Fortinet acquires Israeli cyber startup Suridata for tens of millions to boost SaaS protection
Suridata raised around $14 million and built an AI-powered platform to protect SaaS apps.
American cybersecurity giant Fortinet has acquired Israeli SaaS security startup Suridata, the company announced in a blog post. While financial terms were not disclosed, the deal is estimated to be worth tens of millions of dollars.
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Suridata, founded in 2019 by Lee Kappon Yagoda (CEO), Haviv Ohayon (CPO), specializes in SaaS Security Posture Management (SSPM). Its technology helps organizations monitor, assess, and remediate risks across their cloud-based applications. To date, the company has raised approximately $14 million in two funding rounds, the most recent in 2022. Investors include New Era Capital Partners and SixThirty Ventures, as well as international and local angel investors.
According to Fortinet’s announcement, the acquisition is intended to strengthen its Unified SASE (Secure Access Service Edge) offerings. Suridata’s SSPM capabilities will be integrated to enhance visibility and control over SaaS environments, often a weak spot in enterprise security strategies.
“Modern security architecture demands interconnected protection across users, apps, and identities - no matter where they reside,” Fortinet wrote in its blog post. “SSPM is not an add-on. It’s a necessary control plane that ensures SASE and CASB solutions can operate effectively in today’s SaaS-first world. Suridata brings a leading SSPM solution to enhance Fortinet’s Unified SASE security platform and CASB capabilities.”
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Suridata’s platform uses machine learning and natural language processing to identify sensitive information, analyze user behavior, detect misconfigurations, and provide automated remediation recommendations. These tools are increasingly vital as companies adopt large numbers of SaaS platforms across departments, often without centralized oversight.
The acquisition of Suridata follows other Fortinet deals in Israel, including the purchases of Perception Point for around $100 million last December, and EnSilo in 2019.
