SentinelOne, a technology firm listed on the NYSE, has announced its acquisition of the Bangalore-based startup PingSafe in a deal reportedly valued at $100 million. In a press statement, PingSafe emphasized that the integration of its Cloud native application protection platform (CNAPP) into SentinelOne’s Singularity Platform represents a significant shift in security paradigms. This collaboration offers companies a unified service with real-time, AI-powered operations for safeguarding entire enterprises, eliminating the need for disparate solutions or standalone Cloud platforms.
Ric Smith, Chief Product and Technology Officer at SentinelOne, highlighted the intention to redefine Cloud security through the incorporation of PingSafe. The goal is to fuse top-tier cloud workload protection, AI, and analytics capabilities with a modern and comprehensive CNAPP. This move signals SentinelOne’s expansion beyond Cloud workload security, and the acquisition of PingSafe is seen as instrumental in accelerating this strategic shift.
Anand Prakash, Founder and CEO of PingSafe, expressed alignment in mission with SentinelOne, emphasizing their shared commitment to securing the Cloud and making the Internet a safer space. PingSafe’s clientele, including payment giants Razorpay and Groww, attested to the efficacy of their CNAPP solutions in handling significant transaction volumes securely.
Ashwath Kumar, Principal Security Engineer at Razorpay, underscored the importance of environment security, especially with over $100 billion in transactions. He credited PingSafe for enabling a proactive approach to identifying and prioritizing critical threats, cutting through the noise often associated with various CNAPP solutions.
With the acquisition of PingSafe, SentinelOne is poised to provide advanced scanning of runtime and build-time environments. Additionally, it will offer an attack surface management rules engine for running breach and attack simulation scenarios against internet-exposed Cloud assets. This strategic move positions SentinelOne to offer a more comprehensive suite of security services.
