Vultr announces $150 million funding
Constant, the creator of the Vultr cloud computing and bare metal platform, has announced a $150 million credit facility from J.P. Morgan and Bank of America. This includes a $25 million uncommitted expansion option to accommodate future growth, and Constant will use the additional capital to expand its global footprint of automated cloud infrastructure to serve its rapidly-growing customer base. Constant claims it has become one of the largest cloud computing platforms in the world without ever raising equity financing. The Vultr platform was launched in 2014 and was built by developers for developers. More than 40 million cloud servers have been launched on the Vultr platform across nearly every country in the world.
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