According to Reuters, Google’s $500 million acquisition of Israel-based startup Siemplify is intended to assist the company bolster its own cloud security program, Chronicle. Google described Siemplify as a security orchestration, automation, and response (SOAR) firm in a blog post announcing the acquisition, and expects to integrate its features into Chronicle.
Google’s acquisition of Siemplify comes just a few months after the internet behemoth pledged to invest more than $10 billion over the next five years to boost US cybersecurity. In the aftermath of the significant attacks on the Colonial Pipeline and Microsoft Exchange Server, President Joe Biden signed an executive order in May to help bolster national cybersecurity.
Siemplify was founded in 2015 and has raised a total of $58 million from investors to date, according to Reuters. According to a source close to the matter, Google became interested in acquiring the business after learning that Siemplify was planning another round of funding. Siemplify is now a part of the Google Cloud family, with Chronicle.