Linode Raises $100M in Series Unknown

Linode has successfully raised $100M in a Series Unknown at a $1B valuation led by Akamai Technologies.

Company Overview

Linode is a Cloud Infrastructure company headquartered in 249 Arch Street, Philadelphia, PA 19106, founded in 2003 with 400+ employees.

Cloud hosting provider

Fundraising Details

Amount Raised: $100M
Round Type: Series Unknown
Valuation: $1B
Date: 2024-03-16
Investors: Akamai Technologies

About Linode

Cloud hosting provider The company is positioned in the Cloud Infrastructure sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 249 Arch Street, Philadelphia, PA 19106
Founded: 2003
Team Size: 400+
Industry: Cloud Infrastructure

What This Means

This funding round demonstrates strong investor confidence in Linode's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cloud Infrastructure sector continues to attract significant investment as companies innovate to meet evolving market demands. Linode's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1B valuation marks an important milestone for Linode, positioning the company among notable players in the Cloud Infrastructure industry.

Looking Ahead

With this new capital, Linode is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cloud Infrastructure space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-03-16. For more information about Linode, visit their headquarters at 249 Arch Street, Philadelphia, PA 19106.