Aqua Security acquires Argon to protect the software supply chain
Summary
Founded in 2020, Tel Aviv, Israel-based Argon had raised $4 million in funding and will bring 30 employees and several dozen customers, in addition to its technology for app development security. Discovered roughly a year ago, the attack involved malicious code that was inserted into the widely used SolarWinds Orion network monitoring software, then unknowingly distributed to customers including numerous federal agencies. Other recent software supply chain incidents have included a breach that affected developer tool Codecov, discovered in April. The vendor has seen “high double-digit” revenue and customer growth for its CNAPP so far this year, said Rani Osnat, senior vice president of strategy at the company, in a recent interview with VentureBeat. In March, Aqua Security raised $135 million in series E funding, led by ION Crossover Partners, at a $1 billion valuation.
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