Palo Alto networks acquires the Israeli start-up BridgeCrew for $ 200 million

The American cyber company Palo Alto acquires the Israeli start-up BridgeCrew for $ 200 million, the company announced today (Tuesday). Palo Alto will pay $ 156 million in cash and another $ 44 million in shares to be transferred to entrepreneurs, employees and investors. This is a fairly quick exit for BridgeCro, founded in 2019 by Idan Tendler (CEO), Guy Eisenkot (VP of Product), Barak Schuster Goichman (CTO and VP of Development).
BridgeCro has raised $ 18 million since its inception from Sorenson Ventures, Battery Ventures, NFX and other investors, including private investors coming from Silicon Valley's information security and cloud - including Spotify and Netflix's information security executives.
The company has developed information protection technology for cloud infrastructure. The idea behind the company is that the developers themselves will set up secure cloud infrastructures, and that the burden of securing the cloud infrastructures will not be placed on the information security teams. The platform developed by the company allows development teams in organizations to use automation to help them protect their cloud environments. The company has previously explained that their platform makes it possible to fix information security issues at the click of a button while saving time and money.
The Israeli Bridge Crew is exposed and announces a capital raising of $ 18 million
Demisto's success: What made Palo Alto pay more than half a billion dollars?
Nir Tzuk: "Our bank account is inflated, the cloud is a rare opportunity." And what does he think of Check Point?
Palo Alto is expected to integrate the Israeli company's product into its cloud protection service, "Prism". According to the announcement, the founders of Berdychakro and the company's employees will join Palo Alto. The acquisition is expected to close in the third quarter.
Palo Alto, founded in 2006 in the United States by Israeli Nir Tzuk, is traded on the Nasdaq at a value of $ 38 billion, after its share has risen 210% in the past five years. It entered Israel with the acquisition of the startup Cyber ​​in 2014. In 2017, it also acquired the Israeli lightsaber; And in April 2018, it acquired Skado, a company that knows how to continuously monitor information from all the computers in the organization.
In February 2019, Palo Alto acquired startup Demisto - in a huge $ 560 million cash and stock deal. Demisto develops automated tools for managing the security system of organizations. In May of that year, Palo Alto made two acquisitions for a combined $ 470 million. Twistlock, a company that develops cyber protection for containers, was acquired for $ 410 million; And PureSec, which develops a defense product for organizations using non-server computing services, was acquired for $ 60-50 million.