$100 Million Baby

Tel Aviv-based cybersecurity company Hexadite sold to Microsoft for $100 million today, June 8th. To date, Hexadite had raised $10.5M. A leader in the cybersecurity space, the company’s Automated Incident Response Solution set it apart, harnessing the power of artificial intelligence to decrease response time on smaller-scale penetrations. According to the good people of Hexadite, they’re working to “optimize overtaxed security resources for increased productivity, reduced costs and stronger overall security.” TechCrunch’s take on the acquisition? “The idea is to expand Microsoft’s existing security portfolio with an infusion of new technology based around new innovations in areas like AI and machine learning.” You know, so the real security experts will have time for more important things like cruising Dizengoff Center on their segways.