"Following rumors, Palo Alto Networks' planned acquisition of Koi appears to be a reality. At least, the two parties have announced the intent to come together. It was previously suggested that the acquisition price would be around $400 million, but no amount was mentioned in the announcement. The One-year-old Israeli security company Koi specializes in endpoint security, with 500,000 of these endpoints already being secured by the company's software. This makes it a rapidly growing security player."
"In addition, there is currently a lot of consolidation taking place within the security market. Palo Alto Networks CEO Nikesh Arora also visited Israel last month to meet with CyberArk employees before the $25 billion acquisition is completed. At the same time, he is said to have evaluated local startups for possible deals. Koi appears to have been one of them."
"The damage was surprisingly extensive. Within a week, they had infected more than 300 organizations worldwide, including multi-billion dollar companies, one of the world's largest EDR developers, and a national judicial network. The experiment led to "ExtensionTotal," a tool for detecting risky extensions. This subsequently grew into Koi's broader security platform. The central component of Koi is called"
Palo Alto Networks announced intent to acquire Koi, an Israeli endpoint security startup that already secures 500,000 endpoints. Koi was founded in 2024 by alumni of intelligence unit 8200 and has raised $48 million, including a $38 million Series A. The company originated from an experiment that exposed a VSCode Marketplace vulnerability via a fake theme extension which exfiltrated source code and machine information. The experiment infected over 300 organizations and produced ExtensionTotal, a tool for detecting risky extensions that evolved into Koi's broader security platform. The security market is experiencing consolidation and Palo Alto has evaluated Israeli startups for deals.
Read at Techzine Global
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