3.5 years-old Epsagon to be acquired by Cisco for $500 million

Epsagon CEO Nitzan Shapira and CTO Ran Ribenzaft

In response to PitchBook, Epsagon, which examines cloud apps robotically, has garnered solely $30 million to but.
Cisco Methods is buying Israeli software monitoring firm Epsagon for $500 million, in accordance with a supply near the matter.

Based on Jan 2018 by CEO Nitzan Shapira and CTO Ran Ribenzaft, Epsagon developed a totally automated SaaS platform which permits Dev and Ops groups to troubleshoot apps and repair points in a 5-minute answer with zero work wanted from the consumer’s facet.

The corporate raised its $4 million seed funds in two rounds inside the first 6 months of the corporate. The corporate raised complete $30 million, almost certainly at a valuation of between $100 and $200 million, and has due to this fact elevated its valuation fivefold in 18 months. Among the many traders are DTCP, Lightspeed Enterprise Companions, Stage One Ventures and US Enterprise Companions (USVP).

Epsagon, which competes with Lumigo, Information Canine, and New Relic manged to serve giant firms and Israeli startups coping with large volumes of information with 60 workers in Tel Aviv, NYC, and San Francisco places of work.  .

Cisco has beforehand purchased numerous Israeli companies, together with video software program firm NDS for $5 billion in 2012 and, extra not too long ago, 5G intelligence community firm Sedona Methods earlier this 12 months and cybersecurity firm Portshift final 12 months – each for roughly $100 million.

3.5 years-old Epsagon to be acquired by Cisco for $500 million