Cyber unicorn Aikido acquires Israeli startup Root for $70-$100 million
Summary
Aikido Security is buying Israeli cybersecurity startup Root for an estimated $70 million to $100 million. The deal expands Aikido’s AI security push and will lead to a new development center in Israel that absorbs Root’s employees. Root built an AI platform for securing open-source components and has customers including IBM subsidiary SiXworks, DeleteMe, and Relay Networks. Aikido has been active on the M&A front and already bought several security-focused companies over the past year. The company also raised a $60 million Series B earlier this year and now serves more than 100,000 teams worldwide.
Classifications
industries
Fintech & Banking
applications
Networking and Cloud
AskAI Classifications
Labels
Cybersecurity Software
Application Security
DevSecOps
Linked Companies
Aikido
$1M to $5M