Israel-Based AllCloud Acquires U.S.-Based Cloud Services Company Figur8
The acquisition is part of AllCloud’s strategy to enter into the North American market. AllCloud also announced it has raised $7 in a convertible loan agreement
Raphael Kahan | 11:47 24.07.2018
Israel-based company AllCloud Platforms Ltd. has acquired San Francisco-based company Figur8 Cloud Solutions, the companies announced Tuesday. AllCloud paid about $10 million, newly appointed CEO Eran Gil said in a phone interview with Calcalist on Thursday.
For daily updates, subscribe to our newsletter by clicking here.AllCloud also announced it has raised $7 million from Discount Capital Ltd., the investment arm of Israel Discount Bank Ltd., U.S.-based Hallett Capital LLC and existing investors Jesselson Capital Corporation and the Weil Family. The funding, which brings the company’s total funding raised to over $15 million, was raised in a convertible loan agreement, Gil said.
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