Aviatrix Triples Valuation in Seven Months to $2 Billion
Investment shows investors’ enthusiasm for the cloud.
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The latest unicorn startup is Aviatrix Systems Inc., a cloud networking provider now valued at $2 billion. The company raised $200 million in the deal, which highlights investors’ enthusiasm for technology that smooths big companies’ transition to the cloud.
TCV, a technology investment firm, led the financing, with participation from other new backers including Insight Partners and Tiger Global. It comes just seven months after a round that valued the company at $700 million.