Google, which is owned by Alphabet Inc., announced on Tuesday that its cloud division has acquired Israeli cybersecurity startup Siemplify as the US tech giant expands its security offering in the face of increasing cyberattacks.

Financial details of the transaction were not disclosed by the companies, but a source familiar with the matter said Google paid approximately $ 500 million in cash for Siemplify.

The deal came about after Google promised US President Joe Biden last August that it would invest $ 10 billion in cybersecurity over the next five years, while cyber attacks and data breaches increased significantly.

Siemplify, led by co-founder and CEO Amos Stern, offers security orchestration, automation and response solutions. It has raised $ 58 million from investors like G20 Ventures and 83North.

Through a partnership with Google Cloud, Siemplify aroused the buyer’s interest as it was in the process of starting a new round of private …


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