Redlock excels in identifying and minimizing security risks by monitoring cloud infrastructure for potential vulnerabilities, policy violations, and misconfiguration.
In 2018, it was acquired by Palo Alto Networks for $173 million. Following the acquisition, Redlock’s technology was integrated into Prisma Cloud, Palo Alto Networks’ cloud security suite. Since then, they have gained thousands of big clients can captured a substantial market share in cloud security. [1]
As of today, Prisma Cloud detects over 1.5 million new attacks every day and supports over 20 compliance frameworks out-of-the-box, enabling businesses to meet regulatory requirements easily.
Below, I’ve highlighted the top competitors to RedLock that may better align with specific organizational requirements. Each of these options has a strong reputation and integrates seamlessly with major cloud environments.
Did you know?The cloud security market industry is projected to exceed $110.5 billion by 2032, growing at a CAGR of 15.09%. While North America and Europe continue to dominate the market share, the Asia-Pacific region is projected to experience the fastest growth rate. [2]
Table of Contents
13. GreatHorn
Founded in 2015Annual Revenue: $2.2 million (2024)
Core Strength: Massive dataset for detecting email-based threats
GreatHorn protects organizations from sophisticated email-based threats like phishing, business email compromise, and social engineering attacks. It integrates seamlessly with Microsoft 365 and Google Workspace. According to the company, it can be deployed and operational within 5 minutes.
GreatHorn features a proprietary dataset built from hundreds of millions of uniquely analyzed threats. This dataset gives the platform intelligence and precision required to prevent attacks from becoming breaches.
The company has experienced steady growth in the email security market, raising a total of $21.9 million across five funding rounds. According to Growjo, it generates $2.2 million in annual revenue from over 2,000 clients. With a team of 22 employees, this translates to a revenue of approximately $102,000 per employee. [3][4]
12. Qualys
Founded in 1999Wondering how to protect your #AI and #LLM workloads? Explore Qualys TotalAI to prevent model theft and data leaks as well as to harden your AI infrastructure. Come see us at #BHUSA (Booth 1320) to meet our experts and learn more about Qualys AI Security. https://t.co/JLba8Yqbr3 pic.twitter.com/snO3drEs2i
— Qualys (@qualys) August 8, 2024
Annual Revenue: $554 million (2023)
Core Strength: Unified platform for security and compliance
Qualys provide visibility and security across all IT assets, whether on-premises, in the cloud, or on endpoints. It is best known for its TruRisk platform, which integrates over 20 applications focused on IT, security, and compliance.
The platform showcases impressive scale and efficiency, processing over 9 trillion indexed data points within its elastic search clusters. It handles more than 2 trillion security events annually and performs over 6 billion IP scans and audits each year. Plus, it boasts a Six Sigma scanning accuracy of 99.99966%. [5]
Qualys currently has 10,000+ subscription customers, including 70% of the Forbes Global 50 and 54% of the Forbes Global 500. The company has delivered an impressive ROI of up to 403% over three years. In 2023, Qualys achieved $554 million in annual revenue, an increase from $490 million in 2020, and they aim to reach $72 billion by 2027. [6]
11. OneLogin
Founded in 2009Annual Revenue: $23.7 million (2023)
Core Strength: 6,000+ pre-built integrations with popular apps
OneLogin provides secure, single sign-on, multi-factor authentication, and identity governance solutions. It focuses on securing and simplifying user access to applications and data in the cloud, on-premises, and hybrid environments.
Their platform enhances operational efficiency by enabling onboarding and offboarding processes that are 9 times faster than traditional methods. Plus, it substantially reduces helpdesk tickets by 50%, streamlining support efforts and improving overall user experience. [7]
The company raised $175.2 million from eight investors, including the Employee Stock Option Fund, Social Capital, and CRV. In 2021, it was acquired by One Identity, a cybersecurity company under Quest Software.
Today, OneLogin has approximately 5500 customers worldwide, including some big names like Airbus, NASA, Pandora, and El Pollo Loco. Their renewal rates are close to 90%. [8]
10. Perimeter 81
Founded in 2018Annual Revenue: $37.9 million (2024)
Core Strength: Integrates network security with cloud-native architecture
Perimeter 81 provides a Secure Access Service Edge (SASE) platform that integrates various network security services into a single cloud-native solution. Key offerings include Zero Trust Network Access, Firewall as a Service, Software-Defined Perimeter, and Secure Web Gateway.
