Colorado Springs unicorn software firm lands record $200 million in venture capital
Summary
Colorado Springs software developer Quantum Metric has landed $200 million in venture capital in a deal that values the company at more than $1 billion, making it the areas first technology "unicorn." The transaction fulfills Quantum Metric founder and CEO Mario Ciabarras goal of building the first local tech unicorn— a startup that has grown to be worth $1 billion. He said the nations financial markets have been "extremely friendly" to startups like Quantum Metric and that the latest investment and an IPO would allow the company to continue growing to meet the demand for its products. "We are excited to double down on our partnership with the Quantum Metric team s they bring their powerful analytic capabilities to customers across the world," said Lonne Jaffe, managing director of Insight Partners. The company moved its headquarters in June from Monument to the Interquest business park to accommodate its growing staff, but the pandemic has nearly all Quantum Metrics employees working remotely.
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