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Microsoft reportedly acquires Israeli cybersecurity startup Hexadite for $100 million after series A funding

TimeOdd Stories - Hexadite

Microsoft has acquired Israeli cybersecurity startup Hexadite in a deal thought to be worth around $100 million, according to a report (in Hebrew) in local Israeli business publication the Calcalist.

Founded in 2014, Hexadite is perhaps less about preventing cyberattacks than it is about identifying and addressing them swiftly when they occur. Its technology connects to existing cybersecurity detection systems, analyzing threats automatically using artificial intelligence (AI). It accepts alerts from multiple sources, such as Syslog, email, and APIs, and helps in-house cybersecurity teams manage and prioritize multiple potential threats

Hexadite raised a $8 million series A round of funding last year from Hewlett Packard Ventures, Ten Eleven Ventures, and YL Ventures, adding to around $2 million in seed funding.

Microsoft also has a history of snapping up cloud-focused cybersecurity companies. Back in 2015, it bought Israel-based cybersecurity firm Secure Islands, while back in January it invested in Israeli cybersecurity firm Team8. And last month it was reportedly lining up a bid to acquire Israeli cloud monitoring startup Cloudyn for around $60 million.

Microsoft has been doubling down on its cloud efforts since Satya Nadella took over as CEO back in 2014, with “the intelligent cloud platform” one of the company’s key investment areas. Nadella was Microsoft’s former head of cloud and enterprise group before becoming CEO, so it’s perhaps little surprise to see the company focus its efforts on the cloud and cybersecurity

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Written by TimeOdd

TimeOdd is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

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