Weaveworks acquires Egyptian-American cloud security startup Magalix

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

Magalix, founded in 2017 by Egyptian-American entrepreneurs Ahmed F. Mohamed and Ahmed Badran and headquartered in the United States with its R&D engineering team in Egypt, created a platform that allows organizations to embed security and compliance using DevOps methodologies.

Security and compliance policies are “coded” and built into the system in accordance with company and industry-mandated “playbooks” and “recipes.” Magalix has raised a total of US$4.2 million in funding from Egyptian investors such as Endure Capital and Egypt Ventures.

Weaveworks, a company founded in 2014 that helps teams adopt cloud native computing by managing cloud native infrastructure and applications quickly, reliably, and at scale, has now acquired it. 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 US$60 million. Investors include Amazon Web Services (AWS), Ericsson, and Google Ventures.

“We are seeing an increase in customers who use a zero-trust security model turning to GitOps to bring DevOps to cloud-native application development and IT operations,” said Mohamed Ahmed, Magalix’s founder and CEO. “Similar to how DevOps disrupted infrastructure management, we believe that integrating security into GitOps pipelines brings significant agility and speed, preventing errors and protecting against attacks that could bring the entire platform to a halt.” Consider securing your platforms 100 times faster and with greater confidence as they evolve. Weaveworks and Magalix share the goal of making it simple to innovate quickly without jeopardizing security and stability.”

“Enterprise customers have made it clear that trusted application delivery is critical to the success of their increasingly complex cloud native platforms,” said Weaveworks CEO Alexis Richardson. “With the acquisition of Magalix, Weaveworks brings customisable policies, compliance capabilities, and comprehensive risk visibility into GitOps workflows, ensuring only authorized applications are deployed and no nefarious activities occur.”