Verizon acquires startup Niddel and its automated threat hunting platform
Verizon acquired automated threat hunting startup Niddel, according to a company release issued Friday.
The price of the acquisition was not disclosed.
Founded in 2014, Niddel offers a platform called Magnet that relies on machine learning, removing the need for human analysts to write code or process data in order to stop threats.
Founded by three computer scientists with Brazilian backgrounds, the company was awarded a U.S. patent for “Systems and methods for classifying malicious network events” in 2016.
“Verizon is the perfect partner to accelerate our long-term vision of delivering automation and intelligence solutions through machine learning to more organizations throughout the world,” said Niddel CEO Felipe Boucas.
“Using machine learning to improve information accuracy significantly reduces false positives and significantly improves our detection and response capabilities,” said Alexander Schlager, Verizon’s executive director for security services, in a release.
Verizon has long offered a wide array of cybersecurity services, from network and gateway security, security monitoring and operations, and incident response.
