August 27, 2024 at 07:54AM
Cisco has announced its plan to acquire Robust Intelligence, a California-based company specializing in securing AI applications. The financial details have not been disclosed, but Cisco has reportedly invested in the company. Robust Intelligence has developed an AI application security platform used by major organizations such as JPMorgan Chase, IBM, Expedia, and Deloitte. Cisco sees this acquisition as strengthening its commitment to responsible AI and providing better outcomes through security. This move aligns with the current trend of cybersecurity-related mergers and acquisitions.
Based on the meeting notes, the key takeaways are:
1. Cisco is in the process of acquiring Robust Intelligence, a California-based company specializing in securing AI applications. The financial details of the deal have not been disclosed, but Cisco has announced its investment in the company.
2. Robust Intelligence has developed an AI application security platform that automates testing for safety and security issues in AI models. The platform can detect and assess model vulnerabilities and is used by major organizations such as JPMorgan Chase, IBM, Expedia, and Deloitte.
3. Cisco views the acquisition as a natural fit that reinforces its dedication to responsible AI and providing better outcomes through security for AI and AI for security. The combination of Cisco and Robust Intelligence is expected to accelerate Cisco’s roadmap for the Cisco Security Cloud and provide advanced AI security processing seamlessly into existing data flows.
4. A SecurityWeek analysis showed that 178 cybersecurity-related mergers and acquisitions were announced in the first half of 2024.
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