Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Cybersecurity Firm ZeroFox Begins Trading on Nasdaq via SPAC Deal

Social media threat protection firm ZeroFox will begin trading on the Nasdaq Stock Market today as a result of the previously announced deal by special purpose acquisition company (SPAC) L&F Acquisition Corp. that combines ZeroFox with incident response services firm IDX .

Social media threat protection firm ZeroFox will begin trading on the Nasdaq Stock Market today as a result of the previously announced deal by special purpose acquisition company (SPAC) L&F Acquisition Corp. that combines ZeroFox with incident response services firm IDX .

The combined company is now called ZeroFox Holdings, Inc. and will trade under the ticker symbol “ZFOX” for its common stock and “ZFOXW” for its publicly traded warrants.

ZeroFox provides an AI-powered platform that protects users and brands from social media-sourced threats. The platform analyzes millions of pieces of publicly-accessible content in platforms such as Microsoft 365, G Suite, LinkedIn, Facebook, Slack, Instagram, and Apple and Google mobile app stores — looking for potential threats such as account compromise, fraudulent profiles, business email compromise and spear-phishing on digital platforms. 

ZeroFox LogoWhen the SPAC deal was first announced in December 2021, the combined company was expected to have a pro forma equity value of approximately $1.4 billion, assuming no redemptions, resulting in over $250 million of cash on the combined company’s balance sheet. 

ZeroFox, which has raised more than $154 million in funding, was founded in 2013 by Chris Cullison, Evan Blair, Hillary Herlehy (chief people officer), James Foster (CEO), and Robert Francis. 

ZeroFox Holdings has more than 650 employees and serve nearly 2,000 customers.

Written By

For more than 15 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Understand how to go beyond effectively communicating new security strategies and recommendations.

Register

Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybercrime

The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Cybercrime

A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

Cyberwarfare

WASHINGTON - Cyberattacks are the most serious threat facing the United States, even more so than terrorism, according to American defense experts. Almost half...