Invictus-backed cybersecurity company ThreatModeler acquires competitor IriusRisk for over $100 million | Fortune
Summary
ThreatModeler will acquire rival IriusRisk for over $100 million, creating a combined company with roughly $50 million in annual recurring revenue. Invictus, which previously took a majority stake in ThreatModeler, will remain the majority investor in the merged business. The combined firm will serve about 300 mostly Fortune 1000 customers, resolve prior patent litigation, and unify the strongest features from both platforms. ThreatModeler also plans to expand AI capabilities, including an agentic product due in the second half of next year to automate and adapt threat models as software development scales.
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