In a significant move to enhance its cybersecurity offerings, American cybersecurity giant Fortinet has acquired the Israeli startup Suridata. Specializing in SaaS Security Posture Management (SSPM), Suridata’s platform is designed to monitor, assess, and mitigate risks in cloud-based applications. This acquisition marks another key step for Fortinet in solidifying its Unified SASE (Secure Access Service Edge) platform, a critical security framework as enterprises increasingly shift to SaaS-first environments. With a deal valued in the tens of millions, Fortinet aims to boost its protection for SaaS applications using Suridata’s AI-powered technology.
Suridata’s SaaS Security Innovations
Founded in 2019 by Lee Kappon Yagoda and Haviv Ohayon, Suridata has been at the forefront of securing SaaS applications. Over the past few years, the startup raised \$14 million through two funding rounds, with significant backing from investors such as New Era Capital Partners, SixThirty Ventures, and various angel investors. Suridata’s platform leverages AI, machine learning, and natural language processing to identify sensitive data, analyze user behavior, detect misconfigurations, and provide real-time remediation recommendations. These capabilities are crucial in a world where SaaS adoption is growing rapidly but often lacks centralized oversight.
Fortinet’s acquisition of Suridata reflects the growing importance of SaaS security, especially as organizations struggle to manage security risks across multiple cloud-based applications. The integration of Suridata’s SSPM technology will enhance Fortinet’s existing Unified SASE solutions, providing deeper visibility and control over SaaS environments, which are often seen as weak points in many enterprises’ security strategies.
What Undercode Say:
The increasing adoption of cloud-based applications and SaaS platforms presents both significant opportunities and challenges for organizations. With more businesses moving towards SaaS-first infrastructures, traditional security methods are struggling to keep up with the complexity and speed of cloud transformations. Fortinet’s acquisition of Suridata is not just a strategic business move, but a timely response to the growing need for specialized security controls in SaaS environments. By integrating Suridata’s SSPM platform with Fortinet’s existing tools, such as Unified SASE and CASB (Cloud Access Security Broker), the company is positioning itself as a key player in securing the cloud-first world.
What makes
Fortinet’s previous acquisitions in Israel, including those of Perception Point and EnSilo, show a clear pattern in their strategy to expand their cybersecurity portfolio. With Suridata, Fortinet can offer more granular control over SaaS environments, which is essential for businesses that are increasingly relying on these platforms for daily operations. As the cybersecurity landscape evolves, partnerships and acquisitions like these are shaping the future of secure cloud operations.
Fact Checker Results:
Financial Details: The deal, while not publicly disclosed, is valued at tens of millions, confirming the significant interest in SaaS security solutions.
Technology Impact: Suridata’s use of AI and machine learning to enhance SaaS security is accurate, and aligns with industry trends towards automation and real-time threat detection.
SaaS Adoption: As businesses continue shifting to SaaS-first models, the integration of specialized SSPM platforms will be crucial in securing these environments.
Prediction:
As cloud adoption accelerates, Fortinet’s integration of Suridata’s AI-driven platform will set a new standard for SaaS security. We can expect similar cybersecurity companies to invest in or acquire SaaS-focused security startups to fill the growing gap in cloud application security. This trend will likely lead to more specialized security tools tailored for SaaS environments, shifting the industry away from generalist solutions toward more niche, yet powerful, offerings. Furthermore, machine learning and automated remediation will become central to cloud security, reducing the need for manual oversight and improving overall security response times.
References:
Reported By: calcalistechcom_9e9cd85fbcf2d92b6f4d9e5b
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