Dropbox has been acquiring companies to help it inflate the services with the purpose of it can offer to consumers and enterprises past cloud cargo space. But the company — which has raised $1.1 billion and is along with the superior tech startups tipped on behalf of an IPO – is and making strategic acquisitions to help keep its own manor taking part in order.
We carry out found prevented with the purpose of Dropbox has quietly acquired a company called Parastructure, a startup still taking part in stealth with the purpose of builds data-analysis software on top of undo source infrastructure.
TechCrunch has incorrigible with a unfailing source with the purpose of the acquisition was taking part in the “lower eight statistics,” which might come to pass something from $10 million up to $50 million.
Neither company would confirm the deal to TechCrunch.
“Thanks on behalf of inspection – we don’t carry out one explanation however!” a talking head told me. Parastructure did not respond, and the startup took its put offline shortly following I happening contacting the two co-founders, Salik Syed and Ryan Noon, asking questions.
A unfailing source close to the company, however, incorrigible with the purpose of the acquisition is a “done deal” and and incorrigible the universal range of the rate.
So what did you say? Exactly is Parastructure? According to the company’s LinkedIn profile, and its (now-offline) back home piece of paper, it builds “beautiful data analysis software powered by cutting-edge undo source infrastructure.” Parastructure’s GitHub pages dedicate a number of clues like to what did you say? With the purpose of data-analysis software was tackling, with areas top ignite on behalf of cluster computing; Phoenix, a SQL skin finished HBase; CrunchBase; and so on.
“They had unparalleled dealing prospects disappearing onward,” our source says. “They found a product-market fit and customers and were solving relational folder problems veto solitary in addition is tackling.”
Although Dropbox is making further moves to target the activity bazaar, it seems with the purpose of while Parastructure is an activity service, Dropbox is not intending to deploy it internally, and not like a result — not originally next to slightest.
This may perhaps come to pass solitary intention why Dropbox is keeping calm: It simply shows the company’s give too much. “Why let the cat out of the bag impending competitors nearly what did you say? You are burden?” our source points prevented.
What time you consider with the purpose of the company has without hesitation approved 275 million users, is without hesitation supervision both activity and consumer content and a host of services with the purpose of move Dropbox past being a cargo space supplier, and is looking to magnitude up even further, it’s veto disbelief with the purpose of it’s beefing up its infrastructure with further folder firepower on behalf of sooner and further unfailing performance.
Parastructure, based taking part in San Francisco, has been around since 2012 with the co-founders both alums of Stanford.
The company didn’t yield its lean of backers very broadcast. On LinkedIn it observations it is “venture funded and backed by several notable cherub investors.” A look on AngelList shows with the purpose of individuals investors include Amr Awadallah, the co-founder and CTO of Cloudera; other secret language argument to Accel and having been an investor taking part in the company.
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