Bourse (picjumbo photo)
The Claudinary start-up has completed a second-round fundraiser of more than $ 100 million at a company value of $ 2 billion. Cloudinary, a developer of a media management platform, and those who sold the shares were the company’s employees and its founders, making the company a new unicorn in the Israeli high-tech industry. The fundraising round was led by the Blackstone Foundation.
According to the company, the recruitment of the second scandal was made possible following a year in which the company experienced significant growth in the number of customers using the media products that the company offers. Last December, the company reached an annual revenue rate of $ 100 million, and acquired the American company Indivio.
More in-
Claudineri was founded in 2012, by Itai Lachan, the company’s CEO, Nadav Superman (COP) and Tal Lev-Ami (CTO), and provides a cloud-based solution for digital media management. The company currently has about 9,000 customers worldwide, including: Atlassian, Bleacher Report, Bombas, Grubhub, Hinge, NBC, Mediavine, Minted, Peloton and Petco.
The company employs over 400 people, of which about 200 are from the company’s headquarters in Petah Tikva, and the rest in its branches in Europe, Asia and the US. The company has performed three similar rounds since its inception, in 2015, 2018 and 2020.
“We have chosen to embark on a second round of fundraising since the company was founded. This investment marks an important milestone for all of us at Claudinary,” said Itai Lachan, co-founder and CEO of Cloudinary. , And also in terms of the number of customers we accompany, and enjoy the services that the company offers.
We recently reached a $ 100 million ARR, a significant milestone for any company, and especially for a bootstrap company like Claudinary. All these testify to the importance and uniqueness of the product in the industry and in the field of media, in which Claudinari is engaged, and has become one of the main and important fields in recent years. We thank the Blackstone Foundation for their cooperation, and look forward to continuing to work together as Claudineri grows and develops into more places. ”
“Claudinary runs the sites and apps that millions of people browse every day.” Said Ramsey Ramsey, Managing Director at the Blackstone Foundation. “We are excited to support the next phase of the growth of a significant company like Claudinary, and the important role it plays as more and more businesses and companies use the media in the sites and applications they run.”
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment