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10 Cool Tech Companies That Raised Funding In November 2022

Rick Whiting

Security tech providers Apiiro and Bishop Fox, big data software developers Alation and MotherDuck, and machine learning startup Galileo are among the companies that raised new financing in November, a list led by data and memory connectivity technology startup Astera Labs.

Astera Labs

Headquarters: Santa Clara, Calif.

CEO: Jitendra Mohan

Funding: The $150 million Series D funding round brought the company’s valuation to $3.15 billion.

Investors: The round was led by Fidelity Management and Research with participation from existing investors including Atreides Management, Intel Capital and Sutter Hill Ventures.

What company does: Astera Labs develops purpose-built data and memory connectivity solutions, including silicon, software and system-level products, that remove performance bottlenecks from data center systems.

CEO Quote: “Astera Labs continues to surpass every milestone for a technology start-up, and we are now deep into the next stage of evolution for our company as we accelerate growth. This latest funding round is a testament that we are not only invested in the right growth markets such as cloud, artificial intelligence/machine learning, and hyperscale infrastructure, but that we are also able to consistently execute and deliver breakthrough connectivity products that are critical to our customers and partners.”

 

 
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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