Microsoft in Negotiations to Acquire Israeli Cybersecurity Company CyberX
Estimated $170 million deal is set to be completed in June
Meir Orbach | 21:30 05.05.2020
Microsoft is in talks to acquire Israeli cybersecurity company CyberX Inc. for an estimated $170 million. The company has raised a total of $48 million to date from investors such as Northwestern Venture Partners, which led their last round in March, and Glilot Capital Partners, Flint Capital, and OurCrowd. Microsoft is expected to invest tens of millions of dollars more in CyberX’s employees. Microsoft is very active in the cybersecurity field. The head of the company's development center in Israel, Michal Braverman-Blumenstyk previously ran Microsoft’s cybersecurity center. Last year, Braverman-Blumenstyk unveiled to Calcalist a new security solution that protects cloud-linked devices. It is believed CyberX will cooperate with the division overseeing its development at Microsoft. The acquisition deal is expected to be signed in June.
There are a large number of Israeli companies active in CyberX’s field including Team8's Claroty and Daniel Bern's Otorio. At the end of last year, Indegy Ltd., which also operates in the field, was sold to Tenable for $78 million.