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: 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.”