Cisco Eyes Astrix Security To Lock Down AI Agents In Potential $350M Deal: Report

Cisco Systems is in advanced discussions to acquire Israeli startup Astrix Security for $250 million to $350 million, as reported by The Information. Astrix, founded in 2021, specializes in monitoring and securing AI agents, focusing on identity security across various cloud environments including SaaS, IaaS, and PaaS.

This potential acquisition reflects Cisco's strategy to enhance its AI security capabilities amid increasing adoption of AI agents, which have raised new security concerns for businesses.

The acquisition would be Cisco's second planned deal for 2026, following its recent announcement to purchase AI observability firm Galileo Technologies Inc. Astrix's funding history includes a Series B round in December 2024, where it raised $45 million, bringing total funding to $85 million.