According to PitchBook, Epsagon, which examines cloud apps automatically, has garnered only $30 million to yet.
Cisco Systems is acquiring Israeli application monitoring company Epsagon for $500 million, according to a source close to the matter.
Founded on Jan 2018 by CEO Nitzan Shapira and CTO Ran Ribenzaft, Epsagon developed a completely automated SaaS platform which allows Dev and Ops teams to troubleshoot apps and fix issues in a 5-minute solution with zero work needed from the client’s side.
The company raised its $4 million seed funds in two rounds within the first 6 months of the company. The company raised total $30 million, most likely at a valuation of between $100 and $200 million, and has therefore increased its valuation fivefold in 18 months. Among the investors are DTCP, Lightspeed Venture Partners, Stage One Ventures and US Venture Partners (USVP).
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Epsagon, which competes with Lumigo, Data Dog, and New Relic manged to serve large corporations and Israeli startups dealing with massive volumes of data with 60 employees in Tel Aviv, NYC, and San Francisco offices. .
Cisco has previously bought a number of Israeli firms, including video software company NDS for $5 billion in 2012 and, more recently, 5G intelligence network company Sedona Systems earlier this year and cybersecurity company Portshift last year – both for approximately $100 million.
