Funding
The Series C values the four-year-old storage company at $1.9B — on revenue its founder describes as “embarrassingly concentrated in three customers”. The pitch deck, which we have read, is one page long.
On-device inference, a 40ms cold start, and a migration guide that actually migrates. Two things still missing.
Queue the heavy jobs when the grid is green: the pitch is cost, the effect is carbon, the numbers are real.
It declined our demo booking twice. We are cautiously impressed.
The LP letter admits what every fund knows: the 2021 vintage is underwater, and pretending otherwise costs more than saying so.
Platforms columnist
Infrastructure reporter
Open-source correspondent
