Demisto

Company Overview

Snapshot

Founded in July 2015 by Slavik Markovich, Guy Rinat, Rishi Bhargava, and Dan Sarel, Demisto grew to 51–200 employees. The company secured $69 million across 3 funding rounds from 9 investors before being acquired by Palo Alto Networks in February 2019.

Business overview

Demisto developed Demisto Enterprise, a comprehensive security operations platform. This platform integrates security orchestration, incident management, machine learning for analyst activities, and interactive investigation. Its orchestration engine automates security product tasks and incorporates human analyst workflows, enabling security teams to reduce mean time to response, establish consistent incident management, and enhance analyst productivity. Demisto operates within the Cyber Security sector, serving markets such as Germany, the United Kingdom, and the United States.

Strategic signal

In February 2019, Demisto was acquired by Palo Alto Networks for $560 million. This acquisition highlights the strategic importance of security orchestration, automation, and response (SOAR) capabilities in the cybersecurity market, signaling a consolidation trend and increased demand for integrated security solutions among enterprise clients.

Company Intelligence Q&A

What was the most significant corporate event for Demisto?

In February 2019, Demisto was acquired by Palo Alto Networks for $560 million. This acquisition marked a significant milestone for the company, integrating its security operations platform into a larger cybersecurity portfolio.

When did Demisto last raise a funding round?

Demisto secured its last funding round in October 2018, a Series C financing led by Greylock Partners and Accel.

What was Demisto's total capital raised before its acquisition?

Before its acquisition, Demisto raised a total of $69 million across 3 funding rounds.

What recognition did Demisto receive in 2018?

In May 2018, Demisto was named a Cool Vendor by Gartner in Security Operations and Vulnerability Management, recognizing its innovative approach to security solutions.

Which company integrated with Demisto Enterprise in November 2019?

In November 2019, ARIA Cybersecurity Solutions integrated with Demisto Enterprise to automate threat containment, enhancing its security capabilities.