Google Israeli nugget Siemplify to beef up its cyber threat detection offer!
Google Cloud has taken over the start-up Siemplify for an estimated $ 500 million.
This takeover had been the subject of numerous rumors in the press for some time. It’s now official: Google Cloud has acquired Siemplify. This Israeli start-up is behind a SOAR (Security Orchestration, Automation and Response) platform capable of monitoring the flow of information on threats and triggering automated responses in order to limit security incidents. A particularly useful tool in the context of an explosion of cyberattacks, in particular ransomware.
A Buyout At $500 Million
The amount of the acquisition would amount to $ 500 million, according to sources cited by Techcrunch. The parties to the sale have neither invalidated nor confirmed this envelope. The teams of this young shoot will join the ranks of the Google Cloud security team, we learn in the blog post announcing the takeover.
” Providing a proven and unified SOAR capacity with the innovative approach of Chronicle (telemetry and native security analysis platform in Google Cloud, editor’s note) in terms of analysis and security is an important step in our vision “, said Sunil Potti, general manager and vice president of cloud security at Google Cloud.
Better Manage Risks While Reducing Costs
Founded in 2015 in Israel by Amos Stern, Alon Cohen, and Garry Fatakhov, security teams to both better manage risk and reduce the cost of dealing with threats, “Sunil Potti explains in the blog post.
Its technology offers Security Operation Center (SOC) analysts the ability to” manage their end-to-end operations, respond to cyber threats with speed and precision and gain expertise with every interaction. “Also, it helps improve” SOC performance by reducing workloads, increasing productivity and creating better visibility into workflows “. The $ 58 million startups, now headquartered in New York City, was last funded in May 2019. Investors included Georgian, 83North, Jump Capital, and G20 Ventures, as well as a number of individuals.
Google Strengthens Its Cybersecurity Offer
This takeover allows Google to complete its portfolio of services dedicated to IT security. In October 2021, on the occasion of Google Cloud Next’21, he launched ” Work Safer “, a ” cloud-first ” offer” that brings together different pre-existing services like BeyondCorp Enterprise, its Zero Trust cloud solution to fight malicious intrusions. In parallel, Google introduced a new team of experts and responsible for providing strategic advice through workshops and educational content as well as support in bringing the system into conformity.