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US company buys B'luru cybersecurity startup PingSafe for $100mn
![IndiaTimes]()
Tuesday, 9 January 2024
NYSE-listed SentinelOne is acquiring Bengaluru-based cloud security platform PingSafe for $100 million is dubbed as the largest acquisition in the Indian cybersecurity startup space. Barclays, in its report, said the acquisition is a combination of stock and cash. After the acquisition, PingSafe is set to mint a new crop of dollar millionaires. The deal is expected to close in the first quarter of FY25. Last year, it raised $3.3 million in seed funding led by Peak XV Partners.
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Tuesday, 9 January 2024
