May 30, 2019

Threat intel firm Recorded Future sells for $780 million

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."

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Coronavirus spreads to more countries as cases in South Korea surge

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Afghanistan, Kuwait and Bahrain each reported their first cases of the novel coronavirus, Al Jazeera first reported, as infections in South Korea, Italy and mainland China continued to increase on Monday.

The big picture: As South Korea and Italy stepped up emergency measures in efforts to thwart the spread of the virus, World Health Organization officials expressed concern about infections with no clear link to China. COVID-19 has killed at least 2,619 people and infected almost 80,000 others, with all but 27 deaths occurring in mainland China.

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In photos: India welcomes president with massive "Namaste Trump" rally

First Lady Melania Trump, President Trump and India's Prime Minister Narendra Modi attend the "Namaste Trump" rally at Sardar Patel Stadium in Motera, on the outskirts of Ahmedabad, on Monday. Photo: Mandel Ngan/AFP via Getty Images

President Trump was addressing a massive rally after arriving with members of the U.S. first family in Ahmedabad, northwest India, Monday for a two-day visit.

Why it matters: The countries are forging deeper ties, particularly in the military dimension, as India’s location, size and economic growth making it the "obvious counterweight to China" for American policymakers, per Axios' Dave Lawler and Zachary Basu. Prime Minister Narendra Modi is demonstrating the importance of the visit by holding a "Namaste Trump Rally" at a packed 110,000-capacity Sardar Patel Stadium in Ahmedabad — the world's largest cricket venue.

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Sanders reveals free childcare plan for preschoolers

Democratic presidential candidate Sen. Bernie Sanders speaks during a campaign rally on Saturday in El Paso, Texas. Photo: Cengiz Yar/Getty Images

Democratic presidential candidate Sen. Bernie Sanders announced on CBS' "60 Minutes" Sunday a new plan to guarantee free child care and pre-kindergarten to all American children from infancy to age four.

Details: In the wide-ranging interview, Sanders told Anderson Cooper he planned to pay for universal childcare with a wealth tax. "It's taxes on billionaires," he said.

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