Israel’s LightCyber Bought For $105M
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.