Artech Information Systems
Artech Information Systems Raises $2B in Private
Quick Facts
Artech Information Systems Raises $2B in Private
Artech Information Systems has successfully raised $2B in a Private at a $3B valuation led by Private.
Company Overview
Artech Information Systems is a IT Services company headquartered in 400 Atrium Drive, Somerset, NJ 08873, founded in 1995 with 6000+ employees.
IT staffing and consulting company
Fundraising Details
- Amount Raised: $2B
- Round Type: Private
- Valuation: $3B
- Date: 2024-01-01
- Investors: Private
About Artech Information Systems
IT staffing and consulting company The company is positioned in the IT Services sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 400 Atrium Drive, Somerset, NJ 08873
- Founded: 1995
- Team Size: 6000+
- Industry: IT Services
What This Means
This funding round demonstrates strong investor confidence in Artech Information Systems'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 IT Services sector continues to attract significant investment as companies innovate to meet evolving market demands. Artech Information Systems's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3B valuation marks an important milestone for Artech Information Systems, positioning the company among notable players in the IT Services industry.
Looking Ahead
With this new capital, Artech Information Systems is well-positioned to execute on its growth strategy and continue building innovative solutions in the IT Services 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 2024-01-01. For more information about Artech Information Systems, visit their headquarters at 400 Atrium Drive, Somerset, NJ 08873.
About the Author
Related Company Reports
Anthropic Raises $2B in Series D
Anthropic, a AI/ML company based in San Francisco, CA, has raised $2B in Series D at a $18B valuation led by Menlo Ventures, Spark Capital, Google.
xAI Raises $6B in Series C
xAI, a AI/ML company based in San Francisco, CA, has raised $6B in Series C at a $40B valuation led by Sequoia Capital, a16z, Valor Equity.
Adept AI Raises $350M in Series B
Adept AI, a AI/ML company based in San Francisco, CA, has raised $350M in Series B at a $1B valuation led by General Catalyst, Spark Capital, Addition.