Google will now integrate Siemplify into its cloud offering. According to Reuters, it is the first Israeli cybersecurity company to acquire it.
Google pays half a billion dollars for security guard Siemplify
The acquisition is confirmed by both parties but without financial details. Sources tell Reuters that Google will pay $500 million for the company.
Siemplify offers a cloud-based platform for managing security operations and orchestration. The company is led by co-founder Amos Stern and has previously raised $58 million from G20 Ventures and 83North, among others.
The company already had a partnership with Google Cloud. However, through the acquisition, it will now be fully integrated into Google Cloud, becoming a foundation for new cybersecurity features.