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Google Buys Israeli Cybersecurity Startup

By  |  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.

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    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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