Suridata Acquired by Fortinet to Boost SaaS Security
Deal News | May 22, 2025 | New Era Capital GP Ltd
Suridata, an Israeli cybersecurity startup, has been acquired by Fortinet, a prominent cybersecurity firm, for a sum in the tens of millions of dollars. Suridata specializes in an AI-powered platform designed to secure SaaS applications, and had previously raised about $14 million from investors. New Era Capital GP Ltd., a private equity firm, was one of the backers of Suridata. Through this acquisition, Fortinet aims to enhance its capabilities in the SaaS protection domain, leveraging Suridata's innovative technology to strengthen its market position.
Sectors
- Cybersecurity
- Private Equity
- Software-as-a-Service (SaaS)
Geography
- Israel – Suridata, the target company, is an Israeli startup, situating part of the article's focus geographically in Israel.
- United States – Fortinet is a U.S.-based global cybersecurity company, making the U.S. a relevant geographical classification.
Industry
- Cybersecurity – The article pertains to the cybersecurity industry as both Fortinet and Suridata are involved in developing technologies to protect digital information.
- Private Equity – New Era Capital GP Ltd., a private equity firm, was involved in the funding and backing of Suridata prior to its acquisition, highlighting engagement in private equity activities.
- Software-as-a-Service (SaaS) – Suridata is recognized for its platform aimed at protecting SaaS applications, making the SaaS industry a relevant classification for this article.
Financials
- Tens of millions – The deal value for Fortinet's acquisition of Suridata.
- $14 million – The amount raised by Suridata from investors prior to the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Suridata | Target Company | Company | An Israeli startup specializing in an AI-powered platform for SaaS application protection. |
| Fortinet | Bidding Company | Company | A prominent cybersecurity firm acquiring Suridata to enhance its SaaS protection capabilities. |
| New Era Capital GP Ltd. | Investor | Company | A private equity firm that provided funding to Suridata prior to its acquisition by Fortinet. |