Cloudy Security behemoth Zscaler has snapped up the hotshot start-up Avalor, and they’re not shy about their grand plans to revolutionise AI in cybersecurity.
The bigwigs are keeping schtum on the exact figures, but whispers on the grapevine peg the deal at a cool £200 to £280 million. The tech town’s been buzzing since January about this match made in cyber heaven, and it’s all done and dusted as of March 13.
Zscaler boss Jay Chaudhry said that AI is only top-notch if the data’s up to snuff and he had the world’s biggest security cloud, and with Avalor’s tech, it will spot the cyber nasties before they even think about causing trouble.
Zscaler’s already a giant with 6,000 people and rakes in more than £1.6 billion annually. Avalor, the new kid on the block from Israel, came out swinging last April with a hefty £24 million in their kitty from some serious backers.
Zscaler’s beefing up its Zero Trust Exchange with Avalor’s Data Fabric for Security—providing 150+ integrations for sniffing out cyber weak spots and making things run smoother.
Avalor’s boss, Raanan Raz, reckons they’re now the top dogs in vulnerability management and data security.
“We’ve got the first Data Fabric for Security that makes sense of all the jumbled security data; mix that with Zscaler’s treasure trove of data, and our Unified Vulnerability Management is set to go stratospheric.”
Earlier this year, Zscaler got its paws on Canonic, another start-up which guards cloud-based apps.
