We are thrilled to announce that Zilla Security, a leader in modern Identity Governance and Administration (IGA) solutions, has been acquired for $175 million by CyberArk (NASDAQ: CYBR), the global leader in identity security.

Zilla Co-Founder & CEO Deepak Taneja is a serial entrepreneur whom we are honored to have now backed three times at FirstMark, with his last company Aveksa being acquired by RSA in 2013. We have always been immensely impressed by Deepak’s vision, his ability to execute, and his incredibly deep domain expertise. We couldn’t be more excited for him, his cofounder Nitin Sonawane, and the entire Zilla team on this new chapter!

At FirstMark, we remain incredibly excited about IGA and the broader security space, and with advancements in AI rapidly creating both new risks and new opportunities, we look forward to continue investing in founders who are building the future of security.

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