As platform players have a technology to provide deeper expertise in the growth of business areas, more integration in the security industry is in progress. Armis, an expert in the field of cyber exposure management on Thursday, said it will acquire Otorio, an expert who has an industry and physical environment.
The transaction condition is not disclosed, but the source of the transaction is TechCrunch (San Francisco -based, but Israel’s roots are the roots of Israel, and TechCrunch tells TechCrunch that OTORIO’s cash and stocks are paid for $ 120 million. AVIV -based startups raised $ 50 million from a strategic investor in Andritz, an industrial company.
The flagship product of Otorio is called TITAN and will be integrated into Armis’ central. So far, ARMIS’s main focus was to identify and manage the risk of cloud services and the risk of the attack surface. Earlier this year, customers announced a study to block China’s new AI model, DEEPSEEK, and explain why.
Otorio’s technology will sometimes focus on the area that is overlooked, which will complement the industrial machinery and the larger industrial environment. This environment is often thought to be filled with “stupid” physical equipment. However, the machine is gradually being replaced by a more connected model, and it becomes equally vulnerable considering the important characteristics of some industrial infrastructure.
This technology is also a non -industry, but it is very useful for expanding the overall work of ARMIS in other physical environments, but according to the CEO and co -founder YEVGENY DIBROV, it is “very safe.”
“We are adding some very powerful components to the platform to solve more environment, especially on-premises distribution and the air gap environment that requires SASS products.” “Otorio helps this environment to move to the next stage.”
In the case of otorio, this acquisition is an opportunity to expand and go out in a way that can be more difficult as a standalone startup.
Daniel Bren, CEO and co -founder of Otorio, said, “Armis has become a leading supplier of cyber exposure management and has built the best industry cloud SaaS platform in an industry that provides unmatched visibility, security and risk management throughout all industries. “We are happy to join ARMI and use our deep domain operations.”
The last decade has played a big role in early stage cyber security companies. Hundreds of fueled companies that were fueled by increasingly growing threat environments began to innovate in areas where VCS’s funds began with millions of funds and business opportunities. Recently, however, there have been signs that late companies are making a lot of money. Therefore, M & A options are more clear for many small startups.
Companies like Wiz have raised billions of dollars to carry out the acquisition mission, but other people like Armis are also in the frame as a buyer. Otorio is the third argument of Armis and is the third argument for one year. (In April 2024, he acquired silk security for $ 150 million and acquired CTCI for $ 20 million for $ 20 million in February 2024.)
