SAN MATEO, CA, January 10, 2024 - SentinelOne, a leading endpoint security company, today announced that it has entered into an agreement to acquire Indian cybersecurity startup PingSafe for $100 million.The transaction will strengthen SentinelOne's global market share and product portfolio and provide its customers with more comprehensive The deal will strengthen SentinelOne's global market share and product portfolio and provide its customers with more comprehensive cybersecurity solutions.
PingSafe is a leading cloud-native cybersecurity company specializing in cloud security, application security and data security. The company's solutions use artificial intelligence and machine learning to automatically detect and block cyber threats.
"We are pleased to welcome PingSafe to the SentinelOne family," said Tomer Weingarten, CEO of SentinelOne. "PingSafe's technology and talent are a perfect fit with our own and will enable us to provide our customers with even stronger cybersecurity solutions."
"We are excited to join SentinelOne," said Abhishek Singh, CEO of PingSafe. "SentinelOne is an innovation leader, and we believe their platform will accelerate our impact on customers."
The transaction is expected to close in the second quarter of 2024, subject to regulatory approvals.
Congratulations to the founder of PingSafe and his team for this incredible achievement! Hackers are changing the cybersecurity industry every day. Thanks for the incredible effort it takes to innovate and push the industry forward in this way.