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        Rapid7, a cybersecurity company specializing in extended risk and threat detection, has expanded its Managed Extended Detection and Response (MXDR) service to include coverage for Microsoft security tools. The service integrates with existing Microsoft telemetry through Rapid7's Command Platform.
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        The enhanced MXDR service connects with Microsoft 365, Defender for Cloud, Defender for Endpoint, and Entra Identity Protection. It provides comprehensive threat visibility across organizations' digital ecosystems, enables rapid threat response through Rapid7's security operations center (SOC), and offers customizable protection coverage.
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        According to Rapid7, the integration eliminates blind spots and reduces detection and remediation times.
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    <a href="https://www.globenewswire.com/news-release/2024/11/18/2982827/0/en/Rapid7-s-Managed-Extended-Detection-and-Response-MXDR-adds-coverage-for-Microsoft-Security-Telemetry.html">
      Press release
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Next-gen Cybersecurity

INCUMBENTS_PRESENT

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 <p>Cybersecurity firm Rapid7 has broadened its Managed Extended Detection and Response (MXDR) service to include support for Microsoft's security tools. The enhanced service merges with Microsoft's existing telemetry via Rapid7's Command Platform.</p>
 <p>The augmented MXDR service collaborates with Microsoft 365, Defender for Cloud, Defender for Endpoint, and Entra Identity Protection. It provides a broad view of potential threats across an organization's digital assets, quick threat response courtesy of Rapid7's security operations center (SOC), and personalized protection offerings.</p>
 <p>Rapid7 claims that this collaboration can eliminate security blind spots and decrease the time it takes to detect and resolve issues.</p>

</div>

Rapid7 adds Microsoft security coverage to MXDR service

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 <p>Snyk, a security firm for applications and developers, has acquired Probely, a dynamic application security testing (DAST) provider based in Porto, Portugal. Probely specializes in API security testing and web applications. The financial details of the transaction were not disclosed.</p>
 <p>Probely offers discovery and scanning capabilities to identify applications or APIs and possible vulnerabilities. Additionally, the company operates Security Headers, a free tool that aids users in benchmarking the security of their web properties.</p>
 <p>The acquisition aims to solidify Snyk's defense-in-depth approach to applicaton security. This will be achieved by integrating Probely's capabilities into Snyk's developer security platform, enabling automatic detection of vulnerabilities throughout the software development lifecycle. The integration will particularly enhance API security testing, which is critical for AI-powered applications.</p>
 
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Snyk acquires Probely for undisclosed sum to enhance API security testing

ANALYST_QUICK_TAKE

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 <p>Cybersecurity firm Trustwave and endpoint detection and response company Cybereason have announced plans to merge, with SoftBank as the majority investor. The two companies will operate separately, but collaboratively offer their expertise in managed security services, offensive security, EDR, and XDR solutions.</p>
 <p>The merger's aim is to enhance capabilities in managed detection and response, offensive security, digital forensics, threat intelligence services, and incident response. The combined entity will have extensive presence across the Americas, UK, Australia, Middle East, Japan, and Continental Europe.</p>
 <p>The transaction is anticipated to be finalized by early 2025, pending the receipt of regulatory approvals.</p> 
</div> <p><b>Analyst QuickTake:<br>
</b> This merger between Trustwave and Cybereason comes a year after <a href="https:<br>
//sp-edge.com/updates/22396"> Trustwave's ownership transition </a> from SingTel to Chertoff Group in October 2023 for USD 205 million. The new merger agreement, with SoftBank as the majority investor, represents another significant ownership change for Trustwave within a year.</p>

Trustwave and Cybereason merge to create global cybersecurity platform

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<p>Upwind, a cloud-native application protection platform, has successfully garnered USD 100 million from a Series B funding round, which places the company's worth between USD 850 to 900 million post-investment. Investors that contributed to this round included Craft Ventures, Greylock, CyberStarts, Leaders Fund, Omri Casspi's Sheva Fund, and Steph Curry's Penny Jar.</p>

<p>The received funds will be channeled towards the expansion of the research and development efforts, along with staffing plans. The company estimates the addition of about 100 professionals across its existing locations in Israel, San Francisco, and Iceland.</p>

