Anissa Gardizy / The Information: Source: Cisco is paying around $650M in cash for Isovalent, or 32 times the startup’s ARR; Isovalent was valued at $250M in a funding round in September 2022  —  Cisco Systems’ acquisition of Isovalent, a cloud networking and security startup backed by Google and Microsoft, announced on Thursday … Lees verder op Tech Meme

Bloomberg: Sources: OpenAI is in early talks to raise new funding at a valuation at or above $100B, and discussed raising between $8B and $10B from G42 for a chip venture  —  OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge … Lees verder op Tech Meme

Aisha S Gani / Bloomberg: Revolut publishes delayed 2022 accounts, removing a hurdle in its UK banking license bid, reporting revenue up 45% YoY to £922.5M and a £25.4M pretax loss  —  – Auditors at BDO say issues for 2021 data have been resolved  — Fintech reports pretax loss; sees $2 billion revenue this year Lees verder op Tech Meme

Erin Griffith / New York Times: Court docs: how false claims and risky trades by the HeadSpin CEO and a lack of oversight by investors like GV and Iconiq Capital led to the startup’s implosion  —  False claims and risky trades at the Silicon Valley start-up HeadSpin were part of a pattern of trouble emerging at young companies that lacked controls. Lees verder op Tech Meme