Maxta Finally Acquired by Huayun Data International From China

A few weeks ago, we visited the HQ of Maxta Inc. in Santa Clara, CA following the news of its inability to raise a new round of money to sustain its development.

Therefore this failure has marked the beginning of the shutdown of the company.

The company, founded in 2009 by Yoram Novick, has raised only $35 million in two rounds: $10 million in 2013 with Andreessen Horowitz and $25 million in 2014 still with Andreessen Horowitz plus Tenaya Capital and Intel Capital. Even if you’re frugal with investment, raising only $35 million in 10 years of existence is strange at least.

Now the second step, we discover that all assets of Maxta were acquired on March 1 by the Chinese company Huayun Data International Ltd. based in Wuxi City, close to Shanghai and established in 2010.

Since 2016, it has been rated as a Chinese unicorn enterprise for three consecutive years; in May 2018, it entered the Top 20 List of China Big Data Unicorn Enterprises, and, in July 2018, it was awarded 2018 China Top 100 Internet Enterprises. In November 2018, the consulting organization released Analysis of the Competitiveness of Brands in the Private Cloud Market in 2018. Huayun Data jumped into the leader quadrant and became the top 3 private cloud manufacturers in China.

According to a very short statement, the company said: “Huayun Data will exclusively own Maxta’s global asset ownership including product technology, patent soft, brand, and market. Huayun Data will continue to invest and integrate Maxta’s leading technology to continue to innovate.”

The leadership page on Maxta web site disappeared and Yoram Novick LinkedIn page still mentions CEO and founder of Maxta, up to now.

Read also:
Maxta Closing Doors?
To check, we visit them.
by Philippe Nicolas | February 5, 2019 | News