Amazon

Will Amazon Buy Cybersecurity Firm Sqrrl?

Rumors are swirling that Amazon is looking to up the level of its cybersecurity game with an acquisition. Axios is reporting that Amazon is in late-stage acquisition talks with Massachusetts-based Sqrrl — a cybersecurity startup with an impressive pedigree.

Both of Sqrrl’s founders are NSA alumni — the service the firm offers analyzes big data streams to hunt down cyberthreats and expose them more rapidly.  The firm has brought in around $30 million in venture funding with investments from Accomplice, Matrix Partners, Rally Ventures and Spring Lake Equity Partners.

The rumored buy price will be in the neighborhood of $40 million, according to reports.

Neither the Cambridge, MA-based startup nor Amazon have responded to media requests for comment.

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