Aqua Security snaps up software development security firm Argon

Israeli cloud security company Aqua Security has announced the acquisition of its compatriot Argon.

According to Security Week, Aqua told the publication that the acquisition price is in the ‘tens of millions of dollars’.

Aqua said that the purchase of Argon will ‘complement its capabilities’ and will enable its platform to become capable of protecting the full software development lifecycle, including cloud applications, CI/CD infrastructure and their code.

Aqua co-founder and CEO Dror Davidoff said, “With the addition of Argon to the Aqua Platform, we continue to execute on our vision of full lifecycle cloud native protection. There’s a lot of noise in the growing cloud native security market, but few vendors offer true CNAPP capabilities.

“The addition of Argon’s unique technology propels Aqua even further ahead of the competition making us the only vendor in the space that fully protects how cloud applications are developed, deployed, and run.”

Earlier this year, Aqua became a cybersecurity unicorn when its $135m Series E raise put the company’s valuation at more than $1bn. The firm also recently secured a strategic investment from Capital One Ventures. To date, Aqua has raised a total of $256m in funding.

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