Article: Cloud Startups Ride Wave of Pandemic-Fueled Investments
Cloud-computing startups have landed new investments and customer accounts during the coronavirus pandemic as many companies have accelerated cloud-related projects to keep ahead of the competition.
From WSJ:
"Cloud-computing startups have landed new investments and customer accounts during the coronavirus pandemic as many companies have accelerated cloud-related projects to keep ahead of the competition.
Startups focused on application security, computer networking and storage, and enterprise databases are among those that have benefited.
Cloud-computing funding deals world-wide reached a three-year high of 97 during the second quarter, up from 76 during the same period in 2019, according to market intelligence firm CB Insights. Investors poured almost $3 billion into those startup deals between April and June."