Palo Alto Networks in negotiations to acquire one-year-old Israeli startup Koi for $4
CTech••business
Key Points:
- Palo Alto Networks is in talks to acquire Israeli cybersecurity startup Koi for approximately $400 million, following its recent acquisitions of CyberArk, Chronosphere, and Protect AI.
- Koi, founded in 2024 by former IDF 8200 Intelligence Corps alumni, specializes in enterprise endpoint protection and has raised $48 million to date, primarily from investors like Team8 and Battery Ventures.
- The startup gained attention by exposing a major security vulnerability in the VSCode Marketplace through a proof-of-concept attack, leading to the development of its security platform, ExtensionTotal, which evolved into Koi.
- Koi’s flagship product, Supply Chain Gateway, uses an AI engine called Wings to provide real-time risk analysis, software inventory
