CrowdStrike makes its second major acquisition in a week
CrowdStrike (CRWD) said this week that it was acquiring Seraphic Security, a startup that provides browser runtime security.
Although terms of the deal were not disclosed, CrowdStrike is reportedly paying $420 million for Seraphic. The company said that the transaction will be paid predominantly in cash, with a portion to be delivered in the form of stock subject to vesting conditions.
This is the second major acquisition that the cybersecurity giant has made in the past week.
The company last week said that it had signed a definitive agreement to acquire SGNL, an identity security startup based in Palo Alto, California. The deal was for $740 million, according to Reuters.
SGNL specializes in continuous identity, which is a newer approach that constantly verifies a user's identity and access privileges in real-time, rather than just at login.
The technology analyzes contextual signals like location, device and behavior to adapt security dynamically.
The transaction for SGNL was also paid predominately in cash, with a portion in stock options. Both deals are expected to close in the first quarter of CrowdStrike's fiscal year 2027, pending regulatory approval and other closing conditions.
CrowdStrike will be integrating Seraphic's browser-native protection into Falcon, its agentic security platform.
Along with the integration of SGNL into Falcon, the company said that it is delivering "a unified Next-Gen Identity Security strategy that will protect "every interaction from the endpoint, through the browser session, and into the cloud."
“By decoupling security from the browser itself, we can turn any browser into a secure enterprise browser, without forcing change or slowing productivity," CrowdStrike founder and CEO George Kurtz said in a statement.
"With our vast endpoint signals combined with Seraphic’s in-session visibility and SGNL’s dynamic authorization, we are defining the future of Zero Standing Privilege for the modern agentic workforce.”
Both of its recent acquisitions are supporting CrowdStrike's efforts to increase security around the growing utilization of AI agents. It has been ramping up its cybersecurity technology around artificial intelligence, which includes announcing last year a partnership with AI cloud company CoreWeave (CRWV) that aims to build a foundation for AI cloud security.
In an interview with Yahoo Finance, Kurtz suggested that the AI era has made it even more difficult for companies to protect against potential security threats.
"The challenge that you have with some of these AI agents, it's like giving full access to a drunken intern,” he said. “I mean, who knows what they're going to do?"
BTIG analysts, led by Gray Powell, reiterated their Buy rating on CRWD shares this week, noting that both of its recent acquisitions make it "well-positioned to capture identity-related spend" that BTIG expects to continue increasing.
"We think both acquisitions make sense and see CRWD making a much bigger push into the broader identity market," Powell said. "In our fieldwork, securing identity as organizations deploy AI has become the top priority of 2026. CRWD clearly sees this trend."