Google acquires Israeli cybersecurity startup Siemplify for $500 mn

Alphabet Inc-owned Google has acquired an Israel-based cybersecurity startup ‘Siemplify’ reportedly for $500 million. This acquisition will expand U.S. tech giant’s security offerings in the country amid rising cyber attacks. The startup will be integrated into Google Cloud Platform, especially its Chronicle operation.

As a part of Google Cloud’s security team, Siemplify will help companies better manage their threat response. This purchase marks fourth acquisition of an Israeli company by Google and its first in the cybersecurity industry outside the US.

Siemplify was founded in 2015 by Amos Stern (CEO), Alon Cohen (CTO) and Garry Fatakhov (COO). It has offices in Tel Aviv and headquarters in New York. Siemplify specializes in end-to-end security services for enterprises, typically referred to as security orchestration, automation and response (SOAR) services.