More and more consolidation is happening in the world of cybersecurity. BitSighta latest cybersecurity startup valued at $2.4 billion when rating company Moody’s took a majority stake in the company in 2021, it was acquisition of Cybersixgill for $115 million.

BitSight, based in Boston, focuses on cyber risk management. It works with companies to assess their risk profiles and in particular the likelihood of them being breached, which covers not only assessing a company’s attack surface on its network and other digital assets, but also the products it uses to defend them.

Cybersixgill will give BitSight another level of visibility in this effort: the small startup specifically analyzes dark web activity to proactively look for data leaks and indicators of potential breaches and new techniques. The collective area he focuses on is called “cyber threat intelligence” and he says it covers invite-only messaging groups, code repositories, collage sites, and clear web platforms.

Both companies rely heavily on AI in their work, and it appears they will complement each other in terms of the areas they focus on.

The smaller company, based in Israel, was initially launched under the name Sixgill. It had raised just under $56 million from investors including CrowdStrike, OurCrowd and Terra Venture. Presentation book data. But PitchBook also notes that the startup was last valued, in 2022, at just over $162 million. Cybersecurity has been a hot area of ​​the financing market over the past couple of years, but the rising tide doesn’t lift all paper boats.

The deal will put more money into the technology Cybersixgill was building. “We are committed to investing in Cybersixgill’s cutting-edge products and will continue to drive innovation to bring even more value to customers,” Bitsight CEO Steve Harvey said in a statement. The company uses both technology and people.