10 AI News and Ratings That You Need To Take a Look At

6. Varonis Systems, Inc. (NASDAQ:VRNS)

Number of Hedge Fund Holders: 38

Varonis Systems, Inc. (NASDAQ:VRNS) provides AI-powered data security solutions for cloud, on-premises, and SaaS environments across various industries worldwide.

On March 17, Varonis announced that it acquired Cyral to improve database security using cloud-native, AI-driven technology. Cyral’s agentless monitoring overcomes the limitations of traditional solutions, improving compliance and threat detection. As AI and cloud computing fuel massive data growth, organizations need better security for sensitive information. According to the company, the acquisition strengthens Varonis’ unified platform, aiming to reduce data exposure and mitigate risks. The deal is not expected to impact revenue this year.