bursa escort ankara escort adana escort manavgat escort eskişehir escort malatya escort diyarbakır escort urfa escort şişli escort avcılar escort sarıyer escort şişli escort mecidiyeköy escort beşiktaş escort pendik escort maltepe escort ataşehir escort kadıköy escort çeşme escort konya escort beylikdüzü escort esenyurt escort ankara escort mezitli escort manavgat escort konya escort antalya escort diyarbakır escort esenyurt escort

Weaveworks Limited acquires cloud security startup Magalix

EGYPT – Magalix, an Egyptian-American cloud security startup, has been acquired by Weaveworks Limited, a GitOps company with headquarters in London and San Francisco.

Weaveworks is a company founded in 2014 that helps teams adopt cloud native computing, managing cloud native infrastructure and applications quickly, reliably, and at scale.

Weaveworks raised a US$36.65 million Series C funding round in December 2020  led by some of the world’s leading public cloud and telecommunications companies, bringing total funds raised to date to US$60 million, and its investors include Amazon Web Services (AWS), Ericsson and Google Ventures.

“We are seeing an increase in customers who run a zero-trust security model turning to GitOps to bring DevOps to cloud-native application development and IT operations,” said Mohamed Ahmed, founder, and CEO of Magalix.

“Similar to how DevOps disrupted infrastructure management, we believe that integrating security into GitOps pipelines brings considerable agility and speed, preventing errors and protecting against attacks that could shut down the entire platform.

“Imagine securing your platforms 100 times faster with very high confidence while evolving them. Weaveworks and Magalix share that joint mission to make it easy to innovate fast without jeopardising security and stability.”

Founded in 2017 by Egyptian American entrepreneurs Ahmed F. Mohamed and Ahmed Badran, and headquartered in the US with its R&D engineering team in Egypt, Magalix built a platform that enables organisations to embed security and compliance using DevOps methodologies.

“Enterprise customers have made it clear that trusted application delivery is critical to the success of their increasingly complex cloud native platforms,” said Alexis Richardson, CEO of Weaveworks.

“With the acquisition of Magalix, Weaveworks introduces customisable policies, compliance capabilities and comprehensive risk visibility into GitOps workflows, ensuring only authorized applications are deployed and there are no nefarious activities.”

Security and compliance policies are ‘codified’ and built into the system according to company- and sector-mandated ‘playbooks’ and ‘recipes’.

Magalix has completed multiple rounds of investments, totalling US$4.2 million, with its Egyptian investors including Endure Capital and Egypt Ventures.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.