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Datrium, founded in 2012 and headquartered in Sunnyvale, California, is a company specializing in disaster recovery solutions and data management services within the cloud computing industry. The company offers a range of products, including disaster recovery as a service with VMware Cloud on AWS, primary storage, data backup, and encryption data protection for businesses.
Since its inception, Datrium has made significant strides in the cloud computing and data management sector, raising a total of $134 million in funding. This substantial investment demonstrates the confidence of investors in Datrium's innovative solutions and growth potential.
In July 2020, Datrium was acquired by VMware, a major player in the cloud computing and virtualization industry. This acquisition marked a significant milestone for the company, potentially impacting its future direction and market position.
As of now, we have no concrete information regarding Datrium's IPO prospects. Given the company's acquisition by VMware, it's unlikely that Datrium will pursue an independent initial public offering. However, investors interested in the cloud computing and data management sector may want to keep an eye on VMware's stock performance and future developments related to Datrium's technology within the VMware ecosystem.
It's important to note that the landscape of tech companies and their IPO plans can change rapidly. We recommend that potential investors stay informed about developments in the cloud computing industry and VMware's strategic decisions regarding Datrium's technology and services.
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While Datrium's IPO prospects remain uncertain, investors interested in the data storage and cloud computing sector don't have to wait on the sidelines. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides opportunities to invest in potential industry leaders like Datrium, with lower minimum investments than traditional private equity channels. This allows you to diversify your portfolio and potentially benefit from the growth of innovative tech companies as they prepare for public markets.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
