Avalor co-founders, CTO Kfir Tishbi (left) and CEO Raanan Raz (right)
Avalor, an Israeli cybersecurity startup, is being bought out by American cybersecurity giant Zscaler for $350 million.
Cybersecurity is more important than ever, which is why they are really bringing in the money these days. And investors certainly have reason to believe that cybersecurity will bring them their best return on investment when it comes to Israeli firms. Security is almost synonymous with Israel Startup Nation. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems. In recent months two different Israeli companies were ransomware attacks by the Black Shadow hackers.
Zscaler, which boasts that its tech accelerates digital transformation so customers can be “more agile, efficient, resilient, and secure,” is high on Israeli firms. Avalor is the third Israeli company Zscaler has acquired in the past few years.
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The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SSE-based Zero Trust Exchange™ is the world’s largest in-line cloud security platform.
In 2021, Zscaler bought Israeli cybersecurity firm Trustdome, which innovates in Cloud Infrastructure Entitlement Management (CIEM). And a little over one year ago it bought out Canonic Security, an Israeli startup that offers a SaaS application security platform.
Avalor calls itself the Data Fabric for Security, helping teams make “faster, more accurate decisions by making sense of their data. Decisions can now be made with real-time access to complete, accurate, and precise information from any source in any format.” The company was co-founded by Raanan Raz and Kfir Tishbi. Prior to Avalor, Raz led the engineering at Dataroma, building the data platform of what became the Salesforce Marketing Cloud Intelligence platform. Dataroma was acquired by Salesforce for $820M in 2018. Tishbi, built high performance computing solutions at CitiBank, was a founding member of the AI lab at Playtika, and later joined Datorama to oversee all big data initiatives.
“We have long understood that being able to make sense of all the disparate security data sources in an organization is essential to understanding and improving risk posture, that’s why we delivered the industry’s first Data Fabric for Security to provide that aggregated platform,” said Raanan Raz, co-founder and CEO, Avalor. “The first application running on our Data Fabric is our Unified Vulnerability Management (UVM) module. By combining the Zscaler proprietary data sets with the 150 third-party sources Avalor supports, we will be in a prime position to enhance our UVM capabilities and create new applications with additional cyber protection insights.”
