One signal

Namespace, a cloud services and infrastructure provider for developers, has raised $42 million in a Series B led by Scale Venture Partners, Axios reports.

Why it matters

Chief executive Hugo Santos told Axios that the company has more than 1,000 customers. That gives the funding announcement a useful measure of the business behind the cloud pitch, though the report does not detail how Namespace plans to spend the money.

Discuss: For developer infrastructure firms, what matters more when judging momentum: a large funding round or evidence that customers keep using the service?

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