In late October Kaspersky Lab announced the acquisition of Brain4Net, an SD-WAN and NFV orchestration software developer born in Russia in 2015.
“We’re going to significantly boost our cloud security capabilities and XDR offering. The acquisition enables us to develop reliable detection and response capabilities in the ‘cloud-first’ paradigm by delivering our own solutions based on SD-WAN and NFV to the market,” stated Andrey Efremov, Chief Business Development Officer at Kaspersky Lab.
According to Crunchbase data, Brain4Net amassed $8.6 million in capital injections since its inception. In a 2017 deal, Moscow based tech fund Leta Capital injected $1 million in the company. The investors in the subsequent Series A round (2018) and Series B round (2019) were two Russian investors directly or indirectly backed by the government (VEB Ventures and Rostelecom’s CommIT Capital) and a Moscow-based VC firm called Typhoon Digital Development.
According to Rusven, the 2018 deal valued the company at 1.18 billion rubles (around $19 million at the exchange rate of that time).
Update Dec. 1, 2021: The acquisition valued Brain4Net at $12.89 million, with Kaspersky Lab acquiring a 82,2% stake for $10,599 million, says a Kaspersky Lab financial report cited by RBC. The decrease in value since 2018 is explained by company debt and lower revenues.
