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Microsoft confirms acquisition of CyberX to boost security in its Azure IoT business

June 23, 2020 / Ingrid Lunden

Another big acquisition out of Israel this week points to how bigger tech companies are using the economic slowdown to focus on their longer-term strategies and shore up assets to support that. Today Microsoft announced that it would be acquiring CyberX, a security startup that focuses specifically on detecting, stopping, and predicting security breaches on internet of things networks and the networks of large industrial organizations. Terms of the deal are not being disclosed — we’re asking still — but sources say that it’s in the region of $165 million.