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Article: Cloud Startups Ride Wave of Pandemic-Fueled Investments

The FireHydrant Team2020-09-25

From WSJ:

"Cloud-computing startups have landed new investments and customer accounts during the coronavirus pandemic as many companies have accelerated cloud-related projects to keep ahead of the competition.

Startups focused on application security, computer networking and storage, and enterprise databases are among those that have benefited.

Cloud-computing funding deals world-wide reached a three-year high of 97 during the second quarter, up from 76 during the same period in 2019, according to market intelligence firm CB Insights. Investors poured almost $3 billion into those startup deals between April and June."

Read the rest at WSJ.


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