Tenable acquires Israeli cyber startup Eureka for tens of millions of dollars
Tenable acquires Israeli cyber startup Eureka for tens of millions of dollars
Eureka had several offers before closing a deal with the American cyber giant
American cyber giant Tenable announced on Thursday the acquisition of Israeli cyber company Eureka. Calcalist first revealed the negotiations earlier this week. The companies did not disclose the value of the deal, but it 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, which employs around 30 people, 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.
Tenable said that by adding DSPM capabilities to its CNAPP solution, it will be able to help customers identify key evidence related to cloud data risk, including where sensitive data resides in the cloud, who has access to that data and the severity of the risk posed by potential data compromise.
“Eureka Security’s technology will enable Tenable to provide even better prioritization of cloud risks and identify toxic combinations beyond vulnerabilities, misconfigurations and over-privileged access to include data at risk as well,” said Shai Morag, senior vice president and general manager of Cloud Security, Tenable. “This is another example of how we’re pushing the envelope in cloud security innovation for customers and leading the market forward by developing best-in-class capabilities.”
“Eureka Security's data-centric approach provides the visibility, control and automation needed to navigate the dynamic cloud landscape while ensuring the highest level of security and compliance,” said Liat Hayun, co-founder and CEO, Eureka Security. “We're excited to join Tenable. Integrating our capabilities into Tenable’s CNAPP offering creates a compelling capability for customers. Tenable also brings an expansive customer base, and strong go-to-market capabilities. We couldn't have found a better match to help us expand our mission to reduce cloud data risk globally.”
