10 Cool Tech Companies That Raised Funding In June 2021

July 13, 2021, 04:16 PM EDT

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

Transmit Security

Headquarters: Boston and Tel Aviv, Israel

CEO: Mickey Boodaei

Funding: The $543 million Series A round of funding established Transmit Security’s pre-money valuation at $2.2 billion.

Investors: The funding round was led by Insight Partners and General Atlantic with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures

What company does: Transmit Security develops passwordless identity and access management software.

CEO Quote: “Passwordless authentication is so much more than ensuring customers can easily and seamlessly access their information, their accounts and make purchases - it’s about revolutionizing the way companies interact with their customers. By eliminating passwords, businesses can immediately reduce churn and cart abandonment and provide superior security for personal data.”

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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.