The two sides said the deal is valued at $156 million in cash and is expected to close in the third quarter this year.

For Palo Alto, the deal is part of a strategy to spend big to snap up early-stage companies in the cloud security and DevOps workflow space. The Bridgecrew deal follows a $420 million purchase of CloudGenix last March and a separate $173 million deal to buy Redlock, both cloud security specialist plays.

For Bridgecrew, an Israel-based venture-backed startup that’s barely two years old, the exit is significant. Bridgecrew raised a total of $18 million over two funding rounds with public reports pegging its valuation last year at around $40 million.