That’s according to a report Sunday (Jan. 4) from Calcalist, which noted that Axonius was previously valued at $2.6 billion. However, the company denied that the deal is happening in a statement to the tech publication:
“Axonius is not in talks to be acquired by Cisco. Our strategy is to build a durable, independent company. We are focused on execution, serving our customers, and continuing our growth. That is where our attention is.”
PYMNTS has contacted Cisco for comment but has not yet gotten a reply.
The Calcalist report added that Axonius operates in a similar space as cybersecurity firm Armis, which was sold last month to ServiceNow for $7.75 billion.
According to the report, Axonius has raised about $700 million to date, though its first investor, YL Ventures, has since exited its holdings. Last November, the company cut 100 jobs from its 900-person workforce in Israel…
