Zscaler on the hunt, eyeing Avalor to boost cyber prowess

January 22, 2024
1 min read

American cybersecurity giant Zscaler is currently in negotiations to acquire Israeli startup Avalor for an estimated $250-350 million. This would mark Zscaler’s third acquisition in Israel, following the purchases of Canonic and Trustdome. Avalor, which came out of stealth with a $25 million Series A funding round last year, has developed an open data platform that integrates and analyzes data from various sources, providing a holistic view of business performance. The platform allows for prioritization of risks and quick responses to business-related questions. Avalor’s co-founder and CEO, Raanan Raz, stated that the company is receiving acquisition offers frequently and is continuing full speed ahead.

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