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Mesosphere Raises $125M, An IPO-Level Haul For Data Center Tech

Morning Report: Let’s explore the latest funding round that likely has given birth to a new unicorn.

This morning听 that 听has from a host of investors. The new cash brings the company’s total funding to date to .

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TechCrunch’s Ron Miller 听as “a company that created an operating system of sorts for the modern datacenter.” That same publication when the company previously raised money: Mesosphere is a “container-centric company that aims to help enterprises better utilize their data centers with the help of its Data Center Operating System.”

I hope that that helped.

Here at Crunchbase News, we care a bit more about the financials behind the white papers, so let’s dive.

Valuation And Growth

The company’s new valuation is opaque, but we have some notes to work off of. During its Series C round, the capital event that preceded today’s $125 million infusion, the firm was . That was back in 2016, so let’s presume听that the company got something close to that number; it was a good time to raise.

Now, a few years later, the company has raised a much larger round. So, after putting its $73.5 million Series C to work, the company is raising bigger money. That smells like things are going fine over at Mesosphere.

(For fun: Mesosphere was worth $181 million 听Those investors are doing well.)

Adding to valuation guess is the company’s now-known revenue growth. Per the company’s release detailing its Series D: “Since our founding, we鈥檝e nearly tripled revenue year-over-year[.]” So, in the more than two years since its Series C, Mesosphere has dramatically grown its revenue. What we don’t know is if the firm was overvalued during its Series C, giving it more to grow into before its Series D. Regardless, as long as the company’s revenue isn’t screwy, it has grown quite a lot.

This means that we can likely guess that the firm is now worth around $1 billion or more.

That makes the scale of its new capital鈥攇reater than 100 percent of what it had raised before鈥攔easonable for 2018.

For more on $100 million rounds, head here.

From The听:

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Canada鈥檚 cloud future looks bright

Salesforce鈥檚 recent announcement of a $100 million fund to invest in Canadian cloud startups isn鈥檛 out of the blue. Data shows there鈥檚 been a general uptick in venture investment in Canadian cloud companies, with 2018 shaping up as a strong year for the space.

China-based听, a developer of humanoid robots for consumers, educators, and industry customers, has raised $820 million in a Series C round led by Tencent.

, a developer of software for managing enterprise cloud deployments, raised $125 million in a Series D financing led by T. Rowe Price and Koch Disruptive Technologies. The round brings total financing for the five-year-old company to nearly $250 million.

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Meet your friendly neighborhood robot. As tech firms big and tiny compete to craft the best last mile delivery solution, a San Francisco startup named听听is betting that intelligent courier robots can do the job.

iStockPhoto / VOLHA RAMANCHUK

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