US tech giant Cisco Systems Inc (Nasdaq: CSCO) plans to acquire Israeli application monitoring company Epsagon for $500 million, several sources close to the matter told Globes. Epsagon, which analyzes cloud applications automatically, was founded by CEO Nitzan Shapira and CTO Ran Ribenzaft. According to PitchBook, the company has raised $30 million, possibly with a valuation of the company between $100 and $200 million, and thus has succeeded in increasing its valuation fivefold in just 18 months since completing the last funding round. Investors include US Venture Partners (USVP), Lightspeed Venture Partners and Stage One Ventures. Related Articles Cloud Monitoring Company, Epsagon Raising $16 Million Epsagon has tripled its workforce over the past year to 60. The company has been growing rapidly including number of clients, including major corporations and Israeli startups dealing with massive amounts of data. Epsagon, which competes with Data Dog, New Relic, and Lumigo, provides a comprehensive monitoring solution that enables DevOps and engineering teams to quickly monitor, visualize, troubleshoot, and troubleshoot their cloud applications across any type of microservice – containers, Kubernetes, or serverless workloads. Epsagon technology is fully automated for modern environments where the host may not be accessible, rendering traditional monitoring agents obsolete. Cisco previously acquired several Israeli companies including video software company NDS for $5 billion in 2012 and more recently 5G information networking company Sedona Systems earlier this year and cybersecurity company Portshift last year — both taking about $100 million each. . Posted by Globes, Israel business news – en.globes.co.il – Aug 13, 2021
Cisco buys Israeli startup Epsagon for $500 million
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