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Zscaler buys Avalor to bring more AI into its security tools
Zscaler, a cloud security company with headquarters in San Jose, California, has acquired cybersecurity startup Avalor 26 months after its founding,
Zscaler, a cloud security company with headquarters in San Jose, California, has acquired cybersecurity startup Avalor 26 months after its founding, reportedly for $310 million in cash and equity. Avalor is Zscaler’s third acquisition after Canonic, a startup focused on protecting against cyberattacks targeting software-as-a-service products, and Trustdome, a cloud infrastructure entitlement platform. As Crunchbase’s Chris Metinko noted earlier today, Zscaler’s acquisition — along with others in the cybersecurity space — could help spark activity in a slow-to-stagnant cyber M&A market.
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