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10 Cool Tech Companies That Raised Funding In August 2023

Rick Whiting

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.

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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