January 3, 2024 at 02:55PM
SentinelOne plans to acquire PingSafe in a cash-and-stock deal, expanding its cloud-native application protection platform (CNAPP) capabilities. The financial terms were undisclosed, and the deal is expected to close in the first quarter. PingSafe, with headquarters in the US and India, provides real-time monitoring of multi-cloud workloads and advanced secrets scanning for cloud assets.
The meeting notes outline SentinelOne’s plans to acquire PingSafe in a cash-and-stock deal in order to enhance its product portfolio with cloud native application protection platform (CNAPP) capabilities. The financial terms were not disclosed, and the deal is expected to close in the first quarter. PingSafe, which raised $3.3 million in seed-stage funding, is described as a CNAPP solution that offers real-time monitoring of multi-cloud workloads, simple setup and configuration, and low false positive rates. The acquisition will enable SentinelOne to provide corporate buyers with advanced secrets scanning, attack surface management, cloud security posture management, Kubernetes security posture management, and agentless vulnerability scanning. Additionally, the meeting notes mention SentinelOne’s recent acquisitions of Attivo for $616 million and Scalyr for $155 million.