Cisco CEO Chuck Robbins Photograph by Stuart Isett/Fortune

Cisco has been a keen buyer of several startups and well-established companies alike. Just some days ago, the networking company scooped up optical tech supplier Acadia Communications for $2.6 billion. A month before that, Cisco acquired french IoT company Sentryo. Now it seems the company is eyeing another acquisition, with news from The Information [paywall] stating that Cisco is looking to acquire Signal Sciences, a Los Angeles-based cybersecurity startup.

Signal Sciences is one of many startups lurking in the cybersecurity industry. It develops software that protects apps running on cloud providers and on data centers from malicious attacks. Signal Sciences has courted many top tech companies as customers, to name some; DoorDash, Betterment, Remitly, Adobe, WeWork, Glossier, Cisco’s Duo Security, One Medical, Yelp, PlanGrid, Procore, Postmates, Tenable and SendGrid. Overall, Signal Sciences protects more than 10,000 applications.

Signal Sciences already has some relations with Cisco. Cisco’s Duo Security is a customer and it doesn’t stop at that. The cybersecurity startup has a board member; Lorrie Norrington, who previously served as former Lead Board Director of Duo Security. Duo Security was a cybersecurity startup just like Signal Sciences prior to a $2.35 billion acquisition by Cisco. Cisco was also an investor in Duo Security before it scooped it up.

Signal Sciences has raised roughly $62 million in funding [Crunchbase data], including a $35 million Series C earlier this year. Its backers include Index Ventures, CRV, Harrison Metal, CRV, Lead Edge Capital and more. Signal Sciences currently employs 150 people.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print