Probably not. Their previous round was $37.2m on a $153m post, so about 25% equity. Hosting is very low margin, so valuations trend lower than other businesses.

Probably not. Their previous round was $37.2m on a $153m post, so about 25% equity. Hosting is very low margin, so valuations trend lower than other businesses. I would say $500m valuation, tops. Most likely <$400m.