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Google Buys Israeli Cybersecurity Startup

 |  January 5, 2022

Google announced its cloud division had acquired Israeli cybersecurity startup Siemplify, as the US tech giant expands its security offerings amid rising cyber attacks, reported Reuters.

Financial details of the deal were not disclosed by the companies, but a source familiar with the matter said Google paid about US$500 million in cash for Siemplify.

The deal came after Google made a pledge to US President Joe Biden last August to invest US$10 billion in cybersecurity over the next five years, amid a significant rise in cyber attacks and data breaches.

Siemplify, led by co-founder and chief executive Amos Stern, provides security orchestration, automation and response solutions. It has raised US$58 million from investors including G20 Ventures and 83North.

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