Elastic has agreed to acquire AI-driven software vulnerability detection and remediation company Deductive for up to $85 million.

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BlockBeats News, June 19th, according to TechCrunch citing a source familiar with the matter, the startup Deductive, which uses artificial intelligence to discover and fix software vulnerabilities, has agreed to be acquired by the enterprise software company Elastic, with a transaction amount of up to $85 million.

Deductive was founded in 2023 and made its debut last November, when it announced the completion of a $7.5 million seed round led by CRV, with participation from Databricks Ventures, Thomvest Ventures, and PrimeSet. According to PitchBook data, this round of financing valued the company at $33 million. Elastic and Deductive did not respond to multiple requests for comment.

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Source: BlockBeats

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