Mend.io acquires cyber startup Atom Security
Mend.io acquires cyber startup Atom Security
The previously bootstrapped Atom Security was founded earlier this year and the acquisition is valued at several million dollars. This marks Mend's fifth acquisition in the last three years, totaling tens of millions of dollars
Israeli cybersecurity firm Mend.io has acquired Atom Security, an Israeli company specializing in cyber risk assessment. Atom Security was founded earlier this year and the acquisition is valued at several million dollars. This marks Mend's fifth acquisition in the last three years, totaling tens of millions of dollars.
Founded in 2011 as WhiteSource, Mend.io aims to assist developers in managing open-source libraries, mitigating security risks, and addressing open-source license concerns. To date, the company has secured $122 million in funding, including a $75 million Series D in April 2021. Its investors include 83North, Pitango Growth, M12 Fund, and Susquehanna Growth Equity.
Mend.io, with 291 employees, has 200 based in Israel. Atom's co-founders—Ariel Shuper, Amit Chita, and Bar-El Tayouri—will join Mend.io's Cloud Native division.
Developers typically face numerous notifications highlighting weaknesses and vulnerabilities in code for each application. Mend prioritizes these notifications, enabling developers to address critical issues selectively.
A 2023 Symantec report revealed that 74% of attacks on organizations target the application layer. Integrating Atom Security's technology into Mend.io's product line is expected to broaden coverage and decrease the number of irrelevant findings by 60% to 70%.
First published: 15:33, 24.12.23
