3 ms·
Having some department at e.g. Volvo using your product doesn't mean that you have Volvo as a serious customer paying you like they would as a serious customer.
by caturopath 5y ago
Having some department at e.g. Volvo using your product doesn't mean that you have Volvo as a serious customer paying you like they would as a serious customer.
I take your point that this is a really late round of funding, but this doesn't mean they've caught on like they want to yet.
- whalesalad 5y agoI agree that what you've described is likely the true situation. It just looks funny to see a company claim to be worth $2 billion dollars and namedrop big brands and yet require a 6th cash injection. There is an incongruence there.
- latenightcoding 5y agoBut that's how most big tech companies have been operating for the last 10-15(?) years. How do you think public companies that have never made a $ got there.
- dalbasal 5y agoTrue. Private funding rounds this big just weren't available, so these were IPOs instead of round FS.
- dvirsky 5y agoRedis Labs are more or less doing the same.