ZeroFox went public via a SPAC merger with L&F Acquisition in a $1.4bn deal.

ZeroFox, a cybersecurity firm, went public via a SPAC merger with L&F Acquisition, a blank-check firm, in a $1.4bn deal. The transaction included a $170m PIPE investment from Monarch Alternative Capital, Victory Park Capital, Corbin Capital, Highland Capital, Alsop Louie Partners, Blue Venture Fund, Peloton Equity and Forgepoint Capital. “Since ZeroFox was founded in 2013, we have helped companies address emerging security challenges caused by the transformational shift to a ‘digital everything’ world. This rapid digital transformation has made companies vulnerable to attackers, resulting in the highest breach rate the industry has ever seen,” James C. Foster, ZeroFox Chairman and CEO.