Amazon Web Services has acquired San Diego-based data security startup Harvest.ai Inc., according to multiple reports published Monday.
Although the deal wasn’t confirmed by either company, TechCrunch reported the cost of the acquisition was $19 million. Founded in 2014, Harvest.ai offers a platform that combines machine learning and artificial intelligence to enable organizations to identify and stop data breaches, insider threats and stolen credentials.
The company’s MACIE Analytics is aimed at protecting user accounts from compromise and theft of data and intellectual property through the use of AI to track intellectual property across an enterprise network. It can identify whether a user should be accessing certain documents, as well as the risk to a business that data is being exposed or shared outside the organization. MACIE is also said to be able to detect not only changes in a single users behavior but to be able to detect minor shifts in groups of users, which can indicate an attack.
GeekWire claims that Trinity Ventures General Partner Fred Wang confirmed that the company had been acquired in “early 2016” and that while declining to confirm the purchase price described it as a “good win for the investors and for the management team,” in a phone interview. Wang is also said to have noted that AWS is now selling Harvest.ai’s technology but is not sure if it has been rolled out into AWS’s services.
Whether or not the technology has been integrated into AWS, the purchase is a positive when it comes to Amazon’s ever-increasing range of cloud services. It could boost AWS’s enterprise security offerings with a platform that offers data loss protection in an age of increasing attacks and corporate espionage.
Coming into the acquisition, Harvest.ai had raised $2.71 million in two rounds from investors including Kelly Perdew, Moonshot Capital and Trinity Ventures. Employees reportedly were relocated to Amazon’s offices in Seattle when the deal was completed.