Palo Alto Networks pays over $200M for Israeli DevOps security startup Bridgecrew
Properly, that was speedy.
Founded just two a long time in the past, Israeli startup Bridgecrew has been acquired by the Israeli-American cyber large – PaloAlto Networks. The acquisition, which was first claimed a month in the past on Calcalist, is formally introduced now, and is believed to be upwards of $200 million.
Codified cloud safety
Presently, most cloud protection products and solutions flood issues, vulnerabilities, and misconfigurations. Nonetheless, these troubles ultimately come across their way to the progress teams, who then scatter to come across answers. This is how bottlenecks kind with 1000’s of JIRA tickets, bringing on essential security challenges that DevSecOps groups just can’t clear up.
The Bridgcrew system automates protection remediation, enabling engineers to solve difficulties at the click of button. The firm’s developer-initial IaC (Infrastructure-as-Code) safety system presents builders and DevOps teams a systematic way to enforce infrastructure security requirements during the enhancement lifecycle.
“We have committed ourselves to making developer-to start with applications that bridge the hole amongst developers and cloud safety. By signing up for Palo Alto Networks, we will be ready to convey codified cloud security to the developer local community on a broader scale. We search forward to operating collectively to continue shifting cloud protection left,” explained Idan Tendler, co-founder and CEO of Bridgecrew.
Bridgecrew was established in 2019 by Idan Tendler, previously CEO at Fortscale, which was obtained by RSA in 2018 Barak Shoster and Person Eisenkot. The business has elevated $18 million to day, which suggests that stakeholders see their financial commitment increase tenfold. Amongst the investors, Battery Ventures and NFX led the former spherical. In addition, a variety of critical gamers from Silicon Valley’s cyber sector look to income from this deal as properly, which include Kevin Mahaffey, founder of Lookout David Hannigan, head of facts protection at Spotify David Tsao, CISO at Marqeta Srinath Kuruvadi, head of cloud security at Netflix and Ely Kahn, Principal Solution Supervisor at AWS. The firm has a group of 30 workers in the U.S. and Israel, who will sign up for the founders at Palo Alto’s Tel Aviv R&D heart.
“We are thrilled to welcome Bridgecrew, and their widely adopted and reliable developer security system, to Palo Alto Networks. When put together, Prisma Cloud consumers will advantage from owning security embedded in the extremely foundation of their cloud infrastructure,” explained Nikesh Arora, chairman and CEO of Palo Alto Networks.