10 Cool Tech Companies That Raised Funding In July 2021
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.
Headquarters: Needham, Mass.
CEO: Dani Golan
Funding: $55 million in Series D funding
Investors: The round was led by S Capital with participation by existing investors Sequoia Capital, Pitango, Globespan, Ibex and Vintage, along with new investors Clal Insurance, Bank HaPoalim, Meitav Dash and Menora Mivtachim.
What the company does: Silk develops database optimization technology that “supercharges” databases and improves the performance of cloud-based systems.
CEO Quote: “The cloud vendors are now beginning the fight over customers’ databases and other mission-critical ‘crown jewels.’ To win this fight, they need to guarantee that customers will meet their own end users’ SLAs, by enabling prime scalability and performance of their mission-critical applications. Having this capital allows us to bring the vision of accelerated cloud adoption to a wider audience.”