<p>Upwind has a significant presence in the global cybersecurity space, with several major Fortune 500 clients such as Booking.com and Yotpo enlisted to its platform. The platform has demonstrated significant effectiveness, reducing security alerts by 90%. Upwind's operations currently maintain a staff strength of 160, spread across locations in Tel Aviv, San Francisco, UK, and Iceland. </p>

<p>Founded in 2023, Upwind offers a robust platform of cybersecurity solutions that protect cloud-native applications. These solutions encompass runtime protection, API security, and cloud infrastructure security. A key differentiator for Upwind's platform is its innovative combination of runtime data and build-time insights, leveraging technologies like eBPF DaemonSets and Kubernetes audit logs to facilitate real-time threat detection.</p>

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Upwind raises USD 100 million in Series B funding for global expansion and R&D

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 <p>Permiso Security, a startup focused on identity threat detection and response, has announced the launch of three new open-source security tools. Named DetentionDodger, BucketShield, and CAPICHE Detection Framework, these tools are created to enhance the detection abilities for cloud-based security.</p>
 <p>DetentionDodger can assist in identifying risks tied to leaked credentials and also has the ability to scan CloudTrail logs. BucketShield can monitor AWS S3 buckets and corresponding CloudTrail log activities, providing the user with real-time tracking features. Lastly, CAPICHE Detection Framework enables the creation of cloud API detection rules.</p>
 <p>Permiso was established in 2022 and has since been specializing in identity threat detection and response applicable to various cloud environments. They offer a unified platform that merges Identity Security Posture Management (ISPM) with Identity Threat Detection and Response (ITDR). The platform has the capability to monitor and correlate user activities across several environments including AWS, Azure, Okta, and M365. The key goal of Permiso's platform is to assist organizations in spotting threats such as account takeover, credential compromise, and internal threats.</p>
 
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Permiso Security releases three open-source cloud security tools

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 <p>AI-native endpoint security provider, CrowdStrike, has announced its plans to acquire Adaptive Shield, a platform specializing in cloud network security. Although the exact value of the transaction has not been disclosed, it's known that the majority of the payment will be made in cash with a portion being covered in stock.</p>
 <p>The primary services offered by Adaptive Shield include security posture management and threat protection for over 150 SaaS applications. Not only does the company focus on averting SaaS breaches, but it also delivers monitoring services of GenAI applications to prevent data leakage issues. </p>
 <p>With this acquisition, CrowdStrike is set to become the only cybersecurity vendor offering unified protection against hybrid cloud environments. This will cover everything from on-premises Active Directory to cloud-based identity providers including SaaS applications, all accessible through a singular platform. </p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> CrowdStrike's acquisition of Adaptive Shield follows a series of strategic moves to enhance its Falcon platform's capabilities. In recent months, the company has pursued similar objectives through partnerships:<br>
 Collaborating with <a href="https:<br>
//sp-edge.com/updates/35273"> Omnissa </a> to strengthen desktop environment security, <a href="https:<br>
//sp-edge.com/updates/35158"> Fortinet </a> to integrate network firewall protection, and <a href="https:<br>
//sp-edge.com/updates/33764"> Dazz </a> to incorporate cloud remediation insights.</p>

CrowdStrike to acquire Adaptive Shield to unify cloud and identity security protection

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<p>NTT Data, an international IT services firm, has collaborated with cybersecurity organization Palo Alto Networks to introduce an AI-enhanced Managed Extended Detection Response (MXDR) Service.</p>
<p>This service merges the AI and automation functions of Palo Alto Networks' Cortex XSIAM platform with NTT Data's round-the-clock threat monitoring and incident response squad consisting of 7,500 cybersecurity experts. The goal of this comprehensive solution is to boost threat identification and response in sectors such as manufacturing and pharmaceuticals.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> This strategic partnership between NTT Data and Palo Alto Networks to deliver AI-powered MXDR services comes shortly after a similar <a href="https:<br>
//sp-edge.com/updates/35669"> alliance between Nedscaper and Responders </a> in Europe. Both partnerships share a common approach of combining managed security platforms with specialized response capabilities, demonstrating a growing trend in the cybersecurity industry where providers partner to offer 24/7 security monitoring and enhanced incident response capabilities through unified platforms.</p>

