Disco Receives $40m Debt Financing, Austinbased 60m 40m 235m 785m

Austinbased 60m 40m 235m 785m: The Disco Group received $40 million in debt financing to pursue its merger with a Chinese company. This lends the company $70 million in total, which it is planning to spend on ramping up manufacturing of its products and hiring engineering talent. The company remains committed to working with factory workers in China as well as its Austin based engineers, who are leading development of new products for the consumer and commercial markets.

The company is also planning to expand its operations in the United States, including adding a manufacturing facility. The new factory will support production of the company’s flagship product, Disco, an Apple-esque personal computer at a competitive price point. In addition to supporting hardware production, this factory will produce hardware accessories such as chargers and carrying cases made from recycled plastic bottles.

Disco was founded in 2010 by a team of computer scientists who wanted to create products that would enable individuals with no technical knowledge to use computers. The company’s first product, Disco, is a personal computer that is designed to be easy to use. Disco has a unique design that makes it simple for users to connect their computers in order to share content or collaborate on projects with colleagues.

In addition to creating hardware products for the consumer market, the company makes software tools for enterprises. This software powers several of their customers’ solutions including workflows that automate the process of enabling and securing mobile workers on a corporate network.

The company’s products can be found in homes and at workstations of businesses around the world, ranging from large corporations to small startups. Its products are used by thousands of individuals in over 30 countries.

Disco was named a Technology Pioneer by the World Economic Forum in 2015. The company received $24 million in Series A funding from its Series A round in 2010 from investors such as Greylock, Andreessen Horowitz, and Tenaya Capital. The company received an additional $10 million in Series B funding from these same investors as well as Kleiner Perkins Caufield & Byers and others.

The company has raised over $100 million to date.

“Fast Company” recognized Disco as one of the Top 10 Most Innovative Companies at CES 2011.

In January 2014, Disco’s CEO announced that the company had raised $69 million in funding, bringing its total VC funding to over $100 million and valuing the company at $250 million. This led to Disco being designated a 2015 Technology Pioneer by the World Economic Forum.