Cider Security

Company Overview

Snapshot

Founded in October 2020 by Guy Flechter and Daniel Krivelevich, Cider Security operates with 11–50 employees. The company raised $38 million across two funding rounds from three investors, with Tiger Global Management leading a round in March 2022. Cider Security was acquired by Palo Alto Networks in November 2022.

Business overview

Cider Security developed a platform that provides a unified view of the entire engineering ecosystem, offering security teams in-depth understanding and comprehensive visibility into the technologies, systems, and processes unique to every engineering environment. The platform delivers tailored controls and solutions to optimize security and achieve resilience across the CI/CD pipeline, from code to deployment. It serves the cyber security sector, focusing on application and website security for enterprise and professional services, particularly within software development.

Strategic signal

In November 2022, Cider Security was acquired by Palo Alto Networks. This acquisition signifies a strategic move by a major cybersecurity player to integrate Cider Security's application security platform, enhancing its cloud security offerings and extending its reach into the CI/CD pipeline. For investors, this indicates strong market validation for Cider Security's technology and a continued trend of consolidation in the cybersecurity space, particularly for solutions addressing developer-centric security challenges.

Company Intelligence Q&A

What was the most significant corporate event for Cider Security?

Cider Security was acquired by Palo Alto Networks in November 2022. This acquisition marked a major milestone for the company, integrating its AppSec Operating System Security Platform into a larger cybersecurity portfolio.

When was Cider Security founded and by whom?

Cider Security was founded in October 2020 by co-founders Guy Flechter, who serves as CEO, and Daniel Krivelevich, who serves as CTO.

How much capital did Cider Security raise before its acquisition?

Cider Security raised a total of $38 million across two funding rounds.

Which investors participated in Cider Security's funding rounds?

In March 2022, Tiger Global Management led a funding round for. Glilot Capital Partners also led a Seed round in September 2021.

What is Cider Security's core product offering?

Cider Security developed an AppSec Operating System Security Platform that provides a unified view of the engineering ecosystem. This platform offers security teams comprehensive insights and controls to optimize security across the entire CI/CD pipeline, from code to deployment.