The Israeli start-up Siemplify, founded in 2015, swallowed by GOOGLE. – IsraelValley

The American online search giant Google has acquired the Israeli cybersecurity company Siemplify for an estimated sum of hundreds of millions of dollars, according to sources familiar with the matter, interviewed on Tuesday by the financial daily Globes.

The terms of the agreement and the final amount of the acquisition have not yet been officially announced, but it will be the first acquisition of an Israeli company by Google since that of Waze, the car navigation application in 2013, for an amount of more than 1 billion dollars (886 million euros).

The Israeli start-up Siemplify, founded in 2015 by Amos Stern, Alon Cohen and Garry Fatakhov, has since its creation raised funds to the tune of 58 million dollars (51.8 million euros), of which 30 million (26.5 million euros) in its most recent funding round in 2019. The company has 200 employees and has offices in Israel, the United States and the United Kingdom.

Siemplify has developed a cybersecurity systems management platform, adaptable to any type of organization. The company defines itself as specialized in assisting their clients’ cybersecurity teams, able to act quickly in the event of a threat, thanks to the creation of personalized automatic processes.

SOURCES AND COPYRIGHTS. I24NEWS.

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