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Palo Alto Networks intends to buy startup Talon Cyber
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +1 min
Nov 6 - Palo Alto Networks (PANW.O) said on Monday it intends to buy Israeli startup Talon Cyber Security, as it looks to beef up its cyber security offering to enterprises. Founded in 2021, Talon provides secure browser and security tools to manage access to client servers from third-party and personal devices. The acquisition proposal follows a series of investments by Palo Alto in Israeli firms, which includes various buyouts of local companies since 2012. Most recently, it agreed to acquire Israeli cloud security startup Dig Security for an undisclosed amount. Talon's CEO Ofer Ben-Noon described Palo Alto as an "ideal partner," according to the press release.
Persons: Ofer Ben, Talon, George Kurtz, Arsheeya, Shweta Agarwal Organizations: Palo Alto Networks, Talon, Palo Alto, Security, Evolution Equity Partners, Thomson Locations: Alto, Tel Aviv, Bengaluru
Quantexa, a data intelligence startup, has become a unicorn following its latest funding round. The London-based company has raised $129 million in a round led by GIC. The startup positions itself as a "decision-making" platform that provides companies with the best data available to help reduce costs and optimize growth. The new investment values the business at $1.9 billion, bringing Quantexa's total funds raised to $370 million. The company had seen a lot of inbound interest from investors leading into this funding round, Marria added.
Despite the crypto winter and a funding slowdown, several VCs remain interested in Web3 security. Like in most other areas of the market, venture funding for cybersecurity has dropped this year. These are prime areas, in his view, for security startups to step in. In September, Solidus Labs made Insider's list of the most promising crypto startups of 2022. Crypto security, according to Seewald, is not so different from security for other tech applications.
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