Cybersecurity. Google has made several acquisitions in Israel. Siemplify… – IsraelValley

Google has made several acquisitions in Israel, the most emblematic of which was that of Waze in 2013 for more than a billion dollars. It is now the turn of Siemplify for an amount of 500 million dollars.

2021 has been rich in cyberattacks and Google is starting 2022 with an acquisition to guard against them. The North American giant has announced the acquisition of the Israeli start-up Siemplify, which specializes in SOAR (Security Orchestration, Automation & Response) services for businesses. According to sources familiar with the matter cited by TechCrunchthe amount of the transaction amounts to 500 million dollars.

Founded in 2015 by Alon Cohen, Amos Stern and Garry Fatakhov, this company has raised $58 million since its inception. According to TechCrunch, Israeli cybersecurity start-ups raised $8.8 billion in 2021, three times more than in 2020 ($2.8 billion). Backed by investors such as Greylock, 83North and G20 Ventures, Siemplify has 200 employees and offices in Israel, the US and the UK. Its headquarters are now located in New York, but the R&D center has remained in Israel, a country where Google has made several acquisitions, the most emblematic of which is that of Waze in 2013 for more than 1 billion dollars.

An acquisition to strengthen Chronicle

The acquisition of Siemplify will allow Google to strengthen its Chronicle cybersecurity division. The latter was born in 2018 after two years in the making within Google X. When it was created, it was about “build a cybersecurity platform that can help organizations better manage and understand their own data”. The ambitions of the Californian firm for this subsidiary were great, the objective being to “10x the speed and efficiency of the work of security teams by making it much easier, faster and more affordable to collect and analyze security signals that were previously too difficult or expensive to find”.

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