- Mesosphere, a San Franciso cloud-infrastructure startup that once famously turned down an acquisition from Microsoft, is now on a $50 million annualized run rate.
- CEO Florian Leibert says Mesosphere is on track to be a self-sustaining company, but won’t rule out future options including more fundraising or an IPO.
- While Mesosphere is often portrayed as a key player in “containers,” a trendy Silicon Valley technology, Leibert disputes the characterization.
In October 2015, San Francisco-based data center software startup Mesosphere made headlines when it was reported that the company had turned down a $150 million acquisition offer from Microsoft.
Two years later, Mesosphere is around and kicking — something that still surprises Silicon Valley, Mesosphere CMO Peter Guagenti tells Business Insider. Guagenti says he regularly hears “nonsense” about Mesosphere being defunct, or otherwise doomed.
Today, Mesosphere exclusively reveals to Business Insider that it’s on a $50 million annualized run rate, a measure of how much revenue the company will generate in the next 12 months if its numbers hold steady. And while Mesosphere doesn’t have to disclose specific numbers as a private company, it says revenue is tripling every year.
And while Mesosphere still isn’t profitable, the company says it’s heading in the direction of breaking even. With everything moving the right direction, Mesosphere CEO Florian Leibert tells us the company has lots of options.
In its four-year lifespan, Mesosphere has raised over $122 million in venture capital, from investors including Andreessen Horowitz, Hewlett Packard Enterprise, Khosla Ventures, and even Microsoft itself. There’s enough of that cash left in the bank that Mesosphere doesn’t currently need more investment, though Leibert says that could change.
And when it comes to acquisitions, Leibert won’t rule anything out, but says Mesosphere has a future as an independent company, even through a potential (but not currently planned) IPO.