Paladin Capital Group Announces Acquisition of PhishMe by Private Equity Syndicate
Paladin Capital Group – a multi-stage investment firm focused on cybersecurity – announced the successful realization of its investment in PhishMe, the industry leader in human-enabled cyber defense solutions, to a syndicate of investors led by BlackRock and Pamplona Capital Management. With a deal valuing PhishMe at around $400 million, the exit represents the largest in the field of human-enabled cyber defense.
Karamba Security Closes $12M in Series B Financing to Address Increasing Demand for its Preventive Approach to Automotive Cybersecurity
Karamba Security, a provider of cybersecurity solutions for connected and autonomous vehicles, today announced $12 million in Series B funding, bringing total investment in the company to $17 million, 15 months after closing a seed round in March 2016. The funding was driven by investors’ excitement over customer engagements, resulting from Karamba’s unique automotive cyberprevention technology. The investment will be used to expand customer support, sales and R&D organizations so that it can meet the rapidly growing demand.
Paladin Capital Group Joins with European Investment Fund and Luxembourg Future Fund to Invest in EU Based Cyber Security Firms
Washington, D.C. and Luxembourg – April 5, 2017 – Paladin Capital Group is pleased to announce the initial closing of its European Cyber Fund based in Luxembourg, with commitments side-by-side from the European Investment Fund and Luxembourg Future Fund. The fund, which will invest in cyber security companies throughout Europe and the globe, is managed […]
White Ops Exposes Largest and Most Profitable Ad Fraud Bot Operation
White Ops, the leading provider of human verification services for the digital advertising market, announced today that its security researchers have exposed the most profitable and advanced ad fraud operation ever seen by the industry.
New Security Startup Expel Secures $7.5 Million Series A Financing
Expel, Inc., a new cyber security company founded by prominent industry veterans, announced it closed $7.5 million in Series A funding from experienced security investors. The financing was led by Paladin Capital Group, with participation from New Enterprise Associates, Battery Ventures, Greycroft Partners, Lightbank, and other strategic and individual investors. Expel is founded by senior executives previously at FireEye and Mandiant.
PhishMe Named to Inc. 5000 List of Fastest Growing Private Companies; Identified as a Top 10 Security Company
PhishMe® Inc., the leading provider of phishing threat management solutions that empower employees to be a layer of human security sensors against phishing, malware, and drive-by attacks, today announced that Inc. Magazine has named it one of the 2015 Top 5000 Fastest-Growing Private Companies in the U.S. PhishMe ranked in the 89th percentile of all companies evaluated. Among security companies, it ranked in the top 10 nationwide and No. 2 in the State of Virginia.
Racemi Announces $10 Million Series C Funding
Racemi, a provider of automated server migration software, has closed a $10 million Series C round of venture financing. The round included new investors, led by Milestone Venture Partners, along with existing investors Harbert Venture Partners, and Paladin Capital Group.
Paladin Capital Group Marks Another Successful Exit in Sale of Unitrends
Unitrends, the leading provider of all-in-one backup, archiving, instant recovery and disaster recovery solutions, today announced that it has received a major growth equity investment from Insight Venture Partners, a leading global private equity and venture capital firm. Financial terms of the transaction were not disclosed.