In 2023, Check Point Software acquired it for nearly $490 million. The acquisition came just 14 months after Perimeter 81 secured $100 million in a Series C funding round at a $1 billion valuation. [9]
As of now, Perimeter 81 has over 3,000 clients, primarily based in the United States, followed by the United Kingdom and Canada. According to Growjo, the company generates $37.9 million in revenue, resulting in a revenue per employee of approximately $219,300 with a workforce of 173 employees. [10]
9. Google Security Operations
Released in 2018 (as Chronicle Security)Using Google Security Operations as its core SecOps platform, Apex Fintech Solutions reduced the time to detect and investigate threats from two hours to 15 minutes.
Learn more about transforming security operations with Google Cloud ↓ pic.twitter.com/SKHl0LfsDv
— Google Cloud (@googlecloud) July 6, 2024
Core Strength: Can handle massive volumes of security data
Google Security Operations refers to an AI-powered security operations platform that combines tools for detecting, investigating, and responding to security threats. [11]
It gathers crucial security data and uses advanced machine learning models to identify significant threats, making it easier to respond through automated channels and effective case management. Users can quickly search massive volumes of data and manage investigations using a tool designed to prioritize and assign tasks.
The platform leverages insights from Google, VirusTotal, and Mandiant to automatically detect potential threats and provide early warnings of possible breaches. It continuously analyzes a year’s worth of critical data against Google’s extensive threat intelligence, ensuring timely updates on both new and existing threats.
As for pricing, services are typically offered on a pay-as-you-go or subscription basis, integrated within the broader Google Cloud Platform offerings, with costs determined by factors such as data ingestion volume and the number of protected resources.
8. Orca Security
Founded in 2019Annual Revenue: $75 million (2024)
Core Strength: Comprehensive security without agents
Orca Security’s platform operates without the need for agents, scanning the cloud environment through APIs and cloud-native integrations. This approach ensures that all assets, including shadow IT resources, are continuously monitored and secured.
The platform provides users with full visibility into deployed AI models, safeguarding against data tampering and leakage. It encompasses over 50 AI models and software packages, allowing users to adopt AI seamlessly while ensuring visibility and security across their entire tech stack.
Orca Security is backed by 17 investors, having raised $632 million in combined funds at a valuation of $1.8 billion. It has also acquired an Israel-based web security platform, RapidSec. [12]
In 2022, Orca Security won the Regional and Global AWS Partner Award. In 2023, it was featured in the Forbes Cloud 100 list, a ranking of the top 100 private cloud companies worldwide. In the same year, it was recognized as the Leader in Cloud Security Posture Management. [13]
7. Sift
Founded in 2011Annual Revenue: $73 million (2024)
Core Strength: 40+ Patents in the field of digital trust and safety
Sift uses machine learning to detect and prevent fraudulent activities, such as payment fraud, account takeover, and content abuse, across various digital channels. It has secured more than 40 patents covering different aspects of fraud detection, machine learning, and risk management. [14]
Sift’s platform is primarily used by websites in e-commerce, finance, online gaming, and travel. It processes over 1 trillion events annually from more than 34,000 sites and apps, providing real-time risk insights. By recognizing over 1.6 billion unique digital personas, Sift improves accuracy through identity-level insights. [15]
Their customers have experienced an average annual revenue increase of over $22 million, benefiting from faster review times, higher conversion rates, and improved decision-making accuracy.
In 2024, Sift was named a Strong Performer in The Forrester Wave: Enterprise Fraud Management, following its recognition as a Leader in The Forrester Wave: Digital Fraud Management in 2023.
6. Tenable
Founded in 2002Does your organization face any of these challenges with tagging assets across your cloud platforms? Check out our proven strategies and best practices for tagging success. #cloudsecurity
: https://t.co/B09g0YM1w1 pic.twitter.com/FiH3UZz8NU
— Tenable (@TenableSecurity) July 31, 2024
Annual Revenue: $852 million (2024)
Core Strength: Covers 89,000+ common vulnerabilities and exposures
Tenable provides a comprehensive platform for detecting, analyzing, and managing security vulnerabilities across the entire IT environment, including networks, cloud infrastructure, containers, web applications, and operational technology.
