SentinelOne, the autonomous cybersecurity platform company, has announced the acquisition of Scalyr, a cloud-native, cloud-scale data analytics platform. With this acquisition, SentinelOne will be able to ingest, correlate, search and action data from any source, delivering the industry’s most advanced integrated XDR platform for real time threat mitigation across the enterprise and cloud.
Under the terms of the agreement, SentinelOne is acquiring Scalyr for US$155 million in equity and cash. The acquisition is expected to close during SentinelOne’s first quarter, subject to customary closing conditions. SentinelOne’s data services team will continue offering log management, observability and event data cloud solutions in conjunction with integrating Scalyr.
Through the acquisition, SentinelOne sets the bar for the XDR market and solves one of the biggest challenges in delivering a fully integrated XDR platform: ingesting and actioning all operational data in realtime from a security-first perspective. According to Gartner, “building an effective XDR is more challenging than it might seem. Lack of data collection, common data formats and APIs, as well as products built on legacy database structures, make it difficult to integrate security tools even within the same vendor’s product portfolio.”
Born in the cloud, Scalyr’s SaaS platform unlocks the full promise of XDR. By eliminating data schema requirements from the ingestion process and index limitations from querying, Scalyr can ingest massive amounts of machine and application data in real time, enabling organisations to analyse, query and action data with unparalleled speeds and cost-effectiveness.
“Through our acquisition of Scalyr, SentinelOne is solving one of the industry’s biggest data challenges for delivering fully integrated XDR capabilities. Scalyr’s big data technology is perfect for the use cases of XDR, ingesting terabytes of data across multiple systems and correlating it at machine speed so security professionals have actionable intelligence to autonomously detect, respond, and mitigate threats,” said Tomer Weingarten, Co-Founder and CEO, SentinelOne. “This is a dramatic leap forward for our industry – while other next-gen products are entirely reliant on SIEM integrations or OEMs for point in time data correlation and response, SentinelOne uniquely provides customers with proactive operational insights from a security-first perspective. The combination of Scalyr’s data analytics with our industry leading AI capabilities ushers in a new era of machine-speed prevention, detection, and response to attacks across the enterprise.”
Nicholas Warner, COO, SentinelOne, said: “This strategic acquisition accelerates SentinelOne’s unrivaled product innovation while maintaining a sustainable growth model. Scalyr’s technology solves one of the biggest operational challenges vendors face – balancing the cost structure of ingesting and storing massive amounts of data. Delivering the industry’s most advanced and integrated XDR platform bolsters our hyper-growth path while building a long-term, sustainable business that delivers value to customers and shareholders.”
Founded by the creator of Google Docs, Steve Newman, Scalyr created the industry’s first cloud-native, cloud-scale data analytics platform for log management and observability. Scalyr ingests and stores petabytes of structured and unstructured machine data and is optimised for high-cardinality, high-dimensionality data: searching and storing data at low-costs and high speeds.
“We built Scalyr to solve critical data challenges for a cloud-first world,” said Newman, Co-Founder and Chairman, Scalyr. “I’m excited for the Scalyr team to become part of SentinelOne and solve one of the world’s most pressing big data problems – cybersecurity.”
Christine Heckart, CEO, Scalyr, added that: “The security and data analytics industries are uniquely related, and this acquisition provides SentinelOne the opportunity to set the agenda as the XDR category leader. Scalyr’s current customers will benefit from expanded investment, and SentinelOne’s customers will enjoy Scalyr’s big data capabilities within the Singularity platform.”Click below to share this article