Google bought this startup cybersecurity company for $500 million, a big step taken to deal with cyber threats
Google bought this startup cybersecurity company for $500 million, a big step taken to deal with cyber threats
Abstract
Google buys a cybersecurity startup: Google has taken a big step toward tackling ever-growing cyber threats. Israeli cybersecurity startup Siemplify has been acquired as part of the company’s efforts to make it easier for security teams.
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Google Cloud, owned by Alphabet Inc. It has taken a major step towards addressing the latest cyber threats. Israeli cybersecurity startup Siemplify has been acquired as part of the company’s efforts to make it easier for security teams.
Terms of the deal have not yet been disclosed
According to a report issued in this regard, neither company has yet disclosed the terms of the deal. However, new reports from Israel-based C-Tech put the purchase price at around $500 million. She told Google that the company has expanded its security in the midst of a rise in cyber-attacks. The Cloud Division has acquired a cybersecurity startup SimpleLife.
The need for cyber security has increased in the era of Corona
Significantly, in the wake of increasing cases of cyber-attacks and data breaches, Google promised US President Joe Biden in August 2021 that the company would invest $10 billion in cybersecurity over the next five years. According to this promise, this step was taken. Since the beginning of Corona, most companies are working from home and a large number of clouds are used. In such a situation, the need to protect against security threats has increased, and also major companies are also focusing on cyber security products.
How does Simplify work?
Amos Stern-led startup Simplify provides security systems, automation and response solutions. According to one report, Simplify has raised $58 million from investors including G20 Ventures and 83North. A statement from Google said the Simplify platform will be integrated into its own cloud and will serve as a foundation for the capabilities it will invest in.
