The firm announced Tuesday it has taken on its first majority stake in a company—Dallas-based Zimperium—since launching last year. The deal is worth approximately $525 million. According to Crunchbase data, the mobile security platform raised about $72 million before striking the deal with Liberty.
SoftBank, which has been an investor in Zimperium since 2017, will continue as a minority investor, according to the release.
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The deal is Liberty’s fourth in the cybersecurity space since its launch. Last month, the firm led a $250 million Series D at a $1 billion-plus valuation in New York-based BlueVoyant. Last July, Boston-based security company Cybereason raised $275 million at a reported $3.1 billion valuation in a round led by Liberty. Then in November, Los Altos, California-based Contrast Security closed a $150 million Series E at a greater than billion-dollar valuation, also led by Mnuchin’s new firm.
Liberty also provided a $150 million private placement commitment for Satellogic’s—satellite imagery company—SPAC merger.
Illustration: Dom Guzman
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