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Stripe announced a $600 million funding round on Sunday, boosting its valuation to $95 billion.
Stripe is now more valuable than SpaceX and is likely the most valuable private tech company ever.
Stripe s CFO says that Europe is a major growth opportunity, even as it doubles down on enterprise.
Stripe has raised a new $600 million round of funding that sends the online payments processor s valuation skyrocketing up to $95 billion, the company announced on Sunday.
That valuation makes Stripe the most valuable private tech company in the world, beating out SpaceX s last valuation of $72 billion. In fact, the Financial Times reports that Silicon Valley-based Stripe is now the most valuable privately-held tech company in history, surpassing the $80 billion or so mark achieved by Facebook ahead of its own IPO, or the $72 billion high-water mark hit by Uber.
Flatfile
Flatfile announced Wednesday that it raised $35 million in funding led by Scale Venture Partners.
Flatfile s founders worked together at Envoy and started the software as a side project.
Flatfile helps customers with onboarding customer data, and it has customers like Toast and HubSpot.
While David Boskovic and Eric Crane were working at office software startup Envoy in 2017, they couldn t believe how hard it was to handle and clean up the firm s data.
So, out of that personal frustration they rage designed a side project, which they called Flatfile, that could automatically organize and format data.
Boskovic quit Envoy to focus on the project full-time in December 2018 and the firm just announced a $35 million Series A round on Wednesday led by Scale Venture Partners. The firm s total funding is $42.6 million; it now has a valuation of $185 million. After launching in June, Flatfile has already raked in 300 customers, including To
The productivity software company Zoho has never taken outside funding and plans to stay private.
Zoho chief strategy officer Vijay Sundaram says the company can more easily take a long-term view.
Zoho currently competes against software giants like Atlassian and ServiceNow.
The 25-year-old productivity tool company Zoho believes that staying private has been one of the keys to its success and doesn t have any ambitions for an IPO.
Zoho, along with its IT service management division ManageEngine, offers a suite of productivity and business applications and competes against public software giants like $57 billion market cap Atlassian and $95 billion market cap ServiceNow. Unlike those competitors, which raised $522 million and $269.28 million from investors, respectively, before going public, Zoho has never taken outside investment.
Pulumi
Cloud startup Pulumi hired three new executives who previously worked at Amazon Web Services.
CMO Jay Wampold, director of product marketing George Huang, and VP of marketing Aaron Kao all came on.
Pulumi says the hirings show it.can attract top cloud talent from companies like AWS and Microsoft.
Seattle-based cloud startup Pulumi has poached three former Amazon Web Services executives for its team over the past few months.
Pulumi helps developers easily build and manage applications on any cloud including AWS, Microsoft Azure, or Google Cloud and automatically manage the resources needed to run those apps. It s become a rising star in Seattle s tech startup scene, and just announced a $37.5 million Series B round last October.
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Enterprise tech startups are generally stable during economic downturns.
That makes them good places to work in any climate.
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According to a report from OpenView Venture Partners, enterprise software is virtually recession-proof. That s because companies, whether they re in tech, finance, retail, or virtually any industry, rely on enterprise software to make their businesses run.