Blackstone invests over $100m in Cloudinary at $2b valuation

Date:


The Israeli digital picture and video supply firm has raised the cash in a secondary providing.


Israeli digital picture and video supply firm Cloudinary as we speak introduced that Blackstone Development is investing greater than $100 million as a secondary funding within the firm, at a valuation of $2 billion. That is npot the primary time that the bootstrapped firm’s founders and workers have bought shares. Blackstone’s funding follows three earlier secondary rounds, by Salesforce Ventures in 2020 and Bessemer Enterprise Companions (BVP) in 2018 and 2015.







Based by CEO Itai Lahan, CPO Nadav Soferman and CTO Tal Lev-Ami, Cloudinary has developed a platform and software program that enables top quality and fast supply of photographs and video. The corporate reached $100 million in annual recurring income in December.

Lahan mentioned, “This funding marks an vital milestone for all of us right here at Cloudinary. We’re excited to be partnering with Blackstone at this stage in our enterprise, and we sit up for accelerating our development andwhile making it even simpler for our prospects to unleash the complete potential of their visible media.”

Blackstone Development managing director Ramzi Ramsey added, “Remarkably, and considerably quietly behind the scenes, Cloudinary powers the web sites and apps that hundreds of thousands interact with daily. We’re very excited to assist the following section of development for this super firm which is enjoying a important function as increasingly more companies emphasize digital media and their on-line experiences.”

Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 15, 2022.

© Copyright of Globes Writer Itonut (1983) Ltd., 2022.



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