US-based firm SentinelOne acquires Bengaluru cybersecurity startup PingSafe
SentinelOne on Wednesday announced that it had agreed to acquire Bengaluru-based cybersecurity startup PingSafe for an undisclosed amount.
The Mountain View-headquartered company in a statement said it will acquire PingSafe for a combination of cash and stock and that the acquisition is expected to conclude in SentinelOne’s first quarter of fiscal year 2025, subject to any applicable regulatory approvals and customary closing conditions.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitFounded in 2021 by ethical hackers Anand Prakash, the CEO, and CTO Nishant Mittal, the startup emerged from stealth mode in July last year when it announced it has raised $3.3 million in a seed funding round led by venture capital firm PeakXV Partners’s startup accelerator programme Surge.
Peak XV Partners managing director Rajan Anandan said on microblogging site X (formerly Twitter) that the acquisition was among the fastest ‘seed to significant exits’ the Indian ecosystem has ever seen.
Prakash took to X on Thursday, saying, “This isn’t just an acquisition; it’s a fusion of innovation and shared visions, and a commitment to fortify the digital world we navigate every day.”
PingSafe provides a next-generation cloud security platform based on attackers’ intelligence. SentinelOne plans to integrate the startup’s cloud native application protection platform (CNAPP) into its Singularity platform, it said, adding the integration would lead to a ‘paradigm shift’ in cloud security.
“The
