SentinelOne of California acquires Bengaluru startup PingSafe for $100 million

iNDICA NEWS BUREAU-

In what is being dubbed one of the largest acquisitions in the Indian startup sector, SentinelOne a global leader in AI-powered security based in California has acquired Bengaluru-based cloud security platform PingSafe for $100 million.

The acquisition of PingSafe’s cloud-native application protection platform (CNAPP), when combined with SentinelOne’s cloud workload security and cloud data security capabilities, is expected to provide companies with a fully integrated platform that drives better coverage, hygiene, and automation across their entire cloud footprint. The deal is expected to close in the first quarter of the 2025 financial year.

PingSafe was founded by Anand Prakash and Nishant Mittal in 2020. The planned integration of PingSafe’s CNAPP into SentinelOne’s Singularity Platform signifies a paradigm shift in cloud security. Rather than relying on point solutions or a standalone cloud security platform, companies can now access a unified, best-of-breed security platform complete with advanced, real-time, AI-powered security operations to protect the entire enterprise across endpoints, identities, and clouds.

“With the addition of PingSafe, we intend to redefine cloud security by fusing best-of-breed cloud workload protection, AI, and analytics capabilities with a modern and comprehensive CNAPP,” said Ric Smith, Chief Product and Technology Officer, SentinelOne. “This new approach to cloud security will eliminate the need for companies to navigate the complexity of multiple-point solutions, triage and investigate with incomplete context, or pipe data between disparate data silos. Instead, they can comprehensively manage their entire attack surface from a single platform that, unlike legacy CNAPP and standalone providers, delivers the full context, real-time interaction, and analytics needed to correlate, detect, and stop multi-stage attacks in a simple, automated way.”

SentinelOne has been steadily extending its cloud security capabilities beyond cloud workload security, and the acquisition of PingSafe will accelerate this strategy. The move also aligns with the Singularity Unity Release strategy SentinelOne announced in November to transform security operations centers.

“SentinelOne is a pioneer and leader in AI-powered security, and we share a common mission to secure the cloud and make the Internet a safer place,” said Anand Prakash, founder and CEO of PingSafe and one of the world’s top five white hat hackers. “The combination of our cutting-edge CNAPP capabilities with SentinelOne’s market-leading AI security platform will supercharge cloud security by providing world-class protection for multi-cloud infrastructure, from development to deployment.”

With the acquisition of PingSafe, SentinelOne aims to offer differentiated capabilities such as advanced secrets scanning of runtime and build-time environments and an attack surface management rules engine that runs breach and attack simulation scenarios against Internet-exposed cloud assets to identify how an adversary could compromise those assets. These capabilities will be in addition to core CNAPP capabilities like cloud security posture management, Kubernetes security posture management, agentless vulnerability scanning, and shift-left Infrastructure as code scanning.

“Combined with our Singularity Data Lake, Purple AI, endpoint security, and identity security capabilities, PingSafe will enable us to provide a compelling and cost-effective alternative to standalone CNAPP offerings unlike anything else in the market and a superior, more integrated user experience,” Smith said.