Funding Watch – 15/04/2020
Here at Talent Ticker, we’re all about removing some of the stress from recruiters’ lives. With everyone on lockdown and companies battening down the hatches, a recruiter’s job is harder than ever at the moment. That’s why we’ve collected the largest funding rounds from the last week which you may have missed into one list, to help make finding your next deal that little bit easier.
Privitar raises $80m in Series C
London-based Privitar has raised $80m in its Series C funding round, which was led by Warburg Pincus. With CEO Jason du Preez at the helm, the firm designs data privacy software for enterprises from their offices in London, Austin, Boston, New York, Paris, Singapore, and Warsaw.
Privitar has earmarked this raise for general market expansion, as well as product development and team development across all areas of the business. With seven global offices and hiring planned across all teams, building a relationship with Privitar now could see you closing deals across all of your verticals.
Podium completes $125m Series C round
Customer interaction management platform Podium has completed its Series C funding round, closing at $125m. Based in Lehi, Utah, the Software-as-a-Service firm also has a second office in Melbourne.
With just under 800 staff based predominantly in its Utah headquarters, Podium hasn’t stated any specific plans for this late-stage funding round, but you can expect to see general growth across all of its team as it looks to develop its product further and reach new markets. Now is the time to reach out to Podium, so you’re there when its growth plans are set in stone.
Accellion raises $120m for growth
Accellion, a Palo Alto, California-based secure file sharing and governance platform, has secured $120m in its latest funding round. Alongside its headquarters in California, Accellion also has an EMEA base in Stuttgart and a further office in Singapore.
Led by Bregal Sagemount, this latest round of funding will go towards supporting Accellion’s go-to-market initiatives, product research and development, and inorganic growth through mergers and acquisitions. You can expect to see heavy hiring in operations, technology, and product roles as the firm goes ahead with its ambitious plans.
CircleCI raises $100m in late-stage funding
San Francisco-based continuous integration and continuous delivery (CI/CD) DevOps platform CircleCI has raised $100m in late-stage funding. Though the firm is headquartered in California, around half of CircleCI’s staff work remotely.
Following a massive increase in usage since the start of COVID-19, CircleCI has stated that some of the funding will go towards keeping its platform stable under increased pressure. In a time of social distancing and workforces being forced to stay home, CircleCI already relies heavily on a remote workforce, making them a recruiter’s best friend during the lockdown.
Cohesity secures $250m in Series E
Another late-stage round, Cohesity has raised $250m in its Series E funding round, which was led by a number of investors, including DFJ Growth and Greenspring Associates. Based in San Diego, the start-up has built a data management platform with the aim of eliminating mass data fragmentation.
The new round of funding brings Cohesity up to a $2.5bn valuation, double what it was less than two years ago. Cohesity has earmarked the majority of the funding for US and international expansion, as well as product research and development. On the back of passing a major milestone and securing a major funding round, reaching out to Cohesity now could see you making major deals in the future.
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