NetApp Acquires Israeli Data Protection Startup Cognigo
Hagar Ravet, CTech
| 27/05/2019
Nasdaq-listed cloud data services company NetApp has acquired Tel Aviv-based data protection and compliance startup Cognigo, registered as D.Day Labs, for approximately $70 million, according to several sources familiar with the matter who spoke to Calcalist on condition of anonymity.
Cognigo’s 35 employees will join NetApp’s development center in central Israel, though it remains unclear whether the Israeli company will continue to operate independently, the sources said.
Founded in 2016, Cognigo uses machine learning technologies to help organizations manage and protect critical data records and achieve compliance with privacy regulations such as GDPR. The company has raised around $11 million to date from investors including State of Mind Ventures, OurCrowd, and Prosegur Compañía de Seguridad SA.
In 2017, NetApp acquired Isreal-based lead storage startup Plexistor.
In response to Calcalist’s request for comment, Cognigo co-founder and CEO Guy Leibovitz stated that his company is very happy to join NetApp and extend its product offering.
First published on calcalistech.com
Nasdaq-listed cloud data services company NetApp has acquired Tel Aviv-based data protection and compliance startup Cognigo, registered as D.Day Labs, for approximately $70 million, according to several sources familiar with the matter who spoke to Calcalist on condition of anonymity.
Cognigo’s 35 employees will join NetApp’s development center in central Israel, though it remains unclear whether the Israeli company will continue to operate independently, the sources said.
Founded in 2016, Cognigo uses machine learning technologies to help organizations manage and protect critical data records and achieve compliance with privacy regulations such as GDPR. The company has raised around $11 million to date from investors including State of Mind Ventures, OurCrowd, and Prosegur Compañía de Seguridad SA.
In 2017, NetApp acquired Isreal-based lead storage startup Plexistor.
In response to Calcalist’s request for comment, Cognigo co-founder and CEO Guy Leibovitz stated that his company is very happy to join NetApp and extend its product offering.
First published on calcalistech.com
