[Digital Today reporter Chi-gyu Hwang (황치규)] The Information reported on April 10 (local time) that Cisco Systems is in talks to acquire Israeli AI agent security startup Astrix Security.
The Information said, citing sources familiar with the matter, that the deal is valued at about $250 million to $350 million.
Astrix is a five-year-old startup that sells software that monitors AI agents and strengthens security. The talks are ongoing and may not result in an agreement.
AI agents are AI software that perform tasks on a user’s behalf on the user’s device. As companies focus on risks related to agents, large software companies are increasingly adding related features or acquiring security startups.
Cisco has been pushing for several years to expand subscription-based software revenue, including cybersecurity tools. Earlier this week, it agreed to buy Galileo Technologies, which develops tools to monitor and evaluate AI models and agents.
• Cisco to buy AI observability company Galileo, expanding AI agent security
Two years ago, it acquired Robust Intelligence, which sells software designed to prevent security vulnerabilities in AI applications.
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