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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.

FloQast

Headquarters: Los Angeles

CEO: Mike Whitmire

Funding: The $110 million Series D round of funding brings the company’s valuation to $1.2 billion.

Investors: The round was led by Meritech Capital with participation from Redpoint Ventures, Sapphire Ventures, Coupa Ventures and continued participation from prior investors including Insight Partners, Polaris Partners and Norwest Venture Partners.

What the company does: FloQast develops accounting workflow automation software.

CEO Quote: “Our customer community continues to drive our workflow innovation by finding new applications for our technology. This, coupled with the growing importance of finance and accounting in digital businesses, requires controllers to become more operationally involved than ever before. As a result, FloQast is perfectly positioned to deliver the next generation of accounting and finance modernization without disrupting the critical core work that these professionals must deliver every day.”

 
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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