AlgoSec Overview
AlgoSec empowers organizations to secure application connectivity by automating connectivity flows and security policy, anywhere. The AlgoSec platform automates application connectivity and security policy across the hybrid network estate, including public cloud, private cloud, containers, and on-premises networks. AlgoSec's patented application-centric view of the hybrid network enables business owners, application owners, and information security professionals to talk the same language so organizations can deliver business applications faster while achieving a heightened security posture.
Cumulative Funding Raised Over Time ($)
$36.0MJan 2018
Latest News
growth-positive
Cybersecurity co AlgoSec buys US co Prevasio
Israeli cybersecurity company AlgoSec is acquiring US SaaS cloud-native application protection platform developer Prevasio. The financial details of the acquisition were not disclosed, but sources say it was for several tens of millions of dollars. The acquisition will allow AlgoSec to compete in the cloud-native application protection market, which is worth an estimated $10 billion annually. AlgoSec has enjoyed profitability and annual revenue growth of 20% in recent years, approaching $100 million per year.
Acquisition
growth-positive
AlgoSec CloudFlow Now Available in AWS Marketplace
AlgoSec has announced that its cloud-native solution, AlgoSec CloudFlow, is now available in AWS Marketplace. CloudFlow provides complete visibility and management of security control layers across enterprise cloud estates. The addition of CloudFlow in AWS Marketplace allows customers to benefit from simplified sourcing and contracting, consolidated billing, and the ability to apply their use of CloudFlow to their AWS Enterprise Discount Program spend commitment. This development strengthens the relationship between AlgoSec and AWS, providing efficient and easier management of complex networks. AlgoSec is a leading provider of business-driven network security management solutions.
CustomersPartners
Deloitte and AlgoSec Partner to Establish a Joint Network Protection Transformation Solution for Enterprises
growth-positive
AlgoSec A30.10 Delivers Enhanced Cloud, SDN and Network Security Management for Cisco ACI, Tetration & FirePower, Microsoft Azure, F5 AFM and Juniper Junos Space
AlgoSec has released an update of its Network Security Management Suite, offering new cloud security management capabilities and enhanced features. The update enables seamless, zero-touch security management across SDN, cloud, and on-premise networks, providing comprehensive visibility and control over security in hybrid environments. Key features include extended support for Cisco ACI, Tetration, and FirePower, enhanced automation for F5 AFM and Juniper Junos Space, and increased seamless migrations to virtual appliances or cloud instances. The update also introduces new graphs and dashboards in the AlgoSec Reporting Tool and offers streamlined access to CloudFlow for multi-cloud capabilities. AlgoSecs ASMS A30.10 is now available.
PartnersExpand
growth-positive
AlgoSec Celebrates Record Quarter in Q4 2019 and Another Record Year of Strong Growth and Profitability in 2019
AlgoSec, the leading provider of business-driven network security management solutions, reported strong growth in product revenues and total revenues in 2019. They experienced a 26% increase in product revenues and a 17% increase in total revenues compared to the previous year. AlgoSec also won nearly 100 new customers, including competitive wins and replacements of products from their direct competitors. They had a successful Q4 2019 with a 43% increase in product revenues and a 27% increase in total revenues compared to Q4 2018. The company is also looking to hire over 50 new employees. AlgoSec introduced several key innovations in 2019, including a cloud-focused security solution and extensions to their Network Security Management Suite. They also formed a partnership with Cisco and expanded their executive management team.
