Google acquires Israeli cybersecurity startup Siemplify for $500 million

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.
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