Company Overview
Snapshot
Founded in March 2004 by Yuval Baron and Avishai Wool, AlgoSec operates with over 500 employees. The company has raised $36 million across one funding round from one investor. In December 2022, AlgoSec acquired Prevasio, a US-based company.
Business overview
AlgoSec provides a platform that automates application connectivity and security policy across hybrid network environments, including public cloud, private cloud, containers, and on-premises networks. The company's patented application-centric view helps business owners, application owners, and information security professionals streamline operations, enabling faster delivery of business applications while maintaining a strong security posture. AlgoSec primarily serves enterprises across various sectors, including financial services, government, communication services, and healthcare.
Strategic signal
In December 2022, AlgoSec acquired Prevasio, a US-based company. This acquisition signals AlgoSec's strategic expansion and commitment to enhancing its cybersecurity offerings, likely integrating Prevasio's capabilities to strengthen its network security management platform and broaden its market reach.
Log in to access full profile ›Company Intelligence Q&A
- When was AlgoSec founded?
- AlgoSec was founded in March 2004.
- Who are the founders of AlgoSec?
- AlgoSec was founded by Yuval Baron and Avishai Wool.
- What was a significant acquisition made by AlgoSec?
- In December 2022, AlgoSec acquired US-based company Prevasio. The financial terms of the acquisition were not disclosed.
- What was AlgoSec's last disclosed funding round?
- In January 2018, AlgoSec raised $36 million in a funding round from Claridge Israel.
- What is AlgoSec's primary focus in cybersecurity?
- AlgoSec focuses on business-driven network security management, automating application connectivity and security policy across hybrid network environments.