SentinelOne, a US-based AI-powered cybersecurity company, has announced the acquisition of Indian cybersecurity startup PingSafe in a cash and stock deal valued at over $100 million. The financial terms of the acquisition have not been disclosed.
Founded in 2021 by Anand Prakash and Nishant Mittal, PingSafe emerged from stealth mode in July last year. The startup, which secured $3.3 million in a seed funding round led by Peak XV Partners and its accelerator program Surge, offers a cutting-edge cloud security platform. This platform is based on attackers’ intelligence and provides immediate defense against cyberattacks, offering unbounded visibility, leading detection, and autonomous response. Enterprises leverage the cloud security platform to prevent, detect, and respond to cyber threats.
The acquisition of the indian startup’s cloud-native application protection platform (CNAPP) is expected to complement SentinelOne’s existing cloud workload security and cloud data security capabilities. This integration will provide companies with a fully integrated platform for improved coverage, hygiene, and automation across their entire cloud footprint.
Anand Prakash’s Vision for Cloud Security
Anand Prakash, founder and chief executive of the Indian Cybersecurity Startup, and one of the world’s top five white hat hackers, expressed excitement about joining forces with SentinelOne. He stated, “The combination of our cutting-edge CNAPP capabilities with the US based market-leading AI security platform will supercharge cloud security by providing world-class protection for multi-cloud infrastructure, from development to deployment.”
A Strategic Move in AI Cybersecurity
The acquisition marks a strategic expansion in the AI cybersecurity domain, enhancing its capabilities to protect multi-cloud infrastructure and reinforcing its position as a leader in AI-powered security.