Darktrace Makes a Bold Move: Snags Cado Security in Mystery Price Deal
Darktrace announced its plans to acquire Cado Security, a UK-based incident investigation firm, potentially for $50 million to $100 million. Cado brings cyber investigation solutions for diverse environments, and its team will join Darktrace to merge their technology with Darktrace’s ActiveAI platform. Financial details remain unconfirmed, but regulatory approvals are pending.
Hot Take:
Looks like Darktrace is on a shopping spree, and they just picked up a nifty new toy in Cado Security! This isn’t just cybersecurity… it’s cyber-sleuthing with a side of Sherlock Holmes. I just hope they don’t expect Watson to be on call 24/7.
Key Points:
- Darktrace plans to acquire Cado Security, a UK-based incident investigation and response firm.
- The deal is reportedly valued between $50 million and $100 million, pending regulatory approval.
- Cado Security specializes in cyber investigations across various environments like multi-cloud and serverless.
- Darktrace aims to integrate Cado’s technology with its ActiveAI platform.
- Cado Security has raised over $31 million in funding since 2020.
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