Cyber security provider Palo Alta to acquire Demisto Inc for $560 million

Demisto develops and markets automation tools for information security management, including a chatbot that assists in handling tasks. Palo Alto Networks Inc, a cyber security company stated it would be acquiring Demisto Inc, a U.S.-Israeli information security firm for $560 million using cash and stock. Founded in 2015 by four McAfee executives, Demisto develops and…

Messaging & business collaboration developer Slack raising $250 in new funding round

As per the latest valuation, Slack has been valued at a little over $5 billion.   Sources familiar with the matter have disclosed, San Francisco-based Slack Technologies Inc is raising $250 million in a new funding round which will boost its valuation. Silicon Valley startups are enjoying a surge in venture capital investments. Slack Technologies,…