10 Cool Tech Companies That Raised Funding In August 2023
Network-as-a-service provider Nile, cybersecurity risk platform developer Resilience, DevSecOps platform provider Endor Labs, search and analytics database developer Rockset, and data stack management technology provider Trace are among the companies that raised new financing in August, a list led by AI development tool company Hugging Face.
Follow The Money
The venture capital funding drought has lasted more than a year and funding rounds of $100 million or more, common before 2022, remain something of a rarity amidst economic uncertainty and low company valuations.
But there are early signs that funding for startups at all stages is beginning to flow again. A report from Bain & Co. on Aug. 11 says global venture capital activity is “stabilizing” with interest in AI startups “inspiring a surge of investments.”
This month’s Follow the Money roundup includes early- and late-stage startups focused on AI development, network-as-a-service, DevSecOps, cybersecurity (including cloud security and identity management), big data analytics and data stack management.
Here’s a look at 10 companies that raised funding in August 2023.