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This many billion dollar deals all in one week?! Has the world gone mad?
The headline story is ServiceNow’s are making moves again. First the signed deal for Veza, and now reports that they are in advanced talks to acquire Armis for up to ~$7B!!
Lets dive in.
This weeks Trident Talks!
In our latest Trident Talks episode, Charlee Ryman sat down with Oren Saban (CPO & Co-Founder) to unpack why SOC teams are still drowning in alerts even after a decade of automation promises, and how Mate’s AI SOC agents aim to change the game.
Big money, big signals: Saviynt raises a massive $700M Series B led by KKR, while Prime secures a $19.98M Series A to push security upstream into product design with agentic AI.
Seed-stage momentum stays strong: Cyphlens, Realm Security, Zynap, and Equixly all raise fresh capital, highlighting continued investor appetite for AI-native security, encrypted data interaction, cybercrime simulation, and automated API testing.
Identity and access remain top of mind: From Saviynt’s mega-round to Prime’s design-stage security and Equixly’s API attack testing, identity, permissions, and access control continue to define where budgets flow.
Consolidation accelerates at the top end: Veeam acquires Securiti in a $1.7B+ LBO, while Proofpoint picks up Hornetsecurity for $1.8B, further proof that platform players are racing to own data, identity, and human-layer security.
Healthy market dynamics: Billion-dollar buyouts at the top, combined with a steady pipeline of focused seed and Series A startups, point to a cybersecurity ecosystem that’s consolidating and innovating at the same time.
Insider Insight: ServiceNow’s two-week drumbeat (cracker of an image this week)
Company Spotlight: Prime
FUNDING SPOTLIGHT
Cyphlens – Seed – $3.8M - DCG Expeditions, Digital Currency Group
Cyphlens raised seed funding to accelerate development of its visual-encryption platform, enabling organisations to interact with encrypted data without ever decrypting it. The round reflects growing demand for post-login data protection as AI-driven exposure risks increase across financial services, government, and healthcare.
Realm Security – Early Stage – $2M - Presidio Ventures
Realm Security secured early-stage funding to support international expansion, leveraging Presidio Ventures’ strategic backing and access to the Sumitomo ecosystem. The company is focused on unifying fragmented security telemetry into a single, intelligent security fabric to help SOC teams manage cost, scale, and complexity.
Zynap – Seed – €12M - Kibo Ventures, KFund
Zynap raised a substantial seed round to advance its generative-AI cybercrime simulation platform. By modelling attacker behaviour and predicting threat evolution, Zynap positions itself at the intersection of proactive defence and AI-native threat intelligence, with strong applicability to critical infrastructure.
Equixly – Series A – €10M - 33N Ventures
Equixly closed a Series A round to scale its automated security testing platform. The company applies machine learning to continuously execute API-level attacks, enabling development teams to uncover vulnerabilities earlier and more systematically. Expansion into the UK is planned as part of its next growth phase.
Prime – Series A – $19.98M - Scale Venture Partners
Prime raised nearly $20M to accelerate development of its Agentic Product Security Platform, which monitors engineering plans and design decisions before code is written. The round underscores a growing shift toward design-stage security, where autonomous AI agents reduce risk earlier in the product lifecycle.
SandGrain – Series A – €13.5M - Innovation Industries
SandGrain secured Series A funding to support global expansion of its Cyberrock platform, which delivers cryptographic authentication for IoT devices. The company targets industrial, critical infrastructure, and defence sectors where device trust and hardware-level security are increasingly essential.
Saviynt – Series B – $700M - Kohlberg Kravis Roberts (KKR)
Saviynt raised one of the largest cybersecurity rounds of the year, securing $700M at an estimated $2.3B valuation. The funding will fuel product expansion, AI-driven identity governance capabilities, and deeper integrations with hyperscalers and SaaS platforms, reinforcing Saviynt’s position as a leader in enterprise identity security.
M&A INTELLIGENCE
Big moves by Veeam and Proofpoint!! Lots of +Billion deals this week, crazy.
Securiti → Acquired by Veeam – $1.7B+ LBO
Financial sponsors: TPG, The Chertoff Group, Temasek Holdings, Insight Partners, NB Capital Solutions, Alkeon Capital Management
Veeam acquired Securiti to unify data security, privacy, and governance across SaaS, cloud, endpoints, and backups, eliminating fragmented data control environments.
Hornetsecurity → Acquired by Proofpoint – $1.8B LBO
Financial sponsors: Thoma Bravo, Glynn Capital, Inflection Ventures
Proofpoint’s acquisition of Hornetsecurity extends its human-centric security platform deeper into the MSP channel, strengthening its position in email security and mid-market distribution.
Infinipoint → Acquired by Outpost24 (Undisclosed)
Financial sponsor: Fåntell (with Vitruvian Partners)
Outpost24 acquired Infinipoint to add cloud-native zero-trust access and identity verification capabilities to its broader security portfolio.
Amer-X Security → Acquired by ProTelesis – $4.6M
Acquirer: ProTelesis
The acquisition expands ProTelesis’ offering into physical security, surveillance, and cybersecurity services, creating a broader end-to-end security services platform.
INSIDER INSIGHT
ServiceNow’s two-week security drumbeat (Veza done, Armis next?)
