Silverfort acquires Rezonate for several tens of millions to expand cloud security reach
The deal between the two Israeli companies aims to integrate Rezonate’s specialized capabilities into Silverfort’s identity security solutions.
Silverfort, a company specializing in enterprise identity protection, announced on Wednesday the acquisition of Rezonate, an Israeli startup focused on cloud-based identity protection. The value of the deal was not disclosed, but is estimated to be several tens of millions of dollars. All 30 employees from Rezonate will join Silverfort as part of the deal. Rezonate has raised $8.7 million to date.
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Silverfort plans to integrate Rezonate's technology into its existing platform, enhancing its ability to protect all types of user identities and systems within organizations. This includes securing corporate internal networks (On-Prem), cloud identity management systems (Cloud Identity Providers), cloud applications (SaaS), and cloud infrastructure (IaaS).
Rezonate was founded in 2022 by CEO Roy Akerman, former head of Israeli Cyber Defense Operations, and CTO Ori Amiga, who led engineering teams for the Israeli government and a previous founder of an Incident Response (IR) firm.
Rezonate’s Cloud Identity Protection Platform (CIPP) aims to create a unified view across identity and cloud infrastructure providers, giving security and DevOps teams the ability to detect, prioritize, and remediate identity-based threats in real-time. The agentless platform combines continuous identity posture, identity detection and response (ITDR), and operational visibility.
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“After being neglected for years, identity security is becoming the most important element of cybersecurity. We couldn't be more excited to join Silverfort, as our mutual goal is to solve this difficult problem," said Roy Akerman, CEO and Co-Founder of Rezonate. "Silverfort built a powerful and innovative platform, an amazing team and culture, and is on a clear path to market leadership. We can't wait to join Silverfort and grow this platform to its full potential together."
Earlier this year, Silverfort raised $116 million in Series D funding. The company employs approximately 400 people globally, with about half of its workforce based in Israel. Founded in 2016 by Hed Kovetz, Matan Fattal, and Yaron Kassner, Silverfort continues to expand, actively recruiting employees for various roles in Israel as well as over 20 other countries worldwide.
“Both the technology built by the Rezonate team and the people themselves are extremely impressive,” said Hed Kovetz, CEO and Co-Founder of Silverfort. “Rezonate offers the broadest set of cloud identity security capabilities that we have seen from a startup of their size, covering NHI, ISPM, ITDR, entitlements and more across every cloud asset. Rezonate's innovative architecture also enables them to flex and scale to meet every customer's needs, with unmatched speed and simplicity—and customers love them for it. We're excited to join forces with Rezonate to empower every business to defend against the evolving identity threat landscape.”
