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billion post-money. Co-founder and CEO Fangjin Yang says that the new money will be put toward product development and expanding the company’s workforce from 200 employees to 300 by the end of the year. Gartner once predicted that, by this year, 75% of all databases will be deployed or migrated to a cloud platform.
Gartner predicted in a 2020 report that worldwide spending on information security and risk management technology and services would reach $150.4 We were approached to start a Series B and were able to do it at a time when many tech companies were challenged to raise money. It’s almost certainly grown since.
with the company being valued as high as $4 billion, according to Bloomberg , which is a significant uplift over the $730 million post-money value that PitchBook had for the company after its last round in 2020. There have also been a few big exits in the space over the years, including Duo Security, which was acquired by Cisco for $2.35
The new capital values the company at more than $450 million post-money, and CEO Jyoti Bansal — who’s also the cofounder of BIG Labs and Unusual Ventures — says that it’ll be put toward product development, recruitment, and customer acquisition. billion) and Harness (which recently raised a $230 million Series D).
For a couple of years now we've been seeing talk of Green IT, and as early as 2007 management consulting giants Gartner and McKinsey were addressing Green issues as a major issue facing IT managers. Today's EnergyWise announcement by Cisco underscores the growing concern managers have in both these areas.
Gartner, a research firm, estimates that by 2020, the IoT will include 25 billion devices. TechSoup donor partner Cisco predicts that IoT will account for the majority of Internet traffic by 2018. If you want to try one out, it has a 30-day money-back guarantee. Currently the largest growth in IoT is in the automotive sector.
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