Cyber unicorn Aikido acquires Israeli startup Root for $70-$100 million

Aikido, a cybersecurity unicorn, has announced its acquisition of the Israeli startup Root for a transaction valued between $70 million and $100 million. This acquisition is expected to enhance Aikido’s portfolio in cybersecurity solutions, leveraging Root's innovative technologies.

The deal highlights the growing importance of Israeli startups in the global tech landscape, especially in the cybersecurity sector, which continues to attract significant investments and attention from major players in the industry.