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Blackstone Growth Invests In Cloudinary, Values Media Experience Cloud Leader At $2B

Feb 15, 2022•over 3 years ago
Santa Clara

Description

Cloudinary, the media experience cloud company that powers many of the world’s top brands, today announced a secondary investment from funds managed by Blackstone Growth (BXG). The transaction represents an investment of more than $100 million and values Cloudinary at $2 billion USD.

Company Information

Company

Cloudinary

Location

Santa Clara, California, United States

About

Cloudinary’s mission is to empower companies to deliver visual experiences that inspire and connect by unleashing the full potential of their media. With 60 billion assets under management and nearly 10,000 customers worldwide, Cloudinary is the industry standard for developers, creators and marketers looking to manage, transform, and deliver images and videos online. As a result, leading brands like Atlassian, Bleacher Report, Bombas, Grubhub, Hinge, NBC, Mediavine, Minted, Peloton and Petco are seeing significant business value in using Cloudinary, including faster time to market, higher user satisfaction and increased engagement and conversions. For more information, visit www.cloudinary.com.