Tenable in advanced negotiations to acquire cyber startup Eureka
Tenable in advanced negotiations to acquire cyber startup Eureka
The deal is valued at tens of millions of dollars, with the Israeli startup having several offers before ultimately moving forward with Tenable
The American cyber giant Tenable is in advanced negotiations to acquire the Israeli cyber company Eureka, Calcalist has learned. The value of the deal is estimated at several tens of millions of dollars. Calcalist learned that the acquired company negotiated with several companies before eventually choosing Tenable.
Eureka was founded by Liat Hayun (CEO), former VP of product management at Palo Alto Networks, and Asaf Weiss (CTO), former senior director of engineering at Microsoft and Palo Alto Networks. Both are veterans of a technological unit of the Intelligence Corps, graduates of the Talpiot course, and during their military service, they received the Israel Security Award for their work.
Eureka raised $8 million in Seed funding in January 2022. The round was led by YL Ventures with participation from Edna Conway, VP, Security & Risk Officer, Azure Hardware Systems & Infrastructure at Microsoft; David Hannigan, Director of Product Security Assurance at Google Cloud; Andy Ellis, Former CSO at Akamai Technologies; Maarten Van Horenbeeck, CISO at Zendesk; Assaf Rappaport, CEO at Wiz; and Ben Bernstein, Former CEO at Twistlock, acquired by PANW.
Eureka’s DSPM (Data security posture management) solution helps security teams mitigate the risk of data loss and theft in multi-cloud environments by gaining control over their organization’s entire data security posture and compliance. The company’s platform automates the discovery and classification mechanism that is integrated into each of the cloud platforms that organizations use. The data store inventory and contextualization tools and risk monitoring tools mean that Eureka’s solution offers higher security and views of data stores to assess the risks associated with them.
Last September, Tenable purchased Israeli company Ermatic for about $265 million. The Nasdaq traded company also purchased Tel Aviv-based cybersecurity company Indegy for around $100 million in cash in December 2019. It currently employs about 2,000 people worldwide and several dozen in Israel and is traded at a value of $4.9 billion on Nasdaq.
