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10 Cool Tech Companies That Raised Funding In October 2021

Rick Whiting

Next-generation technology developers in security, SASE, database software, machine learning and sales automation applications were among the startup companies that reported new rounds of funding in October.

Groove

Headquarters: San Francisco

CEO: Chris Rothstein

Funding: A $45 million Series B round of funding.

Investors: The round was led by Viking Global Investors with participation from existing investors Capital One Ventures, level Equity, Quest Venture Partners and Uncork Capital.

What the company does: Groove develops a sales engagement application platform.

CEO Quote: “Our enterprise customers want to enable the modern seller while ensuring the highest levels of enterprise security and compliance. We’re capturing a significant amount of enterprise market share from our competition because our platform was built for the needs of large, complex organizations that rely on Salesforce as their system of record. We bring automation to the seller instead of requiring that they work out of a separate system. This flexibility ensures extremely high user adoption rates, even with technology averse sellers in non-tech industries.”

 

 

 

 

 
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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