D2iQ, formerly known as Mesosphere, was founded in 2013 by Benjamin Hindman, Florian Leibert, and Tobi Knaup. When asked about a potential IPO, CEO Knaup said that while he does not have a specific exit plan, he does have a growth strategy, "because my view is that if you build a fast-growing business, all the options are on the table." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
D2iQ is a software company whose platform helps enterprises leverage the Kubernetes open-source container engine. In addition, D2iQ helps DevOps teams manage their "Day 2" operations immediately following the deployment of a new application. The company has made two acquisitions and raised $247 million in venture capital funding from investors including Koch Disruptive Technologies, T.Rowe Price, Hewlett Packard, Khosla Ventures, and Andreessen Horowitz. A 2018 Series D round raised $125 million and increased the company's valuation to $775 million.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/04/2018 | Series D | $131.25MM | $xx.xx | $751.62MM | T. Rowe Price, Koch Industries, Zhongwei Capital, Qatar Investment Authority, Disruptive Technology Advisers, Andreessen Horowitz, Two Sigma Ventures, Khosla Ventures, Hewlett Packard Pathfinder, SV Angel, FUEL Capital, Triangle Peak Partners | |
Price per Share
$xx.xx
Shares Outstanding
11,873,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
T. Rowe Price, Koch Industries, Zhongwei Capital, Qatar Investment Authority, Disruptive Technology Advisers, Andreessen Horowitz, Two Sigma Ventures, Khosla Ventures, Hewlett Packard Pathfinder, SV Angel, FUEL Capital, Triangle Peak Partners
|
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03/24/2016 | Series C | $75.65MM | $xx.xx | $467.87MM | Hewlett Packard Pathfinder, Microsoft, A Capital, Andreessen Horowitz, A.Capital Ventures, Fuel Capital, Khosla Ventures, Intel Corporation, Triangle Peak Partners | |
Price per Share
$xx.xx
Shares Outstanding
7,260,704
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Hewlett Packard Pathfinder, Microsoft, A Capital, Andreessen Horowitz, A.Capital Ventures, Fuel Capital, Khosla Ventures, Intel Corporation, Triangle Peak Partners
|
||||||
12/08/2014 | Series B | $36.14MM | $xx.xx | $184.5MM | Khosla Ventures, Andreessen Horowitz, Center Electric, Fuel Capital, Center Electric, SV Angel | |
Price per Share
$xx.xx
Shares Outstanding
6,989,910
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Khosla Ventures, Andreessen Horowitz, Center Electric, Fuel Capital, Center Electric, SV Angel
|
||||||
06/09/2014 | Series A | $10.53MM | $xx.xx | $50.65MM | Andreessen Horowitz, SV Angel, Foundation Capital, Data Collective, Fuel Capital | |
Price per Share
$xx.xx
Shares Outstanding
5,568,479
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, SV Angel, Foundation Capital, Data Collective, Fuel Capital
|
||||||
02/20/2014 | Series A-1 | $2.35MM | $xx.xx | $13.5MM | Andreessen Horowitz, Data Collective, Fuel Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,037,653
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, Data Collective, Fuel Capital
|