Crowdstrike said to be close to acquiring startup Bionic.AI
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Crowdstrike Holdings (NASDAQ:CRWD) is reportedly getting close to acquiring cybersecurity startup for Bionic.AI for a purchase price between $200M and $300M.
Led by CEO George Kurtz, Crowdstrike (CRWD) is in advanced negotiations to acquire Bionic.AI, which has a platform for application Security Posture Management, TechCrunch reported, citing sources.
Bionic.ai is headquartered in Palo Alto, California and has raised $82M in venture capital funding.
Crowdstrike (CRWD) did not immediately respond to a request for comment from Seeking Alpha.
Crowdstrike Holdings (CRWD) sharesÂ were up 1.3%Â in mid-day trading on Wednesday.