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Cisco Expands Cloud-Based Services With Acquisition of High-Flying Budapest-Based Startup

2020. november 17.

BNE INTELLINEWS

US-based technology firm Cisco has reached a deal to buy Kubernetes-focused Hungarian startup Banzai Cloud, marking its second cloud-native-focused acquisition in two months, Forbes reported on November 16. Founded in 2017, the Hungarian firm was ranked seventh on the list of the hottest Hungarian startups in 2019. The company develops software and big data solutions, and their platform makes it easier for companies to develop, deploy and scale cloud applications. Over the last three years Banzai raised more than $5mn in capital in two rounds from the private equity arm of OTP Bank, PortfoLion. 

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