VC-backed cybersecurity pair picked up by Palo Alto Networks

Venture capital-backed cybersecurity businesses Twistlock and PureSec have been bought by trade player Palo Alto Networks, with the first of the two selling for $410m.

Twistlock was backed by early stage investors including Iconiq Capital, YL Ventures, TenEleven, Rally Ventures, Polaris Partners and Dell Technologies Capital, while PureSec had received funding from Square Peg Capital, Entree Capital and TLV Partners.

PureSec focuses on serverless security, while Twistlock is a specialist in container security, operating across vulnerability management, compliance and runtime defense for cloud-native applications and workloads.

Both acquisitions are expected to close during Palo Alto Networks fiscal fourth quarter, subject to the satisfaction of regulatory approvals and other customary closing conditions.

Twistlock picked up a $33m Series C round last year led by Iconiq, bringing its total VC investment to $63m.

PureSec, meanwhile, had scored a $7m Series A round last October led by Square Peg, following a $3m seed round from 2017.

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