The platform enables users to review common vulnerabilities and exposures from around the globe while providing access to threat intelligence, data science insights, and alerts. It emphasizes swift reporting, ensuring that users receive timely updates on critical issues. According to the company, it has a median response time of under 24 hours for addressing high-profile concerns.
Tenable currently serves 44,000+ customers, including 65% of the Fortune 500 and 50% of the Global 2000. In 2023, the company generated $798.7 million in revenue, a 17% increase compared to the previous year. Its net cash from operating activities was $149.9 million, while free cash flow reached $175.4 million. [16]
5. Sysdig
Founded in 20131 fish, 2 fish, red fish, blue fish—Sysdig’s threat hunters fished around & found out!
Swing by #BlackHat booth 1750 next week to ask our Threat Research Team about some of their recent cloud threat discoveries, like CRYSTALRAY, AMBERSQUID & more. : https://t.co/SYjSuf1TCK pic.twitter.com/UiPf0aHW54
— Sysdig (@sysdig) July 30, 2024
Annual Revenue: $270 million (2024)
Core Strength: Focus on Kubernetes and container security
Sysdig is a cloud-native security company that provides a unified platform for observing and securing cloud infrastructure, containers, and Kubernetes environments. It allows DevOps, security, and compliance teams to work together more effectively by providing detailed insights into their cloud environments.
Its flagship product, Sysdig Secure, uses machine learning and behavioral analysis to detect suspicious activities and potential breaches in Kubernetes, containers, and cloud environments. According to the company, it has achieved a detection time of less than 2 seconds. [17]
Its forensic cloud investigations are five times faster than traditional methods, resulting in an average cost savings of approximately $1.2 million per organization. The platform also reduces vulnerability noise by 95%, enhancing the clarity of security alerts.
To date, Sysdig has raised approximately $729.5 million through nine funding rounds. It is backed by 13 investors, including Bain Capital Ventures, Goldman Sachs, Permira, and Third Point Ventures. [18]
4. Aqua Security
Founded in 2015Our research team, #AquaNautilus, has unveiled significant vulnerabilities in six #AWS services, potentially allowing remote code execution, full-service user takeover, and more. These issues were promptly acknowledged and fixed by AWS.
Read the press release for details:… pic.twitter.com/BA9Wq8v2Pj
— Aqua Security (@AquaSecTeam) August 7, 2024
Annual Revenue: $56.3 million (2023)
Core Strength: Full lifecycle protection, open source leadership
Aqua Security protects the entire application lifecycle, from development to production, across cloud and on-premises environments. It provides a comprehensive platform that includes runtime protection, vulnerability management, and compliance for containers, Kubernetes, and serverless environments.
The company has also developed several open-source software tools. The most popular one is Trivy, a tool for finding vulnerabilities and IaC misconfigurations. It has been widely adopted by the cloud-native community, amassing thousands of downloads. [19]
Aqua Security has raised a total of $325 million across eight funding rounds, with the latest, Series E, closing in 2024. In 2023, the company achieved $56 million in annual revenue, demonstrating a 27% year-on-year growth, all with a team of just 500 individuals. [20]
3. Cloudflare
Founded in 2011Annual Revenue: $3.28 billion (2024)
Core Strength: Proactive threat hunting
Cloudflare can be considered Redlock’s competitor in the broader cloud security landscape, particularly when it comes to web application security, DDoS protection, and CDN services.
Since CloudFlare’s services are very easy to set up and manage, it has over 210,000 paying customers, from small businesses to large enterprises. Unlike other platforms, it combines security services with performance optimization, offering a comprehensive solution for web application protection.
The company operates one of the largest networks worldwide, covering 310+ cities across over 120 countries. It handles more than 50 million HTTP(S) requests per second for millions of internet properties and processes over 70 million DNS requests per second. Plus, its network blocks an average of 209 billion cyber threats every day. [21]
In 2023, Cloudflare generated $1.29 billion in revenue and a gross profit of $990 million, up 32.97% and 33.27% from 2022, respectively. However, the company did not achieve profitability, reporting a net loss of nearly $184 million, compared to a loss of $193 million in 2022. [22]
2. CrowdStrike
Founded in 2011Annual Revenue: $270 million (2024)
Core Strength: Focus on Kubernetes and container security
CrowdStrike provides advanced threat intelligence, incident response, and proactive threat-hunting services. Its flagship product, Falcon, is designed to protect endpoints from a broad range of cyber threats, including ransomware, malware, and advanced persistent threats.
