Google plans to strengthen its cybersecurity company Chronicle with the $ 500 million acquisition of startup Siemplify.
In a blog post announcing the acquisition, the search giant described Siemplify as a regulatory security, automation and response organization (SOAR) and intends to integrate its capabilities with Chronicle.
“Sunil Putty,” Google’s cloud security assistant, explains in this post:
Siemplify is an intuitive work environment that enables security teams to better manage risks and reduce the cost of dealing with threats. Siemplify allows Security Operations Center analysts to manage their operations comprehensively, respond to cyber threats quickly and accurately, and become smarter with each analyst interaction.
Startup Siemplify started in 2015 and has raised a total of $ 58 million from investors to date, according to Reuters. According to an informed source, Google bought the startup when it realized that Siemplify was preparing for its new investment. The startup is now joining the Chronicle under the auspices of Google Cloud Services.
The Chronicle was also officially launched in 2018 after splitting from X Development, formerly known as the tech giant’s semi-secret hub, and is set to help large companies secure their security information. Identify, analyze and save. Google’s acquisition of Siemplify comes as search engine giant promised last year that it plans to spend more than $ 10 billion over the next five years to help improve US cybersecurity. Attacks on Microsoft’s Colonial Pipeline and Exchange server last year prompted Joe Biden to issue orders to improve cybersecurity.