Security Startup Acquired By Hewlett Packard

Hewlett Packard Enterprise HPE has acquired a security startup that provides tools of identity-driven and large scale distributed software, Scytale, TechCrunch reported

What Happened?

Scytale founded in 2017 by a team of engineers from cloud-native enterprises like Amazon Web Services, Google, Okta, PagerDuty.

The startup is the founding contributor of the Secure Production Identity Framework for Everyone (SPIFFE). According to Husak, “HPE is fully-committed to continuing Scytale’s stewardship and contributions to SPIFFE and SPIRE (SPIFFE Runtime Environment), and these projects will play a fundamental role in HPE’s plans to deliver a dynamic, open, and secure edge-to-cloud platform.” 

What Else Is There?

Scytale has raised $8 million since it was funded. The last funding type was Series A, which raised $5 million.

Price Action

HPE shares traded 1.51% higher at $14.14 at press time on Monday.

Market News and Data brought to you by Benzinga APIs
Posted In: M&ANewsMarketsTechGeneralhewlett packardsecuritytechcrunch
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...