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Palo Alto Networks Buys Israeli Co LightCyber For $130m

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Thursday, March 2nd, 2017

Ramat Gan based LightCyber has been developing automated behavioral analytics capabilities, using sophisticated machine learning.

As reported in Globes:

US enterprise security company Palo Alto Networks has acquired Israeli cyber security company LightCyber for $130 million – $105 million cash and sources inform “Globes,” an additional $25 million in shares.

LightCyber has been developing automated behavioral analytics capabilities, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.

LightCyber’s investors include Access Industries, through its Israeli technology investments entity, Claltech, and network security luminary Shlomo Kramer, who joined the LightCyber board of directors last year, Battery Ventures, Glilot Capital Partners and Amplify Partners. With offices in Ramat Gan and the US, LightCyber was founded in 2012 by CPO Giora Engel and CTO Michael Mumcuglu. The company provides Behavioral Attack Detection solutions and its products have been deployed by top-tier customers around the world in industries including the financial, legal, telecom, government, media and technology sectors.

LightCyber enables detection early in the life cycle of a cyber attack. Its solution profiles companies’ internal traffic, differentiating between legitimate and malicious users, and detects suspicious behavior. Such traffic is then tracked back to the end-point where, using agentless end-point analysis and cloud-based threat intelligence, the suspected end-point is inspected to confirm whether it has been breached.

Ransomware criminals are increasingly targeting Australian SMEs, hacking into company infrastructure and extorting payment in exchange for the release of sensitive files.