Security News
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.”
