Ramat Gan based LightCyber has been developing automated behavioral analytics capabilities, using sophisticated machine learning.
US enterprise security company Palo Alto Networks (Nasdaq: PANW) has acquired Israeli cyber security company LightCyber for $130 million - $105 million cash and sources inform "Globes," an additional $25 million in shares.
LightCyber has been developing automated behavioral analytics capabilities, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.
LightCyber's investors include Access Industries, through its Israeli technology investments entity, Claltech, and network security luminary Shlomo Kramer, who joined the LightCyber board of directors last year, Battery Ventures, Glilot Capital Partners and Amplify Partners. With offices in Ramat Gan and the US, LightCyber was founded in 2012 by CPO Giora Engel and CTO Michael Mumcuglu. The company provides Behavioral Attack Detection solutions and its products have been deployed by top-tier customers around the world in industries including the financial, legal, telecom, government, media and technology sectors.