IBM has announced that it’s acquiring Randori, a Boston-based offensive security startup that combines attack surface management (ASM) with continuous automated red reaming (CART) to help organizations bolster their cyber defenses.
The financial terms of the deal were not disclosed, but Crunchbase data shows that Randori has a valuation in the range of $50 million to $100 million. The hacker-led startup has raised almost $30 million across two funding rounds, most recently a $20 million Series A investment led by Harmony Partners in April 2020.
ASM – the continuous discovery, inventory, classification, and monitoring of a company’s IT infrastructure – is becoming a must-have for organizations of all sizes. The number of potential exposure points in hybrid cloud operating environments is growing exponentially as a result of the pandemic-fueled shift to remote and hybrid working, with IBM data showing that 67% of organizations saw their external attack surface expand over the past two years due to the rising use of cloud, third-par …
