Tech Company Financing Transactions
Lightbits Labs Funding Round
Lightbits Labs secured a $42 million funding round on 6/28/2022. Investors included Atreides Management LP, Dell Technologies Capital and Intel Capital.
Transaction Overview
Company Name
Announced On
6/28/2022
Transaction Type
Venture Equity
Amount
$42,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company plans to use the new funding to enrich its technology and to prepare for it for a soft launch with public cloud providers, Kirzner said. It also plans to invest in expanding its marketing and sales activities.
Company Information
Company Status
Private & Independent
Industry
Storage
Mailing Address
1830 The Alameda
San Jose, CA 95126
USA
San Jose, CA 95126
USA
Phone
Undisclosed
Website
Email Address
Overview
Lightbits makes high-performance elastic block storage simple, scalable, and cost-efficient for any cloud. We help our customers scale their business effortlessly, accelerate IT operations, and reduce costs.
Management Team
Title
Name
Email & Social
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We report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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