UPDATED 19:20 EDT / JUNE 06 2024

SECURITY

Tenable expands cloud data security capabilities with Eureka Security acquisition

Network security company Tenable Holdings Inc. today announced it plans to acquire Israeli cloud data security posture management platform startup Eureka Security Inc. for an undisclosed price.

Founded in 2021, Eureka offers a service for security teams to mitigate the risk of data loss and theft in multicloud environments. It does so by delivering control over an organization’s entire cloud data security posture and compliance.

The company’s solution is designed to address the security problems caused by rapid cloud migration in corporations, which is becoming an increasingly attractive target for bad actors. Eureka argues that as the volume and value of cloud data rise, so does the risk associated with this data and the need for enterprises to comply with complex regulations.

Eureka tackles the security challenges faced by rapid cloud migration without inhibiting productivity through automation. The company’s platform provides a discovery and classification mechanism and a unified policy engine that integrates with all cloud platforms and processes that organizations use to enable datastore inventory and contextualization, policy definition and deployment, and risk monitoring and management.

Tenable plans to integrate Eureka’s data security posture management solutions into its cloud-native application protection platform to help customers identify key evidence related to cloud data risk. Support will include where sensitive data resides in the cloud, who has access to that data and the severity of the risk posed by potential data compromise.

“Eureka Security’s technology will enable Tenable to provide even better prioritization of cloud risks and identify toxic combinations beyond vulnerabilities, misconfigurations and over-privileged access to include data at risk as well,” Shai Morag, senior vice president and general manager of cloud security at Tenable, said in a statement.

Coming into its acquisition, Eureka Security had raised one round of venture capital funding — $8 million in January 2022. Investors in the company include YL Ventures Ltd., ICI Fund LLC and a number of individual investors.

Image: Eureka Security

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