CrowdStrike announced that it will buy identity management startup SGNL in a deal worth nearly US$740 million.
The acquisition aims to beef up defences in the age of AI cyberattacks, with users of CrowdStrike’s Falcon cloud security being able to better manage human and AI identity access requests and real-time risks.
“AI agents operate with superhuman speed and access, making every agent a privileged identity that must be protected,” Crowdstrike CEO and founder, George Kurtz, said.
“With SGNL, CrowdStrike will deliver continuous, real-time access control that eliminates the known and unknown gaps from legacy standing privileges.”
The deal is expected to close in the first quarter of fiscal 2027.
This follows a slew of cyberattacks, including Microsoft, which was hit with a wave of attacks targeting its SharePoint collaboration tool and AI startup Anthropic.
In the media release announcing the acquisition, CrowdStrike said the identity security market is expected to grow from around US$29 billion in 2025 to US$56 billion by 2029.
At the time of writing, CrowdStrike (NASDAQ: CRWD) stocks were down 3.14% to US$463.87. Its market capitalisation is US$116.94 billion.
