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10 Cool Tech Companies That Raised Funding In June 2022
Next-generation technology developers in database and data management, security analytics, universal APIs, and software-defined data storage were among the companies reporting new rounds of funding.
Headquarters: Santa Clara, Calif.
CEO: Chet Kapoor
Funding: The $115 million private equity funding round brought DataStax’s total funding to $342.6 million since its 2010 founding.
Investors: The round was led by the growth equity business within Goldman Sachs Asset Management. Also participating were RCM Private Markets fund advised by Rokos Capital Management and the Singapore-based global investor EDB Investments Pts. Ltd., along with existing investors Crosslink Capital, Meritech Capital Partners, OnePrime Capital and other current investors.
What company does: DataStax develops the DataStax Enterprise distributed NoSQL database that is designed to handle huge volumes of data. It also offers the Astra DB database-as-a-service.
CEO Quote: “We see the transformative power of real-time applications across industries on a daily basis and among customers such as The Home Depot, Verizon, and Capital One. What‘s clear is that we’re only in the early stages of what‘s possible with new data-driven experiences that will serve a wide range of human needs, create virtuous cycles between companies and their customers, and move markets.”