CrowdStrike to Acquire Application Intelligence Startup Bionic

The cash-and-stock transaction provides capabilities for CrowdStrike to beef up its enterprise cloud security portfolio.

Cybersecurity vendor CrowdStrike on Tuesday announced plans to acquire Bionic, a Silicon Valley startup selling tools in the Application Security Posture Management (ASPM) category.

The cash-and-stock transaction is valued in the range of $350 million and provides capabilities for CrowdStrike to beef up its enterprise cloud security portfolio.

Bionic, which emerged from stealth in 2020 with $17 million in early-stage funding, has raised a total of $77 million from Insight Partners, Cyberstarts, and Battery Ventures.

Bionic, which styles itself as an application intelligence firm, has built technology to help defenders discover and map all application services, databases, microservices, third-parties, APIs, and data flows across cloud service providers and both hybrid and on-premise application deployments.

The company offers toolking to integrate enterprise apps with CI/CD pipelines, removing the requirement for sensitive source code access and ...