Cloud startup Epsagon to be acquired by Cisco for $500 million
The Israeli company that was founded in 2017 develops software-as-a-service (SaaS) automated end-to-end monitoring technologies for serverless cloud-based systems
Golan Hazani | 12:09 13.08.2021
Technology conglomerate Cisco Systems is acquiring Israeli startup Epsagon for $500 million, Calcalist has learned. This will be Cisco's second-largest acquisition of an Israeli company after the purchase of NDS for $5 billion in 2012. Epsagon develops software-as-a-service (SaaS) automated end-to-end monitoring technologies for serverless cloud-based systems, specializing in monitoring and tracing for microservices and cloud-based applications. Epsagon has raised just $30 million to date over three funding rounds from backers including DTCP, Lightspeed Venture Partners, USVP, and StageOne Ventures.
This will be Cisco's second acquisition in Israel within three months after it purchased Sedona for an estimated $100 million in May.