If you rewind to late 2013 or early 2014, the market for enterprise startups, and perhaps especially for storage-centered startups, was quite different. Box raised $100 million in December of 2013 and $150 million the following July. Dropbox was on a similar tear, raising a $350 million Series C round in January of 2014 and snagging a $500 million debt facility that April. There was money dripping from the ceiling. And in the middle of all that, Egnyte raised a $29.5 million Series D in December of 2013. The company has not raised since. In the words of its amiable CEO, Vineet Jain, Egnyte does not “need to raise money” today, but it is considering it. In an interview, Jain detailed how that is the case and then dished on the current health of his company. Strap on your nerd helmets, friends. We’re going 8-k spelunking. Profitable cash flows Early in our interview, Jain detailed a number of new performance metrics that he partially repeated in an article this morning.
If you rewind to late 2013 or early 2014, the market for enterprise startups, and perhaps especially for storage-centered startups, was quite different. Box raised $100 million in December of 2013 and $150 million the following July. Dropbox was on a similar tear, raising a $350 million Series C round in January of 2014 and snagging a $500 million debt facility that April.
There was money dripping from the ceiling. And in the middle of all that, Egnyte raised a $29.5 million Series D in December of 2013. The company has not raised since.
In the words of its amiable CEO, Vineet Jain, Egnyte does not “need to raise money” today, but it is considering it. In an interview, Jain detailed how that is the case and then dished on the current health of his company.
Strap on your nerd helmets, friends. We’re going 8-k spelunking.
Early in our interview, Jain detailed a number of new performance metrics that he partially repeated in an article this morning.
Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast.