LookingGlass Cyber Solutions announced that it has acquired Cyveillance, a leader in open-source threat intellingence (OSINT), along with a $50M round of financing from NewSpring Capital. Cyveillance offers a cloud-based platform that identifies risks and threats by combining web searches, social media monitoring, underground channel information, and global intelligence with tools and databases of threat actors, domain names, and IP data, phishing activity and malware. While LookingGlass serves commercial and government clients, Cyveillance appears to be more commercially-focused with clients in the energy, entertainment & media, financial services, hospitality & travel, insurance, manufacturing, pharmaceutical & healthcare, retail, and technology industries.
According to the press release: "This strategic acquisition solidifies LookingGlass’ ability to deliver the most advanced and comprehensive threat intelligence driven solutions from a single company, enabling security teams to have the best ability to find and mitigate threats using threat, Internet and customized intelligence"
In addition to the acquisition, LookingGlass will be using the recent capital raise for product development and integration, international expansion, sales & marketing, and customer support. Coupled with the company's $20M Series B funding earlier this year, LookingGlass has had a busy year raising $70M and completing three acquisitions including CloudShield and Kleissner & Associates.
ARC Securities advised LookingGlass on the acquisition and capital raise. Deal terms were not disclosed.
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