10 Cool Tech Companies That Raised Funding In February

March 02, 2023, 09:00 AM EST

Time series database developer InfluxData, data observability startup Acceldata and hyperscale networking software company Arrcus are among the companies that raised new financing in February, a list led by cloud security tech provider Wiz.

Wiz

Headquarters: New York

CEO: Assaf Rappaport

Funding: The $300 million Series D funding round brings the company’s total funding to $900 million and puts the company’s valuation at $10 billion.

Investors: The round was led by Lightspeed Venture Partners with participation from existing investors Greenoaks Capital Partners and Index Ventures.

What the company does: Wiz is a fast-growing developer of cloud security technology.

CEO Quote: “We are extremely proud of our growth rate in terms of number of customers, sales and valuation, especially in view of the current market conditions for global high-tech. … This round of funding will accelerate the growth of our global operations, enable diversification of our customers across a range of industries and support our commitment to continued innovation.”

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.