Cybersecurity vendor CrowdStrike on Tuesday announced plans to acquire Bionic, a Silicon Valley startup selling tools in the Application Security Posture Management (ASPM) category.
The cash-and-stock transaction is valued in the range of $350 million and provides capabilities for CrowdStrike to beef up its enterprise cloud security portfolio.
Bionic, which emerged from stealth in 2020 with $17 million in early-stage funding, has raised a total of $77 million from Insight Partners, Cyberstarts, and Battery Ventures.
Bionic, which styles itself as an application intelligence firm, has built technology to help defenders discover and map all application services, databases, microservices, third-parties, APIs, and data flows across cloud service providers and both hybrid and on-premise application deployments.
The company offers toolking to integrate enterprise apps with CI/CD pipelines, removing the requirement for sensitive source code access and helping to prioritize application-level vulnerabilities.
Once the deal closes, CrowdStrike plans to offer Bionic ASPM as an independent product and integrated as a capability within its Falcon Cloud Security platform.
With the Bionic technology in hand, CrowdStrike can now market in a variety of enterprise security spending categories, including Cloud Workload Protection (CWP), Cloud Security Posture Management (CSPM), Cloud Infrastructure Entitlement Management (CIEM) and now Application Security Posture Management.
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