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
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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