Thursday, April 25 2024

CrowdStrike is reportedly in advanced talks to acquire application security posture management (ASPM) platform Bionic.AI. The pending deal is expected to cost between $200 million and $300 million, according to a TechCrunch report.

CrowdStrike is a provider of endpoint security, threat intelligence, and cyberattack response services. The deal would mark its sixth acquisition since 2017 and the first of this year. In February 2021, the company acquired data analytics company Humio for $400 million in its largest deal. In its most recent acquisition, CrowdStrike acquired Reposify, an external attack surface management platform, for $18.9 million. It has participated in seven investments, including leading a $40 million series B round for automated security monitoring platform Vanta and taking part in a $12.5 million seed funding round for Silk Security. With over eight funding rounds of its own, CrowdStrike has raised a total of $485.6 million.

Based in Palo Alto, California and founded in late 2020, Bionic provides ASPM tailored to deployed applications in production. This includes identifying potential vulnerabilities and attack vectors as applications evolve or undergo drift within the network. In late June of this year, the company released two new product features. The first, branded “Bionic Signals,” analyzes data from relevant security tools to identify which vulnerabilities are critical threats to applications in production. The second, called “Business Risk Scoring,” contextualizes the relative risk of an application based on its vulnerabilities and architecture dependencies.   

An acquisition of Bionic by CrowdStrike would bolster its own security posture management product, called “Falcon.” The product uses AI to produce actionable data, discovering pivots in adversarial tactics and mapping tradecraft on its patented “Threat Graph.” It recognizes real-time indicators of attack, using threat intelligence and telemetry to deliver detections, automated protection, and threat hunting.

Bionic has a total of $82 million in funding over three rounds, with most of it coming from a $65 million series B round led by Insight Partners in March 2022. Other investors include Cyberstarts, a venture capital firm that funds, launches, and supports cybersecurity start-ups, and Battery Ventures, a similarly focused venture capital firm.  

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