Press Release

Palo Alto Networks to acquire cloud security startup Dig Security

Thu 2 Nov 2023

Palo Alto Networks has entered into a definitive agreement to acquire cloud security startup and Data Security Posture Management (DSPM) provider, Dig Security.

Today, almost 70% of organisations already have data stored in the public cloud.

With increased interest and adoption of generative AI, sensitive data is often even more spread out across cloud services, including distributed databases, vector databases, PaaS services, and more.

Organisations need help identifying sensitive data, effectively managing user access, and implementing robust security measures to protect against internal and external threats.

Simultaneously, the relentless surge in the volume and impact of cloud data breaches persists, causing significant damage to enterprises. This underscores the critical role that DSPM will play within a comprehensive cloud security strategy.

Ankur Shah, SVP Products for Prisma Cloud at Palo Alto Networks, said: “Data protection was the top priority for cloud security cited in the 2023 The State of Cloud-Native Security Report. Upwards of 75% of respondents noted that the number of point tools they use creates blind spots.”

After the close of the proposed acquisition, Dig’s capabilities will be integrated into the Prisma Cloud platform to provide near real-time data protection from code to cloud.

Lee Klarich, Chief Product Officer for Palo Alto Networks, said: “As companies build AI-enabled applications, there will be a substantial increase in the amount of data transferred to the cloud. The announcement of our intent to join forces with Dig reinforces our longstanding commitment to our team in Israel and to continue growing our footprint with its talented and dedicated cybersecurity professionals.”

Dig was founded by entrepreneurs Dan Benjamin, Ido Azran, and Gad Akuka. They will continue leading their teams in joining the Prisma Cloud team at Palo Alto Networks after closing.

Dan Benjamin, Co-Founder and CEO of Dig Security, said: “Modern cloud applications leverage a broad set of data stores to meet the complex needs of businesses. My co-founders and I look forward to continuing our innovation journey with Palo Alto Networks to make the world safer.”

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