Abu Dhabi-headquartered CPX Holding, a number one supplier of cyber and bodily safety options, has acquired SpiderSilk, a UAE-based cyber-AI product firm, it introduced on Wednesday. The monetary particulars of the acquisition weren’t disclosed.
Based in 2019 by Rami El Malak and Mossab Hussein, SpiderSilk has developed AI-powered defensive applied sciences together with its flagship publicity administration platform, Resonance, autonomous SOC AI brokers, and a cyber intelligence platform.
Based on its web site, SpiderSilk’s platform repeatedly defends in opposition to non-coded vulnerabilities, model dangers, supply code publicity, third-party weaknesses, and darkish internet leaks. The corporate serves purchasers throughout the UAE, Saudi Arabia, and america.
The acquisition combines CPX’s experience in menace detection and remediation with SpiderSilk’s AI-driven applied sciences, enabling growth into key worldwide markets together with North America, Saudi Arabia, and the GCC area.
Hadi Anwar, CEO of CPX, in an announcement, stated, “By uniting two of the most effective cybersecurity innovators from the UAE, we’re constructing a powerhouse in cyber menace detection and response; domestically rooted, globally aggressive. This acquisition underscores our dedication to speedy development and international growth.”
SpiderSilk’s R&D heart will proceed to function, creating new options as a part of CPX. International Ventures and Dara Holdings, buyers in SpiderSilk, will stay concerned to help CPX’s development. The Dubai-headquartered startup had raised a complete of over $11 million, together with a $9 million spherical in November 2023.
“This acquisition is a game-changer, enabling us to amplify our affect, scale throughout a number of worldwide markets, and collectively attain new heights in defending companies globally,” stated Rami El Malak, CEO and Co-Founding father of SpiderSilk.
CPX, a G42 firm based in 2022, employs over 600 cyber and bodily safety specialists serving enterprises, governments, and demanding infrastructure sectors within the UAE and past. The acquisition aligns with the UAE’s imaginative and prescient to foster cutting-edge technological development and reinforces its place as a strategic hub for cybersecurity innovation.
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