American SentinelOne Acquires Israeli Company for $250 Million

Translation by SadaNews Economy - American cybersecurity company SentinelOne has acquired the Israeli company Promet Security in an official deal worth $250 million.

According to the Hebrew economic newspaper Calcalist, the deal amount is not considered large, noting that Promet was founded two years ago and has raised only $23 million so far, which is viewed as a high and rapid return for investors, including the Israeli investment fund, in addition to leading American cybersecurity firms Okta and F5. This was also translated by SadaNews Economy.

Promet Security works on collecting AI tool connectivity points within organizations, starting from the tools used by employees, including browsers, programming assistants, up to AI integrations, as well as the applications developed internally, examining all commands and responses to the models.

The aim is to detect sensitive data, block harmful content, and protect against attacks specific to generative AI.

According to estimates from the Israeli cybersecurity sector, this is not the last deal of its kind but merely the beginning, noting that startups like Laso Security and M Security and "Bilar Security" have made offers for sale in recent weeks, with companies interested including Check Point and foreign cybersecurity firms, including Zscaler and F5.

The Israeli cybersecurity firm is making headlines more than ever due to acquisitions by global American companies.