US startup StackPath has acquired Tel Aviv based security startup Fireblade. Although no financial details were disclosed Israeli media estimate that the acquisition was between $10-$20 million in shares.
Fireblade is an SaaS company that provides website security in the cloud through an innovative behavioral approach to website security, shifting from traditional, costly and obsolete web application firewalls to a modern dynamic approach that relies on users’ behaviors and reputations, rather than signatures. The company was founded in 2008 as SiteBlackBox in Tel Aviv’s TheTime incubator by CEO Shay Rapaport and CTO Erez Arazia befoere changing its name to Fireblade in 2011.
Very little is known about StackPath, a Dallas, Texas based SaaS web security company, which came out of stealth yesterday with a reported investment of $180 million. On launching yesterday, the company announced four acquisitions including Fireblade.