In recent years, cybersecurity startups, particularly those born in Israel, have been rapidly acquired by larger tech companies seeking to bolster their security capabilities and address the growing needs of business customers. This trend has continued unabated, with a spate of acquisitions in the field of cloud security.
Rubrik’s Latest Acquisition
The latest acquisition is that of Laminar, a cybersecurity company focused on providing posture management and remediation tools to help organizations track activity and identify potential vulnerabilities in their data. The company will join Rubrik, a leading enterprise software company specializing in backup, recovery, and cloud security.
Laminar’s Focus: Visibility in the Cloud
Laminar aims to tackle a persistent issue for enterprises and businesses that manage and use data in the cloud – visibility. As organizations opt for hybrid solutions with data scattered across multiple silos in public clouds, private clouds, and on-premises locations, tracking how data is moving, who is using it, and inadvertent vulnerabilities becomes increasingly challenging.
The Market Opportunity
The cost of cybercrime to businesses is projected to reach as high as $10 trillion by 2025, according to Rubrik estimates. This presents a significant opportunity for companies like Laminar to provide solutions that help security operations teams track activity and identify potential threats.
Why Rubrik Acquired Laminar
The acquisition allows Rubrik to create a one-stop shop for its customers, expanding its revenue funnel and improving its ability to work with customer data. By integrating Laminar’s posture management and remediation tools into its platform, Rubrik aims to help customers reduce the number of contracts they need to manage.
Other Recent Deals in Cybersecurity
In recent months, other notable acquisitions have taken place in the cybersecurity space in Israel. These include:
- CrowdStrike buying Bionic.AI: For between $200 million and $300 million
- IBM buying Polar Security
- Palo Alto Networks buying Cider Security for up to $300 million
These deals demonstrate the increasing importance of cloud security and the rapid pace at which companies are acquiring startups to bolster their capabilities in this area.
The Future of Cybersecurity
As the threat landscape continues to evolve, companies like Rubrik and Laminar will play a crucial role in helping organizations protect themselves against cyber threats. The acquisition of Laminar by Rubrik marks an important step in this direction, highlighting the growing need for integrated security solutions that can keep pace with the complexities of cloud computing.
About Ingrid Lunden
Ingrid Lunden is the Europe Editor at TechCrunch, where she covers mobile, digital media, advertising, and the spaces where these intersect. She has a deep understanding of the tech industry and its trends, making her an authoritative voice on cybersecurity and related topics.
