Check Point acquires 3 startups for $150 million to bolster cybersecurity

Check Point Software Technologies Ltd. has acquired three venture-backed startups, Cyclops Security, Cyata Security, and Rotate Inc., for approximately $150 million to enhance its cybersecurity capabilities. The company announced these strategic acquisitions alongside its latest earnings report, which saw profit exceed expectations while sales narrowly missed estimates, according to a recent report by Silicon Angle.

The majority of the acquisition funds, $85 million, were allocated to Tel Aviv-based Cyclops Security, which developed a data lake capable of analyzing cybersecurity data from various infrastructure points to identify risks. Cyclops' platform integrates with over 150 third-party products, standardizes data, and uses AI to detect unmanaged assets and vulnerabilities.

Cyata Security's software allows administrators to set guardrails for AI agents, preventing unauthorized actions. Rotate Inc. provides a cybersecurity platform for managed service providers (MSPs), addressing risks like insecure devices and phishing attempts. Check Point aims to expand its MSP market presence with the Rotate acquisition, building on its existing email security tools that generate over $160 million in annualized revenue.

Source: Silicon Angle