Stanford-StartX Fund is set to exit the IoT security platform developer in a $75m purchase by Palo Alto Networks.
Cybersecurity software provider Palo Alto Networks agreed yesterday to acquire internet-of-things (IoT) security technology developer Zingbox in a $75m transaction that will enable Stanford-StartX Fund, a vehicle linked to Stanford university’s StartX accelerator, to exit.
Founded in 2014, Zingbox has created a software platform that uses artificial intelligence and machine learning to detect cyber threats to connected devices and systems and help secure them against attacks.
Palo Alto Networks will incorporate the company’s technology into its Cortex and…
