CISCO EYES $250M+ DEAL FOR AI SECURITY STARTUP ASTRIX

The networking giant is in talks to buy Astrix Security, a five-year-old company specializing in software that monitors and secures AI agents. The deal values the Israeli startup at significantly more than its most recent $200 million valuation. ■ What Astrix Does Astrix develops cybersecurity software focused on AI agents—autonomous AI software that can take actions on behalf of users on their devices. The startup's tools help organizations monitor and secure these AI systems as they interact with corporate data and applications. ■ Market Context The acquisition talks coincide with surging interest in AI agents across the enterprise technology sector. As companies increasingly deploy AI systems with autonomous capabilities, security concerns around these tools have intensified. For Cisco, the acquisition would expand its cybersecurity portfolio at a time when AI-related security products are becoming critical for enterprise customers. The company has been actively building out its security offerings through both internal development and acquisitions. ■ Deal Terms The proposed purchase price of $250 million to $350 million would mark a significant premium for Astrix's investors. The startup had previously raised funding at a $200 million valuation, meaning early backers could see returns of 25% or more if the deal closes at the higher end of the range. Neither Cisco nor Astrix has publicly commented on the negotiations. Deal terms could still change or talks could fall apart before a final agreement is reached.