Growth capital facility · AI
Silk secures $45m growth capital facility for cloud data infrastructure
Avenue Capital Group led the financing as Silk expands engineering and enterprise coverage across major cloud platforms.
Engineering and commercial expansion across clouds
Avenue Capital Group led Silk’s $45 million growth capital facility, with Sequoia Capital, S Capital VC, Vintage Investment Partners, Ibex Investors, West Coast Equity Partners and others participating.
The financing will expand engineering work on the data platform and scale go-to-market activity. Silk plans to deepen enterprise coverage across AWS, Microsoft Azure and Google Cloud as customers run more business-critical AI workloads.
Use of funds
Expand engineering investment in the data platform, scale go-to-market efforts and deepen enterprise coverage across AWS, Azure and Google Cloud.
Funding history
Growth capital facility · This round$45M