This won’t be Microsoft’s first acquisition from Israel; in the past the company has picked up three security companies namely, Aorato in 2014, Secure Islands for about $80 million and Adallom for a reported $320 million, both in 2015.
Earlier this year Microsoft had announced that it is going to invest more than $1 billion annually on cybersecurity research and development. Hexadite itself has seen a $10.5 million investment from Hewlett Packard Ventures and has seen funding from TenEleven Ventures and YL Ventures, among others.
What’s special about Hexadite is that it claims to work with existing security detection tools inside the organization. It uses AI and machine learning logic and processes that have been tried and tested by cybersecurity analysts to investigate alerts. It mitigates damage to systems within seconds and provides actionable insights real time. And according to Microsoft, Hexadite states to have the only agentless intelligent security orchestration and automation platform that can serve global companies.
According to a report in Calcalist, which first broke the news about the acquisition, Microsoft was planning to buy another cybersecurity venture in Isarel named Cloudyn, which offered multi-cloud monitoring and optimization solutions. Calcalist also noted that currently Hexadite hosts 35 employees which post acquisition will have shares worth $3 million each.
