Gimlet Labs raises $300m Series B at $3bn valuation
Andreessen Horowitz led financing to scale multi-silicon cloud capacity, data-center infrastructure and engineering.
Gimlet Labs raised $300 million in Series B financing at a $3 billion valuation, led by Andreessen Horowitz. Participants included Menlo Ventures, Eclipse, Sapphire Ventures, 645 Ventures, Arm, Prosperity7, Emergence Capital, M12 and Samsung Ventures, among other investors.
The company will scale multi-silicon cloud capacity, secure high-density data-center infrastructure, expand deployments and grow engineering, operations and hardware teams. The financing follows its $80 million Series A announcement in March.
Use of funds
Scale multi-silicon cloud capacity
Secure high-density data center pipelines
Expand cloud deployments
Grow engineering, operations and hardware teams