I read their website and there must be something secret they've got cooking behind the scenes cause the valuation makes zero sense to me.
The whole thing reads like all the dozen or so "cloud security" plays out there.
Either I'm missing something big, or their products are outrageously far ahead of all the other similar sounding products out there.
I've been known to roll my eyes at a lot of these sorts of product catalogues in the past though and so I'm definitely biased and not the target audience for their marketing.
Some CIO out there probably really does think that their security problems will finally be over once they purchase another half dozen dashboards click through and look at.
The product though is easy to set up, no friction - like 5 minutes per tenant; and in a few hours you have a really good picture of your security posture with very detailed explanations for every finding.
And the graph… very useful to understand why a finding is marked as high ir critical even though at first glance it does not look like it.
For Google they are worth 32B, they ARE the Google Security business from now on. They don't even have to be profitable themselves, having this aspect working means google get access to additional enterprise clients and in place they weren't previously present.
The whole thing reads like all the dozen or so "cloud security" plays out there.
Either I'm missing something big, or their products are outrageously far ahead of all the other similar sounding products out there.
I've been known to roll my eyes at a lot of these sorts of product catalogues in the past though and so I'm definitely biased and not the target audience for their marketing.
Some CIO out there probably really does think that their security problems will finally be over once they purchase another half dozen dashboards click through and look at.