10 Cool Tech Companies That Raised Funding In June 2021
Next-generation cybersecurity, big data and machine learning technology developers were among the companies that reported new rounds of funding in June.
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.”