Zscaler Buys Israeli AI-Enhanced Data Security Startup Avalor
- The cash-and-stock deal is valued at about $310 million
- The agreement comes amid acquisition wave for Israeli startups
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Zscaler Inc. has acquired Israeli artificial intelligence data startup Avalor as the US-listed cloud security giant looks to advance its offering with the technology.
The Salesforce Ventures-backed startup uses AI to analyze data and look for security insights, which will be beneficial to its Zscaler’s business customers, according to Zscaler Chief Executive Officer Jay Chaudhry.