Twistlock
Twistlock was founded in 2015 and has raised a total of $63.1 million from investors.
  • Twistlock’s technology, which focuses on securing IT infrastructure tools.
  • Twistlock co-founders Ben Bernstein and Dima Stopel will join Palo Alto Networks.  

Cybersecurity startup Twistlock is being acquired by Santa Clara-based Palo Alto Networks for $410 million.

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The companies announced the deal Wednesday afternoon as part of Palo Alto Network’s third quarter earnings report. The move will add Twistlock’s technology, which focuses on securing IT infrastructure tools like containers and serverless functions, to Palo Alto Networks’ Prisma cloud security product.

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Twistlock was founded in 2015 and has raised a total of $63.1 million from investors. Last year, on the heels of a $33 million raise the company moved its headquarters from San Francisco to Portland. Prior to the headquarters shift, the company had a growing Portland office with several executives out of fellow Portland software-maker Puppet.

As a result of the deal, Twistlock co-founders Ben Bernstein and Dima Stopel will join Palo Alto Networks.

“Our vision for a cloud-native security platform is a natural fit with Palo Alto Networks cloud strategy,” said Bernstein, who is also Twistlock CEO, in a written statement. “We have like-minded teams, and we’re looking forward to accelerating our ability to serve customers and partners on their cloud-native journey together.”

On its own, Twistlock has more than 290 customers. According to TechCrunch, Twistlock has 120 employees. It is unclear what will happen to the Portland office.

Twistlock did not immediately return a request for comment. Palo Alto Networks (NYSE: PANW) makes cybersecurity products such as advanced firewalls and other software. In addition to Twistlock, Palo Alto Networks said it is also buying the firm PureSec for an undisclosed amount.

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“Today marks another exciting step forward in our commitment to offering our customers the industry’s most complete cloud security offering,” said Palo Alto Networks CEO Nikesh Arora in a written statement.

“We believe that our acquisition of these leading companies will significantly enhance our ability to be the cybersecurity partner of choice for our customers, while expanding our capabilities and strengthening our Prisma cloud security strategy.”

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