Home run for Demisto investors

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Emailed on February 22, 2019 in The Friday Forward

Palo Alto Networks announced this week that it intends to acquire security startup Demisto for $560 million.

Prior to being acquired, Demisto had raised $69 million from Accel, Greylock, Stewart McClure and others. With an acquisition price of $560 million after raising $69 million, it would appear that Demisto has given its investors a healthy return, although rumors prior to the sale had the price pegged higher.

Sean SteigerwaldComment