SentinelOne – a global leader in AI-powered security – announced today that it has agreed to acquire PingSafe. The acquisition of PingSafe’s cloud-native application protection platform (CNAPP) – when combined with SentinelOne’s cloud workload security and cloud data security capabilities – will provide companies with a fully integrated platform that drives better coverage, hygiene, and automation across their entire cloud footprint.
Integrating PingSafe’s CNAPP into SentinelOne’s Singularity Platform represents a paradigm shift in cloud security. Rather than depending on point solutions or a standalone cloud security platform, companies can now access a unified security platform with advanced real-time, AI-powered security operations to protect the entire enterprise across endpoints, identities, and clouds.
SentinelOne has steadily extended its cloud security capabilities beyond cloud workload security, and the acquisition of PingSafe will advance this strategy. And the move also aligns with the Singularity Unity Release strategy SentinelOne announced in November to transform security operations centers. PingSafe’s CNAPP solution delivers dynamic and real-time monitoring of multi-cloud workloads, simple setup and configuration and low false positive rates. And customers see it as superior to alternative solutions in the market.
Through the acquisition of PingSafe, SentinelOne will offer differentiated capabilities such as advanced secrets scanning of runtime and build-time environments and an attack surface management rules engine that runs breach and attack simulation scenarios against Internet-exposed cloud assets to identify how an adversary could compromise those assets. And these capabilities will be in addition to core CNAPP capabilities like cloud security posture management, Kubernetes security posture management, agentless vulnerability scanning, and shift-left Infrastructure as code scanning.
SentinelOne will buy PingSafe for a combination of cash and stock. The deal is expected to close in SentinelOne’s first quarter of fiscal year 2025, subject to any applicable regulatory approvals and customary closing conditions.
KEY QUOTES:
“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 eliminate the need for companies to navigate the complexity of multiple-point solutions, triage and investigate with incomplete context, or pipe data between disparate data silos. Instead, they can comprehensively manage their entire attack surface from a single platform that, unlike legacy CNAPP and standalone providers, delivers the full context, real-time interaction and analytics needed to correlate, detect and stop multi-stage attacks in a simple, automated way.”
“Combined with our Singularity Data Lake, Purple AI, endpoint security, and identity security capabilities, PingSafe will enable us to provide a compelling and cost-effective alternative to standalone CNAPP offerings unlike anything else in the market and a superior, more integrated user experience.”
— Ric Smith, Chief Product and Technology Officer, SentinelOne
“SentinelOne is a pioneer and leader in AI-powered security, and we share a common mission to secure the cloud and make the Internet a safer place. 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, from development to deployment.”
— Anand Prakash, founder and CEO of PingSafe and one of the world’s top five white hat hackers
“With more than $100 billion in transactions flowing through our network, nothing is more important than ensuring the security of our environment. With PingSafe, we can cut through the noise delivered by many CNAPP solutions to identify and prioritize the most critical threats and take an offensive approach to preventing them before they impact our business.”
— Ashwath Kumar, Principal Security Engineer at Razorpay, one of the largest payment processors in India
“We operate in a regulated but growing industry. It is an industry where one needs to adapt to change at lightning speed, and ensuring compliance in doing so is a key requirement. We must be able to quickly identify, prioritize and respond to cloud misconfiguration seamlessly and correlate issues across our large cloud environment, and PingSafe provides us with a centralized dashboard that makes this easy and cost-effective to do.”
— Prajal Kulkarni, CISO Groww
