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Exabeam extracts $50M, Alphabet applies $375M to Oscar Health, Coinbase courts Distributed Systems – Friday Deal Book for 08/17/2018



OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. Exabeam raises $50 million for automated threat mitigation, Alphabet invests $375 million into health insurance provider Oscar Health, Coinbase acquires Distributed Systems, EZShield acquires IdentityForce, and much more.

Exabeam raises $50 million, brings total funding to $115 million

The Series D round was led by Lightspeed Venture Partners, with participation from Aspect Ventures, Cisco Investments, Icon Ventures, and Norwest Venture Partners. Exabeam relies on a large collection of data — otherwise known as a “data lake” — to automatically identify security threats. The system can then mitigate those threats automatically. The company plans to use its latest funding to continue their go-to-market strategy and grow market share, while also expanding globally. [Read more]

Alphabet buys into Oscar Health again for another $375 million

The parent company of Google previously invested in insurtech company Oscar through Capital G, its investment arm, as well as Verily, its health and life sciences research arm. Oscar is coming off of a $165 million funding round raised back in March, which valued the company at $3 billion. With the latest buy-in, Alphabet now owns a 10 percent stake in the company. Oscar is an startup insurance provider specializing in the Affordable Care Act, and it plans to enter the Medicare Advantage business in the next few years. [Read more]

Coinbase acquires digital identity company Distributed Systems

No price was given for the acquisition, but the five-person startup will join a unit at Coinbase dedicated to developing digital identity solutions. Coinbase has signaled that it will take its time and be “deliberate” about how and where the company applies the technology. The cryptocurrency exchange is investing in decentralized identification, allowing users to transact without revealing too much personal information, and also giving control of digital identity data back to consumers. [Read more]

EZShield acquires IdentityForce

EZShield is a digital identity protection and resolution provider, and the purchase of IdentityForce brings another identity theft protection provider into the fold. EZShield said the acquisition will expand its identity protection ecosystem by nearly 50 percent, including partners in virtually all industries, and businesses of all sizes. IdentityForce was founded in 2005, while EZShield has been around since 2001. The price of the acquisition was not given. [Read more]

Entrust wins patent for card personalization, partners with Gemalto

In the first of a pair of announcements this week, Entrust Datacard revealed that it has been awarded a patent for duplex card printing without the need for a second card printing mechanism. The company says the patent, entitled “Card Printing Mechanism with Card Return Path,” will reduce the cost and footprint of card personalization systems. In addition, Entrust has also teamed up with Gemalto to expand their IoT security partnership. The enhanced agreement will see the two parties collaborate on a new framework for IoT-connected devices. [Read more]

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