PE, VC majors boost SonarSource to $4.7bn valuation | AltAssets Private Equity News
Summary
It says the new funding would be used to double its sales force this year and grow its marketing team across existing offices in Switzerland, France, Germany and Texas. Bryan Taylor, head of Advent’s technology investment team, said, “SonarSource is an outstanding business that has positioned itself as a category-defining leader in clean code, with a trusted reputation among developers and a truly differentiated solution. Deep Nishar, managing director at General Catalyst, said, “SonarSource has a bold vision for transforming the way organizations build software. It comes as no surprise: enterprises everywhere need to develop code with high standards quickly, and SonarSource is the only solution enabling that.” All the firms in the deal had been fundraising in recent months. Advent International soared past its initial target to close its second tech fundraise on $4bn in December just six months in the market.
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