Hexadite
Israeli automated incident-response start-up (2014–2017) founded by three former Intelligence Corps officers; bought by Microsoft in 2017 for a reported $100 million
| Hexadite
| |
|---|---|
| Logo |  Hexadite logo |
| Type | Private company (acquired) |
| Founded | 2014 |
| Founder(s) | Eran Barak, Idan Levin, Barak Klinghoffer |
| Defunct | 2017 (acquired by Microsoft) |
| Headquarters | Boston, with its development office in Tel Aviv (according to Globes) |
| Industry | Cyber security |
| Services | Automated incident investigation and remediation |
| Parent | Microsoft (from 2017) |
Hexadite was an Israeli cyber-security company that used artificial intelligence to investigate and respond to cyber attacks automatically. It was founded in 2014 by Eran Barak, Idan Levin and Barak Klinghoffer.[1] TechCrunch reported at its launch that "all three company founders served in the Intelligence Corps in Israel working on cybersecurity issues" (Intelligence Corps).[2] Microsoft agreed to buy the company in June 2017, for a price reported to be about $100 million.[1][3]
Founders and military service
TechCrunch described Hexadite in July 2014 as "launched by three former Israeli intelligence officials". It reported that the chief executive, Eran Barak, said that he and his partners "came from a cybersecurity background in the military and private sector", and added: "In fact, all three company founders served in the Intelligence Corps in Israel working on cybersecurity issues."[2] Globes named the founders as "CEO Eran Barak, CTO Idan Levin and CPO Barak Klinghoffer".[1]
Funding and acquisition
Hexadite emerged from stealth in July 2014 with $2.5 million in seed funding from YL Ventures.[2] In 2016 it raised $8 million in a Series A round from Hewlett Packard Ventures, Ten Eleven Ventures and YL Ventures, bringing its total to $10.5 million. Globes said that the company had its headquarters in Boston and its development office in Tel Aviv.[1]
On 8 June 2017 Microsoft confirmed that it had signed an agreement to buy Hexadite. The terms were not disclosed; Globes reported that Microsoft was paying about $100 million, "thus yielding a tenfold profit", and TechCrunch said that its sources put the price at $100 million.[1][3]
See also
Notes
- ↑ 1.0 1.1 1.2 1.3 1.4 Globes correspondent, Microsoft confirms acquisition of Israeli co Hexadite Globes, 8 June 2017, accessed 10 November 2026.
- ↑ 2.0 2.1 2.2 Ron Miller, Former Israeli Intelligence Officials Get $2.5M To Seed Cyber Security Company Hexadite TechCrunch, 1 July 2014, accessed 10 November 2026.
- ↑ 3.0 3.1 Ingrid Lunden, Microsoft to buy Israeli security firm Hexadite, sources say for $100M TechCrunch, 8 June 2017, accessed 10 November 2026.