Palo Alto to Acquire Israeli Startup in Software Supply Chain

Palo Alto

The Israeli startup Cider Security will be added to the Prisma Cloud platform by cybersecurity juggernaut Palo Alto Networks, which on Thursday revealed plans to buy it for USD 195 million in cash. According to Palo Alto Networks, the deal will help them achieve their goal of having Prisma Cloud offer the most complete supply chain security solution in the market as a component of their code-to-cloud security platform.

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The deal comes less than a year after Cider Security’s public debut with USD 38 million in venture capital financing, a young startup with roots in Tel Aviv. Tiger Global Management, Glilot Capital Partners, and Glilot’s early growth fund, Glilot+, all provided funding for Cider Security.

The company’s technology offered security teams the ability to orchestrate and implement end-to-end CI/CD security with a variety of tools.

Read More: Palo Alto to Acquire Israeli Software Supply Chain Startup

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