Treffer: Exclusive: Invictus-backed cybersecurity company ThreatModeler acquires competitor IriusRisk for over $100 million.
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The article focuses on ThreatModeler's acquisition of its largest competitor, IriusRisk, for over $100 million, highlighting the growing need for cybersecurity solutions as AI coding tools become more prevalent. ThreatModeler, a New Jersey-based company founded in 2010, provides automated software to help developers identify security vulnerabilities before application launch. CEO Matt Jones emphasizes the importance of combining the strengths of both companies to enhance their offerings, particularly as organizations face increasing coding demands and regulatory requirements for cyberthreat models. The acquisition aims to address the risks associated with inadequate threat modeling practices, especially as reliance on AI grows. [Extracted from the article]
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