"Many media outlets have picked up on CTech's report. Neither party has denied the report at this time, but similar reports about Cisco's potential acquisition of Axonius were denied. CTech (CalcalisTech) has also frequently reported on potential deals that ultimately did not materialize (see Palo Alto Networks' alleged acquisition of SentinelOne). It therefore seems that those involved are keen to share information with this tech site at an early stage, which often has financial consequences for listed companies."
"The one-year-old company specializes in endpoint security and already protects more than 500,000 endpoints worldwide. Palo Alto Networks and Koi have not responded to CTech's report. Koi is 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 purchase is finalized. At the same time, he is said to have evaluated local startups for potential deals. For the investors and founders, it would be a rapid success story. Koi was only founded in 2024 by alumni of the Israeli intelligence service Unit 8200: Amit Assaraf (CEO), Idan Dardikman (CTO), and Itay Kruk (CPO). The company has raised only $48 million to date, mainly through a $38 million Series A round in September."
Palo Alto Networks is seeking to acquire Israeli cybersecurity startup Koi for about $400 million. Koi was founded in 2024 by Unit 8200 alumni Amit Assaraf (CEO), Idan Dardikman (CTO), and Itay Kruk (CPO). The company specializes in endpoint security, protects more than 500,000 endpoints worldwide, and has raised $48 million to date, mainly through a $38 million Series A. Palo Alto Networks CEO Nikesh Arora visited Israel recently to meet CyberArk employees and evaluated local startups amid consolidation in the security market. Koi’s founders previously demonstrated a VSCode Marketplace vulnerability by creating a fake extension that exfiltrated source code.
Read at Techzine Global
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