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It expects to nearly double staff this year following a $10 million venture capital round announced in February.
After the first seed funding or small venture capital round, the team should hover between six and 15.
The investment was the first venture capital round for the 14-year-old, privately held company, which sold storage services instead of products until last year.
He said Nanomuscle, which completed its first major venture capital round in March, can sustain itself for the rest of the year on the $10 million it raised.
FoundationDB, a data storage company based in Vienna, added $17 million to its coffers last week in a venture capital round led by Sutter Hill Ventures.
I wouldn't advise start-ups launching now to work towards a big venture capital round - instead, focus on revenue-generating opportunities.
Similar(25)
Facebook raised money in three rounds, seed money in 2003 and traditional venture capital rounds in 2005 and 2006.
First, the legal terms matter in negotiating venture capital rounds — something hard for young entrepreneurs to appreciate at the time.
This course covers all the stages of funding for early stage high-growth companies, from seed funding to venture capital rounds to a successful exit.
It was backed by Sequoia VC and raised $35M in three venture capital rounds.
ThingWorld.com has traditionally used venture capital rounds to extend its reach.
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