visibility

Isovalent: The newly sought-after startup acquired by Cisco for its cloud-hosting capabilities and innovative security measures

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Cisco announced this morning that it intends to acquire Isovalent, a cloud-native security and networking startup that should fit well with the company’s core networking and security strategy. Tetragon is the company’s open source security visibility component. Jeetu Patel, executive vice president and general manager of security and collaboration at Cisco said that it is essential for companies to work together where security is concerned. And we need to make sure that we stay open in this market and co-innovate, and I think open source is probably one of the best models to co-innovate with,” Patel said. Cisco has been extremely acquisitive this year with this representing the 11th acquisition by the company, the fifth related to security.

“Leveraging $165M in Equity and Debt: Kapital Empowers LatAm Small Businesses with Financial Clarity”

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Bank and technology platform Kapital continues to rake in venture capital, grabbing another $40 million in Series B dollars and $125 million in debt financing. We previously covered Kapital’s $20 million Series A in May that included $45 million in debt. Rene Saul and Fernando Sandoval co-founded Kapital in 2020 to provide similar financial visibility to small businesses, using data and artificial intelligence, that large enterprises have. “Small businesses represent 90% of the world’s businesses; however, in Mexico, only 10.5% of those small businesses have access to total bank credit,” Saul said. “That’s what we’re fixing — we give them visibility of their finances.”In 2023, Kapital’s customer base grew to 80,000 small businesses in Mexico, Colombia and Peru.