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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.

Yugabyte

Headquarters: Sunnyvale, Calif.

CEO: Bill Cook

Funding: The $188 million Series C funding round brings Yugabyte’s total financing to more than $290 million and boosts the startup’s valuation to more than $1.3 billion.

Investors: The latest funding round was led by Sapphire Ventures with participation from Alkeon Capital, Meritech Capital and Wells Fargo Strategic Capital, with participation from previous investors Lightspeed Venture Partners, 8VC, Dell Technologies Capital, Wipro Ventures and others.

What the company does: Yugabyte develops YugabyteDB, a distributed, PostgreSQL-compatible database designed to handle huge amounts of data spanning multiple geographic regions and availability zones.

CEO Quote: “As organizations embrace digital transformation and endeavor to become more data-driven, the need for a cloud-native database that can scale with them grows.”

 

 
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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