Six-month-old Israeli startup is bought by cyber unicorn Cyera for about $50 million |
Six months after it was founded, Israeli startup Genie Security has been acquired to bolster cybersecurity unicorn Cyera’s AI data security platform as businesses increasingly adopt autonomous AI agents and need to secure their most sensitive information.
No financial details were confirmed, but sources close to the deal estimated the acquisition value at about $50 million. The deal was first published by Israeli financial daily Calcalist on Wednesday.
Genie Security was founded with five employees by CEO Nadav Noy, a graduate of the vaunted IDF intelligence unit 8200 and winner of the Israel Defense Prize; and CTO Noam Dotan, a graduate of the IDF’s Matzov information security unit. The two founders previously worked together at Israeli cybersecurity startup Legit Security before setting out six months ago to develop technology “to solve massive security challenges brought on by the rise of AI agents.”
The acquisition deal comes as companies are rapidly integrating autonomous assistants into existing software systems, business processes, and workflows, which open up data leakage risks. Agentic AI or virtual AI agents act similarly to smart assistants, using reasoning to make real-time decisions and complete complex tasks with minimal human input such as collating and analyzing vast amounts of data.
As part of day-to-day workflows,........