Sqreen to be acquired by Datadog


The company, whose Seed round Alven led in 2016, will help Datadog extend its cloud security capabilities to protect organizations from attack

Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced that it has entered into a definitive agreement to acquire Sqreen, a SaaS based security platform that enables enterprises to detect, block and respond to application level attacks.
The addition of Sqreen – founded by Pierre Betouin and Jean-Baptiste Aviat, and an Alven portfolio company since its Seed round in 2016 – and its application security capabilities will provide development, security and operations teams a unified platform to deliver and manage secure and resilient applications.

Modern application security vulnerabilities range from oversights in how code was written to configuration issues in underlying infrastructure. However, these issues are complex to detect, prevent or troubleshoot, because application security crosses lines of responsibility between developers who write the applications, operations teams who run them, and security teams who are responsible for securing these applications. Sqreen’s proven application security management platform provides Runtime Application Self-Protection (RASP) and in-app web application firewall (WAF) that is already utilized by hundreds of development, operations and security teams in production to detect and block code level exploits while allowing legitimate traffic.

“The application layer is currently one of the most vulnerable and exploitable attack surfaces,” said Olivier Pomel, CEO, Datadog. “In combining Sqreen with Datadog, we plan to close the gap between application developers and security teams and provide our customers robust application security, without the disjointed visibility, high implementation costs and steep learning curve of traditional application security products.”

“Today’s announcement marks an exciting new chapter for Sqreen that will enable us to deliver on our mission of creating a more secure future for all organizations,” said Pierre Betouin, CEO, Sqreen. “As part of Datadog, we will be able to accelerate the way we build security tools that automate application protection, threat detection, and security monitoring to deliver more value to customers.”

According to 451 Research, part of S&P Global Market Intelligence, security is a team sport, meaning security professionals within an enterprise will be called upon to work in a matrix with a number of different functional teams. This approach is common in endpoint management and network security, and it’s increasingly going to be part of the management of cloud infrastructure. Application security is no different – security’s reason for existence is the implementation of processes to protect the enterprise from a host of threats, and thus that team typically holds budget, implementation expertise and the motivation (via how it is measured) to insist on continuous process improvement around the protection of information. Enabling other teams by federating certain day-to-day activities can further this mission, but it doesn’t absolve information security from, in the context of application security, ensuring tools work for developers, making sure tools are being used and run, and reviewing the status of vulnerabilities.1

The transaction is subject to certain customary closing conditions, including receipt of required regulatory approvals, and is expected to close in Q2 2021.


Venture Capitals and AI-powered startups

When investigating an AI startup for a funding round, it is often difficult to distinguish impactful AI solutions from ideas that only use AI as a buzzword or marketing catalyst. We had the chance to work on the review of more than 100 academic references on AI startups, in the context of Maxime Lhoustau’s Master Thesis for HEC Paris and TU Munich. In this article, you will find the key takeaways.


Kaiko announces a $53M Series B

The funding will enable Kaiko to further consolidate its position as the global industry reference for centralized and decentralized digital assets data services.


Less than a year after raising its seed round, Stoïk completes an €11M Series A round

The company is announcing its Series A from prestigious investors to support its growth and expansion plans. Andreessen Horowitz, founded in 2009 by Marc Andreessen and Ben Horowitz, is one of the world’s largest and pre-eminent venture capital funds. Known for investments in companies such as Skype, Twitter, Facebook, Airbnb, and more recently Pinterest and Slack, a16z is joining the Stoïk journey alongside existing investors Alven and Anthemis Group.