Updated at 12:58 p.m. on May 24, 2017: Regarding the alleged acquisition of Hexadite, a Microsoft spokesperson wrote in an email to BostInno that “Unfortunately, we have nothing to share at this time.”
Tech giant Microsoft has acquired cybersecurity company Hexadite for $100 million, the Israeli business news website Calcalist reported on Wednesday.
The news was first reported by an Israeli source probably because the company’s research and development department is based in Tel-Aviv. However, the firm headquarters are in Boston.
Founded in 2014 in Israel, Hexadite produces AI-powered software to investigate online threats, rate the seriousness of alerts and provide an automated response. In 2016, the company opened the Boston office for its marketing, sales and business development teams. Hexadite raised $8 million Series A round in 2016 from Hewlett Packard Ventures, Ten Eleven Ventures, and YL Ventures.
In April the firm hired Jessica Couto, a former vice president at Carbonite, to run Hexadite’s new security automation channel program.
In January, Microsoft said it plans to continue to invest more than $1 billion annually on cybersecurity research and development in the coming years, Fortune reported. The reported rumor about Hexadite acquisition comes after other reports that Microsoft would be acquiring Cloudyn, another Israeli startup. According to TechCrunch, both the Hexadite and Cloudyn acquisitions are in progress, and the Hexadite acquisition will likely be announced in a couple of weeks.
We’ve reached out to Hexadite and we’ll update this post as soon as we hear back.