Cybersecurity

10 cybersecurity companies to take action: March 2024

We introduce security vendors that announced acquisitions, executive changes, funding rounds, or released notable new products in March.


We highlight security vendors that have recently announced acquisitions, executive changes, announced funding rounds, or launched notable new products.

Below are details on 10 cybersecurity companies announcing big moves in March 2024.

Cisco

Cisco Systems completes its $28 billion acquisition of Splunk to combine the companies’ cybersecurity and observability strengths and build what company executives describe as a distinctive AI-powered data platform .

Cisco CEO Chuck Robbins told CRN that with the addition of Splunk, “We have just improved our position in the security world, so we are the right company for customers who want to run a secure platform-based networking infrastructure.” You’ll get answers.”

“If you ask a customer, ‘Would you prefer security or an AI-driven dashboard?’ they will choose security all day long. I think that’s the differentiation that we have,” Robbins said. said.

AWS

Gee Rittenhouse has stepped down as CEO of SkyHigh Security to head Amazon Web Services’ enterprise security business.

Rittenhouse, who previously served as a longtime security executive at Cisco, said in a LinkedIn post that he is looking forward to “solving our customers’ toughest security challenges” with AWS.

sky high security

Following Rittenhouse’s departure, SkyHigh Security hired former Snow Software CEO Vishal Rao as its new chief executive officer.

Rao brings more than 20 years of experience in cloud and SaaS companies, including executive positions at Cloudera and Splunk, before becoming CEO of Snow Software in 2019.

sentinel one

Brian Lanigan, a veteran of channel-focused roles at companies like Racework and Splunk, has joined SentinelOne as senior vice president of global partner ecosystem.

Mr. Lanigan most recently served as Vice President of Worldwide Channels and Alliances at Lacework, a role he assumed in March 2022. Prior to that, he spent nearly nine years at Splunk, including as a systems integrator and group vice president of the MSP business.

Z scaler

Zscaler announced the acquisition of Avalor, a startup that provides a “security-centric data fabric” that will be integrated into the company’s Zero Trust Exchange platform.

Avalor offers “150 pre-built integrations that enable customers to proactively identify and predict critical vulnerabilities and improve operational efficiency,” Zscaler said in a news release.

Terms of the deal were not disclosed, but previous reports suggested Avalor’s acquisition price would be between $250 million and $350 million.

cloud strike

CrowdStrike announced that it will acquire Flow Security, an Israel-based data security posture management (DSPM) startup founded in 2021. Terms of the acquisition were not disclosed.

CrowdStrike co-founder and CEO George Kurtz said during his quarterly conference call with analysts that Flow Security stands out as the “industry’s first and only cloud data runtime security solution.” said.

Axonius

Axonius announced that it will raise $200 million in an extension to its Series E funding round as it looks to further invest in startup acquisitions and collaborations with channel partners, said co-founder and CEO ( CEO Dean Sisman told CRN.

The cybersecurity asset management vendor raised funding at $2.6 billion, the same valuation as its previous round, Sisman said. It was led by Accel and Lightspeed Venture Partners.

Claroti

Cyber-physical systems protection vendor Claroty announced that it has raised $100 million in growth funding from a number of investors.

In addition to continuing to support its research and development efforts, the funding will allow the company to “double down” on partnerships and expand operations in “key sectors, including the public sector and highly regulated critical infrastructure industries.” , the vendor said in a news release.

Nozomi Networks

Nozomi Networks announced it has secured $100 million in Series E funding with plans to expand its product development and go-to-market efforts.

Nozomi, an operational technology and connected device security vendor, received funding from Mitsubishi Electric and Schneider Electric as part of the round.

Coro

Coro plans to invest significantly in its channel programs in conjunction with a newly announced $100 million Series D funding round led by One Peak.

The provider of an “all-in-one” security platform for SMB and mid-market customers plans to launch a revamped partner program with numerous upgrades for solution and service providers in the coming months, according to Dror Liwer, co-founder and CMO of We plan to make an announcement within the next month. Coro.


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