Source: Cisco is paying ~$650M in cash for Isovalent, or 32 times the startup's ARR; Isovalent raised a $40M Series B at a ~$250M valuation in September 2022 (Anissa Gardizy/The Information)

Anissa Gardizy / The Information:

Source: Cisco is paying ~$650M in cash for Isovalent, or 32 times the startup’s ARR; Isovalent raised a $40M Series B at a ~$250M valuation in September 2022  —  Cisco Systems’ acquisition of Isovalent, a cloud networking and security startup backed by Google and Microsoft, announced on Thursday …