Market Insights

X marks the spot with new funding for Threat X, TrustX: Friday Deal Book for 04/06/2018

April 6, 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 April 6, 2018.

Threat X gets $8.2 million for real-time threat detection

The Series A round was led by Grotech Ventures and Access Venture Partners. Threat X creates SaaS-based web application firewalls to identify and neutralize threats. The software identifies bad actors and distinguishes them from legitimate users on a website. Threat X said the funding will be used to fuel continued growth and support rapid adoption of is kill-chain-based threat detection and neutralization solution and managed security service. [Read more]

‘Trusted advertising’ provider TrustX secures $2.2M in funding

Investors include CBSi, ESPN, Meredith, Fox News, and NBC Universal. The funding will accelerate growth of TrustX’s marketplace, which was created to establish a sustainable future for trusted advertising. To date, 35 premium publisher have signed on to TrustX as members, with 22 publishers and hundreds of advertisers now live and trading. Major media outlet members include The Washington Post, Vox Mdia, WebMD, and Business Insider. [Read more]

IBM joins Sovrin Foundation

The partnership makes Big Blue a founding steward of the organization, which will see IBM collaborate with other stewards to create, operate and maintain the foundation’s decentralized digital identity network. The Sovrin Foundation serves as a global public utility to provide permanent, private and trustworthy identity for every entity on the planet. IBM has pledged to dedicate hardware, security and network capacity to assist in operation. [Read more]

Meituan buys bike sharing company Mobike

China’s Meituan allows consumers to buy locally found products and services, and boasts 320 million active users who frequently seek out transportation services. Under the deal, Mobike will continue to operate as its own brand, with support from Meituan. The acquisition is intended to add new customers to Meituan and boost the efficiency of last-mile commutes. The bike sharing service served more than 2.2 million passengers in just its first week in Shanghai. [Read more]