Palo Alto Networks Inc. is reportedly in talks to acquire Demisto Inc., a Cupertino digital security startup founded by four former McAfee executives.
The Calcalist financial daily news website cited unnamed sources in a story about the talks. It said that Demisto co-founder Dan Sarel, who previously was in charge of database and end point security at Santa Clara-based McAfee, declined to comment on the matter.
He did say, however, that Demisto “is now experiencing significant growth in both sales and number of employees.”
Demisto has raised a total of $69 million and was valued at about $218 million after its most recent round in the fall, according to PitchBook Data. Its investors include Greylock Partners, Accel and ClearSky.
Co-founder Rishi Bhargava told the Silicon Valley Business Journal last year that Demisto had more than doubled its workforce to about 120 employees and he expected its headcount to double again this year. Bhargava is a former chief of software-defined data center security products at both McAfee and Santa Clara-based chipmaker Intel Corp. more