CLOUD
CLOUD
CLOUD
Amazon Web Services acquires advanced threat detection startup Sqrrl
Amazon Web Services Inc. has acquired Sqrrl Data Inc., a Massachusetts-based cybersecurity software company that specializes in advanced threat detection for large enterprises.
The price of the deal, first rumored last month, was not disclosed but was previously reported to be “north of $40 million.” Sqrrl had raised $26.5 million coming into its acquisition, including a $12.3 million round in June from Spring Lake Equity Partners, Matrix Partners, Rally Ventures and Accomplice.
“We will be joining the Amazon Web Services family, and we’re looking forward to working together on customer offerings for the future,” Sqrrl said in a statement on its website.
Founded in 2012, Sqrrl originally provided big-data security services for Hadoop, a software framework for storing lots of data on clusters of machines, before later pivoting into offering a broader enterprise-focused threat protection service called Sqrrl Enterprise. Sqrrl’s platform is based on the open-source database software platform developed by the National Security Agency called Accumulo, where a number of the company’s founders previously worked.
The platform offers console-based threat investigation tools that allow users to map systems and files involved in a given breach to enable security analysts to discover advanced threats faster and reduce the time required to investigate them.
The acquisition strengthens Amazon’s hand in the broad cloud services market where it’s the clear leader. AWS earned a third-quarter profit of $520 million, up more than 400 percent from a year ago, on $2.1 billion in revenue.
AWS has parlayed previous acquisitions into new products, such as the Macie cloud security service released in August, which grew out of the purchase of data security startup Harvest.ai Inc. in January 2017.
Amazon’s intentions for Sqrrl are not clear at this stage, but the acquired company noted that for the time being, it was business as usual and it will “continue to work with customers to provide advanced threat hunting capabilities.”
Image: Sqrrl
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.
