History
CyberArk was founded in 1999 in Israel [5] [6] by Udi Mokady [7] and Alon N. Cohen.
In June 2014, CyberArk filed for an initial public offering (IPO) with the Securities and Exchange Commission, listing 2013 revenues of $66.2 million. [8] CyberArk became a public company the same year, trading on the NASDAQ as CYBR. [9]
In April 2022, it announced the expansion of its R&D center at the Gav-Yam Negev Tech Park in Beersheba, which it had opened in May 2021. [10]
In February 2023, CyberArk announced that Udi Mokady, who had led the company as CEO since November 2005, would transition out of that role and become executive chair of the company's board, with Matt Cohen taking over the reins as CEO after previously serving as CRO and COO since joining the company in 2019; this transition became effective in April 2023. [11] [12]
In September 2023, CyberArk announced new details about its upcoming Artificial Intelligence Center of Excellence, designed in part by CyberArk Labs. [13]
In August 2024, it announced annual revenue of $886 million. Subscription revenue made up 78% of that amount. [14] [15]
Acquisitions
In the years following its 2014 IPO, CyberArk has embarked on a string of acquisitions.
In August 2015, CyberArk acquired Cybertinel, an Israel-based company focused on threat detection, for an estimated $20 million. [16]
In October 2015, CyberArk acquired Viewfinity, a private Massachusetts-based company which specialized in privilege management and application control software, for $39.5 million. [17]
In March 2016, CyberArk acquired Agata Solutions, an Israel-based startup which developed Deep Packet Inspection (DPI) security solutions, for $3.1 million. [18] [19]
In May 2017, CyberArk acquired Conjur Inc., a Massachusetts-based cybersecurity company which secured access for software development and IT teams that are building cloud-based software, for $42 million. [20]
In March 2018, CyberArk acquired the assets of Vaultive, a Boston-based cloud security provider. Twenty Vaultive employees, most from the company's research and development team, joined CyberArk. [21]
In May 2020, CyberArk acquired Idaptive, a startup which focused on a zero trust (ZT) approach to identity security, for $70 million. [22]
In March 2022, CyberArk acquired Aapi, Inc., an Irvine, California based startup focused on automating identity and access management, for $17.7 million. [23] [24]
In August 2022, CyberArk acquired C3M, a San Francisco, CA based startup which developed an API-based Cloud Security Posture Management (CPSM) solution, for $28.3 million. [25] [26]
In October 2024, CyberArk completed its acquisition of Venafi, a machine identity management company, [27] from the investment firm Thoma Bravo for around $1.54 billion. [28] [29]
In February 2025, CyberArk acquired Zilla Security, which focused on Identity Governance and Administration (IGA), in a deal for $165 million in cash and an additional $10 million earnout contingent on performance milestones. [30]
US$503 million (2023)
US$−78 million (2023)