Follow The Money

As the state of the global economy grows more uncertain and stock markets continue to lose ground, some observers expect that the amount of venture capital flowing to startup companies will begin to slow. While that may still happen, there are few signs that the venture capital pipelines providing funding to promising IT startups is running dry.

Here’s a look at 10 companies that raised funding in June 2022.

Startup companies pushing technology boundaries in cybersecurity continue to dominate our monthly list of companies attracting significant amounts of venture funding. Companies developing IT in big data, cloud data storage and API connectivity also make this month’s Follow the Money roundup.

DataStax, a developer of distributed NoSQL database software and a cloud database-as-a-service, tops the June list with an impressive $115 million funding round. Also on the list is Immuta, a provider of data access and data security governance software, with a $100 million funding round.

Five of the companies on the June list are developing leading-edge IT security technology including Devo Technology with its logging and security analytics system, email security provider Vade, Ordr and its security technology for connected devices, identity authentication and fraud protection software developer Incognia, and Seemplicity with its productivity platform for security teams.

Other companies raising funding in June are providing advanced universal API software, software-defined data storage systems, and behavior data for use in AI and advanced analytics systems.