to an economy still reeling from the coronavirus crisis, so he used a simple, upbeat approach. It worked, earning him a $15 million Series A funding round led by the venerable venture capital firm Kleiner Perkins with the pitch deck below.
The Los Angeles-based startup employees 20 people, with the goal of hiring a half-dozen more this year. It was founded last year, emerging from stealth mode in February. It declined to disclose valuation. Cole's cofounder is Chief Product Officer Mark Curphey, a veteran of Charles Schwab and Microsoft.
The startup seeks to address the challenges of a boom in enterprise data stored on mega-clouds like Amazon Web Services or Microsoft Azure. By 2022, 75% of all databases will be deployed or migrated to a cloud platform, with only 5% ever considered for repatriation to on-premises, according to analyst firm. That often means a company's data is sprawled across multiple cloud storage areas, making management difficult, and breaches more likely.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
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