SentinelOne (NYSE: S), a global leader in AI-powered security, has unveiled plans to acquire PingSafe, a move that is expected to significantly strengthen its cloud security offerings. The acquisition of PingSafe’s cloud native application protection platform (CNAPP) will complement SentinelOne’s existing cloud workload security and cloud data security capabilities, resulting in a fully integrated platform designed to enhance coverage, hygiene, and automation across the entire cloud footprint of companies.
The integration of PingSafe’s CNAPP into SentinelOne’s Singularity Platform signifies a shift in cloud security, offering a unified security platform with advanced, real-time, AI-powered security operations. This approach aims to eliminate the need for multiple-point solutions and provides comprehensive management of the entire attack surface from a single platform.
Ric Smith, Chief Product and Technology Officer at SentinelOne, expressed enthusiasm about the acquisition, stating, “With the addition of PingSafe, we intend to redefine cloud security by fusing best-of-breed cloud workload protection, AI and analytics capabilities with a modern and comprehensive CNAPP. This new approach to cloud security will simplify management processes and provide real-time insights needed to detect and stop multi-stage attacks effectively.”
The acquisition aligns with SentinelOne’s strategy to expand its cloud security capabilities beyond workload security, aiming to transform security operations centers. Anand Prakash, founder and CEO of PingSafe and a prominent figure in the cybersecurity community, highlighted the potential of the combined capabilities, stating, “The combination of our cutting-edge CNAPP capabilities with SentinelOne’s market-leading AI security platform will supercharge cloud security by providing world-class protection for multi-cloud infrastructure.”
PingSafe’s CNAPP solution is known for its dynamic, real-time monitoring of multi-cloud workloads, simple setup and configuration, and low false positive rates, making it a preferred choice for customers like Razorpay and Groww.
With the acquisition, SentinelOne aims to offer advanced capabilities such as secrets scanning of runtime and build-time environments and an attack surface management rules engine. These capabilities will enhance the core CNAPP offerings like cloud security posture management, Kubernetes security posture management, agentless vulnerability scanning, and Infrastructure as code scanning.
The acquisition is subject to regulatory approvals and is expected to close in the near future. Further details about the acquisition will be disclosed upon completion.
This release contains forward-looking statements and involves risks and uncertainties, as detailed in the company’s filings with the Securities and Exchange Commission. SentinelOne remains committed to providing innovative solutions and driving advancements in the cybersecurity landscape.
