SAN JOSE, Calif. (Diya TV) — Zscaler, a leading cloud security company based in San Jose, California, has announced its acquisition of cybersecurity startup Avalor, just 26 months after its founding. The deal, reportedly valued at $350 million, marks Zscaler’s latest strategic move to enhance its capabilities in the rapidly evolving cybersecurity landscape.
According to a press release by Zscaler founder and CEO Jay Chaudhry, the acquisition will bolster Zscaler’s platform with advanced capabilities, including streamlined reporting of security incidents, incident mitigation, asset discovery, data classification, and security policy generation. Chaudhry emphasized the importance of leveraging AI-driven solutions to identify vulnerabilities and predict and prevent breaches effectively.
Avalor, co-founded by Raanan Raz and Kfir Tishbi, has developed a Data Fabric for Security that aggregates, normalizes, and unifies data across enterprise security and business systems. This innovative approach allows security teams to gain actionable insights and operational efficiencies by tracking risk data from discovery to remediation.
The acquisition comes at a time when the cybersecurity industry is witnessing a surge in AI-led threats, driving the need for organizations to harness their security data on a massive scale. By integrating Avalor’s technology into its Zero Trust Exchange platform, Zscaler aims to provide customers with enhanced AI-driven analytics and decision-making capabilities in real-time.
Raanan Raz, CEO and co-founder of Avalor, expressed enthusiasm about joining forces with Zscaler, citing the company’s extensive resources and global reach as key factors in accelerating Avalor’s growth trajectory. The acquisition underscores Zscaler’s commitment to innovation and its dedication to addressing the evolving needs of its customers.
Zscaler’s acquisition of Avalor is part of a broader trend in the cybersecurity industry, characterized by increased M&A activity aimed at strengthening capabilities and expanding market presence. With cybersecurity threats on the rise, organizations are prioritizing investments in advanced technologies to safeguard their digital assets and mitigate risks effectively.