NTT Data partners with Palo Alto Networks to deliver AI-powered managed security service

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 <p>Amsterdam-based managed cybersecurity service provider, Nedscaper, has teamed up with incident response firm, Responders. This partnership combines Nedscaper's Managed XDR platform capabilities with Responders' incident response expertise, offering enhanced cybersecurity services.</p> 
 <p>Responders can effectively use Nedscaper's platform during emergencies for improved system visibility. Meanwhile, Nedscaper's clients gain from Responders' proficiency in incident response. The collaboration additionally presents a novel solution for insurance and claims-handling firms that require reliable incident response providers.</p> 
 <p>The collaboration aims to offer services across Europe and Africa, integrating Nedscaper's 24/7 protection services and Responders' specific incident response abilities. The partnership promises more comprehensive cybersecurity solutions and swift emergency responses during crises.</p>

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Nedscaper partners with Responders to combine managed security and incident response services

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 <p>Fortinet, a next-generation firewall company, has released FortiDLP, a solution for data loss prevention and managing insider risk. This solution, which is enhanced by AI, protects endpoint data and integrates with Fortinet Security Fabric. It can also be purchased as an independent product.</p>
 <p>FortiDLP boasts a variety of key features. These include AI shadow data protection, day-one data visibility with automated protection, user activity monitoring for insider risk protection, data protection for SaaS applications, and origin-based data protection for monitoring data movements. Additionally, it provides risk-informed user education and AI-driven guidance for analysing incidents.</p>
 <p>Fortinet asserts that FortiDLP gives organizations the ability to prevent data leaks, detect threats related to behaviour, educate employees on risk-informed decisions, and adhere to security policies. It effectively manages challenges traditional DLP solutions find difficult such as data silos, data dispersion in hybrid workforces, and threats from malicious insiders.</p>

</div> <p><b>Analyst QuickTake</b> :<br>
 FortiDLP is the direct result of <a href="https:<br>
//sp-edge.com/updates/32390"> Fortinet's acquisition of Next DLP </a> , now integrated and rebranded within the Fortinet Security Fabric. The solution maintains Next DLP's core data protection and insider risk capabilities while adding integration with Fortinet's broader security portfolio. This product launch reflects Fortinet's expansion in the enterprise DLP market, combining Next DLP's technology with Fortinet's established security infrastructure.</p>

Fortinet launches FortiDLP for data protection and insider risk management

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 <p>Cybersecurity company Armis has received a financial backing worth USD 200 million in Series D funding. The co-leaders for the round were General Catalyst and Alkeon Capital accompanied by existing investors Brookfield Growth and Georgian. The latest funding has catapulted the company's valuation to USD 4.2 billion.</p>
 <p>The funds are earmarked for support towards a five-year strategy that has a focus on developing a multi-generational cybersecurity company. Added objectives include increasing organic product innovation, enlarging the scope of global go-to-market programs, and opening up to inorganic growth opportunities.</p>
 <p>The company recently reported an increase of USD 200 million in annual recurring revenue (ARR), rising by an additional USD 100 million in not more than 18 months. Their ongoing clientele includes market leaders such as United Airlines, Colgate-Palmolive, Mondelez, and Reckitt wherein the future target is to prepare for an IPO.</p>
 
</div>

All Updates

Rapid7 adds Microsoft security coverage to MXDR service

Snyk acquires Probely for undisclosed sum to enhance API security testing

Trustwave and Cybereason merge to create global cybersecurity platform

Upwind raises USD 100 million in Series B funding for global expansion and R&D

Permiso Security releases three open-source cloud security tools

CrowdStrike to acquire Adaptive Shield to unify cloud and identity security protection

NTT Data partners with Palo Alto Networks to deliver AI-powered managed security service

Nedscaper partners with Responders to combine managed security and incident response services

Fortinet launches FortiDLP for data protection and insider risk management

Armis raises USD 200 million in Series D funding from General Catalyst and Alkeon Capital

Next-gen Cybersecurity

Rapid7 adds Microsoft security coverage to MXDR service

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