American cybersecurity giant Fortinet has acquired Israeli SaaS security startup Suridata, the company revealed in a blog post. Although financial details were not disclosed, the deal is estimated to be worth tens of millions of dollars.
Founded in 2019 by Lee Kappon (CEO) and Haviv Ohayon (CPO)—both veterans of Israel’s elite Unit 8200 intelligence unit—Suridata focuses on SaaS Security Posture Management (SSPM). Its platform helps organizations monitor, assess, and mitigate risks across cloud-based applications. To date, the company has raised about $14 million in two funding rounds, the latest in 2022, with backing from New Era Capital Partners, SixThirty Ventures, and various local and international angel investors.
Fortinet said the acquisition is aimed at enhancing its Unified SASE (Secure Access Service Edge) solutions. By integrating Suridata’s SSPM technology, the company plans to improve visibility and control over SaaS environments—a growing vulnerability in enterprise cybersecurity strategies.
“Modern security architecture demands interconnected protection across users, apps, and identities – no matter where they reside,” Fortinet wrote in its blog post. “SSPM is not an add-on. It’s a necessary control plane that ensures SASE and CASB solutions can operate effectively in today’s SaaS-first world. Suridata brings a leading SSPM solution to enhance Fortinet’s Unified SASE security platform and CASB capabilities.”
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Suridata’s technology employs machine learning and natural language processing to identify sensitive data, monitor user behavior, detect configuration issues, and provide automated remediation recommendations. These capabilities have become increasingly critical as organizations adopt numerous SaaS tools across departments, often without centralized governance.
This deal marks another step in Fortinet’s growing presence in Israel, following its acquisition of Perception Point for approximately $100 million in December and EnSilo in 2019.