CrowdStrike Reportedly Nears $500 Million Deal for Israeli AI Security Firm Orion

American cybersecurity giant CrowdStrike is reportedly in advanced talks to acquire Israeli startup Orion Security for approximately $500 million. The deal, if finalized, would represent a significant exit for the young Israeli company, which was founded in 2024. Orion has developed an artificial intelligence-powered platform designed to autonomously protect sensitive information within organizations, aiming to revolutionize traditional data loss prevention (DLP) systems.

Orion's platform utilizes AI agents to analyze the context of user actions, considering factors like data sensitivity, history, user identity, and intent. This approach seeks to proactively identify and prevent data leaks, reduce false alarms, and detect risks that conventional systems might miss. The company was founded by CEO Nitai Milner, formerly a product lead at Radware, and CTO Jonathan Kreiner, previously head of application security at WalkMe.

To date, Orion has raised about $38 million, including a $32 million Series A funding round completed in February 2024. That round was led by Norwest Venture Partners and included participation from IBM and existing investors such as PICO Venture Partners and Lama Partners. The company currently employs around 20 people and is expanding its development centers in Israel and New York.

While the potential acquisition by CrowdStrike is a significant development, negotiations are ongoing, and there is no certainty that an agreement will be reached or that the deal will be completed. The reported valuation and the acquisition itself are not yet considered definitive.