Invictus-backed cybersecurity company ThreatModeler acquires competitor IriusRisk for over $100 million | Fortune
The rise of AI coding tools means developers can create software applications faster than ever, but the risk for hacks and exploits is growing in lockstep. ThreatModeler, a cybersecurity company that helps developers identify vulnerabilities in their applications, announced on Thursday it is acquiring its largest competitor, IriusRisk. The deal is for over $100 million, according to a source with direct knowledge, who added that the annual recurring revenue for the combined companies is around $...
Read more at fortune.com