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Webscale Raises $ 26 Million in Growth Financing to Accelerate Ecommerce | Announcements | USA Edition – Latest News, Breaking News, Top News Headlines
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Webscale Raises $26 Million in Growth Financing to Accelerate Ecommerce
Innovator in cloud infrastructure delivers enterprise-grade security and flexibility amid pandemic consumer shifts and rise of headless architectures
SANTA CLARA, Calif., March 04, 2021 (GLOBE NEWSWIRE) Webscale, the Safest Cloud for Ecommerce, today announced the closing of $26 million in growth capital financing from investors and Silicon Valley Bank. The Series C round was led by BGV, STCAP Ventures and Mohr Davidow Ventures, with participation from Grotech Ventures.
This investment in Webscale’s comprehensive ecommerce platform is more pertinent than ever. Amid COVID-19 restrictions and life-altering consumer habits, Webscale grew 108% in 2020, powering thousands of storefronts, particularly those leveraging newer trends with headless and progressive web app (PWA) architectures. This growth is expected to continue as merchants demand more flexibility, scale and security, coupled with fast, simple de
4 mar 2021
Webscale Raises $26 Million in Growth Financing to Accelerate Ecommerce
Innovator in cloud infrastructure delivers enterprise-grade security and flexibility amid pandemic consumer shifts and rise of headless architectures
SANTA CLARA, Calif., March 04, 2021 (GLOBE NEWSWIRE) Webscale, the Safest Cloud for Ecommerce, today announced the closing of $26 million in growth capital financing from investors and Silicon Valley Bank. The Series C round was led by BGV, STCAP Ventures and Mohr Davidow Ventures, with participation from Grotech Ventures.
This investment in Webscale’s comprehensive ecommerce platform is more pertinent than ever. Amid COVID-19 restrictions and life-altering consumer habits, Webscale grew 108% in 2020, powering thousands of storefronts, particularly those leveraging newer trends with headless and progressive web app (PWA) architectures. This growth is expected to continue as merchants demand more flexibility, scale and security, coupled with fast
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WorkFusion
WorkFusion automates enterprise business processes by combining robotics, AI-powered cognitive automation, and workforce orchestration. Founded by Andrew Volkov and Max Yankelevich in 2010, WorkFusion is backed by investors that include Georgian Partners, Greycroft, iNovia Capital, Mohr Davidow Ventures, and NGP Capital and is headquartered in New York.
FOUNDED:2010
FOUNDERS:Andrew Volkov, Max Yankelevich
Robotic process automation (RPA) enables businesses to free up their human capital to focus on higher-value tasks by automating repetitive, tedious tasks. These robotic systems also free up IT departments as they do not require any specialized skillset to deploy, end up being cost-effective in the longer term, and more accurate. WorkFusion has built its Intelligent Automation enterprise-level software that allows highly -regulated specialized industries like banking, finance, and healthcare to seamlessly adopt RPA. The bots learn in real-time and this k
U of Chicago s School of Social Work Gets $75 Million
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