# Cider Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cider-security

- Industry: IT Security/Cybersecurity
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.cidersecurity.io
- Total disclosed funding: $44M
- Latest round: Series A (Mar 7, 2022)
- Investors on record: 2

## About

Cider Security Ltd. is a cybersecurity firm focused on enhancing the security of organizations utilizing open-source software by safeguarding software supply chains and managing associated risks.Founded in 2020 and headquartered in Tel Aviv-Yafo, Israel, Cider Security Ltd. specializes in cybersecurity solutions. The company has completed three deals, with its most recent funding event being a TRADE SALE on November 17, 2022, where it was acquired by Palo Alto Networks, Inc. for approximately USD 300.00 mn. The CEO is Guy Flechter. The acquisition aims to integrate Cider's offerings into Palo Alto Networks' application security lifecycle.Cider Security specializes in cybersecurity solutions designed to enhance the security posture of organizations that use open-source software. Their core product offerings focus on safeguarding software supply chains, allowing businesses to detect vulnerabilities and effectively manage risks related to dependencies within their software development processes. The solutions cater to critical use cases such as identifying security flaws and ensuring compliance with industry standards, while also providing real-time monitoring of software components. Cider Security serves a diverse array of clients, including technology firms and financial institutions across North America, Europe, and parts of Asia.Cider Security generates revenue primarily through subscription-based models for its cybersecurity services. Clients engage in annual or multi-year contracts granting them access to various tools that assist in vulnerability assessment and risk management. The company focuses on direct engagements with businesses, facilitating customized cybersecurity solutions tailored to meet specific organizational needs. Key offerings, including their flagship vulnerability management platform, have pricing based on deployment scale, ensuring consistent revenue while allowing clients to choose services aligned with their operational requirements.In November 2022, Palo Alto Networks, Inc. agreed to acquire Cider Security Ltd. for approximately USD 300.00 mn, with the transaction expected to close in the second quarter of fiscal 2023. This acquisition will support Palo Alto Networks in enhancing their application security lifecycle from code to cloud.

## Funding rounds

- Series A, Mar 7, 2022, $38M — Tiger Global Management, Glilot Capital Partners
- Seed, Dec 1, 2020, $6M — Glilot Capital Partners

## Investors

- Glilot Capital Partners (https://capitalatlas.ai/funds/glilot-capital-partners) — Seed, Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A