[caturopath]

Having some department at e.g. Volvo using your product doesn't mean that you have Volvo as a serious customer paying you like they would as a serious customer.

I take your point that this is a really late round of funding, but this doesn't mean they've caught on like they want to yet.

[whalesalad]

I agree that what you've described is likely the true situation. It just looks funny to see a company claim to be worth $2 billion dollars and namedrop big brands and yet require a 6th cash injection. There is an incongruence there.

[latenightcoding]

But that's how most big tech companies have been operating for the last 10-15(?) years.

How do you think public companies that have never made a $ got there.

[dalbasal]

True. Private funding rounds this big just weren't available, so these were IPOs instead of round FS.

[dvirsky]

Redis Labs are more or less doing the same.