Investment
F5 Networks will Buy Volterra Cloud Computing Startup for $500M in Latest Major Acquisition By Todd Bishop
F5 NETWORKS ANNOUNCED AN agreement to acquire cloud computing startup Volterra Inc. for $440 million in cash up front and $60 million in future consideration, taking the Seattle-based application security and delivery company’s total spending on acquisitions to more than $2 billion over the past two years. Volterra, based in Santa Clara, Calif., offers a platform for edge computing across multiple 62
January-February 2021
clouds, in which processing takes place near the locations of sensors and data for reduced latency. The 125-person company, founded in 2017, came out of stealth mode in November 2019. Volterra raised $50 million in funding as an independent startup from investors including Khosla Ventures, Microsoft’s M12 venture arm, Samsung NEXT Ventures and ITOCHU Technology Ventures. It’s part of a broader transformation of F5 Networks DAWN
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