Cybersixgill Acquired by Bitsight: A Milestone in Cybersecurity Threat Intelligence

Deal News | Nov 18, 2024 | Bright Pixel

Cybersixgill Acquired by Bitsight: A Milestone in Cybersecurity Threat Intelligence

Bitsight, a prominent global leader in cyber risk management, has acquired Cybersixgill, an Israeli startup specializing in cyber threat intelligence (CTI). Cybersixgill, founded in 2014, has gained recognition for its advanced capabilities in processing and alerting on emerging cyber threats, covering Tactics, Techniques and Procedures (TTPs) and Indicators of Compromise (IOCs) appearing on the clear, deep, and dark web. The startup had been part of Bright Pixel's portfolio since 2020, seeing substantial investment from the PE firm. This acquisition marks a significant leap forward for Bitsight's product offerings, integrating Cybersixgill's data capabilities to provide enhanced threat insights to security leaders. The collaboration aims to innovate cyber risk management, facilitating better protection for organizations against sophisticated digital threats. The synergy between Bitsight's asset mapping capabilities and Cybersixgill's real-time threat data promises a comprehensive solution to managing and mitigating risks. This move underscores Bitsight's commitment to delivering advanced cybersecurity solutions by leveraging Cybersixgill's cutting-edge intelligence technology, ultimately empowering organizations to stay ahead of emerging threats.

Sectors

  • Cybersecurity
  • Private Equity
  • Technology

Geography

  • Israel – Cybersixgill is an Israeli company, originally founded and based in Israel, specializing in cyber threat intelligence.
  • Global – Bitsight operates on a global scale, providing cyber risk management solutions worldwide.

Industry

  • Cybersecurity – Both Cybersixgill and Bitsight operate within the cybersecurity industry, focusing on cyber threat intelligence and cyber risk management, respectively.
  • Private Equity – Bright Pixel, a private equity firm, was a significant investor in Cybersixgill prior to its acquisition, highlighting the role of private equity in tech investments.
  • Technology – Involves technologies related to data processing, automation, and AI, as used by Cybersixgill to enhance cyber threat intelligence.

Financials

  • $15 million – The investment amount co-led by Bright Pixel in Cybersixgill during 2020, which helped support the company's growth until its acquisition.

Participants

NameRoleTypeDescription
BitsightAcquiring CompanyCompanyA global leader in cyber risk management, transforming how organizations manage exposure, performance, and risk.
CybersixgillTarget CompanyCompanyAn Israeli startup specializing in cyber threat intelligence, processing data from clear, deep, and dark web sources.
Bright PixelPrivate Equity FirmCompanyThe technology investment arm of Sonae Group, with a focus on cybersecurity and other tech sectors, investor in Cybersixgill.
Eduardo PiedadeManaging Partner at Bright PixelPersonInvolved in managing Bright Pixel’s investments and expressing pride in Cybersixgill’s growth and acquisition by Bitsight.
Steve HarveyCEO of BitsightPersonCEO providing insight into the strategic vision behind Cybersixgill’s acquisition to enhance Bitsight’s product offerings.
Sharon WagnerCEO of CybersixgillPersonCEO reaffirming the benefits of merging Cybersixgill with Bitsight to expand and innovate cyber defense solutions.