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Weaveworks Limited Acquires Cloud Security Startup Magalix

EGYPT – Magalix, an Egyptian-American cloud security startup, has been acquired by Weaveworks Limited, a GitOps company with headquarters in London and San Francisco.

Weaveworks is a company founded in 2014 that helps teams adopt cloud native computing, managing cloud native infrastructure and applications quickly, reliably, and at scale.

Weaveworks raised a US$36.65 million Series C funding round in December 2020  led by some of the world’s leading public cloud and telecommunications companies, bringing total funds raised to date to US$60 million, and its investors include Amazon Web Services (AWS), Ericsson and Google Ventures.

“We are seeing an increase in customers who run a zero-trust security model turning to GitOps to bring DevOps to cloud-native application development and IT operations,” said Mohamed Ahmed, founder, and CEO of Magalix.

“Similar to how DevOps disrupted infrastructure management, we believe that integrating security into GitOps pipelines brings considerable agility and speed, preventing errors and protecting against attacks that could shut down the entire platform.

“Imagine securing your platforms 100 times faster with very high confidence while evolving them. Weaveworks and Magalix share that joint mission to make it easy to innovate fast without jeopardising security and stability.”

Founded in 2017 by Egyptian American entrepreneurs Ahmed F. Mohamed and Ahmed Badran, and headquartered in the US with its R&D engineering team in Egypt, Magalix built a platform that enables organisations to embed security and compliance using DevOps methodologies.

“Enterprise customers have made it clear that trusted application delivery is critical to the success of their increasingly complex cloud native platforms,” said Alexis Richardson, CEO of Weaveworks.

“With the acquisition of Magalix, Weaveworks introduces customisable policies, compliance capabilities and comprehensive risk visibility into GitOps workflows, ensuring only authorized applications are deployed and there are no nefarious activities.”

Security and compliance policies are ‘codified’ and built into the system according to company- and sector-mandated ‘playbooks’ and ‘recipes’.

Magalix has completed multiple rounds of investments, totalling US$4.2 million, with its Egyptian investors including Endure Capital and Egypt Ventures.

Source
CEO Business Africa

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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