Market Insights

CrowdStrike raises $100M, Nuance launches biometric suite: Friday Deal Book for 5/19/2017

May 19, 2017

One World Identity’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements in the identity industry. Here’s a quick peek at what you need to know for the week ending May 19, 2017.

CrowdStrike closes $100 million Series D, reaches unicorn status
The round was led by existing investor Accel, along with investments from CapitalG (formerly Google Capital), Warburg Pincus, March Capital Partners and Telstra, a CrowdStrike customer. Following the closing of this round, CrowdStrike’s total funding raised is $256 million with a valuation of over $1 billion dollars. The company has seen explosive growth on the back of widely reported cybersecurity attacks, reporting 476 percent year over year growth for its endpoint protection platform subscriptions. [Read more]

Nuance Communications launches new biometric based security suite
Nuance Communications launched the Nuance Security Suite, extending its biometric capabilities to facial and behavioral biometrics. Nuance has historically provided voice biometrics, especially for call center implementations. The tools are primarily geared at reducing fraud and extend to other modalities such as web and mobile. [Read more]

Coupa acquires data aggregator Riskopy
California based Coupa has acquired Riskopy, a data aggregator. Riskopy combines conventional and alternative data sources on over 100 million businesses across US, UK and EU. The acquisition will help Coupa aggregate 3rd party supplier risk data into a profile score. Coupa provides enterprise tools for spend-management including travel and expense management, procurement, invoicing, and related source-to-settle areas. The terms of the deal were not disclosed. [Read more]

Open Banking and OpenID Foundation announce collaboration
The Open Banking Implementation Entity, the organization responsible for the open API banking standard, announced its collaboration with the OpenID Foundation’s Financial API Working Group. Open Banking was set up by the UK’s Competition and Markets Authority in 2016 to enable innovation, transparency and competition in UK financial services. The two organizations will work together on a public specification. [Read more]

Restaurant review site Zomato suffers data breach exposing 17 million records
Leaked data included user IDs, names, usernames, email addresses, and password hashes. Credit card data was not affected. The data was offered for sale on the dark web for just $1,000. However, Zomato reported on its blog that the hacker offered to remove the data if Zomato launched a bug bounty program. [Read more]

Mobile security provider Wandera raises $27.5 million
The Series C round was led by Sapphire Ventures with participation from existing investors Bessemer Venture Partners and 83North; the company has raised a total of $50 million. Wandera plans to use the new funding to invest in research and development and data science operations in London and Israel. Mobile security continues to be a fastly growing market as enterprises continue to adopt “bring your own device” policies, while the rate of both external and internal threats does not appear to be slowing. [Read more]