Cybersecurity giant Check Point Software Technologies Ltd. today announced the acquisition of cloud email security startup Avanan Inc. for an undisclosed price.

CRN, referring to a source familiar with the situation, pegs the acquisition price as between $250 million to $300 million.

Founded in 2014 and with offices in New York and Tel Aviv, Avanan offers a cloud email and collaboration security platform. The company’s platform uses advanced artificial intelligence to protect inboxes with the click of a button to stop the most sophisticated phishing attacks before they reach the inbox.

Avanan pitches its platform as “leading the email security revolution” and makes several claims about its service. The company says that it was the first email security company to protect the entire collaboration suite, offer an application programming interface-based solution that blocks emails inline and implement security for Microsoft Teams.

Under the hood, the platform scans emails after default security, Secure Email Gateways and Advanced Threat Protection. Learning from the attacks those technologies miss, Avanan blocks attacks that evade traditional scans. The company’s AI also learns from relationships between employees, historical emails and communication patterns to build a custom threat profile that blocks attacks specific to each organization.

Avanan’s platform works with a range of services include Office 365, G Suite, Gmail, Slack, Outlook, Dropbox, Box, ShareFile, One Drive and Google Drive.

The Avanan platform will be integrated into the Check Point Infinity consolidated architecture. Using Avanan technology designed and built for cloud email environments, Check Point says, the combined product will be the only unified solution in the market to protect the remote workforce from malicious files, URLs and phishing across email, collaboration suites, web, network and endpoints.

“[With] more and more businesses are moving to cloud email platforms, and with email becoming a major channel to launch devastating cyber-attacks, this acquisition represents a huge potential as organizations are looking for a new approach to email and collaboration suite security,” Dr. Dorit Dor, Check Point’s chief product officer, said in a statement. “By integrating Avanan into Check Point Infinity, organizations will be able to modernize legacy solutions with email security-as-a-service and protect cloud email and collaboration suites from the most sophisticated attacks.”

Coming into its acquisition, Avanan had raised $41.4 million in venture capital funding, according to data from Crunchbase, including a round of $14.9 million in May 2016. Investors include Magma Venture Partners, Greenfield Partners, StageOne Ventures and TPG Growth.

Image: Avanan