Notable deals this week reflect a growing trend of acquisition by tech incumbents to further consolidate market share and strengthen their ability to tackle digital
No Mist Opportunities for the Cloud: Friday Dealbook
This week’s deals reflect investor appetite for sectors with the highest potential to be disrupted by digitized business processes. Entrust Datacard’s acquisition of HyTrust highlights the week and embodies the trend, reflecting the former’s bet on investing in cloud infrastructure security – especially given the growth of unprotected applications, built on the cloud, over the past few years. K Health’s $132 million Series E funding round and Sis-ID’s $6.1 million Series A round also suggest that this hypothesis will hold for both telemedicine and the financial services space respectively, as they respond to growing needs for digital identity solutions.
Top Deals This Week
Developer of a cloud security software designed to automate compliance and enforce security-based policies across private and public clouds. The company's solution is a single-point-of-control for virtual infrastructure access, policy management, and security configuration, providing an appliance for bridging the traffic between corporate and management virtual local area networks of the hypervisor and authenticates, authorizes, monitors, and logs various communication bounds for the management port of the hypervisor, enabling enterprises to ensure their data is protected.
The company was acquired by Entrust Datacard for an undisclosed amount on January 14, 2021. The acquisition has helped the acquirer to add a critical management layer for encryption, cryptographic keys and cloud security policy to its digital security solutions, serving the data protection and compliance needs of organizations accelerating their digital transformations.
Provider of a digital primary care service intended to connect the world's health data to give people remote treatment whenever they need it. The company's platform allows users to understand how doctors diagnose and treat similar people with similar symptoms and conditions for free, chat with a doctor for less than a copay, and retain a history of their own medical records, providing users with a data-driven platform with clinical data insights to seek answers or treatment without hesitation.
The company raised $132 million of Series E venture funding in a deal led by Valor Equity Partners and GGV Capital on January 19, 2021, putting the company's pre-money valuation at $1.37 billion. Kaiser Permanente Ventures, Primary Venture Partners, Max Ventures, BoxGroup, 14W, Marcy Venture Partners, Pico Partners and LTS Investments also participated in the round. The funds will help the company expand and help pay for upgrades, including integration with most electronic health records.
Developer of a collaborative platform designed to collectively address the risk of bank transfer fraud. The company's platform uses artificial intelligence and blockchain-based technologies to pool the payment histories of its customers and lists all the fraud attempts suffered, enabling users to speed up the verification steps of third parties with complete confidence.
The company raised EUR 5 million ($6.1 million) of Series A venture funding from Opera Tech Ventures, Aonia Ventures and Bpifrance on January 20, 2021. The funding will enable the company to strengthen its positioning in France and accelerate its international development, with initial deployment in the United Kingdom and Spain.
Founded in 2015, Pico Partners is a venture capital investment firm and is headquartered in Jerusalem, Israel. The firm has additional offices in Tel Aviv, Israel and New York, New York. Pico focuses on early-stage companies that are developing technology-enabled services to redefine existing business processes, industries, consumer services and experiences.
Active Portfolio - 20
Investments (TTM) - 6
Med. Round Amount - $4.00M
Med. Valuation - $58.16M
# of Exits - 5
In the wake of the vastly increased demand for remote / contactless services and identity rails in 2020, businesses have scrambled to future-proof their systems
This week’s deals reflect the enterprise need for translating their data assets into actionable insights, particularly to further company security, bolster user privacy, and analyze
This week’s deals reflect sustained investor appetite to bring big data to common business processes and digitize them. Databricks’ $1 billion of Series G funding
This week’s deals reflect investor appetite for cybersecurity solutions across different industries, particularly in light of the pandemic. Swimlane’s splashy $40 million of funding highlights
This week’s deals reflect investor appetite for sectors with the highest potential to be disrupted by digitized business processes. Entrust Datacard’s acquisition of HyTrust highlights