• $2.5 billion Acronis plans to double in size as the nearly 20-year-old firm sees a huge swell in business as companies realize cyber protection is 'mission critical'

    10 days ago - By Business Insider

    Summary List Placement The pandemic and massive hacks like SolarWinds have increasingly spurred businesses to realize the importance of cyber hygiene - and it's a financial windfall to security providers.
    Acronis, a Singapore and Switzerland-based data protection startup, announced Tuesday that it raised more than $250 million in equity at a valuation of over $2.5 billion. The round was led by CVC Capital and comes on the heels of $147 million that Acronis raised in 2019 from Goldman Sachs.
    The firm's cyber protection service offers a single platform that combines data backup, disaster...
    Read more ...

     

  • The CEO of $1.95 billion ThoughtSpot explains how its new product for startups and tech companies fits into its master plan for an IPO

    The CEO of $1.95 billion ThoughtSpot explains how its new product for startups and tech companies fits into its master plan for an IPO

    10 days ago - By Business Insider

    Summary List Placement With 600 employees and a valuation of $1.95 billion, the nearly decade-old analytics startup ThoughtSpot is aiming to reinvent itself as a cloud company before it undergoes its planned IPO .
    On Tuesday, the company is expected to launch a new product called ThoughtSpot Everywhere to help developers easily build analytics into their products with a minimum of coding required. It's also acquiring Diyotta, a North Carolina and India-based company that builds integration tools for data analysis, focused on the cloud. ThoughtSpot declined to disclose financial details of...
    Read more ...