Managed Security Services Provider (MSSP) News: 14 June 2021 -

Each business day, MSSP Alert broadcasts a quick lineup of news, analysis and chatter from across the managed security services provider ecosystem.

The Content: Written for MSSPs, SOC as a Service (SOCaaS), Managed Detection and Response (MDR), Extended Detection and Response (XDR) and MSP security providers — and those who need to partner up with such companies.

Frequency and Format: Every business morning. Typically one or two sentences for each item below.

Reaching Our Inbox: Send news, tips and rumors to [email protected].

A. Today’s MSSP and Cybersecurity News Alerts

1. Funding and Valuation Rumor - MDR: Arctic Wolf, a Top 40 MDR Service Provider, is seeking to raise a new round of venture capital funding at a $4 billion valuation, a report asserts.

2. Funding - Cybersecurity Training: Immersive Labs has raised $75 million in Series C funding led by new investors Insight Partners alongside Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management.

3. Funding - Security Startups: Recorded Future, owned by venture capital firm Insight Partners, has launched the The Intelligence Fund. The $20 million fund will focus on seed and Series A investments in startups that are building novel intelligence data sets, collection platforms, and applications.

4. Security Consultant Faces Criminal Charges: The case involves network security company Securolytics allegedly launching a cyberattack against a hospital in Georgia, the Associated Press reports.

5. Ransomware Decrypted: Emsisoft has launched a decryptor for Avaddon ransomware.