I’m excited to announce that we’ve secured $14.8 million in debt financing, which is being led by Silicon Valley Bank with participation from Farnam Street Financial Inc. This round of financing brings us to a total of $42 million raised over the last two years.
This funding comes at a time when enterprises are adopting cloud services faster than ever. Where we have created a successful and profitable business by keeping pace with the changing needs of businesses, and ultimately making enterprise cloud services easier to consume. This debt round will help us to continue that focus.
We look forward to continuing to build our services and capabilities, which is at the core of this funding round.