Cybersecurity firm Palo Alto Networks (Nasdaq: PANW) has entered right into a definitive settlement to accumulate AI cybersecurity firm Defend AI. “Globes” was the primary to report earlier this month that Palo Alto Networks, based by CTO Nir Zuk, was set to purchase the US firm for an estimated $650-700 million.
Palo Alto Networks stated that this strategic acquisition is a dedication to remaining on the forefront of next-generation cybersecurity innovation, and increasing its capabilities to guard the dynamic new assault floor created by the explosion of AI.
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Defend AI, a US cybersecurity firm based by native entrepreneurs, however with a number of Israelis concerned – together with Shlomo Kramer, a serial cybersecurity investor as an angel investor, and Israeli BigID CEO Dmitri Sirota as a former advisor and seed investor within the firm’s first financing spherical in 2022. Defend AI’s buyers embrace a number of distinguished funds with Israeli companions in senior positions – Evolution Companions, whose companions embrace Yuval Ben-Itzhak and Advisors 01, whose companions embrace David Fischer, the son of former Financial institution of Israel Governor Stanley Fischer.
Palo Alto Networks SVP and GM Anand Oswal stated, “As AI-powered purposes change into core to companies, they create dangers conventional safety instruments cannot adequately deal with. By extending our AI safety capabilities to incorporate Defend AI’s revolutionary options for Securing for AI, companies will have the ability to construct AI purposes with complete safety. With the addition of Defend AI’s present portfolio of options and crew of specialists, Palo Alto Networks can be well-positioned to supply a variety of options for purchasers’ present wants, and likewise have the ability to proceed innovating on delivering new options which can be wanted for this dynamic risk panorama.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 28, 2025.
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