back to article NASA's British cloudy collab provider scores $51m from VCs

Cloudy storage and collaboration service provider Huddle has trousered millions more cash from vulture venture capitalists to spend on biz development on both sides of the Atlantic. The UK-based outfit, started by CEO Alastair Mitchell in 2007, last night took home a $51m Series D round of funding, valuing the business at …

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We've seen how this plays out

Small British startup, VC funded, starts to get some traction, ... <SNAP!!!> US Megacorp decides it's cheaper to buy the customer base and take out a competitor, founders make a packet, VCs trouser a quick but massive profit as planned, UK business base back to square one.

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