CustomersExpand
| Sector | Cyber Security |
Funding
| Total funding | $36M |
| Last funding | $36M |
| Stage | Mature |
| Rounds | 1 |
| Investors | 1 |
Team Members
4
Employees: 500+
Web & Social Links
| Website | www.algosec.com |
| Careers | Careers page |
Locations
Shlomo Shmeltzer Road 94, Petah Tikva, Israel
3 Temasek Avenue Singapore
65 Challenger Rd, Ridgefield Park, NJ 07660, USA
Ulitsa Platonova 20, Minsk, Belarus
25 Rue Tronchet, Paris, France
6525 The Corners Pkwy NW, Peachtree Corners, GA 30092, USA
4 Lombard Street, London, UK
249, Udyog Vihar Phase V, Phase V, Udyog Vihar, Sector 19, Gurugram, Haryana 122015, India
Photos & Videos
1 item(s)
AlgoSec Business
Business models
B2B
Product stage
Released
Employees
500+
Sector
Cyber SecurityNetwork & Infrastructure SecurityTarget Customer
Financial ServicesEnterprise & Professional ServicesEnterprisesGovernment & CityMunicipalitiesCommunication ServicesDiversified Telecommunication ServicesHealthcare & Life SciencesCore Technology
Platforms & InterfacesSoftwareTags (12)
network-securityvulnerability-managementrisk-managementcyber-securityfirewallorchestrationcomplianceit-managemententerprise-securitycloud-securityenterprisesnetwork-managementGeographic Markets
United StatesWest AsiaEuropeAfricaAlgoSec Financials
$36M
Total funding
Undisclosed
Capital raised
$36M
Last funding
Mature
Funding stage
1
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
$36.0MJan 2018
Private Equity Funding
Undisclosed Round
Jan 2018
$36M
Claridge Israel
Mergers & Acquisitions
MNAEvent
Dec 2022
Undisclosed
AlgoSec Lifecycle
Cumulative Funding Raised Over Time
$36.0MJan 2018
All Events
Undisclosed Round
Jan 2018
$36M
Claridge Israel
MNAEvent
Dec 2022
Undisclosed
AlgoSec News
13 articles
growth-positive
Cybersecurity co AlgoSec buys US co Prevasio
Israeli cybersecurity company AlgoSec is acquiring US SaaS cloud-native application protection platform developer Prevasio. The financial details of the acquisition were not disclosed, but sources say it was for several tens of millions of dollars. The acquisition will allow AlgoSec to compete in the cloud-native application protection market, which is worth an estimated $10 billion annually. AlgoSec has enjoyed profitability and annual revenue growth of 20% in recent years, approaching $100 million per year.
Acquisition
growth-positive
AlgoSec CloudFlow Now Available in AWS Marketplace
AlgoSec has announced that its cloud-native solution, AlgoSec CloudFlow, is now available in AWS Marketplace. CloudFlow provides complete visibility and management of security control layers across enterprise cloud estates. The addition of CloudFlow in AWS Marketplace allows customers to benefit from simplified sourcing and contracting, consolidated billing, and the ability to apply their use of CloudFlow to their AWS Enterprise Discount Program spend commitment. This development strengthens the relationship between AlgoSec and AWS, providing efficient and easier management of complex networks. AlgoSec is a leading provider of business-driven network security management solutions.
CustomersPartners
Deloitte and AlgoSec Partner to Establish a Joint Network Protection Transformation Solution for Enterprises
growth-positive
AlgoSec A30.10 Delivers Enhanced Cloud, SDN and Network Security Management for Cisco ACI, Tetration & FirePower, Microsoft Azure, F5 AFM and Juniper Junos Space
AlgoSec has released an update of its Network Security Management Suite, offering new cloud security management capabilities and enhanced features. The update enables seamless, zero-touch security management across SDN, cloud, and on-premise networks, providing comprehensive visibility and control over security in hybrid environments. Key features include extended support for Cisco ACI, Tetration, and FirePower, enhanced automation for F5 AFM and Juniper Junos Space, and increased seamless migrations to virtual appliances or cloud instances. The update also introduces new graphs and dashboards in the AlgoSec Reporting Tool and offers streamlined access to CloudFlow for multi-cloud capabilities. AlgoSecs ASMS A30.10 is now available.
PartnersExpand
growth-positive
AlgoSec Celebrates Record Quarter in Q4 2019 and Another Record Year of Strong Growth and Profitability in 2019
AlgoSec, the leading provider of business-driven network security management solutions, reported strong growth in product revenues and total revenues in 2019. They experienced a 26% increase in product revenues and a 17% increase in total revenues compared to the previous year. AlgoSec also won nearly 100 new customers, including competitive wins and replacements of products from their direct competitors. They had a successful Q4 2019 with a 43% increase in product revenues and a 27% increase in total revenues compared to Q4 2018. The company is also looking to hire over 50 new employees. AlgoSec introduced several key innovations in 2019, including a cloud-focused security solution and extensions to their Network Security Management Suite. They also formed a partnership with Cisco and expanded their executive management team.
CustomersExpand
growth-positive
Cisco Partners With Data Security Company AlgoSec
Nasdaq-listed networking hardware company Cisco Systems Inc. has signed a partnership agreement with enterprise data security company AlgoSec Systems Ltd. AlgoSecs products will be integrated into Ciscos product offerings. Financial details were not disclosed. AlgoSec develops data security management software for enterprises and has customers such as Microsoft, General Motors, Unilever, and Sony. In 2018, AlgoSec raised $36 million in investment from Claridge Israel. The company currently employs 365 people.
