Todays announcement is a very significant one - to get additional funding to this scale means that they have come across additional expenses (production in my opinion - I dont see any other dept. needing so much funds - could be a large deal coming through from 1 - 3 clients or many small deals coming through) and the funding company surely has insight or they know of the sales pipeline.
The reason I say about the funding is significant is because of my own personal experience in the tech space - have been part of a few small scale start ups. and have been through the sales/acquisition processes. The investing company always go through existing sales plus the future sales pipeline and to get a funding of this sort surely promises something for the future which we investors currently have no clue but will know surely in due course.
Again DYOR
Todays announcement is a very significant one - to get...
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