US tech big Cisco Techniques Inc. (Nasdaq: CSCO) is to amass Israeli utility monitoring firm Epsagon for $500 million, a number of sources near the matter have advised “Globes.”
Epsagon, which mechanically analyzes cloud purposes, was based by CEO Nitzan Shapira and CTO Ran Ribenzaft. In accordance with PitchBook the corporate has raised $30 million, most likely at an organization valuation of between $100 and $200 million, and has thus succeeded in rising its valuation as much as five-fold in simply the 18 month since finishing in most up-to-date financing spherical. Buyers embrace US Enterprise Companions (USVP), Lightspeed Enterprise Companions and Stage One Ventures.
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Epsagon has tripled its work power over the previous 12 months to 60. The corporate has been present process fast development together with in its variety of prospects, which embrace main companies and Israel startups dealing with huge quantities of information.
Epsagon, which competes with Information Canine, New Relic and Lumigo, offers an end-to-end monitoring answer that allows DevOps and engineering groups to watch, visualize, troubleshoot and rapidly repair their cloud purposes throughout any sort of microservice – containers, Kubernetes, or serverless workloads. Epsagon’s know-how is absolutely automated for contemporary environments the place the host will not be accessible, which makes conventional monitoring brokers out of date.
Cisco has beforehand acquired many Israeli corporations together with video software program firm NDS for $5 billion in 2012 and extra just lately 5G intelligence community firm Sedona Techniques earlier this 12 months and cybersecurity firm Portshift final 12 months – acquisitions for about $100 million every.
Printed by Globes, Israel enterprise information – en.globes.co.il – on August 13, 2021
