Last week I highlighted two startups branding on .IO domains raising their A round, and today it has happened again as Iguaz announced a $15M Series A. Given that the typical Series A round is around $6M this is also a very healthy A round led by Magma Venture Partners.
So what does Iguaz.io do? They are in the business of data management and storage solutions for Big Data, a fast-growing area that doesn’t seem to be slowing down anytime soon. Founded just last year the company has quickly gained adoption quickly in the Enterprise space:
“Enterprise customers have been sharing their pain points and challenges with us as they try to adopt Big Data and predictive analytics in their business,” said Asaf Somekh, co-founder and CEO of iguaz.io. “We designed our solution from the ground up to address these challenges and allow our customers to focus on their applications and business.” (Source – PRNewswire)
Rewind a few years ago and .IO was rarely in the news and used by only a handful of startups, now it seems that not a week goes by without reading about .IO. The team over at Park.io has also shared some very interesting data about the growth of .IO showing how quickly this extension has emerged from relative obscurity.
Huge congrats to the whole Iguaz team, Christmas definitely came early for them this year!