Partners
growth-positive
AlgoSec's Network Security Management Solution Now on Cisco's Global Price List
AlgoSec announces the availability of its integrated solution for Cisco ACI and security devices on Cisco’s Global Price List. This allows Ciscos sales network to offer AlgoSecs solutions to customers through Ciscos SolutionsPlus program. AlgoSec integrates with Cisco ACI to extend ACIs policy-based automation to multi-vendor security devices across the Data Center, on its edges, and in the cloud. The solution enables customers to ensure continuous compliance and automate the provisioning of security policies. AlgoSec and Cisco ACI share an application-centric approach to network security management, allowing customers to build automated and secure IT environments.
Partners
Cloud Security Alliance and AlgoSec highlight major security challenges in native cloud, hybrid and multi-cloud environments
growth-positive
AlgoSec Delivers Native Cloud Security Management for Microsoft Azure Firewall
AlgoSec, a provider of business-driven security policy management solutions, has signed a technology collaboration agreement with Microsoft. The partnership will offer interoperability between the AlgoSec Security Management Suite and Microsoft Azure Firewall to support central security management. The new solution will allow central management capability for Azure Firewall, Microsofts new cloud-native, firewall-as-a-service. Azure Firewall customers will be able to manage multiple instances of Azure Firewalls across different regions and multiple Azure accounts. The collaboration will extend this capability to a fully integrated solution that offers central management of Azure Firewall alongside other security devices.
PartnersCustomers
growth-positive
AlgoSec Delivers Complete End-to-End Security Management for Cloud Security Controls
AlgoSec has released the AlgoSec Security Management Solution version 2018.1, which focuses on delivering new automation capabilities for end-to-end security policy change management. The new version provides full visibility and automation for cloud security controls and Software-Defined Networks (SDN) across hybrid environments. It includes support for Microsoft Azure and Cisco ACI, allowing users to simulate routing topology, deploy new rules, and create contracts and filters directly. AlgoSec 2018.1 also offers automation for security policy changes on Check Point R80 devices and out-of-the-box support for GDPR compliance. The release aims to help organizations achieve agility, security, and compliance in the digital enterprise.
PartnersCustomers
growth-positive
AlgoSec launches network security policy management as a service
AlgoSec, a business-driven security policy management specialist, is launching AlgoSaaS, an as-a-service policy management solution. This cloud-based offering allows enterprise organizations to manage their network security policies and align them with their business processes and objectives. AlgoSaaS provides a single pane view of the entire network security infrastructure, simplifying and speeding up the deployment process. It also enables proactive assessment of risk posture and identification of vulnerabilities and cyber-attacks. The launch of AlgoSaaS demonstrates AlgoSecs commitment to providing flexible deployment options to its customers. The article does not mention any specific customers, investors, or acquisition/valuation amounts. The event described in the article does not have a specific date.
CustomersExpand
growth-positive
Israeli cybersecurity co AlgoSec raises $36m
Israeli cybersecurity company AlgoSec has raised $36 million from private equity fund Claridge Israel. This financing round improves AlgoSecs preparedness for a possible IPO. Claridge ILs managing partner will join AlgoSecs Board of Directors. AlgoSec has 350 employees and 1,500 customers, including Fortune 50 companies.
Investment
growth-positive
AlgoSec Promises Unified Hybrid Cloud Security Management
AlgoSec, a company that delivers security policy management tools, is rolling out support for Amazon Web Services. This move allows AlgoSec to target customers who want their security policy management to cover both on-premises and public cloud infrastructure. The market opportunity is significant, as Gartner predicts that 75% of large enterprises will have private cloud deployments in production by next year. AlgoSecs Security Management Suite enables companies to centrally manage all on-premise firewalls policies alongside Amazon security groups, monitor changes to Amazon security groups, and streamline the audit preparation process.
CustomersExpand
AlgoSec Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 561 |
| Team members | 4 |
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AlgoSec Internal
Recent Updates
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Admin Info
| Confidence | 100/100 |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 513520866 |
| Crunchbase | algosec |
| Phone | +97239217377 |
| Creator | Sophie Pollock |
| Creator email | pollos@blair.edu |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2023-03-02T00:00:00.000Z |
| Created | 2014-06-26T00:00:00.000Z |
| Claimed | Yes |