Cybersecurity firm Bitdefender is teaming up with Techs + Together, a global managed service provider (MSP) community, announced a distribution partnership that allows Techs + Together to provide MSPs with Bitdefender’s full suite of cybersecurity solutions.
The partnership will include extended detection and response (XDR) and managed detection and response (MDR) solutions, the companies said.
Techs + Together and Bitdefender will offer simplified security management for MSPs with a flexible, usage-based billing model—no contracts, minimum purchases, or long-term commitments required, according to a statement from the firms. MSPs can adjust their security needs monthly, and the partnership also provides expert-led onboarding, 24x7 support, and dedicated assistance for incident response.
As always, drop me a line at sharon.florentine@cyberriskalliance.com if you have news to share or want to say hi!
Grab your coffee. Here's what you need to know today.
Today’s Tech, Channel and MSP News
1. Island raises $250M at nearly $5B valuation: Secure enterprise browser Island has raised $250 million in a late-stage financing round led by Coatue Management, bringing its valuation to $4.8 billion. In Island's previous round in April 2024, the startup raised $175 million at a $3 billion valuation. Including this Series E round, the company has secured approximately $730 million in external funding from investors such as Sequoia Capital, Insight Partners and Gili Raanan’s Cyberstarts. That brings its current valuation to almost $5 billion.
2. Fintech Mercury lands $300M Series C: Digital banking startup Mercury has landed $300 million Series C funding, led by Sequoia Capital, alongside existing backers Coatue, CRV, Andreessen Horowitz, and new investors Spark Capital and Marathon. The raise brings Mercury’s total primary and secondary funding to $500 million and boosts its valuation to $3.5 billion. Mercury said it will be looking into potential acquisitions with its new capital and will also be hiring. Mercury currently has 850 employees with plans to grow to more than 1,000 in 2025.
3. Pulumi adds new automation, cloud security features: Pulumi has made four significant product enhancements designed to improve security, streamline automation, and provide greater control over cloud resources, the company said. The new features include automated credential rotation, secure secrets management, new RBAC, and unified governance capabilities.
4. Anthropic, Databricks partner to grab AI Revenue: Anthropic and Databricks announced a five year, $100 million partnership to sell artificial intelligence (AI) tools to businesses, especially those that want to build their own AI agents. The partnership will make Anthropic’s Claude models available to businesses that store and analyze their corporate data in Databricks’ platform so they can build AI agents using their own data. Based on what the companies said about the deal structure, Anthropic and Databricks are expected to generate $100 million in revenue jointly over a five-year period, they said. According to Anthropic, both companies’ sales teams will sell each other’s products. The companies declined to share additional financial details about the partnership.
5. M.C. Dean launches managed services program: M.C. Dean, a systems integrator for cyber-physical solutions, has launched a managed services offering tailored to facility systems - electronic security, automation, and cybersecurity. The managed services offering will include round-the-clock support, proactive monitoring, system hardening, efficient ticketing, and scalable cloud-based solutions, all aimed at optimizing system performance and enhancing security. This announcement follows the March 19, the company appointed Ryan Kaltenbaugh as its first security global sales leader to drive adoption and growth of managed services.
