Blackstone‘s growth arm has helped online visual media business Cloudinary to a $2bn valuation through a new investment round.
The deal comes just a couple of months after Cloudinary reached $100m in annual recurring revenue.
Blackstone has invested more than $100m in the business, and committed to supporting the company’s future business expansion, including M&A.
The move, which was reported by Bloomberg, came just a few months after the firm pulled in $4.5bn to close its debut fund in the strategy – the largest first-time growth equity private fundraise in history.
Read more: AltAssets
