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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.

Silk

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.”

 
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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