Tiny acquires Oso Cloud assets for $1.9M, lifts ARR to $75M

Victoria-based holding company Tiny has acquired the assets of cloud infrastructure startup Oso Cloud for $1.9 million. The deal brings Tiny’s annual recurring revenue (ARR) to $75 million, according to BetaKit.

Oso Cloud, which focused on authorization tools for developers, had previously raised venture funding. The acquisition price suggests the company may not have reached its growth targets, though Tiny has not explained its plans for the assets or whether Oso Cloud’s team will join the acquirer.

Tiny, which buys and operates software businesses, has a portfolio of companies in the SaaS and developer tools sectors. The firm often looks for businesses that are profitable or close to it, sometimes at prices below what venture-backed startups might command. This deal fits that pattern, though the $1.9 million price is lower than some recent cloud infrastructure acquisitions.

The purchase comes as funding for cloud infrastructure startups has slowed, with some companies seeking buyers or ways to extend their runways. Verda’s $189 million Series B in October, which we covered, was an exception in a quieter market. Tiny’s acquisition could be a sign of interest in Oso Cloud’s technology or customers, but the holding company has not shared details on how it will use the assets.

For founders and investors, the deal shows how holding companies are stepping in to consolidate parts of the software market, especially for startups that don’t reach venture-scale growth. It’s unclear whether Tiny will revive Oso Cloud’s product or fold its assets into another company.

Sources: betakit.com