Palo Alto Networks to acquire Dig Security

Palo Alto Networks has announced a definitive agreement to acquire Dig Security, a start-up specializing in Data Security Posture Management (DSPM), with offices in Tel Aviv, Israel, and New York. Financial terms of the deal was not disclosed, but the transaction is reportedly pegged at $400 million.

Dig founders Dan Benjamin, Ido Azran, and Gad Akuka will continue leading their teams in joining the Prisma Cloud team at Palo Alto Networks after closing. Dig Security’s DSPM solution will be integrated into Palo Alto Networks’ Prisma Cloud platform.

Dig’s DSPM solution enables organizations to discover, classify, monitor, and protect sensitive data across all cloud data stores.

You can find the Palo Alto Networks blog post on the acquisition here.

[Image courtesy: Dig Security]

Just in

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.