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10 Cool Tech Companies That Raised Funding In February 2022

Rick Whiting

Next-generation technology developers in MDR cybersecurity, API security, multifactor authentication, data capture and transformation, and data warehousing and data lakes reported new rounds of funding.

eSentire

Headquarters: Waterloo, Ontario

CEO: Kerry Bailey

Funding: The $325 million funding put eSentire’s valuation above $1 billion.

Investors: The investment came from Georgian and CDPQ, although private equity firm Warburg Pincus remains the majority stakeholder.

What company does: eSentire develops managed detection and response (MDR) cybersecurity technology.

CEO Quote: “We want to not only own this market, we also want to continue to innovate the market. And we now have a great amount of capital and partners to do that. What we’re here to do is build a long term, sustainable business that changes the cybersecurity industry.”

 
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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