Next Big Technologies, the technology company that was acquired by Amazon in 2014, says it plans to open up a new office in Silicon Valley next year, which will house its new headquarters in San Francisco.
The company announced the news during its earnings call Tuesday.
The new office will feature a “cloud-like cloud infrastructure that will enable new kinds of enterprise business and innovation,” Next Big’s CEO James Martin told analysts.
“We have a vision for the future and we’re building it now.”
Amazon acquired Next Big in 2015 for $775 million.
Since then, the company has grown rapidly, and it’s now valued at more than $3.6 billion.
“The Next Big Vision is that we can do more with less,” Martin said during the call.
“So that’s where we’re going to be headed, moving forward.
We’re going all the way to a cloud-like infrastructure that we’re calling Next Big.”
The company also said that it is looking for a new CEO.
“It’s time for a fresh start,” Next Business’ co-founder Chris Rupp said.
“There’s no one on the planet that has the power, or the ambition, or even the vision to do that.”
Next Big, which has a strong track record of delivering technology to the public, has raised $1.2 billion from investors including Kleiner Perkins, General Catalyst, and Sequoia Capital.
“At the core of our technology, we believe the world is a better place when we connect everyone to the Internet,” Martin wrote in a Medium post.
“When we build an ecosystem around the Internet, we are making it easier for everyone to connect and create the connected world we want.”
NextBig also said it would create a new division within Next Big called Next Big Media, which would help bring the technology it develops to more people.
“While we are a pioneer in the field of technology and entertainment, we recognize that the Internet is evolving, and we want to be part of the solution,” NextBig wrote in its Medium post announcing the move.
“In the coming months, we will expand our technology and digital media business to include our content, including our content for our cloud-based infrastructure.
We look forward to building on this momentum and building on NextBig’s strong growth.”