CrowdStrike acquires browser security company Seraphic

"The core of Seraphic's technology lies in directly securing existing browsers. Instead of forcing organizations to switch to a separate secure browser or heavy infrastructure such as virtual desktop environments and VPNs, Seraphic integrates its security layer directly into the browser that employees already use. This allows companies to benefit from protection and detection without any visible impact on end users."

"This approach positions Seraphic in a competitive market where multiple parties are trying to make the browser a central point of security. While some alternatives work with isolated environments or additional layers that increase management and costs, Seraphic opts for a browser-native approach. According to the company, this lowers the implementation threshold and reduces the operational burden on IT and security teams."

"Ilan Yeshua and Avihay Cohen founded Seraphic in 2020. It quickly grew into a company with more than fifty employees. The startup also managed to convince investors of its vision. In January last year, Seraphic raised $29 million in a financing round, with participation from GreatPoint Ventures and the CrowdStrike Falcon Fund, among others. In total, the financing amounted to approximately $37 million."

CrowdStrike is acquiring Israeli browser security specialist Seraphic Security for approximately $400 million, with the majority of the price likely paid in cash and supplemented by shares; exact terms were not disclosed. Seraphic was founded in 2020 by Ilan Yeshua and Avihay Cohen and grew to more than fifty employees. The startup raised $29 million in a financing round last January, bringing total financing to about $37 million. Seraphic integrates a security layer directly into existing browsers, supporting multiple browsers and connecting to popular SaaS and desktop applications, lowering implementation thresholds and reducing operational burden for IT and security teams. For CrowdStrike, the acquisition aligns with a strategy of linking identity, endpoint, and access.

Read at Techzine Global