Vultr Raises $333M at $3.5B Valuation
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Re: Vultr Raises $333M at $3.5B Valuation
#2[deleted]
Re: Vultr Raises $333M at $3.5B Valuation
#3"Cloud AI Startup Vultr"
We really have let this go too far when a mid tier VPS provider is now a "cloud AI startup".
Re: Vultr Raises $333M at $3.5B Valuation
#4When DigitalOcean got it's a16z money: https://x.com/Vultr/status/489139385154420736
Re: Vultr Raises $333M at $3.5B Valuation
#5When DigitalOcean got it's a16z money: https://x.com/Vultr/status/489139385154420736
That aged well :P
Re: Vultr Raises $333M at $3.5B Valuation
#6"Cloud AI Startup Vultr" We really have let this go too far when a mid tier VPS provider is now a "cloud AI startup".
The forgot to add "powered by block chain"
Re: Vultr Raises $333M at $3.5B Valuation
#7When DigitalOcean got it's a16z money: https://x.com/Vultr/status/489139385154420736
Right up there with New Relic writing a blog post about how you couldn't trust Sumo Logic (and should move to NR) after they got bought by Francisco Partners, only to be bought by Francisco Partners themselves.
Re: Vultr Raises $333M at $3.5B Valuation
#8"Cloud AI Startup Vultr" We really have let this go too far when a mid tier VPS provider is now a "cloud AI startup".
Founded in 2014. Sigh.
Re: Vultr Raises $333M at $3.5B Valuation
#9"Cloud AI Startup Vultr" We really have let this go too far when a mid tier VPS provider is now a "cloud AI startup".
They're not even a startup, the company is 10 years old.
The investment does make some sense from AMD perspective though. They need people to be able to access their GPUs, on a rental basis. They can't really throw enough money at AWS, GCP or Azure to make a difference, but Vultr is a trusted VPS provider, where AMD can buy a lot of influence for a realistic amount of money.
I do find it interesting that Vultr has such a low valuation, compared to other companies we've seen recently. It seems more reasonable, but they also have an actual business plan and have physical property. I don't know if they are profitable, because the media only focus on revenue, which is pointless if you don't put it into context.
Re: Vultr Raises $333M at $3.5B Valuation
#10When DigitalOcean got it's a16z money: https://x.com/Vultr/status/489139385154420736
Assuming they did this raise because they need the capital to throw more into their GPU business, this is not really a remarkable quote. One of the first things noted in the article is this is soon to be the largest part of their business. This is their first capital injection too. While its fueled by the growth in AI, the business itself is mundane, they rent GPU access. Growing that requires a lot of capital.