Amount Raised
$72 Million
Investors
Active CapitalH.I.G. Growth Partners
Description
The cloud is growing expensive. According to a recent survey from ESG, more than half of companies say that their spending on public cloud apps will increase in 2023 while 56% expect their public cloud infrastructure services spending will go up this year. A separate report from Gartner forecasts that worldwide spending on public cloud services will grow to total $591.8 billion in 2023, up from $490.3 billion in 2022.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech