Elastic has agreed to acquire AI-driven software vulnerability detection and remediation company Deductive for up to $85 million.
BlockBeats News, June 19, According to TechCrunch citing a source familiar with the matter, the startup Deductive, which uses artificial intelligence to discover and fix software vulnerabilities, has agreed to be acquired by the enterprise software company Elastic, with the transaction amounting to as much as $85 million.
Deductive was founded in 2023 and made its public debut in November last year when it announced the completion of a $7.5 million seed round led by CRV, with participation from Databricks Ventures, Thomvest Ventures, and PrimeSet. According to PitchBook data, this funding round valued the company at $33 million. Elastic and Deductive did not respond to multiple requests for comment.
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