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10 Cool Tech Companies That Raised Funding In April 2021

Cloud storage, big data and next-generation cybersecurity technology developers were among the companies that reported new rounds of funding in April.

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Kyligence

Headquarters: San Jose, Calif.

CEO: Luke Han

Funding: Kyligence raised $70 million in Series D funding, bringing its total funding to $118 million.

Investors: The funding round was led by SPDB International with new investors Alpha Square Group, CICC, Gopher Asset Management, Shanghai Growth Capital, PUXIN Capital and Jumbo Sheen Group participating in the round. Existing investors Eight Roads Ventures (the proprietary investment arm of Fidelity International Limited), Redpoint and Shunwei Capital also participated.

What company does: Kyligence develops an AI-enhanced analytics platform that delivers sub-second query response time while performing multi-dimensional analysis against petabytes of data.

CEO Quote: “Today’s cloud data warehouses and data lake analytics are struggling to deliver cost effective analytics as data and user volumes explode. Kyligence can vastly improve the economics of these platforms via our cloud-native architecture and AI-augmented operations.”

 
 
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