Lightspin Team (Company Pic Photo: David Garb
Cisco has announced its intention to acquire the Israeli startup Lightspin, a privately-held cloud security software firm headquartered in Tel Aviv. The deal is said to be worth somewhere between $200 and $250 million. Lightspin has raised $25 million to date from institutional investors like Dell Technologies Capital, IBM, and Ibex Investors.
Cisco said that over the past 18 months, the company has continuously invested in its cloud-native technologies portfolio across cloud security, connectivity, and observability to meet the growing needs of Cisco customers and their increasingly complex multi-cloud environments. With the addition of Lightspin, says Cisco, customers will be able to identify, prioritize, and remediate critical cloud security risks without the hassle of extensive configuration requirements.
Founded in 2020 by CEO Vladi Sandler and CTO Or Azarzar, Lightspin boasts that their cloud security platform protects cloud and Kubernetes environments throughout the development cycle and simplifies cloud security for security and DevOps teams. Using patent-pending advanced graph-based technology, Lightspin “empowers cloud and security teams to eliminate risks and maximize productivity by proactively and automatically detecting all security risks, smartly prioritizing the most critical issues, and easily fixing them – from build to runtime.”
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Lightspin’s boasts that its platform offers simple instructions for prioritizing and remediating top risks and mitigating threats in order of importance, whether a misconfiguration, public asset at risk, risky permissions, or vulnerability, as well as easy deployment of its SaaS platform. “In just a few clicks, the user has access to a holistic approach that doesn’t only focus on compliance or real-time alerts once an attacker is already in the system.”
Vijoy Pandey, SVP and GM at Cisco stated, “The Lightspin team has extensive technical expertise in cloud security, product development, and SaaS security products. The team’s experience supporting DevOps and DevSecOps with context and tooling will accelerate our ability to deliver the solutions and support needed to prioritize and remediate vulnerabilities across cloud applications and environments.”
