CrowdStrike in advanced talks to acquire Israeli startup Orion for $500 million
The AI-powered data security company has raised $38 million since its founding in 2024. A deal would continue CrowdStrike’s acquisition push in Israel, following purchases of Seraphic, Adaptive Shield, Flow Security and Bionic.
U.S. cybersecurity giant CrowdStrike is in advanced negotiations to acquire Israeli startup Orion Security for approximately $500 million, Calcalist has learned. Orion has developed an AI-powered platform designed to protect sensitive corporate data by analyzing the context behind how information is used and moved within organizations. The company has raised $38 million to date. The negotiations have not yet resulted in a completed deal.
Founded in 2024, Orion is led by CEO Nitay Milner, a former product leader at Epsagon, which was acquired by Cisco, and CTO Jonathan Kreiner, formerly head of application security at WalkMe. The company employs approximately 20 people and is expanding its operations in Israel and New York.
In February 2026, Orion raised $32 million in a Series A round led by Norwest Venture Partners, with participation from IBM and existing investors PICO Venture Partners and Lama Partners. The round brought its total funding to $38 million, following a $6 million Seed round announced in March 2025.
Orion’s platform is designed to replace traditional data loss prevention (DLP) tools, which rely on manually configured security policies to prevent sensitive information from leaking out of an organization. Such systems require ongoing maintenance and can generate large numbers of false-positive alerts, while still failing to identify some potential data leaks.
Rather than relying primarily on predefined rules, Orion uses specialized AI agents to monitor data movement continuously and assess its context. The platform analyzes factors including the sensitivity of the information, its history, the identity of the user, and the intent and purpose behind an action. The company says this approach allows it to identify and prevent potential leaks before they occur, reduce false-positive alerts and detect incidents that traditional DLP tools may miss.
The potential acquisition would continue a series of Israeli cybersecurity purchases by CrowdStrike as it expands the capabilities of its Falcon security platform.
In January 2026, CrowdStrike agreed to acquire Israeli browser security startup Seraphic Security in a deal estimated by Calcalist at approximately $400 million. Seraphic’s technology embeds security capabilities directly into browsers and web-based applications.
That deal followed several other acquisitions in Israel. In November 2024, CrowdStrike agreed to acquire Adaptive Shield for approximately $300 million, adding technology for securing enterprise SaaS applications and identities. Earlier that year, it acquired Flow Security in a deal estimated at $200 million to $220 million, expanding its data security capabilities. In September 2023, it acquired application security startup Bionic for approximately $350 million.
CrowdStrike also agreed in July 2026 to acquire the technology, source code and more than 45 patents of Israeli cybersecurity company XM Cyber, which had been acquired by Germany’s Schwarz Group for $700 million in 2021. That transaction covered XM Cyber’s intellectual property rather than its operating business.
