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News Every Day |

Cybersecurity unicorn Torq is in talks to acquire this AI startup for $50 million

Jit CEO Shai Horovitz
  • Torq is a cybersecurity unicorn that calls itself the "Cursor of security operations."
  • It is in advanced talks to acquire Boston-based Jit, an automatic security assistant, for roughly $50 million.
  • Both companies declined to comment.

Cybersecurity unicorn Torq, which refers to itself as the "Cursor of security operations," is in advanced talks to acquire Boston-based Jit, an automatic security assistant, for roughly $50 million, according to a person familiar with the matter.

The deal would combine Torq's massive security command center with Jit's automated tools. By joining forces, the two companies hope to move toward "agentic security," in which smart AI agents act like independent web-based security guards, eliminating digital threats without ever needing human interaction.

The acquisition has not yet been finalized, and terms could still change. Both companies declined to comment.

Last month, Torq announced $140 million in new funding at a $1.2 billion valuation. Its investors include Evolution Equity Partners, Bessemer Venture Partners, Insight Partners, Notable Capital, Greenfield Partners, and Merlin Ventures.

The talks come as cybersecurity companies race to incorporate AI agents into their platforms. Security teams are increasingly overwhelmed by the volume of alerts generated by modern systems, creating demand for tools that can reduce manual work and respond in real time.

Both startups were founded in 2020 by veterans of the Israeli cyber scene.

Headquartered in Boston, Jit was founded by David Melamed and Aviram Shmueli, and has raised nearly $50 million in venture funding from Boldstart Ventures, Insight Partners, and Tiger Global. Shai Horovitz, formerly chief revenue officer at Cybereason, joined as CEO in 2023.

Torq was founded in 2020 by serial entrepreneurs Ofer Smadari, Leonid Belkind, and Eldad Livni, who previously founded Luminate Security, which was acquired by Symantec in 2019.

The company has recently embraced the title "the Cursor of Security Operations" to describe its shift toward Agentic AI. Just as Cursor code uses AI to help developers write software faster, Torq uses autonomous AI agents to help security teams. Its customers include Abnormal Security, Armis, Check Point Security, Chipotle Mexican Grill, and Inditex.

The deal also follows Google's recent $32 billion blockbuster acquisition of cybersecurity company Wiz, marking the largest deal in the company's history and one of the biggest ever in cybersecurity.

Read the original article on Business Insider
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