Google acquires Israeli cybersecurity startup Siemplify for $500 million

Daily Current Affairs / Google acquires Israeli cybersecurity startup Siemplify for $500 million

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Category : Science and Tech Published on: January 08 2022

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Alphabet Inc-owned, Google has acquired Israeli cybersecurity startup Siemplify, in a deal worth $500 million.
This acquisition will expand the U.S. tech giant’s security offerings in the country amid rising cyber-attacks.
Siemplify will be integrated into Google Cloud’s Chronicle operation.
As a part of Google Cloud’s security team, Siemplify will help companies better manage their threat response.
Siemplify was founded in 2015 by Amos Stern (CEO), Alon Cohen (CTO), and Garry Fatakhov (COO). It has offices in Tel Aviv and headquarters in New York.
Siemplify specializes in end-to-end security services for enterprises, typically referred to as security orchestration, automation, and response (SOAR) services.