Canonic Security

Company Overview

Snapshot

Founded in October 2020 by Boris Gorin and Niv Steingarten, Canonic Security operated with 1–10 employees. The company raised $6M across one funding round from 5 investors, with First Round Capital as a lead investor. Canonic Security was acquired by Zscaler in February 2023.

Business overview

Canonic Security provides a SaaS application security platform designed to continuously profile applications and user accounts. Its core technology identifies suspicious or out-of-policy behavior to automatically reduce the SaaS attack surface. The company's patent-pending App Sandbox captures add-on and integration behavior, offering access intelligence, threat, and vulnerability insights by dynamically assessing network, data, and platform API activities. Canonic Security operates within the Cyber Security sector, serving enterprises with its B2B model.

Strategic signal

In February 2023, Canonic Security was acquired by Zscaler, leading to the cessation of its independent operations. This acquisition signals a strategic move by Zscaler to integrate Canonic's SaaS application security capabilities, particularly its AppTotal product, into its broader security offerings, enhancing its cloud security posture and expanding its market reach in the enterprise security landscape.

Company Intelligence Q&A

What is Canonic Security's primary focus?

Canonic Security focuses on providing a SaaS application security platform that continuously profiles apps and user accounts to identify suspicious behavior and reduce the SaaS attack surface.

When was Canonic Security founded?

Canonic Security was founded in October 2020.

Who founded Canonic Security?

Canonic Security was founded by Boris Gorin and Niv Steingarten.

What was a significant product launch for Canonic Security?

In August 2022, Canonic Security launched AppTotal API to streamline app vetting for security teams.

What was the outcome for Canonic Security in early 2023?

In February 2023, Canonic Security was acquired by Zscaler and subsequently ceased to operate as an independent entity.