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Cybersecurity Startups: Alcide Bought by Rapid7 for $50m

Cybersecurity startups such as Alcide have led the way in recent years regarding innovation. Their recent cloud-based shift led to a lucrative acquisition. With Rapid7's purchase of the brand for $50 million, what can we expect from them in the future?

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Cybersecurity startups such as Alcide have led the way in recent years regarding innovation. Their recent cloud-based shift led to a lucrative acquisition. With Rapid7's purchase of the brand for $50 million, what can we expect from them in the future?

What is Alcide?

Alcide is a specialist platform that offers workload security for container management. This system runs via the open-source Kubernetes network and runs entirely in the cloud. Specifically, this platform allows container managers to manage their loads through intuitive interfacing seamlessly.

Alcide itself boasts impressive funding. The software company raised more than $12 million up to Series A from its base in Tel Aviv. The brand is still an 'early stage' vendor, making its acquisition by Rapid7 all the more impressive.

Alcide's potential for locating security threats is helping to make it a popular choice in the industry. It's come to prominence thanks to its real-time analysis and threat mitigation.

But what is it that Rapid7 sees in the product moving forward?

Ventures Buying Startups

Rapid7, itself, has humble beginnings as one of Boston's fastest-growing analytics startups. It benefits from more than $89 million in total funding. Steady growth since 2000 means that Rapid7 also has a presence on the markets and has Series D funding experience.

The company's acquisition of Alcide seems to be a perfect fit. Specifically, Rapid7 bosses advise it is primarily Alcide's real-time analysis and action that inspires their purchase.

"The technical talent within Israel's cybersecurity ecosystem is unparalleled," states Corey Thomas, CEO, and Chair for Rapid7. "We look forward to working together with the Alcide team."

Alcide and Rapid7 appear to be a good fit thanks to the former's cloud-based workload security standards. Rapid7 already offers streamlined cloud infrastructure to managers across the US. Rapid7 further states that the acquisition will help to make security innovation more straightforward and more efficient to deploy.

Alcide's growth, too, hasn't slowed during global crises. This is likely to be a significant indicator of robustness for Rapid7. Threat prevention, of course, is a need that's only going to grow. The new parent company takes on Alcide's evolving technology to help enhance their customer offering.

 

What Happens Next?

This acquisition is big news in the Kubernetes sphere. Cloud security can be complicated. However, ventures working together with software innovations may be a prudent way forward. Alcide already has five years of developmental experience behind it. Rapid7 may have more knowledge on paper, but together, they may create a whole new security standard.

Alcide is already in use across several firms working with flexible infrastructures. Could this acquisition help to make container security more comfortable to achieve, period?

Investors such as those working for established startups can find a wealth of partnership opportunities online. Some may wish to use databases such as Fundz to narrow down the innovation field. It will be exciting to see where Rapid7 takes the Alcide technology in the years to come.

 

Sources

https://www.crn.com/news/security/rapid7-buys-kubernetes-security-startup-alcide-for-50m

https://www.crunchbase.com/organization/rapid7

https://www.crunchbase.com/organization/alcide

https://www.prowell-tech.com/rapid7-acquires-kubernetes-security-startup-alcide-for-50m-prowelltech/

https://www.geektime.com/u-s-based-rapid7-acquires-israeli-startup-alcide-io-for-50m/

https://techcrunch.com/2021/02/01/rapid7-acquires-kubernetes-security-startup-alcide-for-50m/

 

Topic: Startups