10 Cool Tech Companies That Raised Funding In November 2022
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.
Headquarters: Redwood City, Calif.
CEO: Satyen Sangani
Funding: The $123 million Series E funding round brought the company’s total financing to $340 million and boosted its valuation to more than $1.7 billion.
Investors: The round was led by Thoma Bravo, Sanabil Investments and Costanoa Ventures with participation from new investor Databricks Ventures. Existing and other investors that participated included Dell Technologies Capital, Hewlett Packard Enterprise, Icon Ventures, Queensland Investment Corp., Riverwood Capital, Salesforce Ventures, Sapphire Ventures and Union Grove.
What company does: Alation provides enterprise data intelligence software for data search and discovery, data governance, data stewardship, analytics and digital transformation.
CEO Quote: “The modern enterprise needs data in good times … and even more so in bad. With a challenging economic outlook, companies are looking to their data for direction, to drive operational efficiencies, and gain or maintain a competitive advantage. Alation makes that happen consistently with clients increasing their spend year-over-year. Our calling cards are consistent ROI, engagement, and adoption. This latest funding round will help us go even faster, so more organizations can harness the power of their data and convert this wealth of information into usable, trusted insights.”