CrowdStrike, a leading endpoint security company based in Austin, Texas, is set to acquire Silicon Valley application security startup Bionic for a reported $350 million in cash.
Furthermore, this strategic move aims to enhance risk visibility and protection within cloud computing environments. Bionic, founded by Israel Defense Forces veterans, offers application security posture management, providing insights into application behavior and prioritizing vulnerability remediation for server-based and serverless infrastructure.
CrowdStrike CEO George Kurtz emphasized the importance of a unified platform for comprehensive cloud security, stating that the cloud has become a new battleground for cybersecurity. The terms of the acquisition were not disclosed, but reports suggest that CrowdStrike will predominantly pay in cash. The deal is expected to close by October 31, expanding CrowdStrike’s security portfolio from cloud infrastructure into cloud applications and services.
Additionally, Bionic’s innovative tool will allow CrowdStrike customers to map and discover application services, databases, microservices, and data flows across various cloud providers.
It eliminates up to 95% of vulnerability noise, prioritizing critical risks based on business impact. CrowdStrike, previously the fourth-largest cloud workload security vendor globally, has been actively pursuing acquisitions to expand its technology offerings, with the Bionic acquisition marking its latest strategic move in the cybersecurity landscape.