Los Angeles-based Pipe Technologies, Inc. announced Wednesday it has raised $60 million in equity and asset financing as an extension to the $6 million seed round it closed in February.
Launched last September, Pipe enables software as a service (SaaS) companies with recurring revenues to tap into their deferred cash flows by getting a cash advance against the full annual value of software subscriptions. Trading limits on the platform range from $10,000 to several million dollars per month, depending on the size of companies.
- Pipe Taps $60 Million Seed Extension - dot.LA ›
- Pipe Gets $6 Million to Launch SaaS Financing Platform - dot.LA ›
'Everything That Flies Will be 3D Printed in 20 Years': Relativity's CEO On How Private Biz is Changing the Space Race
Relativity Space co-founder Tim Ellis said Thursday that he expects that 20,000 satellites will launch in the next five years, representing a $25 billion market for the 3D rocket printer to compete in.
The company, which recently announced it is moving into a new headquarters complex in Long Beach, is currently building its first rocket, which is expected to launch next year. His goal is to make the company a strong competitor in the $350 billion space economy against bigger rivals like Space X and Jeff Bezos' Blue Origin.
- Rocket Lab Launches Secret Payload From New Zealand - dot.LA ›
- NASA Starts Recruiting the Next Wave of Astronauts - dot.LA ›
- Relativity Space CEO Tim Ellis Speaks with Spencer Rascoff - dot.LA ›
- Relativity Space CEO Tim Ellis On 3-D Printing Rockets - dot.LA ›
- Relativity Space Will Have a Launch Site in California - dot.LA ›
- ABL Space System Raises $49M, First Mission Set for 2021 - dot.LA ›
- Relativity Space Co-Founder Jordan Noone Steps Down, Hints at 'Next Venture' - dot.LA ›
- ‘I Do Believe in Global Warming’: NASA Deputy Hopes to Build an Economy on the Moon and Mars - dot.LA ›