Terracotta has completed at least two rounds of post-seed funding from a consortium including investment bank Goldman Sachs, which has used the portfolio company's products on its trading room floors, and Presidio, the corporate venturing unit of Japan-based conglomerate Sumitomo and its subsidiaries, including Sumisho Computer Systems.
Software, a Germany-listed computer group, has agreed to buy US peer Terracotta from its corporate venturing backers.
Terracotta has completed at least two rounds of post-seed funding from a consortium including investment bank Goldman Sachs, which has used the portfolio company’s products on its trading room floors, and Presidio, the corporate venturing unit of Japan-based conglomerate Sumitomo and its subsidiaries, including Sumisho Computer Systems.
Terracotta was originally backed by venture capital firms Benchmark Capital and Accel Partners.
Terracotta’s…
