Amazon snapped up an AI security startup for around $20 million

Amazon has acquired a San Diego security startup called for around $20 million (£17 million), TechCrunch reports.

The acquisition was reportedly made through Amazon Web Services (AWS), Amazon’s cloud services group.

Founded by two former NSA employees, has developed technology that can help companies to find and stop targeted attacks on their data.

The company uses machine learning and artificial intelligence (AI) to learn and detect when an unauthorised person is trying to steal intellectual property or other important documents from company servers.

A source told TechCrunch that Amazon paid $19 million (£16 million) for, which had raised just $2.3 million (£1.9 million) from investors.

The 12 people that work for are reportedly moving to Amazon’s headquarters in Seattle.

Amazon did not immediately respond to Business Insider’s request for comment — but Trinity Ventures, one of’s lead investors, states on its website that the startup has been acquired, and several of’s employees write on their LinkedIn pages that they now work for AWS.

NOW WATCH: Watch a Tesla predict an accident and react before it even happens

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at