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Announced

Completed

Insight Partners led a $65m Series B funding round in Bionic.

Financials

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Transaction Value£49m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Minority

application security

Private

Completed

Private Equity

Venture Capital

Software

Domestic

Friendly

Synopsis

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Insight Partners, a venture capital and private equity firm, led a $65m Series B funding round in Bionic, an application security posture management platform, with participation from Cyberstarts and Battery Ventures. "Our strong market traction with enterprise customers created major interest from the investor community resulting in an oversubscribed Series B round. We are thrilled to partner with tier-1 investors — Insight Partners, Cyberstarts, and Battery Ventures — as we continue to build Bionic into the next major cybersecurity software company," Idan Ninyo, Bionic CEO and Co-Founder.

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