Mutual Fund Giants Make DevOps Startup PagerDuty a Unicorn
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Mutual fund giants T. Rowe Price Group Inc. and Wellington Management led a $90 million investment in PagerDuty Inc., making the rapid-response software startup a unicorn with a private valuation of more than $1 billion.
Existing investors Accel Partners, Andreessen Horowitz and Bessemer Venture Partners also participated in the round, San Francisco-based PagerDuty said on Thursday. The financing values the startup at $1.3 billion.