January 9, 2024
1 min read

SentinelOne Acquires PingSafe

A report in TechCrunch, citing sources, has now pegged the acquisition value at $100 million….reports Asian Lite News

AI-powered cybersecurity company SentinelOne has acquired Bengaluru-based security startup Pingsafe for more than $100 million, the media reported on Monday.

Peak XV-based PingSafe, a leader in Cloud Native Application Protection Platforms (CNAPP), was acquired by US-based SentinelOne last week but financials were not disclosed.

A report in TechCrunch, citing sources, has now pegged the acquisition value at $100 million.

Founded in 2021, PingSafe has around 100 employees and more than 50 customers, mostly in India.

Rajan Anandan, who leads Surge at Peak XV, had posted on X that PingSafe is “among the fastest ‘seed to significant exits’ Indian ecosystem has ever seen”.

Anand Prakash, founder and CEO of PingSafe and one of the world’s top five white hat hackers, had said that “the combination of our cutting-edge CNAPP capabilities with SentinelOne’s market-leading AI security platform will supercharge cloud security by providing world-class protection for multi-cloud infrastructure, from development to deployment.”

PingSafe is a robust CNAPP solution that delivers dynamic, real-time monitoring of multi-cloud workloads, simple setup and configuration and low false positive rates.

“With PingSafe, we can cut through the noise delivered by many CNAPP solutions to identify and prioritise the most critical threats and take an offensive approach to preventing them before they impact our business,” said Ashwath Kumar, Principal Security Engineer at Razorpay, one of the largest payment processors in India.

Prajal Kulkarni, CISO at Groww, said that they must be able to quickly identify, prioritise and respond to cloud misconfiguration seamlessly and correlate issues across our large cloud environment, and “PingSafe provides us with a centralised dashboard that makes this easy and cost-effective to do.”

ALSO READ: TN Secures Investment Commitments of Rs. 6.64 Lakh Crore

Previous Story

Google Unveils 2nd Cohort for GNI Startups Lab

Next Story

Beyond History: Voices and Visions at Ivy Lodge

Latest from Business

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding
Go toTop

Don't Miss

India presents itself as resilient economy at WEF

India’s focus areas at WEF this year are investment opportunities,

India can become defence exporter, says Rajnath

He was addressing the Society of Indian Defence Manufacturers (SIDM)