SentinelOne’s bargain to get PingSafe appreciated the Peak XV-backed startup that is young over $100 million, two sources familiar with the matter told For Millionaires, in one of the strongest and fastest deals emerging from India.

The New York Stock Exchange-listed AI security firm disclosed the cash and stock deal week that is last but performedn’t expose the monetary terms. SentinelOne, PingSafe and PeakXV performedn’t respond to a immediately request for comment. The terms of the deal haven’t been previously reported.

Founded in 2021, PingSafe is a relatively new and security that is small with less than 100 staff members and over 50 consumers, mainly in Asia. The company stayed mostly in stealth mode until a year ago, and ended up being supported by Peak XV’s Surge within the early-stage fund’s cohort that is sixth. PingSafe had raised a total of about $3.3 million in funding.

“We Think integration of PingSafe’s CNAPP tweeted will bolster S’s cloud security offering, providing a wide range of agentless CNAPP capabilities – S has expressed its intent to be price competitive in the cloud security market and we wonder if the acquisition will play a role in pricing,” Barclays wrote in a note to clients.

PingSafe is “among the‘seed that is fastest to considerable exits’ Indian ecosystem has actually ever before seen,” Rajan Anandan, which leads Surge at Peak XV,

the other day.

“SentinelOne is a pioneer and frontrunner in AI-powered protection, and then we share a typical goal to secure the cloud and then make the world-wide-web a safer destination,” said Anand Prakash, creator and leader of PingSafe plus one associated with the world’s top five white cap hackers, in a prepared statement the other day. “The mix of SentinelOne’s market-leading to our cutting-edge CNAPP capabilities AI security platform will supercharge cloud security by providing world-class protection for multi-cloud infrastructure, from development to deployment.”reportedThe purchase of PingSafe represents a further endorsement of the increasing trend of Indian software companies targeting global expansion. A new generation of Indian entrepreneurs have subsequently set their sights on worldwide growth.(*)New by first developing SaaS solutions in the home market Delhi is inching nearer to start the phase that is second of marquee Startup India program with a focus on deep tech startups, Indian daily Economic Times (*) Monday. The planned doubling-down on advanced technology companies marks the gambit that is latest geared towards changing the subcontinent into an international development powerhouse to rival famous brands Silicon Valley.(*)

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