Varonis announces acquisition of SlashNext

Varonis (VRNS) Systems announced the acquisition of SlashNext, an AI-native email security provider with the industry’s best detection rate for advanced phishing and social engineering attacks. SlashNext was founded by Atif Mushtaq, one of the main architects of FireEye’s core malware sandbox technology. Their predictive AI sees through evasive tactics, removes threats from the inbox, and protects humans from multi-channel phishing attacks. Hackers are flooding users with social engineering attacks across email and tools like WhatsApp, Slack, and Teams. SlashNext allows Varonis to provide CISOs with a complete and consolidated threat detection and response offering that stops threats early in the attack path. The email security market is projected to grow from $5.2 billion in 2025 to $10.7 billion by 2032 driven in large part by the rise of AI-driven phishing and BEC attacks. SlashNext is powered by predictive AI models that use techniques such as computer vision, natural language processing, and virtual browsers to protect users from the widest range of human risks. In an independent test of cloud email security vendors conducted by the Tolly Group, SlashNext outperformed leading providers such as Abnormal Security and Mimecast. In the test, SlashNext demonstrated the highest overall detection accuracy and a perfect 100% detection rate for BEC and QR code attacks.