AnchorFree acquires $295M, Relayr reeled in for $300M, and Sonatype snags $80M – Friday Deal Book for 09/07/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. Here’s a quick peek at what you need to know for the week ending September 7th, 2018.

AnchorFree acquires $295M

This past Wednesday, AnchorFree announced it had raised $295M in additional capital, bringing their total funding to $358M. AnchorFree is well-known for its popular VPN app, Hotspot Shield, and this latest influx in cash suggests that VPNs are experiencing more traction and becoming a popular option for consumers interested in data privacy. In fact, over this past summer it was the top-grossing app under its category in the Apple App Store. [Read more]

Relayr reeled in for $300M

The major insurance group, Munich Re, announced this week that it has acquired the Berlin based IDoT company Relayr, who are positioned as a middleware platform that can help industrial manufacturers use data driven insights to bring efficiencies in their operations. There is a great deal of applicability of IDoT technologies for insurance groups who are looking to more closely monitor equipment performance, better calibrate depreciation models, and even predict costly blunders. [Read more]

Mobile-banking provider Monese manages $60M in Series B

Financial Inclusion player, Monese announced $60M in Series B funding lead by Kinnevik, with PayPal, Augmentum Fintech, and International Airlines getting in on the party. The U.K. based startup hopes to use the newly acquired funds to continue building out its mobile-first banking current account and accompanying debit card for “thin-file” residents within the U.K. The fintech is hoping to make it easier for displaced people to benefit from the traditional financial system, while remaining in compliance with relevant KYC laws. [Read more]

Sonatype snags $80M

The cybersecurity startup raised $80M in its latest round of funding led by investment firm TPG. Sonatype argues its technology can reduce the risk of another major data breach, such as the notorious Equifax breach of 2017. “We monitor literally millions of open source commits per day,” said Wayne Jackson, the company’s CEO, “Last year hundreds of billions of components were downloaded by software developers, 12 percent of which had known security defects.” [Read more]

Uberall unlocks $25M in Series B finding and acquires competitor Navads

Big week for the location-based marketing company Uberall. The Berlin based martech firm announced $25M in their second Series B round, in addition to acquiring Navads, one of their main competitors in the space. The exact details of the deal went undisclosed, but Uberall hopes this new acquisition increases their global presence and strengthen their position in the U.S. market where Navads had been experiencing tremendous growth, “In partnering with them, we manifest our position as a global leader for local marketing and emphasize our presence in the U.S., where Navads has seen considerable growth,” said Florain Huebner, co-CEO of Uberall. [Read more]

Myki makes $4m in Series A

As one of the more exciting deals coming out of Disrupt SF in the identity space was Myki raising $4M in Series A funding to scale its decentralized IAM solution for enterprises. The round was driven by VC BECO Capital, LEAP ventures, and B&Y Venture Partners. With the new funds they hope to expand U.S. operations, with Priscilla Elora Sharuk, their cofounder commenting, “Online security and data privacy is not a privilege, it is a right, and that is why at Myki we empower our users with the tools to securely manage their digital identity.” [Read more]