Dropbox has been acquiring companies to help it develop the services with the aim of it can offer to consumers and enterprises outside cloud luggage compartment. But the company — which has raised $1.1 billion and is between the bigger tech startups tipped in support of an IPO – is in addition making strategic acquisitions to help keep its own residence in the sphere of order.
We give found barred with the aim of Dropbox has quietly acquired a company called Parastructure, a startup still in the sphere of stealth with the aim of builds data-analysis software on top of initiate source infrastructure.
TechCrunch has set with a trustworthy source with the aim of the acquisition was in the sphere of the “lower eight statistics,” which may well survive no matter which from $10 million up to $50 million.
Neither company would confirm the deal to TechCrunch.
“Thanks in support of inspection – we don’t give a few interpretation however!” a representative told me. Parastructure did not respond, and the startup took its location offline shortly past I on track contacting the two co-founders, Salik Syed and Ryan Noon, asking questions.
A trustworthy source close to the company, however, set with the aim of the acquisition is a “done deal” and in addition set the broad-spectrum range of the charge.
So what did you say? Exactly is Parastructure? According to the company’s LinkedIn profile, and its (now-offline) land of your birth bleep, it builds “beautiful data analysis software powered by cutting-edge initiate source infrastructure.” Parastructure’s GitHub pages assign particular clues while to what did you say? With the aim of data-analysis software was tackling, with areas cover generate in support of cluster computing; Phoenix, a SQL skin in excess of HBase; CrunchBase; and so on.
“They had extraordinary organization prospects going away send on,” our source says. “They found a product-market fit and customers and were solving relational folder problems rebuff single to boot is tackling.”
Although Dropbox is making extra moves to target the venture marketplace, it seems with the aim of while Parastructure is an venture service, Dropbox is not intending to deploy it internally, and not while a artifact — not at the outset by the side of smallest amount.
This may well survive single argue why Dropbox is keeping still: It simply shows the company’s employee too much. “Why recognize would-be competitors just about what did you say? You are liability?” our source points barred.
As soon as you consider with the aim of the company has at present approved 275 million users, is at present running both venture and consumer content and a host of services with the aim of move Dropbox outside being a luggage compartment bringer, and is looking to climb over up even extra, it’s rebuff daze with the aim of it’s beefing up its infrastructure with extra folder firepower in support of earlier and extra trustworthy performance.
Parastructure, based in the sphere of San Francisco, has been around since 2012 with the co-founders both alums of Stanford.
The company didn’t kind its file of backers very freely available. On LinkedIn it comments it is “venture funded and backed by several notable seraph investors.” A look on AngelList shows with the aim of folks investors include Amr Awadallah, the co-founder and CTO of Cloudera; other secret language heart to Accel in addition having been an investor in the sphere of the company.
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