Koch Venture Arm Leads $125 Million Investment in Cloud Startup
- Funding round is said to value Mesosphere at $725 million
- Koch companies plan to use Mesosphere tech to manage data
Photographer: Balint Porneczi/Bloomberg
This article is for subscribers only.
The venture capital arm of Koch Industries Inc. led a $125 million investment alongside T. Rowe Price Group Inc. in Mesosphere Inc., a cloud computing startup.
The deal values the San Francisco-based startup at $725 million, said people familiar with the matter, who asked not to be identified because the terms are private. It brings the company’s total funding to $251 million.