Security Startup Acquired By Hewlett Packard

What Happened?

Scytale founded in 2017 by a team of engineers from cloud-native enterprises like Amazon Web Services, Google, Okta, PagerDuty.

The startup is the founding contributor of the Secure Production Identity Framework for Everyone (SPIFFE). According to Husak, “HPE is fully-committed to continuing Scytale’s stewardship and contributions to SPIFFE and SPIRE (SPIFFE Runtime Environment), and these projects will play a fundamental role in HPE’s plans to deliver a dynamic, open, and secure edge-to-cloud platform.” 

What Else Is There?

Scytale has raised $8 million since it was funded. The last funding type was Series A, which raised $5 million.

Price Action

HPE shares traded 1.51% higher at $14.14 at press time on Monday.