Israeli Cybersecurity Startup Talon Acquired For At Least $600M

Israeli cybersecurity startup Talon Cyber Security, which provides secure browsers for enterprises, has just been bought by Palo Alto Networks, a leading firm in the same field. 

The sale was worth at least $600 million, according to various sources. 

The agreement marks the California-based company’s second acquisition of an Israeli startup in less than a week, despite the country’s ongoing war with Hamas in the Gaza Strip. 

Just a few days ago, it acquired Dig Security, developer of a solution that helps discover, classify and protect enterprise cloud data, in a deal reportedly valued between $300-$400 million.

Talon has developed a browsing platform that lets large organizations run all of their web apps and services securely and protects them against cyber threats and malicious attacks.

The Tel-Aviv based startup was founded in 2021 by CEO Ofer Ben-Noon, who previously established and sold cybersecurity company Argus to German automotive giant Continental AG in 2017 for approximately $350 million. CTO Ohad Bobrov, the startup’s other co-founder, previously founded cyber firm Lacoon Security, which was sold to Check Point in 2015 for approximately $100 million. 

“By teaming up with Palo Alto Networks after closing, we will move forward with the powerful joint vision of helping leading organizations secure any user, in any location, on any device, all while delivering exceptional user experiences,” said Ben Noon.

Lee Klarich, Chief Product Officer at Palo Alto, said: “Today’s announcement underscores our continued belief in the strength of the Israeli cybersecurity ecosystem and our commitment to our growing team in Israel.”