📝 CyberArk raises $175M

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CyberArk, a leader in identity security, has acquired cloud-native identity governance platform Zilla Security for up to $175 million to enhance its AI-driven, cloud-focused capabilities. Founded in 1999, CyberArk has evolved from privileged access security to broader access management, while Zilla, founded in 2019, brings automation and AI expertise to the table. The deal aligns with CyberArk’s rapid growth, as the company posted a 41% revenue surge in Q4, with subscription revenue up 62% and annual recurring revenue exceeding $1 billion, fueling its $18 billion market valuation.

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