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enterprise cloud

Cloud Startup Teleport Valued at $1.1 Billion After New Funding

By
Kevin McLaughlin
· · Source: The Information

Cloud startup Teleport, which sells software for managing access to corporate servers, applications and data, has raised $110 million in Series C funding led by Bessemer Venture Partners at a $1.1 billion valuation. Cybersecurity startups have proven resilient to previous economic downturns. While Teleport isn’t a pure cybersecurity company, its software helps companies keep corporate data...

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Sumo Logic Cuts Staff After Francisco Partners Takeover
By Paris Martineau and Maria Heeter · June 10, 2023 7:30 AM PDT
Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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CareRev co-founder Will Patterson stepped down as CEO last week. Art by Clark Miller
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