Google acquiring cybersecurity startup Siemplify for $500 million
The Israeli company will form the basis for Google’s cyber operations in the country and will be part of the tech giant’s cloud activity
Meir Orbach | 13:29 04.01.2022
Google is acquiring Israeli cybersecurity startup Siemplify, Calcalist has learned. The price of the acquisition is estimated to be $500 million and will mark the first time the tech giant is buying an Israeli company active in the cybersecurity sector. Siemplify employs 200 people in Israel, the U.S., and London, who will join Google following the acquisition. Google will use Siemplify to form the basis for its cybersecurity operations in Israel which will be part of the corporation’s cloud activity. Siemplify’s co-founders will continue at the company. Google CEO Sundar Pichai promised U.S. President Joe Biden in August 2021 that the company will invest $10 billion in cybersecurity over the next five years. Google’s plans include expanding zero-trust programs, helping secure the software supply chain, and enhancing open-source security. The company pledged to train 100,000 Americans in fields like IT Support and Data Analytics, learning in-demand skills including data privacy and security. This pledge will include making acquisitions and investments, with Siemplify becoming Google’s first such purchase having already invested $50 million in another Israeli cybersecurity company, Cybereason, last year.