Cisco Acquires Startup Valtix to Enhance Multicloud Network Security Capabilities

Table of Contents

Introduction

In a move to strengthen its security offerings, Cisco announced the acquisition of Valtix, a startup that specializes in helping companies secure their environments across multiple clouds. The terms of the deal were not disclosed, but it is expected to be finalized by the end of Q3 FY2023.

Background on Valtix

Valtix was founded in 2020 and has since raised over $26 million in funding, including a $12.5 million Series A round in 2021 that saw participation from Cisco Investments. The company’s cloud-native control plane enables customers to enforce common policies and networking across all major public cloud environments.

Why Valtix is a Good Fit for Cisco

Cisco has been investing heavily in software services and the cloud, and its acquisition of Valtix should help the company solidify its position in this space. As Raj Chopra, SVP and Chief Product Officer of Cisco’s Security Business Group, noted:

"As a strategic investor in Valtix since 2020, Cisco supports Valtix’s commitment to simplify network security, protecting workloads no matter which cloud they are created or consumed in…With their cloud-native, easy-to-use control plane, they enable customers with common policy and enforcements of networking across all major public cloud environments."

Cisco’s Growing Security Business

Cisco has been actively expanding its security offerings through acquisition. Recent deals include the purchase of Duo Security in 2018 and Kenna Security in 2021. Valtix is expected to be folded into Cisco’s security business group upon closing.

The Benefits of Simplifying Multi-Cloud Security

As more organizations move their applications and workloads to the cloud, managing security across multiple clouds can become increasingly complex. Valtix’s solution provides a simple and unified approach to securing environments across different cloud providers.

The Impact on the Industry

The acquisition of Valtix by Cisco is likely to have a significant impact on the industry. As more companies move to the cloud, the need for simplified multi-cloud security solutions will only continue to grow.

Conclusion

Cisco’s acquisition of Valtix should help solidify its position in the market as a leader in multi-cloud security. With Valtix’s cloud-native control plane and Cisco’s extensive security expertise, customers can expect a more seamless and unified approach to securing their environments across multiple clouds.

Additional Information on Valtix

Founding Year: 2020
Funding Raised: Over $26 million
Key Investors: Cisco Investments (Series A round)
Product/Service: Cloud-native control plane for enforcing common policies and networking across major public cloud environments

About the Author

Ron Miller is an Enterprise Reporter at TechCrunch, covering news and trends related to technology and innovation in the enterprise space. With a background in journalism and a passion for understanding the intersection of technology and business, Ron provides insightful coverage of the latest developments in the world of enterprise technology.