FireEye, the ML-based cybersecurity data sorting automation platform, bought Respond Software for $186M. The deal for Respond, a cybersecurity incident investigation platform for low-skilled users, will be transacted with a mixture of cash and stock.
- FireEye also secured a $400M investment from Blackstone Tactical Opportunities fund and ClearSky. The investment was purchased at $1000 per 4.5% Series A Convertible Preferred Stock, which can be converted to $18. FireEye’s stock closed yesterday well beneath that at $14.24, even after seeing a bump on the news hitting.
- Respond was founded in 2016 and has raised $32M to date. That includes a $12M Series A led by CRV and Foundation Capital and a $20M Series B led by ClearSky.
- Relatedly: Cybersecurity companies are being gobbled up like hotcakes. Just over a week ago, Palo Alto Networks acquired attack surface protection platform Expanse for $800M.
- From Twitter: CRV marketing operative Krista McNish noted that the early-stage venture firm has now seen four acquisitions this year from its portfolio companies.