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10 Cool Tech Companies That Raised Funding In June 2021

Rick Whiting

Next-generation cybersecurity, big data and machine learning technology developers were among the companies that reported new rounds of funding in June.

Imply

Headquarters: Burlingame, Calif.

CEO: Fangjin Yang

Funding: The $70 million Series C funding round brought the company’s total financing to $116 million and boosted its pre-money valuation to $700 million.

Investors: The round was led by Bessemer Venture Partners with participation from Tiger Global Management. Existing investors A16Z, Khosla Ventures and Geodesic Capital also participated.

What company does: Imply, which calls itself the pioneer of “analytics-in motion,” develops a multi-cloud, real-time data analytics platform for building analytics-driven applications. The software is powered by the open-source Apache Druid real-time analytics database that was developed by Imply’s founders.

CEO Quote: “In the modern world, what worked yesterday often doesn’t work today. Analytics-in-motion will power the next frontier of digital transformation – the movement away from analytics solutions that are expensive, slow and static towards analytics solutions that are highly scalable, cost effective and enable customers to quickly get to the ‘a-ha’ moment.”

 
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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