News Article
Welcome to the golden age of enterprise IT- and get used to it: It’ll be here a while
March 30, 2013
In case you didn’t notice, it’s the golden age of enterprise startups. And some investors believe it will continue for another seven years or more. No one is completely sure what will come after that, but it’s worth reflecting on what brought us here and what the dynamics are of this enterprise golden age.
The pattern has become clear with recent funding deals for application-performance management (APM) provider New Relic ($80 million), APM player AppDynamics ($50 million) and data-copy reducer Actifio ($50 million), to name a few. Last year, VCs made 164 investments in big data startups (more than ever before), passing out $1.39 billion in total.