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10 Cool Tech Companies That Raised Funding In July 2021

Rick Whiting

Next-generation technology developers in cybersecurity, AI, big data management and the Internet of Things were among the startup companies that reported new rounds of funding in July.

Cybereason

Headquarters: Boston

CEO: Lior Div

Funding: A $275 million Series F round of “crossover financing”

Investors: The round was led by Liberty Strategic Capital (whose founder and managing partner is former Treasury Secretary Steve Mnuchin) with additional backing from Irving Investors, certain funds advised by Neuberger Berman Investment Advisers LLC and Softbank Vision Fund 2.

What the company does: The company develops the Cybereason Defense Platform, operation-centric cyberattack protection software.

CEO Quote: “Over the past year, we’ve experienced hypergrowth across the globe as defenders recognize that ending advanced attacks isn’t possible using solutions that rely on meaningless alerts and human intervention. Existing—even ‘next-gen’ –solutions are fundamentally flawed, creating the dynamic we have today where the defender is constantly struggling to keep pace with attackers. Unlike our prolific alert-generating competitors, Cybereason takes an approach that enables defenders to end malicious operations instantly, resulting in the most comprehensive prevention, detection and response solution on the market.”

 
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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