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Edge computing is a “movement” to bring the power of the computer closer to where data is created or consumed to “rival the experience of the human brain,” explained Packet co-founder Zac Smith.

Equinix has data centers all over the world. With Packet being part of Equinix, it will be able to take its platform and put it all throughout Equinix’s platform. It will also help more companies take advantage of the hybrid cloud, Smith said.

Packet, while headquartered in New York, has a presence in cities such as Dallas and Palo Alto. Packet’s 140 employees will be joining Equinix.

News of the planned deal was announced earlier this year, and was expected to close in the first quarter of 2020. The acquisition closed on March 3, according to Packet.

Packet raised $9.4 million in a Series A round led by in August 2016 and landed $25 million in a Series B round led by in September 2018. , and have also backed the company.

Packet wasn’t looking to be acquired, Smith said, but it already had a relationship with Equinix. The acquisition made sense, he said, as both Equinix and Packet are infrastructure providers.

Packet marks Equinix’s 25th acquisition to date, with the company last buying in December 2017.

Editor’s Note: The acquisition price was revised post-publication from $355 million to $335 million and the number of acquisitions changed from 13 to 25, due to updated information provided by the company.

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The company now has raised $430 million in known venture capital funding to date, .

led the latest round, with participation from , , , and more. The cash will be used to meet customer demand, .

Tomer Weingarten, Almog Cohen and Ehud Shamir founded the Mountain View startup in 2013 to tackle cybersecurity woes through automation. The idea, and differentiator, of SentinelOne is that the company uses artificial intelligence to fight endpoint attacks on security in real time.

Let’s pause here and unpack what endpoint means. In the cybersecurity context, endpoint security “refers to a methodology of protecting the corporate network when accessed via remote devices such as laptops or other wireless and mobile devices. Each device with a remote connecting to the network creates a potential entry point for security threats,” according to . Think of SentinelOne as a wave of protection that covers all the external ways you log into your company: whether it’s your company laptop or phone, or personal laptop or phone. Each is a separate endpoint, and from a security angle, a separate way to hack into sensitive information.

When we last caught up with co-founder and CEO Weingarten, he explained the upside of trusting automation.

“It allows [companies] to really, in some cases, automate away the tier-one analyst role and really focus on high-level investigation,” Weingarten said back in June.

In terms of growth statistics, the company did not share net or adjusted revenue, but said it has more than 3,500 customers to date.

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