Clumio, a data backup and recovery provider for companies using the public cloud, has raised $75 million in a Series D round of funding. The problems that Clumio, and others like it such as Veeam and Rubrik, are trying to solve are manifold. While public cloud spending is showing little sign of weaning, businesses also face growing threats related to ransomware, with extortion gangs enjoying a bumper 2023 by most estimations.
Clumio Announces $75M Series D and 4X YoY Growth in ARR koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.
Chipmaker: Social media firm Reddit, cloud-security company Rubrik and software firm ServiceTitan are also expected to go public this year. Astera and its existing investors, that include private equity firm Sutter Hill Ventures and Fidelity Management and Research, will be selling shares in the offering.
Chipmaker Astera Labs reveals smaller annual loss in US IPO filing streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.