Palo Alto Networks has recently snapped up a startup, Bridgecrew, introducing a cloud security platform for the developers. This is the latest addition to its $3.4 billion-a-year company product portfolio.
The deal is valued at $156 million that is expected to close in 3Q21. Even Bridgecrew secured around $18 million over two financing rounds in the past years.
In fact, this agreement is part of the cyber-security firm’s strategy to spend more to buy the early-stage companies associated with cloud security and DevOps workflow. Previously, Palo Alto Networks had a $420 million purchase of CloudGenix as well as another $173 million deal while buying Redlock.