SentinelOne’s deal to acquire PingSafe valued the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest deals emerging from India.
The New York Stock Exchange-listed AI security firm disclosed the cash and equity deal last week, but didn’t reveal the financial terms.
Founded in 2021, PingSafe is a relatively new and small security company with <100 employees and ~50+ customers, mostly in India.
The British bank also estimated the size of the deal to be about $100 million.
PingSafe is “among the fastest ‘seed to significant exits’ Indian ecosystem has ever seen,” Rajan Anandan, who leads Surge at Peak XV, tweeted last week.
Salesforce has announced plans to acquire Spiff, a platform that automates commission management for sales teams.
The deal also constitutes the latest in a line of ecosystem companies that Salesforce has eventually brought in-house.
Back in September Salesforce acquired Airkit, a low-code platform for building AI customer service agents.
And similar to Spiff, Airkit was also available on AppExchange.
So it’s clear that Salesforce continues to see tried-and-tested ecosystem companies as a safe bet for its M&A endeavors, with “low-code” playing a key factor too.
Australia-based link-in-bio platform Linktree announced today that it has acquired competitor Koji from its parent company GoMeta for an undisclosed amount.
The company is offering Koji users three months of Linktree Pro plan as a trial.
“We’re thrilled to welcome Koji users to the Linktree community and are excited to continue to innovate on the category we created.
The company launched Koji as a link-in-bio platform in March 2021 and raised $16 million through its parent entity.
In a previous avatar, Koji let non-technical developers make “mini apps on the web,” which were later turned into templates on the link-in-bio platform.
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