Invictus Growth Partners Leads $36M Growth Investment in Binary Defense
November 2, 2022
Invictus Growth Partners led a $36 million growth equity investment in Binary Defense Systems to accelerate the company's go-to-market, expand machine learning capabilities, and build a Managed Open XDR offering. Binary Defense, a Cleveland-area managed detection and response provider founded by David Kennedy and Mike Valentine, will use the capital to scale sales and marketing, broaden partnerships, and enhance its technology-enabled security services.
- Buyers
- Invictus Growth Partners
- Targets
- Binary Defense Systems, Inc.
- Industry
- Cybersecurity
- Location
- Ohio, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Invictus Growth Partners Invests $20M in Axiad Holdings
January 25, 2021
Cybersecurity
Axiad Holdings, a cloud-based passwordless authentication platform, raised $20 million in growth capital from Invictus Growth Partners to accelerate sales, marketing and product development. Invictus partners John DeLoche and William Nettles joined Axiad's board as part of the investment.
-
Invictus Growth Partners Invests $40M Growth Round in CYPHER LEARNING
June 19, 2021
Education
CYPHER LEARNING raised a $40 million growth equity round from Invictus Growth Partners to accelerate sales, marketing, and product development of its learning management systems for enterprises and educational institutions. Invictus partner John DeLoche will join CYPHER LEARNING's board as the company scales its MATRIX, NEO and INDIE LMS products globally.
-
Summit Partners Leads $625M Growth Investment in Invicti Security
October 20, 2021
Cybersecurity
Invicti Security, a leader in web application security (Acunetix and Netsparker), has secured a $625 million growth investment led by Summit Partners, with existing investor Turn/River Capital remaining a significant shareholder. The financing will support product expansion and global growth as Summit joins the board to help accelerate the company's rapid expansion.
-
HEST Investments Invests $1 Million in American Binary
September 3, 2024
Cybersecurity
HEST Investments, a Dallas-based private equity firm, made a strategic $1 million investment in American Binary, a U.S.-based post-quantum encryption company. The minority growth investment (finalized in Q4 of last year) will help American Binary accelerate R&D and commercialize its quantum-resistant encryption and enterprise VPN solutions for business and government customers.
-
Agile Defense Acquires XOR Security
May 24, 2023
Cybersecurity
Reston-based Agile Defense, a portfolio company of Enlightenment Capital, has acquired XOR Security for an undisclosed sum. The acquisition adds XOR's federal-focused cybersecurity engineering, VSOC and DevSecOps capabilities to Agile Defense's suite of digital transformation and cyber services to better serve defense, intelligence and federal civilian customers.
-
Invictus Growth Partners Acquires Majority Stake in Allbound Inc.
July 26, 2022
Cloud & SaaS
San Francisco-based private equity firm Invictus Growth Partners invested $43 million to acquire a controlling (majority) stake in Allbound Inc., a SaaS provider of partner relationship management (PRM) software. Invictus will support Allbound's growth and product development — including adding machine-learning capabilities — to accelerate sales, marketing, and platform enhancements.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.