Cybersecurity powerhouse SentinelOne on Wednesday announced plans to snap up PingSafe in a cash-and-stock deal that adds cloud native application protection platform (CNAPP) capabilities to its product portfolio.
Financial terms of the transaction, which is expected to close in the first quarter, were not disclosed.
SentinelOne, based in Mountain View, Calif., plans to combine PingSafe’s cloud native application protection platform (CNAPP) with its own cloud workload security and cloud data security product line.
PingSafe, with dual headquarters in the US and India, raised $3.3 million in seed-stage funding less than a year ago from investors that included Sequoia Capital India and Surge.
SentinelOne described PingSafe as a CNAPP solution that delivers real-time monitoring of multi-cloud workloads, simple setup and configuration and low false positive rates.
Once the deal closes, SentinelOne said the plan is to provide corporate buyers with tooling for advanced secrets scanning of runtime and build-time environments and an attack surface management rules engine that runs breach and attack simulation scenarios against Internet-exposed cloud assets.
SentinelOne said the new capabilities would live alongside tooling for cloud security posture management, Kubernetes security posture management, and agentless vulnerability scanning.
SentinelOne recently spent $616 million to purchase Attivo, and $155 million to acquire Scalyr.