PayPal buys cybersecurity company CyActive for $60m

Mar 9, 2015 • Thierry Heles

The Siemens-backed cybersecurity startup, founded in 2013, had reportedly raised about $2m in funding.

Israel-based cybersecurity company CyActive has been acquired by online payment processing company PayPal for $60m giving an exit to conglomerate Siemens, Globes reported on Thursday.

PayPal and CyActive have not yet officially confirmed the acquisition, but the deal has reportedly been signed and will close in the near future.

Established in 2013 as part of an incubator run by venture capital firm Jerualem Venture Partners (JVP), CyActive has developed predictive cybersecurity software which is able to proactively detect new threats…

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