What is Avatara?
Founded in 2005 and headquartered in St. Louis, MO, Avatara operates as a premier national cloud computing IT platform provider. The company caters to a diverse range of industries that prioritize secure, productive, and mobile IT environments. Key sectors benefiting from Avatara's services include engineering/architecture, healthcare, manufacturing, banking, aerospace, distribution, and legal. Avatara's core offering, CompleteCloud, is positioned as the most secure IT platform available, delivered through a cost-effective, monthly per-user subscription model. This approach allows clients to upgrade their technology, enhance capabilities, and improve their competitive standing without upfront capital expenditure, a strategy that has clearly resonated with its customer base.
How much funding has Avatara raised?
Avatara has raised a total of $10M across 1 funding round:
Private Equity
$10M
Private Equity (2019): $10M, investors not publicly disclosed
What's next for Avatara?
The recent major strategic investment in Avatara signals a pivotal moment for the company, likely enabling accelerated expansion of its service offerings and market reach. With a foundation built on providing secure, affordable cloud solutions, Avatara is well-positioned to capitalize on the increasing demand for robust IT infrastructure across various industries. Future growth may involve further development of its CompleteCloud platform, strategic partnerships to broaden its client base, and potential geographic expansion. The company's commitment to a no-capital-cost model for its clients suggests a focus on recurring revenue and long-term customer relationships, a strategy that typically appeals to investors seeking stable, scalable returns.
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