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[Funding alert] Webscale raises $26M in Series C round The Series C round was led by BGV, STCAP Ventures and Mohr Davidow Ventures, with participation from Grotech Ventures. 0 claps $26 million (about Rs 189 crore) in growth capital financing from investors and Silicon Valley Bank. BGV, Grotech Ventures, a statement said. The company has raised $53.6 million in funding till date. Webscale claims to have clocked 108 percent growth in 2020, and powered thousands of storefronts. This growth is expected to continue as merchants demand more flexibility, scale, and security, coupled with fast, simple deployments, for seamless user experiences, it added. Webscale is designed around the needs of customers, delivering the best of cloud computing, commerce technologies and scalable automated infrastructure, ....
Webscale Raises $26 Million in Growth Financing to Accelerate Ecommerce Innovator in cloud infrastructure delivers enterprise-grade security and flexibility amid pandemic consumer shifts and rise of headless architectures SANTA CLARA, Calif., March 04, 2021 (GLOBE NEWSWIRE) Webscale, the Safest Cloud for Ecommerce, today announced the closing of $26 million in growth capital financing from investors and Silicon Valley Bank. The Series C round was led by BGV, STCAP Ventures and Mohr Davidow Ventures, with participation from Grotech Ventures. This investment in Webscale’s comprehensive ecommerce platform is more pertinent than ever. Amid COVID-19 restrictions and life-altering consumer habits, Webscale grew 108% in 2020, powering thousands of storefronts, particularly those leveraging newer trends with headless and progressive web app (PWA) architectures. This growth is expected to continue as merchants demand more flexibility, scale and security, coupled with fas ....