Fresh off of acquiring Dig Security Solutions Ltd. at the end of October, Palo Alto Networks Inc. has continued its acquisition spree by announcing today that it’s acquiring Israeli enterprise browsing platform company Talon Cyber Security Ltd. for a reported $625 million.

The companies didn’t provide details, but according to a report today in Ctech by Calcalist, employees of Talon are expected to receive an estimated $70 million to $80 million as part of the deal, resulting in a substantial number of employees receiving compensation exceeding $1 million each. As of its last venture capital round in August 2022, Talon was reportedly valued at $350 million.

Founded in 2021, Talon offers a secure enterprise browser called TalonWork that is designed to allow a company’s employees to access the cloud applications they use for their work. Based on Chromium, the open-source browser engine that powers Google Chrome, Talon differs from Chrome with an array of cybersecurity features designed to block hacking attempts.

TalonWork blocks cyberattacks that target users’ browser installations with settings optimized to make them less susceptible to hacking. The browser includes features that block cyberattacks targeting the browser’s rendering engine, the component responsible for processing multimedia content in web pages.

In an enterprise setting, administrators can manage employees’ TalonWork installations through a cloud-based dashboard. The dashboard is said to highlight potentially malicious browser extensions and help with related tasks, such as downloading security updates.

To protect against the risk of hackers stealing business data, the browser can encrypt files before they’re downloaded. TalonWork also makes it possible to limit access to the key features of a cloud application.

Palo Alto Networks was first reported to be looking to acquire Talon in September at a reported price of $600 million. The $625 million it paid is a nice exit for a company that is only two years old.

“Having been an investor in Talon since the Seed round, the appeal for Palo Alto Networks is that this acquisition sets them up to become the first $100 billion market-cap security company,” Jake Seid, co-founder and general partner of Talon investor Ballistic Ventures LLC, told SiliconANGLE. “The enterprise browser is ultimately the next generation of endpoint security and endpoint detection and fesponse, which has created single and double-digit-billion market-cap public companies. Talon’s value goes beyond making companies more secure in that it also makes employees in a work-from-anywhere world more productive with the best user experience.”

Coming into its acquisition, Talon had reportedly raised $126 million in funding. Investors in Talon included Evolution Equity Partners LLC, Ballistic Ventures, CrowdStrike Falcon Fund L.P., Merlin Ventures LLC, SYN Ventures LLC, Lightspeed Venture Partners LP, Sorenson Ventures LLC and Team8 Ltd.

Palo Alto Networks has been a regular acquirer of startups, having purchased more than a half-dozen companies in deals worth more than $1.5 billion since 2019. Palo Alto Networks’ largest acquisition was the $560 million purchase of Demisto Inc. in 2019.

Image: Talon