Two big headlines in two weeks usually mean one thing: a strategic land-grab is underway.
1) Veza = the “permission layer” for modern enterprises
ServiceNow’s planned acquisition of Veza is about identity security at enterprise scale, but more specifically it’s about governing access across human identities, machine identities, and AI agent, which is the thing that’s about to explode as agentic workflows become default.
The practical takeaway:
The market is shifting from “IAM plumbing” → authorization intelligence (who/what can touch what, and why).
In an AI-first world, the attack surface isn’t just endpoints and cloud it’s permissions and actions.
2) Armis rumours = the “asset + exposure layer”
Now the second headline: multiple reports say ServiceNow is in advanced talks to acquire Armis for up to ~$7B (reported as a Bloomberg-sourced story).
Why Armis would be strategically coherent:
Armis plays in digital infrastructure visibility, cyber risk, and exposure, essentially the “what do we have, what’s risky, what’s changing” layer.
ServiceNow already has an integration partnership motion with Armis (CMDB + visibility + workflow). A full acquisition would turn an integration into an owned capability.
It’s easy to misread consolidation as “the industry is shrinking.” What we’re seeing is closer to a barbell market:
Top end: platforms consolidating security into fewer suites and workflow systems.
Bottom end: a swarm of new startups shipping into the new threat model — agentic security ops (7AI), AI governance (AI Score), app/API protection (Mirror Security), deep-tech crypto/compute and encryption (Niobium).
The Trident Take
If ServiceNow ends up landing both Veza (identity graph) and Armis (asset/exposure graph), you start to see the outline of a security control plane:
Who/what has access (identity + permissions)
What exists and what’s risky (asset visibility + exposure)
What to do next (workflow + automation)
That’s the blueprint for where budget flows in 2026.
COMPANY SPOTLIGHT
Agentic Product Security at the design stage
Prime is one of the more compelling “secure-by-design, but actually operational” companies we’ve seen in a while.
What they do
Prime builds an AI-driven platform that enhances product security by monitoring engineering plans and design decisions — not just scanning code after the fact.
The platform is designed to provide:
continuous monitoring of planned features and design changes
automated security design review coverage
early visibility into design-level risks (before build + deploy)
an “agentic” workflow that reduces manual review load and speeds up secure delivery
Funding & why it matters
Prime just raised $19.98M Series A (post-valuation $88M, total raised $25.98M). The stated use of funds: GTM expansion and further development of the Agentic Product Security Platform.
Founders
- Michael Nov — CEO
- Danny Hanga — CTO
The Trident Take
Prime is riding a macro shift: AI accelerates shipping speed, and that makes late-stage security reviews a bottleneck the market can’t tolerate anymore.
HOT JOBS
VP of Sales – AI Security | East Coast, US
Early-stage, seed-funded Israeli AI security startup. First GTM hire in the US, tasked with building and scaling the commercial function quickly across enterprise and strategic accounts. $450K–500K OTE with meaningful equity upside.
Contact: [email protected]
Account Executive – DoD | DMV Area (DC / Maryland / Virginia)
VC-backed compliance and security cloud infrastructure startup with an established and trusted brand. Join a high-performing federal sales team focused on deepening relationships across DoD and wider defence ecosystems.
$300K OTE.
Contact: [email protected]
Account Executive – Public Sector (Federal) | Washington, DC
Fast-growing, VC-backed security compliance and automation vendor. First Public Sector / Federal sales hire — you will own and run the federal motion end-to-end for a Series A company scaling rapidly in regulated markets.
$300K OTE.
Contact: [email protected]
Account Executive – Data Security (DSPM) | Central / East US
High-growth data security platform focused on DSPM for modern cloud environments. Central / East Coast patch, strong demand from regulated and high-growth customers. Rep who started recently is on track to clear ~$500K in 2026.
$300K–320K OTE.
Contact: [email protected]
Account Executive – Agentic DLP | East US
Next-gen data loss prevention platform built around agentic AI for real-time data protection. Backed by a $20M seed round, signalling strong conviction and runway. East Coast-focused role selling into security-forward mid-market and enterprise accounts. $300K–350K OTE.
Contact: [email protected]
Account Executive – Non-Human Identity Security | TOLA
Category-leading NHI (non-human identity) security vendor recognised as one of the core players in the space. Work directly with a CRO who has two successful exits under their belt, selling into cloud-native and AI-heavy organisations.
$300K–320K OTE.
Contact: [email protected]
Account Executive – OT / Critical Infrastructure Security | US South
Operational technology security vendor focused on critical infrastructure and industrial environments. Role covers Southern states; Trident has placed much of the sales organisation here (CRO + multiple AEs), so you’ll be joining a proven, well-known leadership team.
$220K–240K OTE.
Contact: [email protected]
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📥 INBOX INTEL
Have market intelligence to share? Our network sees deals before they're announced, hiring freezes before they're public, and technology shifts before they hit the headlines.
Send us your tips:
Funding rounds in stealth mode
Executive movements and reorganizations
Customer wins/losses that signal market shifts
Technology partnerships before they're announced
Hiring sprees or freezes at specific companies
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Editor: Ryan Keeley | London