Cribl said on 14 July it is acquiring CardinalOps, an Israeli developer of agentic detection engineering software, in a deal Calcalist estimated at about US$100m.
Why Cribl, Inc. is buying CardinalOps
Cribl said CardinalOps adds detection engineering to its AI platform for telemetry, helping customers improve threat coverage, cut data costs and strengthen their security operations centres, and forms the basis of an open alternative to the SIEM stacks customers have outgrown.
“Security teams do not need more disconnected tools. They need a better way to turn telemetry into effective detections and outcomes.”
Deal terms and financing
The companies did not disclose the price. Calcalist estimated it at about US$100m and said CardinalOps' employees will join Cribl.
Market context
CardinalOps was founded in early 2020 by Michael Mumcuoglu and Yair Manor, whose previous companies were bought by Palo Alto Networks and Microsoft. Cribl, founded in 2018, has annual recurring revenue of more than US$300m, according to Calcalist.
