🔒Exciting News in Cybersecurity! CrowdStrike Strengthens Cloud Security Portfolio with Bionic Acquisition🔒

In a game-changing announcement, cybersecurity powerhouse CrowdStrike has set its sights on Silicon Valley startup Bionic, specializing in Application Security Posture Management (ASPM). This strategic move comes as CrowdStrike continues to lead the way in securing the digital frontier.

Here’s a snapshot of what’s happening:

Valued at $350 Million: The acquisition involves a substantial cash-and-stock transaction, signaling the importance of this venture for both parties.

Bionic’s Impressive Journey: Bionic emerged from stealth mode in 2020 with $17 million in early-stage funding. Since then, it has garnered a remarkable $77 million from investors like Insight Partners, Cyberstarts, and Battery Ventures.

Application Intelligence: Bionic prides itself on being an application intelligence firm. It offers advanced technology to empower cybersecurity defenders in mapping application services, databases, microservices, third-party integrations, APIs, and data flows across various platforms.

Streamlining Security: Bionic simplifies the integration of enterprise applications with Continuous Integration/Continuous Deployment (CI/CD) pipelines. This not only streamlines development but also enhances the prioritization of application-level vulnerabilities while ensuring sensitive source code access isn’t a requirement.

A Strategic Integration: Following the acquisition’s completion, CrowdStrike plans to make Bionic’s ASPM solutions available as both a standalone product and an integrated feature within its Falcon Cloud Security platform.

Diversification in Security Offerings: With Bionic’s technology on board, CrowdStrike is set to expand its presence in multiple enterprise security spending categories, including Cloud Workload Protection (CWP), Cloud Security Posture Management (CSPM), Cloud Infrastructure Entitlement Management (CIEM), and the newly added Application Security Posture Management.

This announcement underscores CrowdStrike’s commitment to innovation and its determination to provide comprehensive cybersecurity solutions for businesses navigating the complex digital landscape. Stay tuned for more updates on this exciting development in the world of cybersecurity!

Read the blog here for more: https://www.securityweek.com/crowdstrike-to-acquire-bionic/amp/