March 1, 2017 |US enterprise security company Palo Alto Networks has acquired Israeli cyber security company LightCyber for $105 million in cash and according to Israel’s “Globes,” an additional $25 million in shares. LightCyber has raised $32 million in funding, including $20 million last June. The company has annual revenue of $10 million.
LightCyber has been developing automated behavioral analytics capabilities, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.
This is Palo Alto Networks second Israeli acquisition after buying information security company Cyvera in 2014 for $200 million.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
Israeli AI Safety Tool Among TIME’S Best Inventions For 2024
October 31, 2024
TAU Team Discovers Mechanism To Eliminate Cancerous Tumors
October 30, 2024
Ashdod Port Investing In Startups As Part Of Innovation Strategy
October 29, 2024
BGU Develops Fast Fact Checking Via News Sources Not People
October 28, 2024
Facebook comments