McAfee, a well-known antivirus software, has long been recognized by many. In 2010, it was acquired by Intel and later spun off in 2017, allowing McAfee to operate as an independent cybersecurity company. Since its independence, the company has taken significant steps to expand its capabilities, particularly in the cloud security space.
In its first major move after becoming independent, McAfee acquired Skyhigh Networks, a leading cloud security startup valued at approximately $400 million. This acquisition marked a strategic shift for McAfee, which had traditionally focused on endpoint security. By integrating Skyhigh's expertise, McAfee aims to strengthen its position in the rapidly growing cloud security market.
Skyhigh Networks had previously raised $106 million in funding, with notable investors such as Sequoia, Greylock, and Salesforce. The company’s latest round of financing put its valuation around $400 million. While specific financial details of the acquisition remain undisclosed, the deal is expected to significantly enhance McAfee’s cloud offerings.
With the increasing threat of cyberattacks targeting both enterprises and individuals—especially as more personal data is stored in the cloud—cybersecurity has become a critical concern. McAfee recognizes this trend and is leveraging advanced technologies like data analytics and machine learning to better detect and prevent virtual crimes.
Skyhigh’s CEO, Rajiv Gupta, will now lead McAfee’s cloud business unit, bringing his deep expertise in cloud security to the company. The acquisition also aligns with the development of Cloud Access Security Brokers (CASB), a new category of security solutions that Skyhigh pioneered. Analysts consider CASB one of the fastest-growing areas in cybersecurity over the past five years.
Chris Young, McAfee’s CEO, emphasized that Skyhigh’s vision of making cloud security seamless and proactive has positioned the company as a leader in the field. With McAfee’s strong product portfolio, the combined entity is well-equipped to stand out in a competitive market.
Although Skyhigh’s current profitability is unclear, McAfee plans to invest heavily in its growth. Since its spin-off from Intel in April, the company has been valued at $4.2 billion, reflecting its strong market position.
Gupta expressed confidence in the partnership, stating that joining McAfee is a smart move to realize Skyhigh’s mission of providing secure cloud environments for businesses while accelerating its global expansion.
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