […]

Hungarian cybersecurity company Balabit acquired by One Identity

Balabit, the Hungarian cybersecurity firm, has been acquired by US company One Identity. No terms have been disclosed. Balabit was founded in 2000 in Budapest and had raised $8 million from investors including London VC C5 Capital. This is One Identity’s first acquisition, which it said in a statement is intended to bolster its portfolio. […]