CrowdStrike to Buy Identity Security Firm SGNL for $740 Million in Cash

Cybersecurity giant CrowdStrike (NASDAQ: CRWD) announced plans on Thursday to acquire identity security startup SGNL in its latest acquisition to expand its capabilities.

The deal is valued at $740 million, which will be paid predominantly in cash, a CrowdStrike spokesperson told SecurityWeek.

Founded in 2021, Palo Alto, California-based SGNL has built an “identity-first” security solution that protects organizations’ assets by eliminating static credentials and providing real-time automated access decisions.

CrowdStrike says the acquisition will enable access for human, non-human (NHI), and AI identities to be continuously granted and revoked based on real-time risk and ensure that all stakeholders – such as employees, contractors, and partners – are provided with the right access at the right time.

“AI agents operate with superhuman speed and access, making every agent a privileged identity that must be protected,” said George Kurtz, CEO and founder of CrowdStrike. “With SGNL, CrowdStrike will deliver continuous, real-time access control that ...