Shape AI

growth-negative

Israeli cybersecurity company Cyera has acquired Shape AI, a startup founded by Daniel Eisenberg, Eden Gaon, and Ariel Schon. Shape AI, which was in stealth mode, had previously raised $5.5 million from IBIs high-tech fund and Mensch Capital. The acquisition is a strategic move by Cyera to enhance its capabilities in identity management and cloud activity analysis. The deal involves the transfer of Shape AIs talented team to Cyera, while the original product developed by Shape AI will be closed. The acquisition amount is estimated to be several tens of millions of dollars, paid in Cyera shares and options. The acquisition highlights the involvement of notable investors such as Wiz CEO Assaf Rappaport and former Hippo CEO Assaf Wand.