Media company Bloomberg has exited Canada-based web application security software provider Immunio following its acquisition yesterday by cybersecurity technology producer Trend Micro for an undisclosed amount.
Founded in 2013, Immunio has developed cybersecurity software that offers real-time web application security, automatically detecting application security vulnerabilities and providing protection.
Trend Micro plans to integrate features from Immunio’s product into its own offering. Zaid Al Hamami, CEO of Immunio, wrote in a blogpost that he will be working with Trend Micro on developing cloud-based web application security software.
Immunio previously raised $8.3m, including a $5m series A round in April 2016 that featured Bloomberg Beta, the corporate venturing vehicle for Bloomberg, as well as BDC Capital, the investment arm of state-owned financial institution Business Development Bank of Canada.
White Star Capital, Hoxton Ventures and Real Ventures also took part in the series A round.
The company emerged from stealth in 2015, securing $2.7m from Bloomberg Beta, Hoxton Ventures and Real Ventures.
Bill McGee, a senior vice-president at Trend Micro, said: “We are excited to acquire Immunio’s application protection technology, their team of application security experts and their customers.
“Technology changes, like cloud computing and container platforms, are enabling faster application development. Immunio’s run-time application security allows our customers to increase protection against software vulnerabilities within the applications they are building.”