18-01-2017 01:29 via feedproxy.google.com

HP Enterprise just bought a $1 billion startup for $650 million (HPE)

HP Enterprise has bought SimpliVity, a Massachussetts-based storage startup, for $650 million in cash.
At the time of SimpliVity's last fundraising, in March 2015, the company had declared that it was valued at "more than $1 billion." All in all, SimpliVity had raised $276 million from investors like Kleiner Perkins, Accel, and Waypoint Capital.That discounted purchase price is not an encouraging sign for the viability of "unicorn" startups of $1 billion or more. In 2017, companies like&nbs
Read more »