Zscaler acquires Avalor for $350 million

Zscaler, a prominent player in cloud security, has made headlines with its recent acquisition of Israeli startup Avalor for a hefty $350 million. This move marks the third acquisition by Zscaler in recent times, following the purchases of Canonic for $50 million in February and Trustdome for $40 million in 2021, both specializing in artificial intelligence technology.

Avalor brings to the table a wealth of valuable data crucial for training large-scale language models and enhancing predictive capabilities to identify potential vulnerabilities that could lead to data breaches, leveraging its Data Fabric for Security.

Established in 2007 by Jay Chaudary and K. Kailash, Avalor initially secured $38 million in funding from strategic investors in August 2012. Subsequently, in 2018, the company went public, raising an impressive $192 million through its trade on the Nasdaq stock exchange under the symbol ZS. However, recent weeks have seen Zscaler’s stock performance fall short of expectations.

Presently, Zscaler is actively seeking talent for various positions, including Big Data Engineer, Backend Engineer, DevOps Engineer, Front End Engineer, Full Stack Engineer, and Java Backend Engineer, with opportunities based in Israel requiring full-time commitment. Additionally, the company is also recruiting for the role of Product Documentation Specialist.

Zscaler’s latest innovation, the AI Data Fabric, demonstrates advanced capabilities in data ingestion, enrichment, and correlation from hundreds of sources, enhancing its ability to assess and mitigate risks effectively.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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