Bionic co-founders Idan Ninyo and Eyal Mamo. (Photo Jonathan Blum – from Facebook)
Bionic.Ai, an Israeli startup that offers a platform to help organizations operate and protect applications, is set to be bought out by the American cybersecurity giant CrowdStrike. While the details of the deal have not yet been revealed, Calcalist reported that it could be for as much as $350 million.
Bionic has raised $83 million to date, including $65 million in a Series B funding round in March 2022.
Founded in 2011 and with a market cap of almost $40 billion, CrowdStrike cyber security boasts that it has redefined modern security with one of the world’s “most advanced cloud-native platforms for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.”
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Powered by the CrowdStrike Security Cloud, the CrowdStrike Falcon platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.
Founded in 2019 by CEO Idan Ninyo (a graduate of the IDF’s Unit 81 specializing in tech) and CTO Eyal Mamo, (a graduate of the IDF’s vaunted high tech Unit 8200) Bionic is an Application Security Posture Management (ASPM) platform that can proactively reduce and mitigate security, data privacy, and operational risks by continuously analyzing an entire application architecture and all its dependencies that run in production. Unlike cloud security posture offerings, Bionic provides visibility into the application layer to help organizations manage the security posture of applications in production.
Bionic explains that Application Security Posture Management (ASPM) is a complete and total understanding of the application architecture based on the application code—not based on monitoring traffic or interaction of the cloud infrastructure.
Application Security Posture Management (ASPM) is a holistic approach to application security (AppSec) that provides a single source of truth to identify, correlate, and prioritize security vulnerabilities across the software development life cycle (SDLC), from development to deployment. ASPM solutions correlate and analyze data from a variety of sources to simplify issue interpretation, triage, and remediation. They also administer and orchestrate security tools to implement security policies.
ASPM is important because applications are the lifeblood of most organizations, and they are increasingly being targeted by attackers. ASPM helps organizations to improve their security posture by providing visibility into their application security risks and automating the remediation process.
ASPM provides a single source of truth for application security vulnerabilities, giving organizations a holistic view of their security posture and also helps organizations to identify and prioritize security vulnerabilities, so they can remediate the most critical risks first.
It improves efficiency by automating many of the tasks involved in application security, such as vulnerability scanning and remediation, freeing up security teams to focus on more strategic initiatives. And ASPM can help organizations to comply with industry regulations and standards, such as PCI DSS and HIPAA.
Once data has been collected, ASPM solutions correlate and analyze the data to identify and prioritize security vulnerabilities. ASPM solutions can also automate the remediation process by notifying developers of vulnerabilities and providing them with tools to fix them.
ASPM is a valuable tool for any organization that develops and deploys applications. It is especially important for organizations that have a large number of applications or that operate in highly regulated industries.
Bionic boasts that its tech allows teams to automate the way they detect and prioritize risk, with complete transparency into what applications are doing in any environment, at any time. With offices in both Palo Alto, California, and Tel Aviv, the firm now employs about 100 people.
