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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

DHS directing $77 million to combat domestic violent extremism in states, cities

DHS Secretary Alejandro Mayorkas. Photo: Tasos Katopodis/Getty Images

For the first time, states and localities will spend at least $77 million of Department of Homeland Security grant money on combatting domestic violent extremism, DHS Secretary Alejandro Mayorkas announced on Thursday.

Why it matters: Domestic terrorism has been on the rise in the U.S., spurred on by growing polarization and the mainstreaming of online conspiracy theories. In the wake of the Jan. 6 Capitol attack, Mayorkas has made fighting the problem a "National Priority Area."

Senate confirms former Michigan Gov. Jennifer Granholm as energy secretary

Former Michigan Governor Jennifer Granholm. Photo: Jim Watson/AFP via Getty Images

The Senate voted 64-35 on Thursday to confirm former Michigan Gov. Jennifer Granholm as secretary of the Department of Energy.

Why it matters: Granholm, only the second woman to head the department, will play a key role in President Biden’s efforts to accelerate the U.S. shift to clean energy and help other countries do the same.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: How data and the pandemic have democratized the "high-performance lifestyle — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: Pfizer begins study on 3rd vaccine dose as booster shot against new strains — Republicans are least likely to want the coronavirus vaccine
  3. U.S. news: California surpasses 50,000 deaths COVID-19 deaths, more than any other state — Jimmy and Rosalynn Carter return to church after receiving COVID-19 vaccines
  4. Local: Public transit ridership in Twin Cities dropped 53% amid pandemic — Data firm predicts "complete chaos" in next phases of Florida's vaccine rolloutAlaska Gov. Mike Dunleavy tests positive for the coronavirus