Cybersecurity startup Cmd to be acquired by enterprise search firm Elastic

Five years after its founding, Vancouver cybersecurity startup Cmd has agreed to be acquired by Elastic, a California-based enterprise search and data analysis company.

The deal, which was announced as part of Elastic’s latest earnings report, remains subject to customary closing conditions, but is expected to close during Elastic’s fiscal second quarter. The financial terms of the acquisition were not disclosed.

Cmd was founded in 2016 by CSO Jake King, former security operations lead at Hootsuite, and Milun Tesovic, general partner at Expa.

According to Elastic, the acquisition of Cmd will enable the firm to expand its security capabilities for cloud-native runtime application workloads, and add runtime security to its Elastic Limitless XDR offering. For Elastic, the news comes days after the company announced its acquisition of build.security, a Tel Aviv and Sunnyvale, California-based authorization policy management platform.
 

“Any robust cloud security program starts with a strong analytics foundation—an area in which Elastic Security is a proven leader,” said Santosh Krishnan, Cmd’s CEO, who joined Cmd last August. “Together, we will deliver intuitive investigative workflows on top of that foundation, along with preventive controls, and detection and response, to enable customers to quickly find attacks and stop them in their tracks.”

Cmd was founded in 2016 by CSO Jake King, former security operations lead at Hootsuite, and Milun Tesovic, general partner at Expa. The startup offers a runtime security platform for cloud workloads and Linux assets, providing infrastructure detection and response capabilities to global brands, financial institutions, and software companies. Cmd’s offering observes real-time session activity and allows Linux administrators and developers to take immediate remediation action.

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In 2019, Cmd raised a $19 million CAD Series B round led by GV (formerly Google Ventures), bringing its total funding to date to over $28 million. According to TechCrunch, Cmd’s employees will be joining the Elastic team, with Krishnan and King set to take on executive roles at the company.

Founded in 2012, Elastic is a Mountain View, California-based enterprise search company that builds self-managed and software-as-a-service offerings. The company, which trades on New York Stock Exchange under the symbol ‘ESTC,’ aims to make data usable through its application search, site search, enterprise search, logging, APM, metrics, security, and business analytics solutions. The company’s clients include eBay, Goldman Sachs, Microsoft, The Mayo Clinic, NASA, The New York Times, Wikipedia, and Verizon.

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Following the close of the deal, Elastic plans to work with Cmd to integrate Cmd’s cloud native data collection capabilities directly into the company’s Elastic Agent product, and Cmd’s user experience and workflows into Kibana, Elastic’s data visualization offering.

“We are excited to join forces with Cmd and bring deeper observability and protection to cloud native workloads with practitioner-first experiences,” said Shay Banon, Elastic’s founder and CEO.

According to Elastic, Elastic and Cmd customers will benefit from the integration, which added that existing Elastic customers “will get all the cloud-native security capabilities that CMD has built over the past few years.”

Feature image of Cmd co-founders Jake King and Milun Tesovic, courtesy of Cmd

Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.