Terragon, a leading data analytics company specializing in cloud-based solutions, has secured $9 million in a Series B funding round.
The funding round was led by Orange Ventures, with participation from TLcom Capital, LoftyInc, Sango Capital, VestedWorld, and Western Technology Investment (WTI).
The strong backing from these influential investors is a testament to the confidence in Terragon’s capabilities and the potential for significant growth in the cloud analytics sector.
Founded in 2009, Terragon is on a mission to revolutionize data analytics by harnessing the power of the cloud.
Over the years, the company has developed innovative solutions that help businesses extract meaningful insights from vast amounts of data, driving smarter decision-making and enhancing operational efficiency.
With the fresh infusion of capital from the Series B funding, Terragon plans to accelerate its growth and expand its reach into new markets.
The company will focus on scaling its cloud analytics platform, enhancing its data processing capabilities, and furthering its commitment to research and development.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Scalar International and Mergence Investment Managers have launched a new $150 million private equity fund to support clean energy and digital infrastructure projects in the region.
South African payments company Stitch has raised $55 million in its latest Series B funding round, pushing its total funding to $107 million.
Development Partners International (DPI), a major private equity investor, has raiseda new venture capital platform aimed at supporting technology startups across Africa.
© 2021 Empower Africa. All rights reserved.