According to the study, companies using the CrowdStrike Flacon platform see incredible results. For every $1 they invest, they get back $6, with a payback period of just five months. Falcon detects 96% more potential threats in half the time compared to other solutions, enabling security teams to be twice as effective and conduct investigations 66% faster. [23]
CrowdStrike serves 24,000 enterprise customers, including prominent names like Credit Suisse, MIT, McKinsey & Company, Rackspace, and the State of Illinois. It has consistently reported strong annual revenue growth, achieving a compound annual growth rate (CAGR) of over 35% since its IPO in 2019.
In 2024, its revenue reached nearly $3.06 billion, representing a 36.33% increase from 2023, while its net annual income was $89 million, compared to a net loss of $183 million in 2023. [24]
1. Zscaler
Founded in 2007Annual Revenue: $2.03 billion (2024)
Core Strength: Leader in the Zero Trust security market
Zscaler’s cloud-native platform is designed to replace conventional network security appliances, such as firewalls and VPNs, with a more scalable and flexible solution. It offers a Zero Trust Exchange platform that securely connects users to applications, regardless of location, network, or device.
The platform is built around the concept of Zero Trust, which assumes that no user or device, whether inside or outside the network, should be trusted by default. The platform verifies user identity, finds the destination, evaluates risk using AI, and enforces security policies before establishing a secure connection between users, workloads, or applications. [25]
The company serves 7,700+ customers worldwide, including 32% of the Forbes Global 2000 companies. It secures an impressive 400 billion transactions daily and boasts a Net Promoter Score of over 70, significantly higher than the average SaaS NPS of 30. This demonstrates Zscaler’s strong customer satisfaction and effectiveness in the market. [26]
In 2024, Zscaler achieved $2 billion in annual revenue, reflecting a 37.16% increase from the previous year. However, it reported a net loss of $74 million, an improvement compared to the $202 million loss in 2023. [27]
Read More
- 12 Crowdstrike Competitors and Alternatives
- Top 12 Digital Forensic Companies Worldwide
- Top 13 Cyber Insurance Companies
- Ron Miller, Palo Alto Networks to acquire RedLock for $173M to beef up cloud security, TechCrunch
- Reports, Global cloud security market overview, Market Research Future
- Company Highlights, GreatHorn’s funding and financials, Crunchbase
- Company Highlights, GreatHorn’s revenue and valuation, Growjo
- About Page, Over 10,000 subscription customers worldwide, Qualys
- Investor Presentation, Security and compliance for the digital transformation, Qualys
- Homepage, Market-leading identity and access management solutions, OneLogin
- Dawn Kawamoto, Bay Area cybersecurity company lands $100 million in Series D, American City Business Journals
- Amit Bereket, Check Point to acquire Perimeter 81 to deliver fast secure SASE solution, Perimeter 81
- Our Vision, Deliver simpler, smarter, and more accessible network security, Perimeter 81
- Google Security Operations, The AI-powered security operations platform, Google Cloud
- About Us, Cloud security purpose-built for the cloud, Orca Security
- Susie Dougherty, Orca Security named to the 2023 Forbes Cloud 100, Orca Security
- Sift Patents, Patent numbers along with their descriptions, Sift
- The Sift Platform, Revenue replaces risk when CX meets AI, Sift
- News Release, Fourth quarter and full year 2023 financial results, Tenable
- Business Value Guide, Three pillars to secure innovation in seconds, Sysdig
- Company Highlights, Sysdig’s funding and financials, Crunchbase
- Trivy, A comprehensive and versatile security scanner, GitHub
- Aqua Security, How Aqua Security hit $56.3M revenue with a 501 person team in 2023, GetLatka
- David Belson, Cloudflare 2023 year in review, The Cloudflare Blog
- Press Release, Q4 and fiscal year 2023 financial results, Cloudflare
- IDC study, Customers choose CrowdStrike for cybersecurity consolidation, CrowdStrike
- News Release, Q4 and fiscal year 2024 financial results, CrowdStrike
- Zero Trust Exchange, Embrace zero trust architecture with the power of AI, Zscaler
- Customer Journeys, Zscaler protects users and workloads worldwide, Zscaler
- Company Financials, Zscaler’s revenue chart, Macrotrends