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Insight Partners has purchased a majority share in Boston-based threat intelligence company Recorded Future for $780 million in cash, the highest ever price for a threat intel firm.

Why it matters: Recorded Future co-founder and CEO Christopher Ahlberg told Axios that his company's 10-year growth proves how vital threat intel firms — which analyze technical and human-sourced data to provide personalized actionable insights — are to the cybersecurity marketplace.

"We’ve proven that threat intelligence gets a room of its own. This acquisition proves that."
— Christopher Ahlberg

Context: Recorded Future had gone through 5 previous rounds of funding totaling $58 million, with Insight as the lead investor in the Series E round.

  • Recorded Future offers a machine learning-based software solution to sift through threat information as well as a research team analyzing different actors.
  • Gartner estimates that by 2022, 20% of large enterprises will use threat intelligence to augment other security products.

Details: Ahlberg doesn't see much change to Recorded Future as a stand-alone product. "We'll be doing the same thing, just more of it," he said. "We could have been purchased by a larger security firm and vanished into it."

Go deeper

Delivery industry sees biggest monthly job losses in more than 20 years

Data: U.S. Bureau of Labor Statistics; Chart: Axios Visuals

The pandemic's biggest job winner is losing steam.

Driving the news: People who deliver packages to businesses and homes — classified as "couriers and messengers" by the Labor Department — saw the industry's biggest monthly job losses in more than 20 years in April.

FDA authorizes Pfizer COVID vaccine for 12- to 15-year-olds

Photo: Gabby Jones/Bloomberg via Getty Images

The Food and Drug Administration authorized the emergency use of the Pfizer-BioNTech coronavirus vaccine for 12- to 15-year-old adolescents, the agency announced on Monday.

Why it matters: The emergency authorization marks a critical milestone in the push to get more Americans vaccinated and fully reopen schools for in-person learning this fall.

GOP to vote on ousting Liz Cheney this Wednesday

Photo: Tom Williams/Pool via Getty Images

House Republicans will vote on recalling Rep. Liz Cheney (R-Wyo.) as conference chair this Wednesday, House Minority Leader Kevin McCarthy announced in a letter Monday, Punchbowl News reported.

Why it matters: Cheney, the No. 3 House Republican, has faced increasing backlash from McCarthy and her Republican colleagues as she continues to criticize former President Trump and his baseless claims of election fraud.