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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.

LogicGate

Headquarters: Chicago

CEO: Matt Kunkel

Funding: The $113 million Series C round of funding brings the company’s total financing to $156 million.

Investors: The round was led by growth equity firm PSG while existing investor Greenspring Associates “meaningfully increased its commitment” beyond its original investment.

What the company does: LogicGate develops GRC (governance, risk and compliance) software with plans to expand into risk quantification and prioritization.

CEO Quote: “Today the market for risk and compliance tools is experiencing significant growth and innovation, which we believe is similar to the CRM market 10 [to] 15 years ago. The capital that we raised can provide us with the fuel that we need to continue building market share.”

 
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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