In the age of AI, companies are spending more on cybersecurity to protect against increasingly sophisticated threats.
This year has also been significant for major cybersecurity deals as companies look to enhance their threat protection capabilities. That includes Google’s $32 billion acquisition of cloud security startup Wiz and Palo Alto Networks’ $25 billion deal for CyberArk.
ServiceNow said Armis has topped $340 million in annual recurring revenue with 50% year-over-year growth, up from $300 million disclosed in August.
These niche companies are always a winner. There will always be some or the other hype for so and so technology and they remain relevant, while others may die.