Cider Security

Company Overview

Snapshot

Founded in October 2020 by Guy Flechter and Daniel Krivelevich, Cider Security operated with 11–50 employees. The company was acquired by Palo Alto Networks in November 2022.

Business overview

Cider Security developed an AppSec Operating System Security Platform designed to provide a unified view of the entire engineering ecosystem. The platform offers security teams in-depth understanding and comprehensive visibility into the technologies, systems, and processes unique to various engineering environments. It provides tailored controls and solutions to optimize security and achieve resilience across the CI/CD pipeline, from code to deployment, serving the Cyber Security sector.

Strategic signal

In November 2022, Cider Security was acquired by Palo Alto Networks. This acquisition signals a strategic move by Palo Alto Networks to enhance its cloud security offerings by integrating Cider Security's application security capabilities, indicating a consolidation trend in the cybersecurity market and a focus on securing the entire CI/CD pipeline.

Company Intelligence Q&A

When was Cider Security acquired?

Cider Security was acquired by Palo Alto Networks in November 2022.

What was the reported acquisition amount for Cider Security?

In November 2022, Palo Alto Networks acquired Cider Security for a reported $300 million.

Which investors participated in Cider Security's March 2022 funding round?

In March 2022, Cider Security received funding from investors including.

Which investors participated in Cider Security's September 2021 funding round?

In September 2021, Cider Security received funding from investors including.

What was the reported impact on employees after the acquisition?

Following its acquisition in November 2022, Cider Security reportedly laid off one-third of its employees.