Aviatrix Pumps Up Multi-Cloud Networking With $75M Round [Forbes]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: Forbes
The cloud networking market is red hot, punctuated this week by a $75 Series D round for Aviatrix, one of the leaders in cloud networking technology that can connect multiple and hybrid clouds, also known as multi-cloud networking (MCN).The round was led by General Catalyst and includes new investors Greenspring Associates, Meritech Capital, and TrueBridge Capital Partners. Existing investors CRV, Formation 8, Ignition, and Liberty Global Ventures also participated in this round, which brought the company's total financing to $151 million. Quentin Clark from General Catalyst will be joining the company’s board of directors. The valuation was reportedly above $700 million (asreported by The InformationThis signals rising investment and valuations in virtualized technology that can help enterprises connect and manage their applications across multiple clouds or hybrid clouds using MCN. This has enormous potential to replace legacy networking technologies attached to proprietary hardware
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STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form 4
- 4/12/24 - Form 144
- STZ's page on the SEC website