Palo Alto Networks Pays $560 Million for Information Security Automation Firm Demisto
Israel-based Demisto develops and markets automation tools for information security management; Calcalist first reported Palo Alto was negotiating for the acquisition earlier this month
Demisto was founded in 2015 by four former McAfee executives—Dan Sarel, Slavik Markovich, Guy Rinat, and Rishi Bhargava. In October, Demisto completed a $43 million series C funding round led by Greylock Partners, bringing its total equity funding to $69 million. The company has also received backing from Accel Partners, ClearSky Security, Slack Technologies, Wipro Ventures, Secure Octane, and Cerca Partners.