Aviatrix Triples Valuation in Seven Months to $2 Billion

The latest unicorn startup is Aviatrix Systems Inc., a cloud networking provider now valued at $2 billion. The company raised $200 million in the deal, which highlights investors’ enthusiasm for technology that smooths big companies’ transition to the cloud.

TCV, a technology investment firm, led the financing, with participation from other new backers including Insight Partners and Tiger Global. It comes just seven months after a round that valued the company at $700 million.

The steep rise in valuation underscores how eager businesses are to move digital information out of their own servers and into the cloud’s distributed data centers. Many companies work with several cloud providers, multiplying both the complexity of the work and the opportunities for services that help them manage the change.

It’s a good time to be a cloud startup. Snowflake Inc., a data warehouse company, went public about a year ago at a valuation of $33 billion, just months after a funding round valuing it at $12.4 billion. The valuation of data analysis company Databricks Inc. jumped to $38 billion last month, from $28 billion in February.