March 14, 2024 at 10:51AM
Zscaler has acquired Israeli startup Avalor, for a reported $350 million in cash. The deal closed on March 13, 2024. Avalor specializes in risk management platform with Data Fabric for Security. The acquisition will enable Zscaler to provide real-time, AI-driven cybersecurity insights and threat prevention. Avalor emerged from stealth mode in April 2023.
From the provided meeting notes, it can be summarized that Zscaler has acquired Avalor, an Israeli startup, specializing in a risk management platform powered by Data Fabric for Security. The acquisition, closed on March 13, 2024, was primarily a cash deal, with reports suggesting a purchase price of $350 million. Avalor’s platform curates and correlates data across security and business tools for continuous risk management, providing Zscaler with the capability to offer real-time, AI-driven cybersecurity insights and threat prevention. This acquisition aligns with the trend of cybersecurity mergers and acquisitions, with over 400 deals announced in 2023. Additionally, it was noted that Avalor emerged from stealth mode in April 2023 and received significant funding in Series A and seed rounds.
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