Google will buy Siemplify for $500 million to launch its cloud business

Modern society has developed technology, security accidents such as cyber attacks and data breaches are also increasing significantly, and technology giants are also strengthening the research and development of network security products, and the demand for protection and prevention of security threats has also surged.

The U.S. Stock Research Agency learned that Sina Technology News On the evening of January 4, Beijing time, it was reported that Google would acquire Israeli cybersecurity startup Siemplify for about $500 million. It is also Google's first acquisition of an Israeli security company.

Founded in 2015 by Amos Stern (CEO), Alon Cohen (Chief Technology Officer) and Garry Fatakhov (Chief Operating Officer), Siemplify is a provider of security coordination, automation and response technologies headquartered in Israel with offices in the United States and London, with approximately 200 employees. After the transaction is completed, Siemplify will be integrated into Google Cloud Platform, and these employees will join Google.

Google will use Siemplify as the foundation of its cybersecurity business in Israel as part of Google's cloud business, and Siemplify's co-founders will remain with the company.

Why did Google choose to buy Siemplify? Probably to expand its security offerings. Last August, Google CEO Sundar Pichai promised U.S. President Joe Biden that the company would invest $10 billion in cybersecurity over the next five years to help secure the software supply chain and strengthen open source security, and pledged to train 100,000 Americans in areas such as IT support and data analytics. That promise includes acquisitions and investments, and Siemplify will be Google's first such acquisition. Last year, Google invested $50 million in Cybereason, another Israeli cybersecurity company.

So far, Siemplify has raised $58 million in four rounds of funding, with Israeli venture capital firm G20 Ventures being the firm's largest shareholder.

According to cnBeta.COM, Siemplify's secure operating platform is designed as an "operating system" for SOCs (Secure Operations Centers). Unlike other SOAR (Security Coordination, Automation, and Response) platforms, Siemplify is designed to manage the entire security operations function from start to finish, with a primary focus on building and automating the rules of the game.

Siemplify's dynamic modeling approach to handling alerts greatly reduces the number of cases that the SOC team has to handle and adds important context that can be missed. Analysts can prioritize threats that may be overlooked, allowing them to conduct a unified investigation of alerts that may come from different security sensors but belong to the same threat.

Google's biggest acquisition in Israel so far was its $1.1 billion acquisition of the mapping app Waze in 2016. In 2019, Google Cloud also acquired Israeli company Elastic for $200 million and Aluma for $100 million.