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Gelato, a global software company that provides a cloud-based platform for printing, recently announced that it has raised $240 million in a funding round led by venture capital firm Partners Group. The funding round also saw participation from existing investors, including Insight Partners and Silver Lake Waterman.

With this latest funding round, Gelato has reached a valuation of $1 billion, cementing its position as one of the leading players in the cloud-based printing space. The company plans to use the funds to expand its product offerings and accelerate its global growth.

Founded in 2007, Gelato is based in Oslo, Norway, and has offices in New York, London, and Tokyo. The company’s platform allows users to manage their printing needs through a single, cloud-based interface. Gelato’s software helps businesses of all sizes print and distribute marketing materials, business cards, brochures, and other printed materials more efficiently and cost-effectively.

According to Henrik Müller-Hansen, Gelato’s CEO and co-founder, the company’s software is designed to simplify the complex process of printing and distribution, making it easier for businesses to reach their customers. “We want to make it as easy to print something in Tokyo as it is in Oslo or New York,” he said.

Gelato’s platform is designed to be scalable and customizable, allowing businesses to tailor their printing needs to their specific requirements. The company’s cloud-based approach also makes it easy to manage multiple print jobs across different geographies and time zones. net worth

One of Gelato’s key selling points is its sustainability credentials. By optimizing the printing process, Gelato helps businesses reduce their carbon footprint and minimize waste. The company’s software also provides real-time data on print usage and costs, allowing businesses to monitor and manage their printing needs more effectively indian news.

The demand for cloud-based printing solutions has grown significantly in recent years, as businesses seek to streamline their printing operations and reduce costs. According to a report by MarketsandMarkets, the global cloud printing market is expected to grow from $3.6 billion in 2020 to $6.8 billion by 2025, a CAGR of 13.6%.

Gelato has been able to capitalize on this trend by offering a high-quality, customizable, and eco-friendly platform that meets the needs of businesses across a wide range of industries. The company has worked with a number of high-profile clients, including Airbnb, Deliveroo, and Asana, to help them streamline their printing operations and reduce their costs.

The latest funding round is expected to help Gelato build on this success by expanding its product offerings and entering new markets. The company has already established a strong presence in Europe and North America and plans to use the funds to expand into new regions, including Asia and Latin America.

Gelato’s CEO, Henrik Müller-Hansen, said that the company is excited to build on its success and help more businesses around the world achieve their printing goals. “We’re proud to have built a platform that enables businesses to manage their printing needs in a more sustainable and efficient way,” he said. “With this new funding, we can continue to innovate and grow our business, while staying true to our values of sustainability and customer-centricity.”

Overall, Gelato’s latest funding round is a significant milestone for the company, as it cements its position as a leading player in the cloud-based printing space. With the global cloud printing market set to continue growing, Gelato is well-positioned to capitalize on this trend and become an even more significant player in the years to come.

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