Datadog cloud monitoring platform has announced that it will acquire Sqreen, a software-as-a-service security platform. Sqreen was originally founded in France and participated in TechCrunch’s startup Battlefield in 2016.
Sqreen is a cloud-based security product for the direct protection of your application. Once you’ve installed the Sqreen Agent with Sandbox, it analyzes your application in real time to find any weaknesses in your code or configuration. There is a small CPU overhead with sqreen enabled, but there are some advantages.
It can make threats pop up and you can set up your own rules to detect threats. You can view the status of your application from the sqreen dashboard, get notifications when an incident occurs, and get information about incidents.
For example, you can see blocked SQL injections, see where the injection attempts came from, and prevent further attempts. Sqreen also detects common attacks like stuffing attacks with credentials, cross-site scripting, etc. As your product evolves, you can activate various modules on the plugin marketplace.
The combination of Datadog and Sqreen makes a lot of sense as many companies already rely on Datadog to monitor their apps. Sqreen has a good product, Datadog has a good customer base. So, you can expect some security improvements from Datadog.
Sqreen raised $ 2.3 million with Alven Capital, Point Nine Capital, Kima Ventures, 50 partners and business angels. It then entered TechCrunch’s startup Battlefield – it reached the finals but didn’t win the competition. The startup visited Y Combinator a little later.
In 2019, Sqreen garnered a $ 14 million Series A round led by Greylock Partners, in which existing investors Y Combinator, Alven and Point Nine re-entered.
Datadog and Sqreen have signed a definitive acquisition agreement. The terms of the contract will not be disclosed and the acquisition should be completed in the second quarter of 2021.