Tech Company Financing Transactions

Paperspace Funding Round

On 10/17/2018, Paperspace raised $13 million in Series A funding from Battery Ventures, Intel Capital and SineWave Ventures.

Transaction Overview

Company Name
Announced On
10/17/2018
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Series A
Investors

Battery Ventures (Lead Investor) (Dharmesh Thakker)

Intel Capital (Lead Investor)

SineWave Ventures (Lead Investor)

Sorenson Capital (Lead Investor)

Initialized Capital

Proceeds Purpose
The new capital will be used to accelerate product innovation of Paperspace's AI cloud computing and development solutions.

Company Information

Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
78 South 4th St. 3
Brooklyn, NY 11249
USA
Phone
Undisclosed
Email Address
Overview
Paperspace started with the idea that buying and managing computers is an unnecessarily painful and expensive process. By renting a powerful desktop in the cloud, it is finally possible to get rid of the distraction and focus on what you love to do instead.
Profile
Paperspace LinkedIn Company Profile
Social Media
Paperspace Company Twitter Account
Company News
Paperspace News
Facebook
Paperspace on Facebook
YouTube
Paperspace on YouTube

Management Team

Title
Name
Email & Social
Co-Founder
Dillon Erb
  Dillon Erb LinkedIn Profile  Dillon Erb Twitter Account  Dillon Erb News  Dillon Erb on Facebook
Co-Founder
Daniel Kobran
  Daniel Kobran LinkedIn Profile  Daniel Kobran Twitter Account  Daniel Kobran News  Daniel Kobran on Facebook


 

 

Browse more venture capital transactions:

Prev: 10/17/2018: Velicept Therapeutics venture capital transaction
Next: 10/17/2018: ConveyIQ venture capital transaction

 

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We report on every notable VC transaction. All VC database entries reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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