Cybersecurity Firm Eco Acquires Competitor Minimus’ Assets in Multi-Million Dollar Deal
Israeli cybersecurity company Eco has acquired the assets of its competitor Minimus in a cash transaction valued at several million dollars. Minimus decided to cease operations and return part of the funds raised to its investors. As part of the deal, Eco will obtain Minimus’ developed technology and take over its customer base, which includes major firms such as Blackstone, SentinelOne, RBS, and other Fortune 500 companies. Some Minimus employees will be offered positions at Eco.
Minimus announced its closure last week after its founders failed in a second attempt to spin off the company’s operations. The acquisition is expected to enhance Eco’s software and service portfolio. Both companies specialized in secure infrastructure for organizations and software supply chain security, focusing on preventing vulnerabilities during software development rather than fixing them afterward. They used common open-source software components to automatically detect and patch security flaws, providing organizations with hardened, secure versions to integrate directly.
Eco’s CEO and co-founder, Elon Elhadad, stated that Minimus had built significant technology addressing a fundamental security issue, and Eco saw an opportunity to preserve and integrate this work. Minimus’ co-founder and CEO, Ben Bernstein, emphasized their shared belief in secure-by-default software and expressed confidence that their technology and customers are now in the right hands.
Eco was founded in 2025 by serial entrepreneurs Elon Elhadad and Ilam Milner, who previously sold a startup to Aqua Security for $100 million. Eco has raised $50 million in seed and Series A funding from investors including Notable Capital, N47, Hyperwise Ventures, SentinelOne, and SVCI. Minimus was established in 2022 by Bernstein, Dima Stopel, and John Morello, who had sold their previous company to Palo Alto Networks. Minimus raised $51 million in seed funding led by YL Ventures with participation from Mayfield and several Waze founders.
