Cyber risk management firm Bitsight today announced a $115 million deal to acquire threat intelligence data provider Cybersixgill.
Boston, Massachusetts-based Bitsight provides exposure, performance, and risk management capabilities, enabling organizations to prioritize cyber investments and reduce risks of financial loss.
Cybersixgill harvests threat intelligence from millions of sources on the clear, deep, and dark web, and enriches it using automation and artificial intelligence, to deliver alerts on emerging threats, indicators of compromise, and risk exposure.
Organizations in the financial, government, and law enforcement sectors, along with Fortune 500 companies, and other businesses rely on Cybersixgill’s solutions. The company is headquartered in Israel, but has over 80 employees worldwide.
The acquisition will allow Bitsight to deliver comprehensive visibility into businesses’ external attack surface, threats, and supply chain, helping them proactively identify and mitigate risks.
The combination of Bitsight’s asset mapping capabilities and Cybersixgill’s real-time threat data, the cybersecurity firm says, will provide highly relevant insights in the context of each organization’s unique digital landscape, in a single solution.
Bitsight will use the threat intelligence to enrich existing products and plans to apply Cybersixgill’s generative AI models to its collection of cybersecurity exposure data, to provide customers with new use cases and added value.
“With the integration of Cybersixgill’s team and technology, we can deliver even deeper insights to Bitsight customers about the targeted threats unique to their infrastructure. We’re committed to investing in Cybersixgill’s industry-leading products and will continue to drive innovation to bring even greater value to customers,” Bitsight CEO Steve Harvey said.
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