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Cybersecurity Firm Bit9 Raises $38.25M, Acquires Competitor Carbon Black

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Cybersecurity provider Bit9 announced that it has raised $38.25 million and also acquired network monitoring competitor Carbon Black this week.

Details of Bit9’s Series E funding round were not released. Its previous funding round raised $34.5 million in 2012 from investors including Sequoia Capital and Atlas Ventures.

Carbon Black’s product is a sensor which provides endpoint visibility and comprehensive enterprise network monitoring. It was a finalist for the 2014 “Best Emerging Technology” award from SC magazine.

Bit9 protects end servers from advanced persistent threats through monitoring and whitelisting, and boasts “unparalleled prevention power.”

While the Carbon Black brand will continue, according to Venture Beat, the Bit9 blog emphasizes the combined effect of the companies’ security offerings.

The blog post, which is attributed to company CEOs Patrick Morley and Mike Viscuso, calls the transaction a merger, and refers to Carbon Black’s big-data architecture, visibility, and integrated detection capabilities as company strengths. Carbon Black also allows incident responses to be conducted in seconds.

“This merger means Bit9 and Carbon Black customers soon will have a single solution that empowers them with the three most critical elements of endpoint and server security: prevention, detection AND response,” according to the blog post. “With this merger, we’re carving out a leadership position in the Endpoint Threat Detection and Response (ETDR) space by introducing ETDR+P, where the P equals ‘prevention.’”

Increases in cybercrime and advanced persistent threats continue to be reported, amid a round of mergers and acquisitions shaking up the cybersecurity domain. Already this year Palo Alto acquired Morta Security and FireEye acquired Mandiant in a billion dollar deal.

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