CrowdStrike To Acquire Bionic To Boost Cloud-Native App Security
Summary
The cybersecurity giant said it has reached an agreement — previously reported to be under negotiation by TechCrunch — to acquire Bionic and incorporate the startup’s capabilities into its cloud-native application protection platform (CNAPP). Terms of the deal were not disclosed, but the acquisition of Bionic is expected to come with a price tag of $350 million, according to multiple reports. In August, CrowdStrike disclosed that its annual recurring revenue for cloud security had reached $296 million, a 70-percent spike from a year ago. What Bionic provides is a complete architecture overview along with data flow diagrams and a software bill of materials (SBOM), linking vulnerabilities to specific components, he said. Bionic stands out from many existing security tools, which focus on scanning code repositories to spot vulnerabilities without fully understanding the context of the app, he said.