Microsoft has acquired Identity and Access Management (IAM) startup CloudKnox Security, the tech giant’s fourth cybersecurity acquisition this year.
The deal, the terms of which have not been disclosed, is Microsoft’s latest cybersecurity acquisition, which just announced last week that it is buying threat intelligence startup RiskIQ. The company recently also acquired IoT security startups CyberX and Refirm Labs to strengthen its security portfolio. Security is big business for Microsoft, generating more than $ 10 billion in security-related revenues in 2020 – up 40% year over year.
CloudKnox, which was founded in 2015 and emerged from stealth two years later, helps organizations enforce the principles of least privilege to reduce risk and prevent security breaches. The startup raised $ 22.8 million prior to the takeover, backed by ClearSky, Sorenson Ventures, Dell Technologies Capital, and Foundation Capital.